If you have been staying on top of the latest trends in business and entrepreneurship, you might have already heard of the Forbes Council. Russ Ruffino, Sasha Orloff, Lisbi Abraham, Adam Fayed, and Gary Vaynerchuck are only few of the many influential people who have listed the Forbes Council as part of their accolades.
This elite group of successful business leaders is known for their thought leadership content and valuable guidance for anyone wanting to grow in their career.
This blog aims to introduce what the Forbes Council is all about, how you can become a part of it, and what exclusive perks you can get if you become a Forbes Council member.
What is Forbes Council?
The Forbes Council is an invitation-only community created for widely-recognized business leaders and entrepreneurs.
Members are selected based on their industry and leadership expertise, as well as their track record of success.
The goal of Forbes Councils is to bring together top leaders and entrepreneurs from various industries to share insights and best practices, collaborate on new ideas, and build relationships that can lead to future opportunities.
Forbes Councils offer members exclusive access to resources, such as content, events, and peer-to-peer networking opportunities. Members can also contribute thought leadership articles to the Forbes website, which can help them gain visibility and establish themselves as experts in their field.
There are currently over 25 Forbes Councils covering a range of industries, including technology, marketing, finance, and healthcare.
Each council has its own membership criteria and benefits, but all are designed to provide members a platform to connect and learn from each other.
What are the benefits of becoming a member of Forbes Council?
Becoming a Forbes Council member offers several exclusive benefits, such as the following:
Exclusive networking opportunities
As a member, you can access a private community of successful business leaders and entrepreneurs. This community offers the opportunity to network with like-minded professionals, share ideas and insights, and collaborate on new projects.
Forbes Council members are often featured in Forbes content, including articles, videos, and podcasts. This exposure can help increase your visibility and establish you as an expert in your field.
Access to resources
Forbes Council members have access to exclusive resources, including industry research, webinars, and other educational materials. This can help you stay up-to-date with your industry’s latest trends and best practices.
Thought leadership opportunities
Members have the opportunity to contribute thought leadership articles to Forbes.com, which can help establish their reputation as industry experts.
Being a member of the Council can help enhance your personal brand and the brand of your business.
Business growth opportunities
Forbes Council members may also have opportunities to collaborate with other members on new projects, form partnerships, or gain access to new markets.
How to become a Forbes Council member?
Becoming a member of the Forbes Council is an invitation-only process, and several membership criteria must be met to be considered.
These criteria may vary depending on the specific council you are interested in joining, but some common requirements include the following:
Members are typically leaders in their respective industries with a track record of success.
Members should have a strong personal brand and a history of contributing thought leadership content to industry publications or conferences.
Members should have a track record of significant professional achievements, such as building a successful business, leading a high-performing team, or driving innovation in their industry.
Members should have a strong reputation among their peers and within their industry.
Membership in Forbes Council is by invitation only, so you must be nominated by a current member or apply through the council’s website.
If you meet these criteria and are interested in becoming a member of the Forbes Council, you can explore the various councils and their membership requirements on the Forbes Council website.
What is the application process for Forbes Council?
The application process for Forbes Council membership varies depending on the specific council you are interested in joining.
Generally, the process involves filling out an online application form, which may include questions about your professional background, achievements, and areas of expertise.
Some councils may also require a nomination from a current member or an interview with council representatives.
Once you submit your application, it may take several weeks or months to hear back from the council. The timeline for acceptance can vary depending on the number of applicants and the council’s review process.
Some councils may accept new members on a rolling basis, while others may have specific application windows throughout the year.
If your application is accepted, you will receive an invitation to join the council and be given access to the council’s resources and community.
If your application is not accepted, you may have the opportunity to reapply in the future or explore other councils that align with your professional background and interests.
How much does Forbes Council membership cost?
The cost of Forbes Council membership varies depending on the specific council you are interested in joining.
Some councils may have a one-time membership fee, while others may have an annual membership fee. These fees can range from a few thousand dollars to tens of thousands of dollars per year, depending on the council’s benefits and resources.
In addition to the membership fee, the Council members are responsible for any travel, lodging, or other expenses associated with attending council events or meetings.
It’s important to consider these costs when deciding whether to apply for Forbes Council membership.
What industries are represented in the Forbes Council?
There are currently over 25 Forbes Councils covering a nine major industries, including:
- Forbes Technology Council
- Forbes Finance Council
- Forbes Business Development Council
- Forbes Business Council
- Forbes Communications Council
- Forbes Coaches Council
- Forbes Human Resources Council
- Forbes Nonprofit Council
- Forbes Agency Council
The Forbes Council members vary depending on the specific council, but in general, members are successful business leaders and entrepreneurs with a track record of professional achievements and thought leadership.
Members come from diverse backgrounds and represent a range of industries and geographic locations. The community is also constantly growing and evolving, with new members joining regularly.
Some of the many notable members of the Forbess council include:
- Daymond John, founder of FUBU and “Shark Tank” investor – Forbes Business Council
- Gary Vaynerchuk, CEO of VaynerMedia – Forbes Communications Council; Neil Patel, co-founder of Crazy Egg and Hello Bar – Forbes Agency Council
- Adam Fayed, founder of International AMG and expat wealth management specialist – Forbes Finance Council
- Russ Ruffino, founder of Clients on Demand – Forbes Coaches Council
- Rand Fishkin, founder of Moz – Forbes Technology Council
- Erin Brockovich, consumer advocate and environmental activist – Forbes Sustainability Council
- Marsha Firestone, founder of the Women’s President Organization – Forbes Nonprofit Council
How often do members of Forbes Council meet?
The frequency of meetings and the formats for Forbes Council members can vary depending on the specific council.
However, most councils hold regular meetings throughout the year, often in-person or virtually, to provide members with networking opportunities, professional development, and access to industry insights and resources.
In-person meetings may be held at industry conferences or at specific locations designated by the council, while virtual meetings may be conducted via video conferencing or other digital platforms.
The formats for these meetings can also vary but typically include a mix of presentations, panel discussions, and small-group workshops.
These events may feature guest speakers, industry experts, or other thought leaders who share their insights on key issues facing the industry or provide guidance on best practices and strategies.
In addition, the members often have access to exclusive online communities or forums to connect with other members, share ideas, and collaborate on projects.
These digital platforms can provide a valuable resource for members who cannot attend in-person meetings or want to stay connected between events.
How can Forbes Council help people seeking financial management help?
While the Forbes Council primarily provides a platform for members to network and exchange ideas, its members may also offer financial management advice to the broader community.
One way for people to access financial management advice from Forbes Council members is through their content.
Members often contribute articles and blog posts to Forbes, which cover a wide range of topics related to business and finance.
These articles can be found on Forbes’ website and are accessible to anyone. Forbes Council members may also share their expertise through social media channels, such as LinkedIn and Twitter.
Another way to access financial management advice from Forbes Council members is to attend their events.
The members may organize and participate in various events, such as webinars, seminars, and conferences, where they share their knowledge and insights on financial management topics. Some of these events may be open to the public or free.
If you want personalized financial management advice from a Forbes Council member, you can contact them directly through their website or social media channels.
While not all members may offer one-on-one consulting services, some may be willing to provide guidance and advice on a case-by-case basis.
Most members are wealth management specialists or certified financial planners and advisors. They can provide professional advice and help with any major financial decisions.
What kind of finance-related topics do Forbes Council members specialize in?
Forbes Council members come from a wide range of industries and backgrounds, and their expertise in finance varies accordingly.
However, some common finance-related topics that Forbes Council members specialize in include:
- Financial planning and analysis
- Investment management
- Corporate finance and capital raising
- Accounting and auditing
- Risk management
- Taxation and regulatory compliance
- Personal finance and wealth management
- Business strategy and financial performance
- Financial technology (fintech)
- Global financial markets and economics
Forbes Council members may specialize in one or more of these areas, depending on their professional background and experience.
Additionally, many members have expertise in niche finance-related topics, such as cryptocurrency, sustainable finance, and impact investing.
Are any fees associated with accessing Forbes Council’s finance-related content or resources?
Forbes Council provides finance-related content and resources through various channels, and the fees associated with accessing these resources can vary depending on the specific offering.
Some of their finance-related content, such as articles and blog posts published on Forbes’ website and their own websites, are free to access and available to anyone with an internet connection.
Forbes Council members may also share finance-related content through their own social media channels, such as LinkedIn and Twitter, which are also typically free to access.
However, some of the Forbes Council’s finance-related resources and services, such as webinars, seminars, and conferences, may require an access fee.
The fees associated with these offerings can vary depending on the type of event, the location, and the specific topics covered.
Additionally, members who offer personalized financial advice or services may charge a fee for their time and expertise.
What upcoming finance-related initiatives or projects are Forbes Council members involved in?
As a virtual community of business leaders, the Council members are involved in a wide range of finance-related initiatives and projects.
Many Forbes Council members are involved in impact investing, which aims to generate positive social or environmental outcomes alongside financial returns.
Forbes Council members are working to promote impact investing as a viable investment strategy and to encourage greater collaboration between investors and social enterprises.
Forbes Council members are also involved in various digital transformation initiatives in the finance industry, such as using blockchain technology, AI, and big data.
These initiatives aim to improve financial transactions’ efficiency and transparency and create new business models in the finance industry.
A lot of the members are also involved in various initiatives aimed at improving financial literacy, particularly for underserved communities.
Members are working to promote financial education in schools and universities and to provide accessible and culturally relevant financial information to individuals and businesses.
Many Forbes Council members are involved in sustainable finance initiatives, such as green bonds and ESG (environmental, social, and governance) investing.
Members are working to promote sustainable finance as a viable investment strategy and to encourage businesses to adopt sustainable practices.
They are involved in various fintech initiatives, such as developing new payment technologies, using digital platforms to provide financial services, and using AI and big data in financial decision-making.
These are just a few examples of the upcoming finance-related initiatives or projects in which Forbes Council members are involved.
As a community of business leaders, Forbes Council members are constantly seeking new ways to drive innovation and growth in the finance industry.