Your Business Plan
Networking offers advantages
The reality of networking with the right professionals who can offer assistance to help businesses grow brings many entrepreneurs to the Council of Smaller Enterprises (COSE).
With one couple, it was through COSE’s Business Plan Challenge. For another man, it was years after spending thousand of dollars in dues to local civic organizations with minimal results.
Deborah and Darwin Rutledge had separate careers before forming their own independent insurance agency, the Rutledge Group. Darwin had started as Rutledge Insurance Agency in 1995, a captive agency selling and servicing all lines of insurance for a major insurance company. In March 2000, he started his own independent insurance company, and Deborah joined him in the venture, leaving behind her professional career that had started as a special education teacher and ended with a 20-year career in retail management after running a $40 million store with 450 employees for a major retailer. In November 2008, the name their company was changed to the Rutledge Group.
“We had been familiar with COSE but had no involvement until 2002, when we decided to enter COSE’s Business Plan Challenge,” said Darwin. “Although we did not win in any category, our participation in the challenge introduced us to the various benefits and events associated with COSE membership. We then decided to take COSE’s tools and input from the 2002 Business Plan Challenge and entered the 2003 Business Plan Challenge. This time, we won first place in the growth and innovation category, with one of the prizes being a free COSE membership for one year.”
“The benefits of our relationship with COSE began in 2002, before we were active members, and it has continued with our active membership in the organization to date,” Deborah explained. “Through networking events, involvement in MindShare, a peer advisory group, and the annual Small Business Conference, we have received information, education and business contacts that have helped our company continue to grow.”
Darwin believes that the most valuable lesson he’s learned and tries to share with others is, “Make sure your clients know you care. It is not just a business transaction when the customer comes into your office, but it is a continuation of a relationship,” he said.
Deborah also stressed the importance of being able to break away from the daily tasks to work on strategy and plan for the future. “I share the input and insight I receive from participating in my monthly COSE MindShare group with Darwin,” she said. “Over the past two years, we have taken many of the group’s suggestions and observations into consideration as we have planned the direction of our business.”
“The person who wants to be an entrepreneur needs to know that the services of an accountant, attorney and, yes, an insurance professional, should be obtained and retained,” Deborah added. “A person may have a vision and a passion, but the realities of successfully running a business require professional services.”
Darwin added, “I truly believe that if you do these things, the financial rewards and personal satisfaction will come.”
Lou Acosta, editor of