Business contacts refer to individuals or organizations that one interacts with for professional purposes. These connections can include clients, suppliers, colleagues, and industry peers. Building a network of business contacts is essential for sharing information, seeking advice, and exploring new opportunities in the business world. Maintaining strong business contacts can lead to collaborations, partnerships, and referrals. Effective communication and relationship management are key to nurturing these connections. Networking events, social media platforms like LinkedIn, and professional associations are common ways to meet and engage with potential business contacts.