Value of Team Work in Business
A one man army entrepreneurship is sure to betray a business at some point or the other. Most successful businesses get help and support both from those within and outside the peripheries of the venture. The owner of a business venture must highlight the importance of teamwork by blending it with the company's culture and business methods. Effective networking and working together with other business leaders is a fool proof method of successfully promoting a small scale enterprise.
Incorporation of Teamwork in your Business:
Teamwork involves the combined efforts of two or more people contributing different skills but sharing the same view point and working towards common aims and goals. Employees of the business must be made aware of the goals set for the enterprise and must work in such a way that catapults the business closer towards meeting these aims and targets. Mutually beneficial interactions and networking with other small business owners can be the perfect antidote to a future of long term struggle.
It is very crucial to incorporate and blend teamwork into one's business culture and working methods. Teamwork incorporates mutual respect for each other's opinions and capabilities, injects a sense of ownership and thus accountability within the employees and allows for honest communication and discussion about the issues dealt by the company.
Importance of Networking:
Building up a strong base of contacts, that can pitch in and help solving a problem at hand is what networking is all about. Being offered sound advice for problems within the purview of the contacts expertise or beneficial referrals being recommended by them can take your business a long way. Exploiting the benefits of networking will lead to the creation of an ever growing stream of contacts and referrals, building up a strong networking community in the process. This group of business owners work together in a symbiotic manner which results in mutual benefit.
Importance of Teamwork in the Marketing World:
One mutually beneficial activity that has gone completely unnoticed over the years is the concept of co-marketing. Co-marketing opens up numerous marketing opportunities making it a highly beneficial game plan. Pulling it off however requires high creative and organizational skills, but be rest assured that once it hits the mark, your business will well be on its way to the `seat of success'. Co-marketing involves sharing of customers by tagging up with other businesses that target the same market, in a complimentary manner though instead of a substitutable manner. This establishes a strong referral and mutually beneficial relationship between two ventures.
Teamwork thus seems to be the key ingredient in the recipe of a successful enterprise, be it small or large. Mutually beneficial activities like networking and co-marketing are what you should include in your game plan, if you want your business to be catapulted to success!
No. of Times this article has been viewed : 643
Date Published : Apr 13 2010
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