A failing business network can be a strong sign that something isn’t quite right at your company or even in your personal life. Networking has been a reliable method of growth since anyone can remember, and methods such as focusing on quality and thought diversity can help fix it.
Reach Out to Resurrect Relationships
You can be so busy that you actually begin to ghost the people in your contact list without even realising it. The pressure of the job and the daily tasks that need to be done can get in the way, and once-close contacts can begin to fade. However, you can reach out to resurrect these relationships. To further cement these friendships, occasions such as corporate events can make up for lost contact. All it takes is a quick phone call, email, or social media message.
Focus on Quality Over Quantity
Some people can have a contact list that goes into the thousands. You might also have thousands. But how many of them can actually add value to your business, and how many can you actively help in return? With limited time and resources, it’s probably not that many in either case. So what can you do? It can help to perform a network audit and trim the fat to remove those that don’t offer value while focusing on the most reliable and useful contacts you know.
Fix a Failing Business Network with Value
Networking is considered a valuable part of business by many leaders today, and one survey found that 87% of CEOs believe in-person interaction helps nurture valuable relationships. So it can be argued that networking is one of the top priorities you should have as a business owner in 2026. One of the most powerful ways to keep a network strong is to add value and be proactive about helping your contacts instead of only reaching out when you need something.
Focus on Diversity of the Mind
Diversity is a good thing when done properly and based mostly on meritocracy. Today, there is a lot of focus on diversity in the workplace, but DEI programs are being proven to have adverse effects. However, there is one powerful diversity tool that anyone can benefit from, and that’s diversity of thought. When you have “yes men” and people who think like you, your network becomes one-dimensional, and you will never get the benefits of alternate perspectives.
Develop a System for Keeping in Touch
Now that you have optimized your network, it needs to be maintained. With a shorter list of contacts, this becomes much easier, and relationships can stay solid. But how can you maintain the list of people you know? Like anything in business, you can create a schedule. For example, reach out to two people per week that you haven’t heard from for six months. You can also attend one industry event per month, and connect two people from your list every quarter.
Summary
Reaching out to resurrect fading relationships can help you fix a failing business network. It also helps to keep contacts who add value and offer value in return. However, a network must also be maintained with a system that is built on reaching out on a regular basis throughout the year.
