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The foundations of building strong business relationships

A key aspect of business success, is the implementation of having powerful networks and building strong business relationships. There are no real shortcuts to building relationships in the business world. One can simply not attempt the cheap and quick route in order to develop diverse and functional networks. A prime factor to consider is how valuable and worthy your people skills are. Give yourself the opportunity to step out of your comfort zone and meet with new people.

Here we discuss the foundations of building strong business relationships:

Allocation of face-to-face time

The best way to get to know someone is by physically spending time with them and constructing the relationship. This includes individuals developing relationships across the entire business and predominately with your customers. Various communication tools include emails, newsletters, blogs and phone calls. The most important tool is open communication, which is the actual time people spend directly with each other.

Understanding one another

When striking up a conversation and people are exchanging information back and forth, it’s then when people learn and discover one another’s characteristics. You need to ask your staff, customers and clients what they want and listen carefully, and in return you need to ask for feedback as well as what you want. Therefore, you need to find ways to help each other which will lead to opportunities and create quality relationships.

Spend quality time on most valuable relationships

Spending time on your most important relationships will certainly help to move your business going forward. These relationships can help achieve success in the short and long-term that will produce substantial returns. It’s crucial to be very selective when deciding which relationships you are going to develop further, as you are looking to maximise returns.

Give as much as you expect

Effective networking requires both individuals or businesses to work side-by-side, therefore you need to help others in order to receive help. People need to look out for each other and make strong connections. Someone may not be able to help you directly, however they could know someone who can, which then leads to new relationships. A business relationship demands reciprocity.

Build trust and mutual respect

Trust is the base of any superior relationship. Relationships built on trust internally and externally often prove to be the most effective as robust bonds are created. When trust is carried out, it allows people to be open and honest which leads to transparency. It is so important to value people’s thoughts and creative ideas. When people respect each other, it develops strong communication and allows for operations to run a lot smoother.

Make it a top priority to go out your way and meet up with people face-to-face as it’s so much more fun and allows you to spend valuable time with them. Investing in relationships that have been built up over time are the ones that bring success to your business. Building strong business relationships empowers you to offer and deliver your services confidently where both sides can mutually benefit.