What You Will Find in this Book
“Most of what you achieve in life derives from the sum total of the people you meet and interact with in the world. Whether it’s your family, peers, or co-workers, the opportunities you have and the things that you learn all come through doors that other people open for you”.(Adapted)
-Tanner Colby
When most people hear of capital, they first and perhaps mostly think of financial capital which is the money entrepreneurs need to start businesses and to keep them in operation. Since financial capital can be difficult to access or accumulate and is a key means to building wealth, many people simply give up on themselves when it comes to working towards their own prosperity.
The good news is that there is a form of capital known as social or relationship capital which is simple to build and to accumulate. Just about everyone can build a huge amount of social capital and learn how to use their social capital to make their lives more interesting financially and in other valuable ways.
This book will show you simple ways you can use to build your own social capital. It will also show you how to put the social capital you are accumulating into use to access or to create other forms of capital, such as money, brands, human or constructed capital to build your wealth over time and to improve your life in other very meaningful ways.
The main idea about social capital is that social networks have value. Social capital refers to the collective value of all "social networks” built on the trust of people we know or are connected with and the inclinations that arise from these networks to do things for each other.
When a group of people come together to help each other and the society by enhancing their network then this practice is known as building social capital. The term ‘Social Capital’ might be new but it has been a part of human life for a long time. The basic idea of social capital was to enhance connections, share value, and trust one another. However, converting this social capital into money is another great way of being socially responsible and enjoying benefits at the same time.
The first ever concept of social capital was to unite as a community and solve major issues. However, this term has a wide meaning in today’s world including one which helps people earn money by being socially responsible. For example; you help someone on the road and that person becomes friends with you. In a few months time, that person offers you a position at his/her firm. Thus, social capital is itself an investment that proves to be fruitful in the future.
To enjoy the abounding benefits of social capital, one has to be patient and act maturely. There is no guarantee that you will enjoy benefits in a short period of time. Be nice, polite, and giving and keep your eye on the big picture; that’s the key to enjoying a variety of benefits that come by giving value to others, without hoping to get repaid.
Social networks are of great importance in our lives. Social capital relies on trust so when you help others with a pure heart, they trust your actions. This kind of social behavior is of utmost importance and results in greater bonds, value, and interactions.
Read on and learn how to convert your social capital into money!
