Helping Small Businesses Help Each Other!
Topic: Business Management,Growing Your Business,How-to,Small Business Tech Recs | Comments Off on Helping Small Businesses Help Each Other!
And now for our Word of The Day: Symbiosis, noun: a mutually beneficial relationship between two persons or groups.
More than ever, it’s essential that small businesses support one another. But what’s also important is how they can benefit from one another. By working together, small businesses and entrepreneurs can save time and money and more effectively compete with larger counterparts.
Today, online resources are making it incredibly easy to connect and collaborate. Take Verizon’s new WeCommerce marketplace on Facebook. After completing your free registration and profile information, you can find other businesses with which to team up, barter, trade services or sell to. As advertised, “WeCommerce makes it easier for you to grow your business without sacrificing your bottom line.”
Building these strategic relationships should be part of any smart business plan. Instead of looking at other businesses as competitors, find out what they can do for you. Chances are, you’re both more effective as partners than as adversaries.
Startupbusiness.com provides a great list of entrepreneur networks through which you can connect, share best practices and find resources from other businesses and like-minded individuals. If it’s not an exchange of services, cross-promotion can also be a cheap and effective way to spread the word about your work: 7 ideas for cross-promotion with other small businesses.
Good luck with your symbiotic relationships!
– The WorkingPoint Team