You may share the same locale, attend the same community meetings, and participate in the same neighborhood events, but how well do you really know your fellow small business owners?
Chatting with area business people at a bi-weekly or monthly meetings are great and proper. We’ve talked about the importance of going to community events in previous blogs. With the new year just underway, now is the perfect time to really get to know your peers better. You may be competing for the same market share, but you’d be surprised what an advantage it could be to know your nearby small business owners a little more.
Not only do you deal with the same issues – local rules and regulations as well as tax laws in your community – you probably share a lot of the same customers. So, with big business always looming, it’s crucial that small business owners join forces to attract and keep clients. You can even discuss holding events from which you would both benefit.
For starters, consider hosting a dinner with a few small business owners who are located in the same section of town, offer similar products and services, or share a common interest in the future of your business district. Choose your dinner partners carefully to ensure you have enough in common to talk pleasantly and not become argumentative in conversation.
Select a fellow small business restaurant in which to meet. Be sure to choose a time when you are all less hectic and can step away from your operations for a few hours. And be respectful of everyone’s obligations. Perhaps on an early Sunday evening, say 5:00 p.m., when you will have each other’s undivided attention.
And most important, agree to put your electronics aside while you break bread. There is no bigger sign of disrespect than looking away mid-sentence to glance at a text or IM. Besides, by mid-January the post-season rush – and most family obligations – will have passed, and you can really enjoy getting to know your fellow small business owners.
Taking time out to break bread and know each other better could result in even greater rewards down the line for your small business.
We’re keen on small businesses coming together for the benefit of all. Call Biz2Credit at (800) 200-5678, or visit www.biz2credit.com and let our experts help with your financing.