How to Build Power Teams in BNI to Boost Referrals | Brian Wright | Chester BNI Education Slot скачать в хорошем качестве

How to Build Power Teams in BNI to Boost Referrals | Brian Wright | Chester BNI Education Slot

In this insightful education slot, Brian Wright from KutchenHaus shares invaluable tips on how BNI members can effectively form Power Teams within their chapters to significantly increase referral opportunities. Speaking at a Chester BNI meeting, Brian provides a detailed explanation of the synergy and strategic partnerships that can be developed through Power Teams, which can lead to a substantial increase in business for all involved. https://bnieducationslots.com/buildin... Introduction: Brian begins the session by introducing the concept of Power Teams—a collective group of professionals from related industries who work together within a BNI chapter to generate referrals and business opportunities for each other. He emphasizes the power of synergy within these teams and how they can be a game-changer for members who actively participate. [00:01] - Importance of Power Teams: Brian starts by highlighting that 67% of work generated through a Power Team comes from within that team itself. He stresses the importance of creating a Power Team within BNI, where members who are in related trades can collaborate and refer business to each other. Brian uses his own experience as an example, explaining how he, as a kitchen fitter, works closely with other trades like bathroom fitters and plumbers to generate a steady flow of business. [01:12] - The Math Behind Referral Partnerships: Brian dives into the math of referral partnerships within a Power Team. He explains a simple yet powerful formula that shows how the number of potential referral partnerships increases as the number of members in a Power Team grows. Using a visual aid with stick figures, Brian illustrates how the referral partnerships multiply exponentially as more members join the Power Team. Number of Referral Partnerships = 𝑛2 − 𝑛 / 2 Where 'n' is the number of members in the Power Team. Brian demonstrates how even a small Power Team can lead to a significant increase in referral opportunities. This simple mathematical approach shows that the more members actively participating in a Power Team, the more business each member can generate. [02:58] - Building a Power Team in Chester BNI: Brian shares a practical example of how they are currently building a Power Team within the Chester BNI chapter. He lists the members involved in this Power Team, including professionals from various trades such as architecture, property management, insurance claims, plumbing, and more. Each member brings their expertise to the table, creating a robust network that continuously feeds business into the group. [04:02] - Expanding the Power Team Concept: In the concluding part of his presentation, Brian encourages BNI members to think beyond their immediate circle and consider forming additional Power Teams. He points out that there are other professionals in the room—such as mortgage brokers, accountants, and insurance agents—who could benefit from creating their own Power Teams. By doing so, they can generate more referrals and, ultimately, more business. Brian also reflects on the success of their existing Power Team, noting that it helped generate over £1 million in business last year. With a larger and more active Power Team, he sets an ambitious target to increase that figure to £2 or £2.5 million in the upcoming year. Conclusion: Brian Wright’s session on Power Teams provides a clear, actionable strategy for BNI members looking to maximize their referral potential. By building Power Teams within their chapters, members can create a network of trusted partners who consistently refer business to one another. This approach not only strengthens the bonds within the BNI chapter but also significantly boosts the business growth of each member involved. As Brian concludes, the potential for growth through Power Teams is enormous, and with the right members and a commitment to collaboration, the sky's the limit. This video is a must-watch for any BNI member looking to take their networking and business growth to the next level. YouTube Chapters: [00:01] - Importance of Power Teams [01:12] - The Math Behind Referral Partnerships [02:58] - Building a Power Team in Chester BNI [04:02] - Expanding the Power Team Concept By watching this video, you'll gain practical insights into forming and utilizing Power Teams within your BNI chapter to drive referrals and business success. Don't forget to like, share, and subscribe for more educational content from BNI Education Slots!