“At Mac Collective we place a very important emphasis on the fact that business travel and face-to-face meetings are the most crucial aspects of growing and doing great as a startup company,” mentions Paul Macnamara, Managing Director of Mac Collective. Recently, Mac Collective went on a business trip to Atlanta. We always make the effort to travel to places where we can explore and do business with other partners in our field. Our clients know us for providing a personal touch to everything we do and tailor it to their liking. Many of our clients and business partners are in other cities and all around the world. This is one of the most important factors of business travel, the fact that we can do face-to-face communication with our influential partners and also get on our creative side to explore a new city for new business as well.
“According to an Oxford Economics study, for every dollar companies invest in business travel, they reap an average of $12.50 in increased revenue and $3.80 in profits. The study also found that the average U.S. company would forfeit 15 percent of its profits in the first year of eliminating business travel, and it would take more than three years to recoup those lost profits.” This is due to the fact that companies and business are making an effort to connect their people in their field and who can potentially become clients as well. The importance of this comes from the fact that you are on the front line and in the field communicating with partners. “Email and phone are a huge part of our world today, but what makes us different? It’s business travel and the effort to do build face to face rapport,” says Paul Macnamara of Mac Collective.
You’re also taking the initiative to build professional relationships and trust. There’s something that technology can’t do, and it can’t replace the effect of personal face-to-face meetings. Maybe FaceTime or Skype comes close, but it does not have the impact that a true one on one has. It’s because of business development strategies that have created the effect of satisfactory business relationships. Mary Kay of Mary Kay Cosmetics, “People are a company’s greatest asset. It doesn’t make any difference whether the product is cars or cosmetics. A company is only as good as the people it keeps.” This what we believe at Mac Collective, as good business comes with good travel. The factor of getting the opportunity to connect with influential, like-minded business individuals and building lasting professional relationships.