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Last Update: Sunday April 11, 2021

Key Idea: Join A Peer Group

Owner Ashley Postlewaite is a member of  Young Entrepreneurs Organization (YEO).  Milledge Hart talks about the benefits of membership.  The parent organization is EO.      More...

Key Question:

A: 

Surround yourself with friends who will be tough on you.

Q: What are the benefits of YEO group for Ashley?

A: If you are a member of YEO you can participate in a forum group and this is what Ashley likes best. A forum is 10-12 other entrepreneurs with whom you meet monthly for four hours. You serve as a board of directors for one another. There are no competitors in your group and everything said in the room is confidential. Recently one of her colleagues in the forum directed her to good pension plan ideas. To see a forum in action look at the program we did about Vickie Bondoc who belongs to the YEO in Boston. They allowed us to tape a meeting in session. Also, look at the material we produced on OK Groups. They too are made up of business owners who serve as a board of directors to one another. Under the direction of my friend Jim Schell, there are 22 OK Groups meeting in Bend, Oregon every month.

Think about it

Is there a peer group in your city that you can join? Is there an industry group with members who do exactly what you do?
 

Clip from: Renegade Animation - Beating the Big Boys

Burbank, California: Back in 1992 Ashley Quinn Postlewaite and Darrell Van Citters left  Warner's studios to start their own business, Renegade Animation. They truly were renegades.  Their first challenge was to produce a 90-second spot for Nike.  They did it.  Called Aerospace Jordan,  it aired on the Super Bowl. Now, that's real talent.  And, that 's an incredible start.

This episode of the show takes us inside flights of the imagination, fantasy, and stretched metaphors. Today, among their customers you will find Cartoon Network, Nickelodeon, Disney, CBS.com, Leapfrog, Toyota, Mattel, Barq's Root Beer, Campbell Soup, Dow, NIKE and more.

In their first year they did $1.4 million in sales. While the sales have held steady over the years, they have also have been able to do their work with four or less full-time employees.    

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Renegade Animation

Ashley Quinn Postlewaite, Executive Producer

111 East Broadway
Suite 208
Burbank, CA 91205

Visit our web site: http://www.renegadeanimation.com

Business Classification:
Business Services; advertising, marketing, pr

Year Founded: 1999

Join A Peer Group

HATTIE: Small-business owners are notoriously independent. But there's an organization that Ashley belongs to that is perfect for the non-joiner. Incoming president of the Young Entrepreneurs Organization, Milledge Hart, explains. So, Milledge what is the YEO?

MILLEDGE HART (Young Entrepreneurs Organization): The Young Entrepreneurs Organization is a group of entrepreneurs around the world who get together for education, fun, social interaction and to really have a peer group.

HATTIE: All right. `Young' means something. What does young mean?

MILLEDGE: Young means you get kicked out when you're 40.

HATTIE: I'm so glad to know it goes up to 40. So what are the other criteria that one must meet to be in the YEO?

MILLEDGE: To be in YEO you need to be a founder, co-founder or controlling shareholder of a business with revenue in excess of $1 million.

HATTIE: And under 40 years old?

MILLEDGE: You must join before you're 38. There's graduate organizations that you can go into after 40. Primarily, what YEO intends to do is to educate its members with the best resources in the world.

HATTIE: So you're an education organization. How is it that you deliver these educational components?

MILLEDGE: Well, there's three primary ways we deliver that. The first is the monthly education events, by chapter, in the cities. The second is the forum group. And the third is the international events.

HATTIE: Could you draw some conclusions about the type of person that is in the group?

MILLEDGE: Well, typically YEOers are non-joiners. So the vast majority of the group doesn't want to be a part of an organization because they don't think they'll get much from it. So that's one thing we find a lot of the times. And a lot of times people don't think they have time. They're very, very busy people. And what we always find out, and the more time you spend on YEO, the better off you are, the better off your business is.

HATTIE: How does one join?

MILLEDGE: The best way to find out about YEO is on the Web. http://www.yeo.org

HATTIE: We've met others here who belong to YEO. In Boston, Vicki Bondoc took us to her forum where YEO members help each other solve problems.

VICKI BONDOC (Member YEO): I'm in this group because it gives me the opportunity to build relationships with other business owners who are experiencing some of the same issues that I'm going through on a day-to-day basis.

HATTIE: (Voiceover) Register while you're online. Do it quickly with just your e-mail or register for a free copy of a special issue of Bottomline or register by requesting free mentoring from your SBDC.

HATTIE: Remember, as Ashley and Darrell have done, you can control your growth by saying, NO, to projects that do not fit your mission. We'll be back next week.

Not a member yet? Learn!  Be empowered! Join us!