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Why Networking Matters: How to Build Valuable Business Relationships

Networking is an important part of building successful business relationships. It allows individuals to connect with potential partners, investors, and customers, as well as finding mentors and employees. Networking also provides valuable opportunities to learn from and share ideas with other professionals.

How to Build a Strong Business Network

  1. Creating a strong network starts with building trust. This can be done by consistently providing value to the people in your network, listening to and understanding the needs of others, and maintaining honest communication. 
  1. Building strong relationships also requires putting in the time and effort to connect with people in person. Meeting in person and building genuine connections will help to establish trust with the people in your network.
  1. Networking events are a great way to meet people in your industry and make valuable connections. Events can provide valuable opportunities to meet potential partners and investors, learn from other professionals, and share your ideas with a larger audience. 
  1. Social media and online platforms can also be used to build relationships and connect with potential partners and customers.
  1. Joining a founders community can be a great way to connect with other founders and entrepreneurs. Communities like these provide valuable opportunities to connect with like-minded individuals, share experiences, and collaborate on projects. EZAdvisory Founders Community is a good example.

In conclusion, networking is an invaluable tool for building valuable business relationships. Developing relationships will require dedication and effort, but it can lead to great rewards for both businesses and individuals.

Business Strategy

The Best Way To Create A Growth Strategy Plan

Ideas are fantastic, and amazing ideas are indeed greatly needed in business, but the execution of these fantastic ideas is what counts.

No big organization,firm, business or even startup attain great heights today by having great ideas rather than by strategically implementing these ideas.

Growth strategies, when done correctly, lead to more effective use of your marketing budget and more effective/impactful marketing campaigns

In this article, you will see ways to create a strategic growth plan that will upscale your business drastically for growth.

Creating a growth marketing plan will give you a trip itinerary that puts you on the most direct route to achieving brand growth

Let’s dive in fully

Growth strategy arrangement may be a long-term, key strategy that works to assist brands accomplish feasible, quantifiable growth. It may be an all encompassing and data-driven approach that leverages end-to-end pipe optimization to discover, pull in, change over, hold, and develop buyers into faithful brand advocates and evangelists.

Growth can be a moderate, difficult trudge, particularly for SaaS, fintech, and startups businesses whose deal cycles are broad. A few brands will spend noteworthy time on a single strategy, and when it doesn’t work, they discover themselves back at square one. That’s where growth strategy comes in. Once you construct a growth strategy guide, you account for the time it takes to attain your objectives — presently, tomorrow, and within the future.

The following steps should be considered in creating a strategic growth plan;

Market penetration.
This tactic’s goal is to boost sales of currently offered goods and services on active markets, which will raise your market share.

Market development.
This entails boosting sales of currently offered goods or services in untapped markets. Market expansion entails analyzing how to expand an existing market or how to sell a company’s current offer on new markets. This can be done by several client segments.

Product development.
Launching new goods or services on already-existing markets is the goal. Product development can be used to expand the offer given to current clients in an effort to boost sales.

This entails the introduction of fresh goods or services on untapped marketplaces. The riskiest tactic is diversification. It entails the corporation offering brand-new goods and services on a fully untapped market.

At EZAdvisory, we pride ourselves in helping companies explore strategic ways to drive growth for their businesses. To better reach more organizations we will be hosting a premium city to city Bootcamp with its first edition to take place in Ibadan City on the 6th September, 2022.

An intensive training for business to retool and restrategize their business for growth, click the link below to know more about this

Hurry as seats are filling up!

EZAdvisory's Business Growth Management Service has launched. We do all the work (from strategy to marketing and sales), you focus on serving customers and developing your product/operations. Curious to know if this would work for your business/startup?

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