Terms of Membership
Being a member of The Board has a lot of advantages, but it also comes with a few responsibilities. Below is the short version of the terms of membership. You can read our full Bylaws here.
Member Dues
- The joining fee for your membership is $50, due with your membership application.
- Monthly dues are $20 and may be paid in advance for multiple months.
- If you become 60 days in arrears, an official notice will be sent, in writing, by the Treasurer.
- If you become 60 days in arrears, your seat on the Board will be considered open to new member applicants. In this status, you can reclaim your seat by becoming current with dues.
- If you become 90 days in arrears, your seat will be considered vacant and you will need to reapply for membership to The Board including paying the $50 joining fee.
Attendance
- Attendance is taken at each meeting.
- Members are required to attend or to send a representative in their stead. Note: members cannot be representatives for other members.
- Members may have up to four (4) unexcused absences in six (6) months. Additional unexcused absences will cause a forfeiture of the member’s chair.
- Members may have up to ten (10) unexcused absences in six (6) months. Additional excused absences will cause a forfeiture of the member’s chair.
Referrals & Closed Business
- The reason for the group is to give qualified referrals to other members in order help grow all of our businesses.
- While it is not required that all members pass referrals each week, referrals are tracked and reported.
- Members who have not submitted ten (10) referrals in the course of six (6) months will be contacted by the Executive Committee and Networking Skills Coach to try to help the member with networking other Board members.
- It is the responsibility of the member referring a potential customer to someone to fill out the Referral slip at the Board meeting.
- Once a piece of business has closed, it is the responsibility of the member who received that business to fill out the Thank You slip at the Board meeting. Only closed business should be reported on the Thank You slip.
- The amount of closed business reported should be the revenue recognized by the member business. For example, a realtor would report their commissions rather than the sale price of a property while a printer may report the order value. It is up the member to provide the report the appropriate amount of revenue to the group. If you have any questions on what to report, ask an Executive Committee member.
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