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How Professional Organizations Foster Business Relationships

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Instructor: Ian Lord

Ian has an MBA and is a real estate investor, former health professions educator, and Air Force veteran.

Professional organizations foster business relationships by providing opportunities for people working in the same industry. Learn about the relationship building, education, networking, and confidence fostered in these organizations. Updated: 11/26/2021

Relationship Building

Michelle is a real estate investor who holds a real estate license and is looking to expand her professional skills. She would also like to meet new people and build more work relationships in her field. A professional organization can help her meet these goals. Let's take a look at some of the ways these groups can help members increase their skills and build professional relationships.

Professional organizations are groups made up of people in the same industry or occupation. For example, Michelle could join a real estate investment group whose membership includes agents, flippers, lenders, and contractors who work together and educate each other about the business. Or she could join a group that is exclusively made up of real estate agents. The group can be uniquely local or a national organization with local chapters.

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  • 0:02 Relationship Building
  • 0:51 Education & Networking
  • 2:18 Confidence
  • 2:53 Lesson Summary
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Education & Networking

A major benefit of professional organizations is the opportunity for education. Michelle benefits from learning about techniques, methods, and strategies from industry veterans and less experienced peers with new ideas. She can share her experiences with others informally through mentoring or even deliver formal lectures and presentations to the group. Teaching makes someone become familiar with the material and present themselves as a subject matter expert. There is an opportunity to find a mentor or become one to a less experienced group member. Organizations may also bring in outside presenters for information of interest or have access to online resources for professional development.

Networking helps Michelle develop contacts and exchange information. Unfortunately, it's easy in real life for networking to be watered down to exchanging business cards or social media contacts. To be effective, there must be relationship building. The professional organization provides these opportunities. Members educate each other and may team up to work on business ideas or projects.

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