Establishing Good Business Relationships

The quality of your business relationships is the base that determines how smoothly your business will run, whether you are an employee or independent contractor. This https://visionsspace.com/company-management-relationship-building/ is why it’s vital to make establishing good business relationships one of your top priorities. As Robert Kiyosaki so aptly put it, «who you know is more important than what you know.» Here are some tips for maintaining and building effective business relationships.

Business Relationships

The term «business relationship» is broad and includes any kind of connection that has a bearing on the work of a business’s strategic plan. According to Pamela Rucker a professional development teacher at Harvard businesses must consider four types of business relationships: team members and stakeholders, ecosystem and industry.

To manage these relationships effectively, you must prioritise open communication and consistency. This means publishing content on thought leadership, responding to questions promptly on social media and in person or taking any other action that will serve your business partners or clients in a consultative capacity. It is also important to follow up on projects that have been completed by contacting your contacts from your business. You’ll be able to highlight your contribution and ensure that you aren’t overlooked. Never over-promise and underdeliver to your business contacts. People are more likely to trust you and make connections with your business connections when you stick to your word.

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