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The Importance Of Building A Strong Business Network

18.06.18

Your business network can play a vital role in helping you to win new contracts, raise awareness of your company and much more. There are lots of reasons why it’s vital to build a strong network, some of which we will run through here.

Increased Resources

The more connections you make, the more access to different resources you will gain. The saying goes that “it’s not what you know, it’s who you know”, and that is very true, especially in terms of business. The more relationships you have, the more opportunities to do business you have as a result.

Increased Awareness

A strong business network raises awareness of your company. The more people you know, the larger your chances of picking up new contracts or being invited to work on new projects, especially if you cast your net wide and work hard to maintain the relationships you have and remain relevant to those within your network.

Increased Trust

Being aligned with other reputable businesses and having them as a part of your business network is not only useful for what they can directly offer you, it also helps legitimise your company, making you look more genuine and therefore worthwhile working with. This is important, as it means others will perceive your business as a more trustworthy option to consider when looking for the services or products you provide.

Increased Value

While casting a wide net when it comes to connecting with other businesses and building up your business network is good, be sure not to completely forget other companies that are local to you as these may be the most important business connections you make. When it comes to working with local businesses, embrace any and all opportunities to get involved as possible. Helping and working with local companies aids in boosting the local economy, possibly contributing to your Corporate Social Responsibility, which is great for your business’ reputation.

At NJG, we are proud to be a member of NGBA (Northern Group Business Advisors), the Northern group for the national organisation UKBA. To find out more about the group and the benefits it can offer your business, please visit the NGBA website or contact us today.

SIX REASONS YOUR OVERHEADS ARE SPIRALLING AND WHAT TO DO ABOUT IT

At NJG Purchasing Services Ltd we believe that there are many basic tips and tricks which can help to reduce your company overheads with almost immediate effect.

We have produced an ebook to guide you through some of the more basic methods which you can implement alongside using NJG Purchasing Services.

Download

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As a procurement specialist for more than 30 years, I get the frustrations you face. Growing a business is complex and challenging, but don’t let high costs be your downfall.

No matter what size your business, any inefficiencies you have now will only get bigger as you grow. Getting lean and resourceful as early as possible, will enable you to build an efficient and streamlined business for the future


We understand how frustrating it is when you know your overheads are high, but you don’t have the resources or expertise to get them down.
That’s why we do it all for you.

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