Question

Discuss how people and your relationships with them can make or break you when you are starting a business?

Answer 1

Definitely, there is no doubt in the fact that people and our relationships with people play an important role in making or breaking the business that we are starting.

• Any new business needs investment; if we have good relationships with people then a good amount of initial money to start the business can be achieved through them.
• Human power in terms of ideas and helping hands can make the business when it is just staring and any founder would need such people to stand by his side.
• People and good relationships can help in networking and marketing your product. People can convey in their circle that such a product is being introduced in the market and hence word of mouth marketing can help the business grow and prosper. Also the marketing cost would be quite low in such a case.
• Also, we need to address the fact that bad relationships would mean that negative image of the business would be propagated and people would try and pull your leg.

Hence it is always considered better to have good relationships with people around from personal as well as business point of view.