The benefits of networking go beyond just making a few good contacts to call upon, they can sometimes even make or break your business.
At a recent networking meeting the author joined a conversation between two well known businessmen – both run profit-making enterprises. The first, a former civil servant and now successful businessman, was telling the other about the importance of networking and how it had helped him. The discussion on topic was sparked when a visitor, who was new to the forum, wondered aloud whether such meetings offered any benefit beyond the opportunity to chat over a drink with others in their peer group.
Our civil servant turned businessman spoke about a time when his business was at a nascent stage. Revenue was still not steady and orders were hard to come by. The business was bleeding cash, they were spending a lot for paltry returns – production was close to 100% capacity, salaries and the creditors list made the business look far from rosy. To add to his misery Chinese manufacturers were dumping cheaper products in the Indian market. Our narrator friend said that the writing was on the wall for his company. If something wasn’t done immediately he would’ve been forced to discuss with his shareholders about winding-up the venture.
Esta historia es de la edición January - February 2018 de FWD Business.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January - February 2018 de FWD Business.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
An Intended Success
There is plenty one can learn from the life and work of Hemachandran, CEO of celebrity badminton league.
Style, Fashion and the Future
A brief summary on the evolution, sustenance and future of indian fashion industry.
Trained With Care Amoured With Skill
Careerfit 360 believes that with the right skillset anyone can achieve greatness.
Lather Rinse Repeat
There is no airing of dirty laundry here, the Washermen certainly wouldn’t allow it. Meet the men and women who have been washing Kochi’s laundry since 1720.
Every Paisa Counts
Urban legend dictates that high income earners are rich but I'd like to believe otherwise.
Schrodinger's Aadhaar
OPTIONAL AND MANDATORY AT THE SAME TIME AND RAISING ISSUES OF PRIVACY AND SECURITY THE AADHAAR DEBATE IS FAR FROM OVER.
“I Do What I Do”- Pearls Of Wisdom From An Ex-RBI Governor?
Innovation has been acknowledged as one of the key drivers of success in organisations.
The Recipe To #makesomethingnew
The monthly the kitchen collaboration & networking ( can ) event is back again.
Jaguar XE – Luxury Meets Performance
The new Jag with its punchy new engine is surely a British delight.
Women Of The Web
PEHIA IS EMPOWERING WOMEN IN TECH AND BRIDGING THE GENDER GAP IN THE INDUSTRY