Why collaboration in business is good | 1230 TWC

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Why collaboration in business is good

At the recent 1230 TWC Margate meeting, special guest speaker Paul Andrews chose “Collaboration” as his topic. It reminded me of a Blog I wrote almost a year ago to the day “Synergies and Collaboration – why would you?” Here for you to read; and this has prompted me to re-visit the topic and include some vital current statistics - so thank you Paul!

collaboration women

So let’s look first at the definition of collaboration = the action of working with someone to produce something. (Oxford Dictionaries)

Paul’s collaboration and discussions with other business owners, concluded that small (business) is beautiful and good; being a large business has potential to lose sense all of reality and this applies globally, not just UK.

A few stats:

  • Female entrepreneurship is growing in Britain, and has been since the recession of 2008 – 2011. 1.5m women in the UK are self-employed, which is an unprecedented increase of 300,000 since before the recession – that’s 80% of the new self-employed during this time.
  • Women are nearly three times as likely to collaborate with research institutions (universities in particular) than male businesses (11.4% compared with 3.8%) (ibid British Chambers of Commerce 2004).

When it comes to team building, as women we have a terrific advantage. Our style is collaborative. We connect and collaborate, do business. There’s that word again - “collaborative”.

Why would you want to collaborate with others? We simply can’t be experts in everything…

Some ideas on collaboration:

  • Look for synergies when speaking to others
  • When networking, listen to others’ 1 minute talks. For example, are you a photographer? Is there a wedding organiser in the group, or jeweller, beautician, a florist? A bride would need all these things. All these have potential for collaboration. One step further, why not put an event together.
  • Perhaps you’re a web designer and often get clients who need a logo, branding and someone in your circle can make that connection for you.
  • If you’re a solicitor who writes employment contracts, a VA could be someone who could make useful connections for you with their clients… You get the idea? Think complimentary business.

Maybe you don’t see the synergies straight away, but they’re clear when you revisit your meeting notes later – you do take notes, don’t you?

Collaborate with another person/s and your business offering is stronger, different, more successful.

Let me know how you get on!

About the Author Jackie Groundsell

Jackie Groundsell is known as the queen of women's business networking lunches - the connector. She supports thousands of small business owners through her events and lunch-time meetings

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