As a business owner, you deal with many different people on a daily basis. While most of your attention will probably be focused on your customers, employees, vendors, and others, you should not lose sight of the many other local business relationships you should be cultivating. With a little extra effort along the way, you will find these connections you make will no doubt come in handy. If you're curious as to which ones are the most important, here are a few you should consider.
When you own a business, it is absolutely vital you establish a strong and friendly relationship with at least one of your local bankers. This can be crucial, especially if you find yourself needing to rework the terms of a loan or perhaps needing extra financing for unexpected repairs or purchases. If you are on good terms with a local banker, getting the money you need becomes much easier.
No matter the type of business you have, sooner or later certain things will break down and need to be repaired or replaced. Therefore, make sure you cultivate a solid relationship with a burner service that can repair your furnace, boiler, or HVAC system. Also get in tight with plumbers, electricians, auto mechanics, computer technicians, and anyone else who can fix things that may break down at your business.
Even if you have a sterling reputation in your community as an excellent business owner, you never know when something unexpected may arise. This can be anything from a customer having an accident and deciding to sue you and your business, complications with a contract between you and one of your vendors, or perhaps tax issues that arise with the IRS. Whatever the case may be, always retain an attorney for your business who you know and trust.
When you have a good relationship with your local Chamber of Commerce, good things usually happen. For example, you can use your connections within this organization to network with other business owners, which can help expand your circle of friends within your industry. Also, your Chamber of Commerce officials are usually the first ones in your community to learn of important business developments, meaning you can learn more about your area's business climate.
As you begin to cultivate these and other important business relationships within your community, life as a business owner gets much easier. Whether you need a burner serviced or have a legal question for an attorney, having others you can turn to in these situations will give you peace of mind.