Diving right in and starting a new business can be daunting, but with your help, you can be a supportive friend or loved one by collaborating or helping a friend’s business. Connect with your loved one’s businesses and offer the much-needed support and learn something new along the way!
What’s the best way to help a friend’s business?
One of the best ways to support your friend’s business is to spread the word about their product or service and get their name out there to help their customer base grow. So, let’s explore the various ways you can be there for those closest to you and their ventures!
Offer Helpful Advice
Knowledge is power! Having your own business can be overwhelming, but if you have more experience than your friends, discuss their areas of concern and offer valuable advice. How can you help them grow as a business? Remember that it’s all in the delivery, so if you have some criticism, couple it with meaningful advice and support their journey.
Engage With Their Social Media
Social media is essential for startups. For example, Facebook has more than 70 billion users, and 2 million small businesses use the platform for advertising. Help a friend’s business by leaving a review, sharing their posts, inviting your network to join events, and increasing their brand awareness.
Collaborate With Their Business and Your Own
What better way to help a friend’s business than a good collaboration between theirs and yours. For example, offer a discount or voucher to your friend’s business if they purchase from you and vice versa. You can host events together for both businesses and refer consumers to each other. Ensure that the collaboration is in the best interest of both companies.
Offer to Volunteer and Visit Their Events
Every startup needs a helping hand. You can help a friend’s business by volunteering your time. Even if you have an hour to spare this week, your friend will appreciate the support. Volunteering is also helpful if you are interested in the same industry, leading to future opportunities.
Pay for Your Friend’s Service
Don’t take advantage of your friend if they have a service or product you could use in your own life or business. Your friend is trying to make a living and can’t spend their time and resources on giving freebies to all their friends and family. Ensure you pay them full price, and it’s guaranteed they will feel appreciated.
Collaborating or helping a friend’s business helps set your friend up for success, and you will benefit as well. By spreading the word about your friend’s startup and widening their networking abilities, your friend will have a good start entering the business world.
Successful people are known for giving back to their communities, so embrace this moment. Who knows, your friend could be helping you at a later stage with a massive business deal or connection!