Why Networking Supports Business Growth

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When trying to get a business off the ground, it can seem like there are endless avenues to follow. There are different people, different ideas and different companies that might support you and help foster business growth. There are so many unknowns when starting a new business that it can be overwhelming at times. The good news is that you’re not alone.

New businesses and entrepreneurs are springing up all over the place these days. Ideas are being shared in new ways and the creativity of new companies is constantly budding. Many of these businesses start of in remote settings. They might have a small office from home or go to local cafes and libraries for work space.

Changing the Way We Work

Recently, there has been a trend towards co-working spaces. These offices bring people together from all walks of life who are looking for a space to work. Not only are they looking for a space, but to be part of a community. People might not be working on the same project, but they will have a wealth of knowledge to share. They might have had similar entrepreneurial problems, such as developing advertising on a small budget or figuring out the ins and outs of importing and exporting into a specific country.

If you are working with inventory for the first time, perhaps someone has already found tools that have worked for them. Instead of creating a new system, someone might share their stocktake template with you allowing you to spend more time optimising your inventory shipments rather than spending time on devising a new stocktake template. Moreover, you might have improvements for the stocktake template that you can share with the other person.

People are using these spaces to build a community where they can ask for advice. They can do it in a formal setting or simply over a morning coffee in the kitchen. The co-working spaces often hold events, learning programmes, community driven skill sharing workshops and even put on expert speakers that help foster business growth. Depending on the co-working space, they may even bring in lawyers and accountants for a day a week so you can ask them questions about your new business.

In addition to providing support and building community, these co-working spaces take care of small things that might be harder to find on your own than you initially realised. They provide cleaning services, printing, desks, good coffee, and meeting rooms. The meeting room perk is a serious benefit. It gives you a space to look professional and meet with potential investors or clients, without having to hire out a space in a hotel or meet them in a busy café that could be too loud. This can be beneficial to small businesses who want to focus on business growth without worrying about costs like printing or coffee supplies.

These spaces provide a foundation for networking. As a start-up, it can feel lonely sometimes. These places provide a conducive space for working, sharing, and developing a business. A community of peers is a phenomenal way to ensure your business is reaching its potential; they can provide guidance and point you in the right direction.

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Melanie - Unleashed Software

Article by Melanie Chan in collaboration with our team of Unleashed Software inventory and business specialists. Melanie has been writing about inventory management for the past three years. When not writing about inventory management, you can find her eating her way through Auckland.

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