tips for business

Most 5 Effective Business Relationships Tips Of All Time

Building a business is just like being in a band, not only about its productive growth but it is more of doing well on maintaining a healthy relationship with their business partners. Though this might not be a top priority for the entrepreneurs, building a healthy business relationship is very important for running a business in the long run. Here are some most effective business relationship tips that do not need extra attention or care but just practice on a daily basis.

1. Communication Has More To Do With Transparency.

A good business relationship starts with great communication with your partner. Being more specific, it's not only about updating each other's move in business but also about updating the real scenario. Be transparent and honest in your words as it will assist positive growth towards the business target and better an understanding of each other's opinion.

2. Serious Attention To the Emotional Well Being Of Each Other.

Emotional wellbeing of your client or business partner is often misunderstood with having a great friendship or binding with the other. But the real definition would be having a good understanding of their mood in certain situations and also showing your concern for their wellbeing. There are big examples of few basic caring questions that you can use every day.

Like for example, “How are you today?”, “ Are you in a good mood or state to discuss this now?”, “ How good it is to speak now?” etc. Be connected and concerned to do a good deal. After all, values are always first than any other even when it comes to business.

3. Compliment Their Area Of Expertise.

Building confidence in each other will work great in business goals. The first step of this would be knowing each other's strengths and weaknesses. Try to compliment each other about strengths and provide feedback on their weaknesses. This will make magic to build trust and a solid base for a better partnership. Remember not to go overboard and try keeping it very genuine.

4. Take Any Step With Each Other's Concern Every Time.

Every decision you make together matters in any business. But the most crucial thing is respecting each other's opinion before making the final decision. Always make sure the number of persons involved are willing, happy and feeling the same about the business decisions. This builds mutual respect and responsible for every step taken.

5. No Blame Game Any Day.

The worst thing that could happen in any business partnerships is the blame game. Never do this any day even if someone is specifically responsible for the situation. There is never 'you' and accept it is always 'we' for better business relationships.

Business relationships are not very tough to handle, it just needs some attention and some strong motivation to keep it going well.

Enjoy - Dave

PS - Play a musical instrument - Best therapy ever.

Why it's important for you to make connections when you run a business.

It's ok to fly solo on your adventure, don't get me wrong. It is however, imperative that you get yourself out to a world of opportunities. The old saying goes ' If you scratch my back, I'll scratch yours' - this is an upstanding moto within the Business industry. Of course you will come across the odd bunch that may take advantage of you, just be aware and ready.

Here are our top 5 tips on how to get yourself out there and why.

1. Think outside your industry

This is important. It's very easy to think that you will find like minded people and mutual relationships within your industry network. It's the wrong frame of mind. They are your competitors and generally won't be looking to use your services or recommend them. They are great for tips, ideas and motivation. Not for business. Look for networking groups that have a variety of industries that attend. You are the best brand ambassador you will ever have so get yourself out there and show prospective clients just how passionate you are.

2. Be Unconventional

Look around you and take opportunities as you see them. You may be out at a restaurant and you are introduced to a friends friend and start talking only to find out that both industries align nicely. Bring up your business, start talking and making connections to people outside of networking groups. Your personal life is full of opportunities - you just need to be aware and ready.

3. Don't be hasty

It's one thing to see an opportunity and act on it, it's another thing to become too needy or frankly, annoying. Don't take an opportunity for granted. Respect it, care for it and show it love. You would not rush into anything you care for, respect or anyone you love. So don't rush into an opportunity and don't become too overwhelming to your prospective client. Take your time and know when to pounce. Patience is key, confidence is a winner. Combine them both and you have a recipe to success. 

4. Social Media Network

This is a very important part of the world now and even more important when it comes to networking. Social media such as Facebook, Twitter and Instagram are full of prospective clients, customers and business opportunities. You need to learn the ropes of the power of social media or you need to pay someone to do it for you. Either way - it needs to be done and has to be done well. If you use this tool properly, your business will benefit greatly. 

5. Follow up

This is the most important part of all. You need to follow up on your new networking clients, your social media platforms, prospect clients and anything else you have started. Timely follow up is important to maintaining a good raptor. Aim to practice a 24hr follow up with clients/customers/opportunities. 

So now that you are armed with 5 tips of better networking. Why not look around for some events this weekend that may be of interest to you and your business.