Can you compete with the ‘big boys’?

It has long been recognised that for successful business to thrive, working with other businesses on a sharing or collaborative basis can give you a competitive edge but for these relationships to work, knowledge, trust and efficiency are key elements to building a collective co-op of like-minded businesses and individuals so I believe that it’s vital that small businesses look at each other as partners and not competitors.

If we as small businesses support one another by working together, we can save time and money and be more effective to compete with the ‘big boys’. Collaborative business relationships should not take away the individuality of our businesses, it simply creates the structures for us to strengthen our businesses to build a more competitive advantage.

Collaborating with others gives us the opportunities as entrepreneurs to interact and share knowledge or trends within the market. When business knowledge is strengthened and improved, it opens up more and new market opportunities, by surrounding yourself with people who understand what you’re going through, who want you to succeed, will help you to tap into the power of collaboration and support. “Great minds discuss ideas; average minds discuss events; small minds discuss people.” Eleanor Roosevelt

Experienced and successful networkers know that networking is a two-way street. So be on the lookout for connections and opportunities to help your fellow small businesses colleagues. If you bring value and opportunities to those in your network, you’ll make yourself more attractive to others like-minded people to your network and by genuinely giving business to others, you will get business in return and well able to compete with the ‘big boys’.

Lorna Burroughes
Thrive – developing connections for growth

If you want to keep up to date with networking hints and tips or would like to find out more about how to make business connections and networking in Norwich and Norfolk, please email enquiries@thrive.buzz or ring us on 01603 597727