Can You Really Learn A Powerful Lesson About Building Relationships Just From Watching Tuesday Night Fights?Part Two

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Can You Really Learn A Powerful Lesson About Building Relationships Just From Watching Tuesday Night Fights?Part Two

As you previously discovered in part one of this series about successfully building relationships, there are an awful lot of comparisons that can be made between successfully building your on or offline business, and a brand new fighter being featured on the Tuesday night fights “Up & Coming or Just for starters” segment. Don’t you agree?

And this follow up post, will point out a few more finer details, that unfortunately (all too) often (either) get overlooked or ignored altogether!

 The All Too Erie Similarities Between Successfully Building Relationships And The Fighters Featured On Tuesday Night Fights!

As was agreed upon in part one of this post, a savvy boxing promoter would not allow one of his brand new (fresh out of the Olympics) hopefuls, go from fighting three round amateur fights, to immediately fighting ten round fights! Unless they were hell bent on short circuiting their career!

And by the same token entrepreneur, if you were (or are) a brand (translated) un proven small business owner and or service provider, seeking your all important first major bank loan.

It would be in your best interest (initially) to try and get to know your banker(s) on a more personal level first! Long before you ever attempt to borrow money from them! Get to know their pet peeves and their likes!

Find out (preferably) from a personal 30-90 minute interview, what three to five main things they want to know about (both) your individual business and or you industry in general, before they’d ever seriously consider granting a new start up, money at an extremely reasonable interest rate.

Building Successful Relationships On Or Offline Is A Full Time Job!

(Not Just A Convenient  Hobby!)

Here’s another often completely overlooked strategy for your typical unseasoned small business owner. Suppose one of your major vendors just happens to have (from time to time) some surplus inventory. (And you best believe they do from time to time!)

It would certainly be in your best interest as the “Up & coming” brand new cash starved small business owner and or service provider, to help them move (asap) as much of that surplus inventory, for as little up front cost to them as possible! Say what? That’s correct?

“Why” on earth (you skeptically) ask, would or should you help a local (far more) experienced and successful small business owner move excess inventory through your business, and do it as a special favor and basically do it at your actual cost?

There are several really sound reasons! Here are just two of them. First: Do you think your local vendor will ever forget ‘how” your helping them move excess inventory at your actual cost, that they previously thought they’d have to dramatically reduce the price and take a substantial lost on!

And now with your help and marketing expertise, they (at least) recovered 95% of their original investment! And none of their other local customers, thought to reach out to them! Especially if there’s a  prolonged nagging local recession dragging on!

Second: When the time finally comes for you to approach your local banker ( who in reality) is your vendors personal banker as well) for that all important major first loan request. “How” much do you think it will help if you just happen to have a personal letter of recommendation, from that exact same vendor!

And in it, they (both) explain  and personally advocate  (on your behalf) to their very own personal banker, ‘how” and why their willing to help you expand your current inventory levels and extending your current repayment terms from 60 to 90 days, plus supply you with an additional 25% more inventory at just 10% above their actual cost, in stead of the customary 25-40% etc!

Hopefully, you get the point! Simply by having this rather exceptional relationship with (either) one or more of your local vendors and or your local banker and or one of your vendors personal bankers etc!

You stand a much better chance of being successful. Don’t you agree? That my friend is just a small sample of the ultimate power of building relationships. 

And how you might go about strategically increasing your long term profits!Any questions?

Please list at least two simple spin off concepts (in the comments section below) that you can apply to your business, product or service in the next 30 days or less!

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