SME Success Guide networking

Rule 6: Don’t be an introvert – look wider and understand the power of your network

Building a business is a challenging and demanding occupation for any individual. However, by looking externally and reaching out you could access valuable resources and support for your business. Taking time to collaborate with the right partners and third-parties could also provide a crucial fresh perspective.

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SME Success Guide networking

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Third-parties, such as business clubs, chambers of commerce, trade bodies etc, can be invaluable sources of advice and further resources. Like most people, business owners won’t be experts in everything. And although they have excelled in their given field, they may still lack knowledge in many other areas of running and growing a business. Therefore, engaging with third parties can give business owners the kinds of insight – and fresh perspectives – they need to succeed.

With such a strong and healthy population of small and medium-sized businesses in the UK, a large network of local, regional, and national business support has developed alongside it. Do some research and find out what kinds of external resources are available to your business.

At the same time, think about areas in your business you feel you may need guidance on or simply want to chat about. Being a part of a broad conversation is a sign of a healthy business and, in the uncertain aftermath of COVID-19, these kinds of relationships may be more important than ever before.

These connections can also provide some incredibly valuable psychological advantages. Running a business is an isolating experience sometimes. Having a support network around you of fellow entrepreneurs and industry professionals with similar challenges could be a real blessing for your own mental wellbeing.

Free resources

We have partnered with an industry expert to provide a free webinar that discusses how small businesses can use training and development to get the most out of their staff in greater detail. Alongside exclusive insight, attendees will get the chance to ask questions directly to our experts.

Click here to sign-up for the webinar.

Six Rules for SME Success

Small businesses will be the driving force behind the UK’s recovery from the COVID-19 crisis.

To support businesses through this period, Allica Bank has produced an independent report in partnership with the Centre for Economics & Business Research (CEBR). We have identified six key business drivers that will empower SMEs to succeed in a post-COVID world.

Each rule is backed up with actionable insight, expert analysis, and data from over 1,000 leading UK small and medium-sized businesses.

Download the SME Guide to Success

We’ll email you the guide to the address you provide below.

Why not join our webinar to learn more about investing back into your business?

“Business owners know their businesses back to front. But they can’t be expected to be experts on everything. Tap into the external resources around you to plug those gaps and propel your business.”

Chris Weller
Chief Commercial Officer at Allica Bank