a formal or informal group of three or more small and medium-sized enterprises (SMEs) that cooperate and undertake projects or actions that will enhance their competitive edge

a group of already successful small and medium-sized enterprises (SMEs) that cooperate and collaborate to seek new business opportunities

a group of professionals in related but non-competing industries that meet regularly to exchange ideas and referrals

a group of three or more small and medium-sized enterprises (SMEs) that decide to cooperate as a group in order to undertake projects, regionally, nationally, or globally, that no member of the group could really do successfully by themselves

A business network can be defined as a group of people that have some kind of commercial relationship. For example the relationships between boss-employee, buyer-supplier, and colleague-colleague. According to experts, business networking functions best when individuals offer to help others to find connections, rather than "cold-calling" on prospects themselves.