ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Business Relationships - Why They Are Useful and How to Build Them

Updated on February 1, 2018
FirozPatel profile image

Firoz Patel is an experienced professional highly skilled at creating and cultivating professional, mutually beneficial relationships.

Building business relationships can take your company to new levels. Knowing how to create workplace relations, and understanding their importance, will not only help you cultivate these associations, but allow you to get the most out of them. This article discusses why business relationships are valuable, as well as some of the best ways to network yourself.

Importance of Business Relationships

Networking is one of the most valuable tools you will use in your life. You are constantly forming relationships and, whether they are personal or professional, they are definitely beneficial to you. Building business relationships is arguably the most important tool you use in the workforce. From the moment you apply for your first job, you begin to create networking opportunities. That first job can get you a recommendation letter, for instance, which can then get you another job, and the cycle continues. Whether you are an employee or an entrepreneur, creating strong relationships can benefit you in a lot of ways.

With twenty years corporate experience managing strategic partnerships, I have learned the importance of building strong business relationship. Meeting new people, especially those with whom you have common interests, can go a long way. Through learning how to create and manage them, I understand why building business relationships is crucial for your company. I have also learned how to build new relationships as well as cultivate existing ones.

Why Building Business Relationships is Useful?

Sometimes we tend to get comfortable with the people who we surround ourselves with. Becoming too comfortable can cause us to lose interest in meeting others, which in turn can result in missing out on worthwhile relationships. Expanding your network can open up many doors for you and your career. When building business relationships, you receive the opportunity to enrich your knowledge base and gain new experiences. These relationships are incredibly useful because they can open up an array of opportunities, including finding new hires, learning about new or unknown employee skills, or even providing valuable help with a strategy or task within your company.

The act of building business relationship is defined by having contact with other professionals in your field, or professionals whose positions work in conjunction with your own. This gives you the opportunity to ask for help if needed (and vice versa). And due to this, the owner-employee relationship is crucial for your reputation. The more contacts you meet, the stronger your reputation builds, which in turn can create more opportunities.

Creating Business Relationships

Building business relationships can be fairly intimidating, but it is not something to stress over. In fact, building these relationships can be pretty exciting. You are meeting new people that you can learn from and share ideas with, especially if they hold a position that can be useful to you (and vice versa). There are many ways that you can create these relationships, one way being through your network.

Confide in the people you already know. If you need help with something related to your position or industry, it is possible that someone you know can help you out. If not, then they may know someone else who can help and can put you in touch. This can often times ease the "making a new connection" process since you have a mutual contact in common.

Another very important tool for building business relationships is taking advantage of various networking opportunities. Attending various conferences, trade shows, meet-and-greets and any other type of networking function that will provide introductions to a wide range of professionals is a big plus. Looking into events inside your industry open up a lot of very useful doors.

An important thing to remember when building business relationships is that you need to maintain them. Checking in every now and then to see how your connections are doing keeps the relationship alive. Speaking to someone on a fairly regular basis makes him or her more inclined to help you when you are in need. Understanding the importance of business relationships, and refining the skills to build them will allow your company to progress and prosper to the upmost.

Viewer's Poll

Is it Important to Create and Manage Business Relationship?

See results

Video About Business Relationships


Submit a Comment

No comments yet.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)