The Business of Relationships: Why We Get It Wrong and How to Succeed

Picture of Simone Douglas

Simone Douglas

The business of relationships is an interesting one that many overlook. We all know that relationships are important in business. In fact, they are essential for success. However, many of us don’t really understand how to build and maintain strong business relationships. We either try to take too much from people too soon, or we don’t give enough until it’s too late. In this blog post, we will discuss the importance of networking and building strategic networks for your business. We will also talk about the benefits of making deposits in the favour bank before you try and make withdrawals!

If you want to be successful in business, it’s important to start networking early. Networking events are a great way to meet new people and build relationships. However, don’t just go to these events and try to sell people on your products or services.

Instead, focus on building rapport and getting to know people. Ask them about their businesses and what they’re working on. Find out what their goals are and how you can help them achieve those goals. When you take the time to get to know someone, they will be more likely to want to do business with you in the future.

It’s also important to build strategic networks for your business. These are networks of people who can help you grow your business over time. These people may be suppliers, customers, partners, or even just friends who believe in what you’re doing. By building these networks before you need them, you’ll be able to tap into them when you’re ready to expand your business.

Finally, remember that relationships are a two-way street. If you only take from people and never give anything back, they will eventually stop doing business with you. It’s important to make deposits in the favour bank before you try and make withdrawals. When you help others achieve their goals, they will be more likely to want to help you achieve yours.

Building strong business relationships takes time and effort. However, it’s worth it because these relationships can lead to increased sales, new customers, and even new business opportunities. So, get out there and start networking! You never know where it might take you.

Networking can definitely be difficult-I’ve had my fair share of awkward conversations and run-ins with people who are only interested in themselves. But I’ve also made some great connections that have led to new opportunities, so I definitely think it’s worth the effort. Here are a few tips that have helped me:

– Follow up after meeting someone. Send them an email or LinkedIn message and mention something you talked about to show that you were listening.

– Offer help before asking for anything in return. People are more likely to want to help you if they know that you’re the type of person who is willing to help others.

– Be genuine and authentic. Nobody wants to be friends with someone who is always trying to sell them something. Be interested in getting to know people for who they are, not what they can do for you.

If you want to build some strategic networking skills , come along to one of our weekly events .

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