Detroit business owner Scott Zack reflects on the importance of the Entrepreneurs’ Organization and other similar initiatives.
Supporting business owners and aspiring business owners alike, a variety of organizations exist to assist, encourage, and promote America’s rapidly growing number of entrepreneurs. A successful Detroit business owner, Michigan resident and entrepreneurial organization advocate Scott Zack offers a closer look at the work of YPO and the Entrepreneurs’ Organization.
Zack starts by briefly looking back at the history of the Young Presidents’ Organization, today more commonly known as YPO. “Now 70 years in the making, the Young Presidents’ Organization, or YPO, was first founded back in 1950,” he reveals.
The Entrepreneurs’ Organization, meanwhile, Zack goes on to point out, while not dating back as far, is still more than 30 years old. “The Entrepreneurs’ Organization was established in 1987,” he adds, “and, today, boasts thousands of members both in the U.S. and internationally.”
In fact, together, the Entrepreneurs’ Organization and YPO combined boast tens of thousands of members in total, according to the successful business owner.
Such organizations, Scott Zack, Michigan resident, says, even decades on, remain extremely important to entrepreneurship and the wider business world, both in the U.S. and overseas. “The simple fact that these organizations exist and facilitate learning between existing and new or aspiring entrepreneurs alike is great for our economy,” suggests Zack, “and other economies around the world where such organizations exist.”
Scott Zack has seen, first hand, he says, how initiatives such as the Entrepreneurs’ Organization and YPO have instilled excitement, passion, and drive into newer and newer generations of entrepreneurs.
According to Zack, the Entrepreneurs’ Organization exists on a basis of integrity and promotes core values which include respect, trust, and a thirst for learning. YPO, meanwhile, and now with over 25,000 members in more than 130 countries globally, is built upon a framework of mentorship provided by what they call a network of peer leaders, each of whom is dedicated to lifelong learning.
“Both organizations, and other entrepreneurial organizations alike, foster environments of trust and respect, first and foremost,” explains Zack, “and confidentiality is often a stipulation, particularly between peer leaders and those who they mentor.”
“It’s also about accessing opportunities,” adds the successful Detroit business owner, wrapping up, “and opportunities, I believe, are central to long-term success as an entrepreneur, whatever your field of business.”