Back in October, I was invited to be a member of the Forbes Business Council. Out of sheer curiosity, I decided to go down the rabbit hold. After six months in, I must say, there are many pros and cons. So much so that I wanted to write a brief article on what the Forbes Councils are and list a few pros and cons to educate potential members.
Forbes Councils is a prestigious network of invitation-only communities that brings together business professionals and industry leaders across various sectors. These councils offer exclusive benefits and opportunities for members, but it's essential to consider both the advantages and disadvantages before deciding to subscribe. This article aims to provide an objective overview of the benefits and drawbacks associated with joining Forbes Councils.
Benefits of Subscribing to Forbes Councils:
1. Access to a Valuable Network:
One of the significant benefits of becoming a member of Forbes Councils is gaining access to a network of accomplished professionals. Membership opens doors to connect and collaborate with influential leaders, fostering valuable relationships that can lead to new business opportunities, partnerships, and mentorship.
2. Credibility and Prestige:
Being associated with Forbes Councils carries a certain level of prestige, as it is a trusted and renowned brand. Membership in these exclusive communities can enhance an individual's professional credibility, opening doors to speaking engagements, media opportunities, and invitations to exclusive events.
3. Thought Leadership Opportunities:
Forbes Councils provide platforms for members to showcase their expertise and establish themselves as thought leaders in their respective industries. Members can contribute articles to Forbes.com, attend and speak at industry events, and participate in panel discussions, thereby elevating their personal brand and expanding their reach.
4. Industry Insights and Resources:
Councils offer access to curated content, research reports, and industry-specific insights. This access to valuable information can help members stay updated on the latest trends, best practices, and emerging opportunities in their fields. Additionally, council-exclusive resources like webinars, workshops, and case studies can further enhance professional growth and knowledge.
Drawbacks of Subscribing to Forbes Councils:
1. Membership Fees:
Joining Forbes Councils comes at a cost, with membership fees varying based on the specific council. These fees can be significant, making it inaccessible for some professionals, especially those starting their careers or working in smaller organizations. It is crucial to carefully evaluate the potential return on investment before committing to the financial obligation.
2. Exclusive and Invitation-Only Nature:
The invitation-only aspect of Forbes Councils can be both a benefit and a drawback. While it ensures a high caliber of members, it also means that not everyone who desires to join will have the opportunity. This exclusivity can create a sense of elitism and limit the diversity of perspectives within the community.
3. Time Commitment:
Active participation in Forbes Councils requires a significant time commitment. Members are expected to contribute through thought leadership articles, attending events, and engaging in discussions. For busy professionals already managing demanding schedules, finding the time to actively participate and leverage the full benefits of membership can be a challenge.
4. Industry Focus and Relevance:
Forbes Councils are specific to various industries, and the benefits derived may vary depending on the relevance of the council to an individual's professional field. It is essential to assess whether the council aligns with one's industry or areas of interest before subscribing to ensure maximum value from the membership.
At the end of the day, subscribing to Forbes Councils offers a range of benefits, including access to a valuable network, enhanced credibility, thought leadership opportunities, and industry-specific insights. However, potential subscribers should carefully consider the drawbacks, such as membership fees, exclusivity, time commitment, and industry relevance. By weighing these pros and cons, professionals can make an informed decision about joining Forbes Councils and determine if the investment aligns with their goals and resources.