Reasons Why You Need to Start Business RelationshipBuilding
BUSINESS RELATIONSHIP Simply mean the connections that exit between entities involved in the business process. The term business relations refers to the connections
formed between various stakeholders in the business environment, including relations between employers and employees, employers and business partners, and all the companies with which a company is associated.
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Business is the speak of now aday's media and marketers are using the key of business Relationship to growth their enterprise's.
Success and fulfillment in business rarely come outside relationship and
till you realize that on time, you
may also suffer a few failure in your business enterprise that
you shouldn’t, if you had your business relationship built.
From start-up to growth and success, business depends on relationship for development of growth, and the kind of relationship required of a business, certainly is
not the normal interpersonal relationship instead it is what is known in the media today as ‘business relationship’.
Now why do we need business
relationship building? this question certainly might look simple in your mind but the actualization of the relationship in business takes a lot of work.
Now Lets get down to see some of the reasons why you should consider business relationship building.
1) You are in Business Because of Others. There wouldn’t have been business in the first place without relationship. So business relationship starts from the reason your business is answering.
Another reason you must really give thought to strong business relationship is because of the fact that any slight change in your business niche might create an effect in your business that you may
never have thought of. The simple point here is this, your are in business for others not for
yourself.
2) Competition
Competition is not new to entrepreneurs and I believe if you are starting out into the business environment then you must consider
the place of competition before even launching out. If you understand the reason for relationship in point one above then your competition will be plain to your Relationship in business is what really keeps business from falling out or closing shop when there is fierce
competition in your niche.
3) Brand
Your brand will be as strong as the
relationship you have built. Many small business owners are yet to get the reason they need to relate with other businesses. No matter your type of business, for you are going
to build a great brand, then you need others to play along side with you.
4) Flow of Ideas
This may sound counter productive in view, but it’s not, because you will become more attuned to the way the market is responding to changes. How can that be? my simple
answer, this; your business relationship will keep you on top of the latest development.
Through that you will now be able to keep yourself informed about businesses.
5) Advice
Only losers will ignore important advice, so how this have to do with business relationship you may ask? everything. From the bankers, to
government, to all other business relationship influences. Always stick to the best of relationship to your business.
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Having checked out the above few reasons why
you should work on your enterprise
relationship, you begin wondering if your business surly deserve all this;.
You may not know the worth today, but the boom of your business actually will call for it tomorrow.
Do you think all the factors mentioned above are precise reasons for entrepreneurs to build
business relationship?
share your view.
Posted via www.schoolans.com
Yes they are Good reasons because no man is an Island, u need customer and so good business relationship helps to keep them coming
ReplyDeleteThanks for your contribution.
ReplyDeleteMy pleasure
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