The Business Leadership Wikipedia: Your Virtual Power Team (Part 1)

Who are the members of your business virtual power team, and how are you activating their full potential?

The internet revolution has given entrepreneurs, solopreneurs and small businesses the ability to easily create comprehensive services for their clients that rival the services of large corporations. The playing field is now level for those who have the key strategy. Whatever the size of your business, you can compete in the market place with the giants, while being lighter, more flexible and having less overhead.

Despite this opportunity, new businesses continue to experience an 80% or more failure rate. Why is this so? Because there's a huge missing element-a piece of the puzzle that even the most advanced tools of technology cannot provide. I'm going to give you this missing piece.

In the next six weeks, through this Virtual Power Team series of six articles, I'm going to show you how to activate the potential of your Virtual Business Power Team. This will enable you to rapidly position your business to deliver the kind of extraordinary, comprehensive service that will:

• Steadily attract more new clients than your business can handle
• Increase client retention by growing incredible client loyalty
• Dramatically boost your exposure in the market place

And the great thing about all this is that, unlike the high price and comparably low returns of your last marketing initiative, this strategy costs little to nothing in terms of your time and money. Yet, it delivers you uncommonly high returns-whether you're a solopreneur, a small business or a sales rep seeking to grow your client and contact base.

What is an ideal virtual power team?

Your ideal virtual power team consists of those businesses your clients typically need in conjunction with your work with them. For example, the clients of a Realtor typically need the services of a mortgage broker, a mover and an interior designer, among other needs. A web designer's clients typically need a graphic artist and a writer. Whose additional services do your clients need? This is your virtual team.

As an entrepreneur, if you fail to strategically create your own virtual team, your competition will do so, placing you at a disadvantage in terms of market exposure, credibility and the ability to deliver more comprehensive client services.

The value and benefits of creating an ideal virtual power team

• Better, more comprehensive client service
• Partnership with other business entrepreneurs and professionals
• Greater market exposure
• More qualified business referrals
• Increased website traffic
• More contacts and clients
• Greater business profits

1st Insight Communications Virtual Power Team Article Series

This is the first of a series of six articles by which I will guide you and other business entrepreneurs through the process of creating your own virtual team. You will experience dramatic growth of your business as a result.

Series titles:

1. What is a virtual power team and what are the benefits? (This Article)
2. Create the blueprint for your ideal virtual power team. (Next week)
3. Identify your ideal virtual power team members.
4. Connect with your ideal virtual power team.
5. Market your new, larger business capability through your ideal virtual power team.
6. Maintain and grow your ideal virtual power team.

Content of Each Article

Each article will give you the following:

1. A specific "next action step" you need to take pertaining to the theme of the article
2. Why the action step is important
3. A template and model for your action step

Next action step for this week:

Begin now by asking yourself, "What professions need to be represented on my virtual business power team?"

Importance:

This will prepare you to get the most out of next week's article which we will devote to helping you answer that question.

Template for action:

Ask yourself, "What additional services (not offered by you) do your clients need in order to achieve the overall goal your services support?"

To your success and significance in business,

David Smith

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David Smith is the CEO of 1st Insight Communications: Business Leadership Coaching for Accelerated Results. He is also the visionary creator of The Business Leadership Wikipedia.

• Gain exposure for yourself and your business by joining our growing list of Business Leadership Wikipedia ContributingAuthors.
• Contact David Smith for a complimentary Business Growth Acceleration Session, valued at $500 Email or (503) 816-9665.

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Get help creating your ideal virtual power team.

The Virtual Team article series gives you the plan for creating your ideal virtual power team. But even the most detailed plan doesn't guarantee success. We're going to give you the support that will guarantee your success.

Upcoming Teleclass

Accelerate Your Business Growth by Creating Your Virtual Power Team

Next Offering: June 2009 (4-week teleclass: Learn, experience transformation in the comfort of your office or home)

1:00-2:00pm ET, Wednesdays

We'll give you all the guidance, support and accountability you need to create your ideal virtual power team. By the end of the class, you will have your virtual power team in place and immediately begin to experience the benefit for your business. Your ideal virtual power team will be worth tens of thousands of dollars in attracting and serving your business clients during the year 2009.