Does business mean building relationships?
Building and maintaining relationships is crucial for business; say you have workers, if you do take any initiative to build a good relationship will affect your business in many ways.
- Lower productivity
- Dishonesty in work
- Lack of interest
- Employees leave soon.
Lower productivity
If you do not connect with your staff, they will take their job for granted and might become lazy in doing the work. The team will lose motivation to do a better position because of not gaining enough knowledge. So that will affect your productivity. Also, they will take their own time to finish a particular task because you are not there to have an eye on everything they do, and when you try to get close to them, they will have an instinct to do better work to show you off.
Dishonesty in work
The workers will lose the fear and respect for your work, and you will start to act carefree, leading to dishonesty in the work they do. They knowingly do something wrong, thinking that they can easily hide that from you because you do not have much interaction with them.
Lack of interest
When you do not maintain a good relationship with your staff, they will lose interest in their work. The moment you connect with the team and start giving some feedback while doing the job, it inspires you to get a better response. Then keeping away from the team is like giving too much freedom in doing the job.
Employees leave soon.
The enthusiastic employee does not want to work for long in a place where they get salary only and are keen on prosperity. So ultimately concluded that it is pointless to work in a place where the boss is not worried about our long-term future and then decide to leave. That costs you more expenses in finding new staff and training them.
In addition, many connections we have to make in business cannot achieve what we like. Have to maintain a good relationship with customers as they are the backbone of your business. So, lack of a good relationship makes them look for somewhere else, and they too leave you.
You might be having excellent suppliers for your products, essential to maintain a good relationship with them to help you. Such as recommending them to your friends and relations and making the payments promptly, giving good reviews for their products, all of which help you in the long run.
Marketing becomes better when you maintain other entrepreneurs in your industry when you support good relationships. You can promote their products to your audience, and they can promote your products to their audience. That results in building a more extensive community and more sales as well. So that allows you to grow your business.
Do not ever ignore your competitors if you have a good connection with them, and you can learn many ways to run your business successfully.
