In today’s fast-paced business landscape, no one will remember a name in mere passing. If you don’t stand out, you won’t be memorable. From casual conversations to podium presentations, whatever you say will only have an impact if it registers and is remembered by the audience after you are done talking. As entrepreneurs and founders, you need to be extremely skilled at networking with people throughout your journey. Networking for entrepreneurs is now more about strategy, growth, and opportunities than it is about casual interactions. From LinkedIn messages to physical events, effective networking is not just an option but a necessity for entrepreneurs. Many a times, the idea of “it’s not what you know, but who you know,” comes into play as well, where even if you have good ideas, they are of no use if no one hears about them.
In this article, we will delve into networking for entrepreneursand explore why it is important alongside diving deeper into tips for entrepreneurs to network more effectively.
Why is Networking for Entrepreneurs Important?
Although it is still a major chunk of the process, networking is much more than just exchanging business cards or making small talk at events. Networking is about cultivating authentic relationships with others and utilizing those relationships to add value to your personal and professional lives. Networking with renowned individuals and like-minded entrepreneurs can create opportunities for new jobs, partnerships, mentorship, and investment for entrepreneurs, especially the ones starting out. For entrepreneurs who are starting out, networking can create pathways to potential investors, advisors, and even co-founders. For freelancers who also identify as entrepreneurs and are growing their business, networking can provide leads to find potential clients, partnerships, and platforms. In a nutshell, networking has the potential to open doors that might otherwise remain closed.
What are Some Tips About Networking for Entrepreneurs?
Here are tips to improve and grow from networking for entrepreneurs:
Tip 1: Define your Goals
Like starting your business, even with networking, you must define your goals from the very beginning. You need to start with a clear understanding of what you want to achieve through networking and then prepare to do it. Whether it is seeking funding, clients, partnerships, insights, or just simple communication, you need to know what you want before going in. These networking goals can be qualitative or quantitative based on what you and your business need. If you are just starting out and require funding and mentorship, your networking goals will need to be more quantitative. You will go in with the agenda of basing your experiences on numbers. For instance, you would want to talk to at least 20 investors and present your elevator pitch at least 10 times, whilst asking for $XXXX amount. However, if you are a seasoned entrepreneur, your networking goals will focus more on making meaningful and long-term connections and further growing your company, as opposed to trying to establish yourself. Networking for entrepreneurs will always be effective if specific goals have been set as they will help keep the entrepreneur on track and provide data to measure success as well.
Tip 2: Leverage Digital Platforms
Before you go out and talk to people, you need to establish a searchable presence of yourself that you can push people towards as a call to action. And in today’s day and age, establishing a presence online is one of the most fundamental and vital steps of networking for entrepreneurs. Whether it is creating a professionally sound profile on LinkedIn or a more personal and realistic one on Instagram, you need to focus on creating a profile that people can go back to after (or even while) they speak with you. Through this presence, you need to showcase your expertise, interests, and aspirations. You also need to be consistent and continue posting on your profiles to ensure that whenever someone uses your business card to reach those profiles, they see new content. You must also remember to join industry-specific forums to connect with like-minded individuals and entrepreneurs in the same boat as you.
Tip 3: Be Prepared for Everything
Whether it is meeting potential investors or attending a panel discussion about a topic you are not well versed in, research is a must. Networking for entrepreneurs is a lot of execution, but it is also an immense amount of preparation. If you are meeting seasoned venture capitalists or angel investors, you need to know their businesses, working styles, and stories. You must do your homework and prove to the people you meet that you are prepared and diligent enough to put in an effort before the event. Remember to prepare an elevator pitch of your brand and market yourself alongside it. Also, pre-decide some questions you want to ask the speakers at the events while making sure you are aware of the notable topics that will be discussed. Take notes during the talks and then use them to create social media posts about your attendance at the event to follow up with the people you met as well as improve your credibility.
Tip 4: Mark your Attendance
Even if it feels like a chore sometimes, save that invitation, do that RSVP, and go out there. Even if it feels like you have not made major progress or feel exhausted from all the socializing, remember to keep at it. If you won’t be seen, you won’t look keen. So, you must keep attending events and talking to more people. You need to attend a variety of events, even if they are not completely related to your business. Networking for entrepreneurs requires stepping outside the box, and you must do so by broadening your horizons and RSVPing to events that are different. Make sure you are dressed to the occasion and not overtly fancy or severely casual. Since events are more accessible, they are also conducted in a low-pressure environment – there is no looming deadline or angry boss who will be affected if you don’t stay long enough. If you cannot make it physically, look for events that can be joined remotely or panels that are held on Zoom because geography should never be the reason you cannot talk to people.
Tip 5: Make your Voice Powerful
Networking for entrepreneurs isn't just about talking; it's also about listening. You will need to master the art of conversation when you network with strangers and especially the ones with more experience. For this, you will need to make sure your voice is powerful, and you are heard with a powerful voice. Remember to sound confident (even if you are feeling it) and put your ideas forward with passion. You need to create a presence and use your entire body to be in touch with your words. Pay attention to the way you breathe while speaking to ensure your main points get the emphasis they deserve. Furthermore, activate your voice and ensure that you are heard “fully” instead of just “loudly.” Stay calm and show a genuine interest in others while engaging them in meaningful conversations that go beyond surface-level topics.
Tip 6: Follow up, Friend
After a networking event or an initial interaction, don't forget to follow up. Even if you made an impact, you must follow up with the people you met so they recognize and remember you. Networking events, especially physical ones, require a lot of attention and you always end up meeting more people than you can ever remember. In such cases, make sure you give out your business card and have your name tag ready. Even carry a personalized name tag if you can so you stand out and get the chance to be remembered as the person with their “personalized brand tag.” After the event, find the people you met on LinkedIn and send them connection requests. Remember to send the request with a personalized message expressing your interest in staying connected and nurturing the relationship.
Tip 7: Value Goes Both Ways
Networking is a two-way street. If you go in expecting to make good connections and forge long term partnerships with them, be ready that others will have the same expectation from you as well. If you want to get people to listen to what you have to say, you also need to give them the attention they deserve. As for conversation, be prepared to offer value with your insights, experiences, and fruitful discussions. A willingness to contribute can leave a lasting impression. Networking for entrepreneurs is a way to grow, however, that can only be possible if they are willing to be give alongside taking. If you have opportunities, ideas, or feedback to give, you should do it. Even after the networking session is complete, add value to your connections’ lives by following up with material or content you think they might find interesting. If you discussed something in particular, send across more information about that to keep the conversation going. Remember that networking for entrepreneurs can be fruitful as long as both parties put in the effort.
Tip 8: Connections > Conversations
Even though networking for entrepreneurs is all about making an impression and having conversations, it is so much more than that. In the long run, connections should overpower conversations. You should focus on building relationships instead of transactions that will have value only till the moment lasts. If you have conversations only in the moment, neither you nor the other party will remember or think much of it after you leave the venue. Focus on building genuine relationships rather than viewing networking as a transactional activity. Authentic connections are more likely to lead to meaningful opportunities in the long run. If a person truly likes you and your goals, they will most likely align with them, even if you spoke for a brief amount of time.
Tip 9: Look for Mentoring
Whether it is advice in the business planning stage or in the fundraising stage, mentorship and guidance is always going to be a vital aspect of networking for entrepreneurs. Through networking, entrepreneurs can find likeminded individuals who are more experienced and connect with them to raise their knowledge. Even if your idea is solid, it can always be tweaked and improved. While if you are looking for funding, it makes a lot of sense to request advice from your investors first. This not only gives you access to their knowledge but also creates a smoother part for you to pitch your idea(s) to them. For student entrepreneurs or people who are creating a business model canvas for the first time, there are tools and platforms that can be used. One such examples is Mentogram, a career mentoring platform that aims to bridge the skills gap between higher education and industry while helping entrepreneurs meet new mentors along their businessjourney.
Tip 10: Step Outside your Comfort Zone
As simple as it sounds, this is easily one of the most forgotten tips when speaking about networking for entrepreneurs. Stepping outside your comfort zone not only means meeting new people and socializing more, but it also means putting yourself in uncomfortable situations, so you grow. As counter intuitive as that sounds, you must feel uncomfortable in a room full of strangers before you can make your place amongst all of them. Besides that, remember to look for opportunities that will not come your way on their own. Go out of your way to look for events to attend and forums to join that are not directly related to you and your brand to meet new kinds of people and learn from them. Sometimes taking the tiniest risks can lead to the biggest successes.
What are the Benefits of Networking for Entrepreneurs?
Networking for Entrepreneurs can have many benefits for you and your brand in the long run.
Connecting with Co-Founders: Networking can help you find co-founders who complement your skills and share your vision, increasing the likelihood of startup success. For instance, this was evident in Rachiket Arya’s story, (recent Doerscircle masterclass speaker), where he discussed his startup, Jackett. Rachiket focused on joining the Entrepreneur First incubator program to meet other founders and test his idea out before committing to it. He networked with people and met Charlotte Trudgill in the program, with whom he went onto co-found Jackett with.
Finding Investors: Networking events offer opportunities to connect with potential investors who are interested in innovative ideas and passionate entrepreneurs. Not only can you learn from them, but you can also raise sufficient amount of funds across funding rounds to successfully grow your business.
Accessing Industry Insights: Engaging with experienced professionals can provide valuable insights into market trends, customer preferences, and industry challenges. Even though secondary research could provide you with facts, conversations amidst others in the industry would give you human insights that would be hard to find anywhere else.
Showcasing Skills & Securing Clients: Networking events provide a platform to showcase your expertise and skills, making it easier for potential clients to find you. Building a network of potential clients and collaborators can then lead to steady project opportunities and long-term partnerships. Handing out your business cards and following up with your portfolio can land you clients because of your talent and diligence in making sure you remember(ed) what you first spoke to the other party about when networking.
Learning from Peers: Interacting with fellow entrepreneurs can offer insights into the best practices, pricing strategies, and effective client communication.
How Can Entrepreneurs Overcome Networking Challenges?
Networking for entrepreneurs is rewarding but it isn't always smooth sailing. For entrepreneurs who are networking for the first time or feel out of place in large crowds, it may feel overwhelming and like a waste of time at first. However, there are ways to overcome these challenges:
Start Small: Begin with smaller events or one-on-one interactions to ease into networking gradually.
Focus on Quality: It's not about collecting a massive number of contacts; focus on building meaningful relationships.
Practice Consistency: Regular networking efforts, even if they're small, can yield substantial results over time.
Prepare Earlier: Prepare questions or conversation starters before the event in case you are nervous.
Take Notes: Networking isn’t a test. Write down interesting things you hear throughout the event and journal whatever stand out to you.
Closing Thoughts on Networking for Entrepreneurs
Networking for entrepreneurs has evolved into a powerful tool that offers opportunities for growth, collaboration, and knowledge-sharing. By defining goals, employing effective strategies, and embracing the value of authentic connections, entrepreneurs can leverage networking to open doors, explore possibilities, and fuel their professional journeys. Networking for entrepreneurs has the potential to be a game-changer in the modern business landscape. So, go ahead, step out of your comfort zone, and start building those meaningful connections that could shape your future success.
Networking for Entrepreneurs - Tips & Benefits of Networking by Doerscircle
Although networking is necessary, it needs to be done well by entrepreneurs to become memorable. But fret not! Here are tips about networking for entrepreneurs to help you grow personally and professionally!
In today’s fast-paced business landscape, no one will remember a name in mere passing. If you don’t stand out, you won’t be memorable. From casual conversations to podium presentations, whatever you say will only have an impact if it registers and is remembered by the audience after you are done talking. As entrepreneurs and founders, you need to be extremely skilled at networking with people throughout your journey. Networking for entrepreneurs is now more about strategy, growth, and opportunities than it is about casual interactions. From LinkedIn messages to physical events, effective networking is not just an option but a necessity for entrepreneurs. Many a times, the idea of “it’s not what you know, but who you know,” comes into play as well, where even if you have good ideas, they are of no use if no one hears about them.
In this article, we will delve into networking for entrepreneursand explore why it is important alongside diving deeper into tips for entrepreneurs to network more effectively.
Why is Networking for Entrepreneurs Important?
Although it is still a major chunk of the process, networking is much more than just exchanging business cards or making small talk at events. Networking is about cultivating authentic relationships with others and utilizing those relationships to add value to your personal and professional lives. Networking with renowned individuals and like-minded entrepreneurs can create opportunities for new jobs, partnerships, mentorship, and investment for entrepreneurs, especially the ones starting out. For entrepreneurs who are starting out, networking can create pathways to potential investors, advisors, and even co-founders. For freelancers who also identify as entrepreneurs and are growing their business, networking can provide leads to find potential clients, partnerships, and platforms. In a nutshell, networking has the potential to open doors that might otherwise remain closed.
What are Some Tips About Networking for Entrepreneurs?
Here are tips to improve and grow from networking for entrepreneurs:
Tip 1: Define your Goals
Like starting your business, even with networking, you must define your goals from the very beginning. You need to start with a clear understanding of what you want to achieve through networking and then prepare to do it. Whether it is seeking funding, clients, partnerships, insights, or just simple communication, you need to know what you want before going in. These networking goals can be qualitative or quantitative based on what you and your business need. If you are just starting out and require funding and mentorship, your networking goals will need to be more quantitative. You will go in with the agenda of basing your experiences on numbers. For instance, you would want to talk to at least 20 investors and present your elevator pitch at least 10 times, whilst asking for $XXXX amount. However, if you are a seasoned entrepreneur, your networking goals will focus more on making meaningful and long-term connections and further growing your company, as opposed to trying to establish yourself. Networking for entrepreneurs will always be effective if specific goals have been set as they will help keep the entrepreneur on track and provide data to measure success as well.
Tip 2: Leverage Digital Platforms
Before you go out and talk to people, you need to establish a searchable presence of yourself that you can push people towards as a call to action. And in today’s day and age, establishing a presence online is one of the most fundamental and vital steps of networking for entrepreneurs. Whether it is creating a professionally sound profile on LinkedIn or a more personal and realistic one on Instagram, you need to focus on creating a profile that people can go back to after (or even while) they speak with you. Through this presence, you need to showcase your expertise, interests, and aspirations. You also need to be consistent and continue posting on your profiles to ensure that whenever someone uses your business card to reach those profiles, they see new content. You must also remember to join industry-specific forums to connect with like-minded individuals and entrepreneurs in the same boat as you.
Tip 3: Be Prepared for Everything
Whether it is meeting potential investors or attending a panel discussion about a topic you are not well versed in, research is a must. Networking for entrepreneurs is a lot of execution, but it is also an immense amount of preparation. If you are meeting seasoned venture capitalists or angel investors, you need to know their businesses, working styles, and stories. You must do your homework and prove to the people you meet that you are prepared and diligent enough to put in an effort before the event. Remember to prepare an elevator pitch of your brand and market yourself alongside it. Also, pre-decide some questions you want to ask the speakers at the events while making sure you are aware of the notable topics that will be discussed. Take notes during the talks and then use them to create social media posts about your attendance at the event to follow up with the people you met as well as improve your credibility.
Tip 4: Mark your Attendance
Even if it feels like a chore sometimes, save that invitation, do that RSVP, and go out there. Even if it feels like you have not made major progress or feel exhausted from all the socializing, remember to keep at it. If you won’t be seen, you won’t look keen. So, you must keep attending events and talking to more people. You need to attend a variety of events, even if they are not completely related to your business. Networking for entrepreneurs requires stepping outside the box, and you must do so by broadening your horizons and RSVPing to events that are different. Make sure you are dressed to the occasion and not overtly fancy or severely casual. Since events are more accessible, they are also conducted in a low-pressure environment – there is no looming deadline or angry boss who will be affected if you don’t stay long enough. If you cannot make it physically, look for events that can be joined remotely or panels that are held on Zoom because geography should never be the reason you cannot talk to people.
Tip 5: Make your Voice Powerful
Networking for entrepreneurs isn't just about talking; it's also about listening. You will need to master the art of conversation when you network with strangers and especially the ones with more experience. For this, you will need to make sure your voice is powerful, and you are heard with a powerful voice. Remember to sound confident (even if you are feeling it) and put your ideas forward with passion. You need to create a presence and use your entire body to be in touch with your words. Pay attention to the way you breathe while speaking to ensure your main points get the emphasis they deserve. Furthermore, activate your voice and ensure that you are heard “fully” instead of just “loudly.” Stay calm and show a genuine interest in others while engaging them in meaningful conversations that go beyond surface-level topics.
Tip 6: Follow up, Friend
After a networking event or an initial interaction, don't forget to follow up. Even if you made an impact, you must follow up with the people you met so they recognize and remember you. Networking events, especially physical ones, require a lot of attention and you always end up meeting more people than you can ever remember. In such cases, make sure you give out your business card and have your name tag ready. Even carry a personalized name tag if you can so you stand out and get the chance to be remembered as the person with their “personalized brand tag.” After the event, find the people you met on LinkedIn and send them connection requests. Remember to send the request with a personalized message expressing your interest in staying connected and nurturing the relationship.
Tip 7: Value Goes Both Ways
Networking is a two-way street. If you go in expecting to make good connections and forge long term partnerships with them, be ready that others will have the same expectation from you as well. If you want to get people to listen to what you have to say, you also need to give them the attention they deserve. As for conversation, be prepared to offer value with your insights, experiences, and fruitful discussions. A willingness to contribute can leave a lasting impression. Networking for entrepreneurs is a way to grow, however, that can only be possible if they are willing to be give alongside taking. If you have opportunities, ideas, or feedback to give, you should do it. Even after the networking session is complete, add value to your connections’ lives by following up with material or content you think they might find interesting. If you discussed something in particular, send across more information about that to keep the conversation going. Remember that networking for entrepreneurs can be fruitful as long as both parties put in the effort.
Tip 8: Connections > Conversations
Even though networking for entrepreneurs is all about making an impression and having conversations, it is so much more than that. In the long run, connections should overpower conversations. You should focus on building relationships instead of transactions that will have value only till the moment lasts. If you have conversations only in the moment, neither you nor the other party will remember or think much of it after you leave the venue. Focus on building genuine relationships rather than viewing networking as a transactional activity. Authentic connections are more likely to lead to meaningful opportunities in the long run. If a person truly likes you and your goals, they will most likely align with them, even if you spoke for a brief amount of time.
Tip 9: Look for Mentoring
Whether it is advice in the business planning stage or in the fundraising stage, mentorship and guidance is always going to be a vital aspect of networking for entrepreneurs. Through networking, entrepreneurs can find likeminded individuals who are more experienced and connect with them to raise their knowledge. Even if your idea is solid, it can always be tweaked and improved. While if you are looking for funding, it makes a lot of sense to request advice from your investors first. This not only gives you access to their knowledge but also creates a smoother part for you to pitch your idea(s) to them. For student entrepreneurs or people who are creating a business model canvas for the first time, there are tools and platforms that can be used. One such examples is Mentogram, a career mentoring platform that aims to bridge the skills gap between higher education and industry while helping entrepreneurs meet new mentors along their businessjourney.
Tip 10: Step Outside your Comfort Zone
As simple as it sounds, this is easily one of the most forgotten tips when speaking about networking for entrepreneurs. Stepping outside your comfort zone not only means meeting new people and socializing more, but it also means putting yourself in uncomfortable situations, so you grow. As counter intuitive as that sounds, you must feel uncomfortable in a room full of strangers before you can make your place amongst all of them. Besides that, remember to look for opportunities that will not come your way on their own. Go out of your way to look for events to attend and forums to join that are not directly related to you and your brand to meet new kinds of people and learn from them. Sometimes taking the tiniest risks can lead to the biggest successes.
What are the Benefits of Networking for Entrepreneurs?
Networking for Entrepreneurs can have many benefits for you and your brand in the long run.
Connecting with Co-Founders: Networking can help you find co-founders who complement your skills and share your vision, increasing the likelihood of startup success. For instance, this was evident in Rachiket Arya’s story, (recent Doerscircle masterclass speaker), where he discussed his startup, Jackett. Rachiket focused on joining the Entrepreneur First incubator program to meet other founders and test his idea out before committing to it. He networked with people and met Charlotte Trudgill in the program, with whom he went onto co-found Jackett with.
Finding Investors: Networking events offer opportunities to connect with potential investors who are interested in innovative ideas and passionate entrepreneurs. Not only can you learn from them, but you can also raise sufficient amount of funds across funding rounds to successfully grow your business.
Accessing Industry Insights: Engaging with experienced professionals can provide valuable insights into market trends, customer preferences, and industry challenges. Even though secondary research could provide you with facts, conversations amidst others in the industry would give you human insights that would be hard to find anywhere else.
Showcasing Skills & Securing Clients: Networking events provide a platform to showcase your expertise and skills, making it easier for potential clients to find you. Building a network of potential clients and collaborators can then lead to steady project opportunities and long-term partnerships. Handing out your business cards and following up with your portfolio can land you clients because of your talent and diligence in making sure you remember(ed) what you first spoke to the other party about when networking.
Learning from Peers: Interacting with fellow entrepreneurs can offer insights into the best practices, pricing strategies, and effective client communication.
How Can Entrepreneurs Overcome Networking Challenges?
Networking for entrepreneurs is rewarding but it isn't always smooth sailing. For entrepreneurs who are networking for the first time or feel out of place in large crowds, it may feel overwhelming and like a waste of time at first. However, there are ways to overcome these challenges:
Start Small: Begin with smaller events or one-on-one interactions to ease into networking gradually.
Focus on Quality: It's not about collecting a massive number of contacts; focus on building meaningful relationships.
Practice Consistency: Regular networking efforts, even if they're small, can yield substantial results over time.
Prepare Earlier: Prepare questions or conversation starters before the event in case you are nervous.
Take Notes: Networking isn’t a test. Write down interesting things you hear throughout the event and journal whatever stand out to you.
Closing Thoughts on Networking for Entrepreneurs
Networking for entrepreneurs has evolved into a powerful tool that offers opportunities for growth, collaboration, and knowledge-sharing. By defining goals, employing effective strategies, and embracing the value of authentic connections, entrepreneurs can leverage networking to open doors, explore possibilities, and fuel their professional journeys. Networking for entrepreneurs has the potential to be a game-changer in the modern business landscape. So, go ahead, step out of your comfort zone, and start building those meaningful connections that could shape your future success.
Unlock a wealth of exclusive content
Join us and get unlimited access to a wealth of subscriber-only articles that cover a diverse range of topics, from industry trends and insights to expert tips and advice.
In today’s fast-paced business landscape, no one will remember a name in mere passing. If you don’t stand out, you won’t be memorable. From casual conversations to podium presentations, whatever you say will only have an impact if it registers and is remembered by the audience after you are done talking. As entrepreneurs and founders, you need to be extremely skilled at networking with people throughout your journey. Networking for entrepreneurs is now more about strategy, growth, and opportunities than it is about casual interactions. From LinkedIn messages to physical events, effective networking is not just an option but a necessity for entrepreneurs. Many a times, the idea of “it’s not what you know, but who you know,” comes into play as well, where even if you have good ideas, they are of no use if no one hears about them.
In this article, we will delve into networking for entrepreneursand explore why it is important alongside diving deeper into tips for entrepreneurs to network more effectively.
Why is Networking for Entrepreneurs Important?
Although it is still a major chunk of the process, networking is much more than just exchanging business cards or making small talk at events. Networking is about cultivating authentic relationships with others and utilizing those relationships to add value to your personal and professional lives. Networking with renowned individuals and like-minded entrepreneurs can create opportunities for new jobs, partnerships, mentorship, and investment for entrepreneurs, especially the ones starting out. For entrepreneurs who are starting out, networking can create pathways to potential investors, advisors, and even co-founders. For freelancers who also identify as entrepreneurs and are growing their business, networking can provide leads to find potential clients, partnerships, and platforms. In a nutshell, networking has the potential to open doors that might otherwise remain closed.
What are Some Tips About Networking for Entrepreneurs?
Here are tips to improve and grow from networking for entrepreneurs:
Tip 1: Define your Goals
Like starting your business, even with networking, you must define your goals from the very beginning. You need to start with a clear understanding of what you want to achieve through networking and then prepare to do it. Whether it is seeking funding, clients, partnerships, insights, or just simple communication, you need to know what you want before going in. These networking goals can be qualitative or quantitative based on what you and your business need. If you are just starting out and require funding and mentorship, your networking goals will need to be more quantitative. You will go in with the agenda of basing your experiences on numbers. For instance, you would want to talk to at least 20 investors and present your elevator pitch at least 10 times, whilst asking for $XXXX amount. However, if you are a seasoned entrepreneur, your networking goals will focus more on making meaningful and long-term connections and further growing your company, as opposed to trying to establish yourself. Networking for entrepreneurs will always be effective if specific goals have been set as they will help keep the entrepreneur on track and provide data to measure success as well.
Tip 2: Leverage Digital Platforms
Before you go out and talk to people, you need to establish a searchable presence of yourself that you can push people towards as a call to action. And in today’s day and age, establishing a presence online is one of the most fundamental and vital steps of networking for entrepreneurs. Whether it is creating a professionally sound profile on LinkedIn or a more personal and realistic one on Instagram, you need to focus on creating a profile that people can go back to after (or even while) they speak with you. Through this presence, you need to showcase your expertise, interests, and aspirations. You also need to be consistent and continue posting on your profiles to ensure that whenever someone uses your business card to reach those profiles, they see new content. You must also remember to join industry-specific forums to connect with like-minded individuals and entrepreneurs in the same boat as you.
Tip 3: Be Prepared for Everything
Whether it is meeting potential investors or attending a panel discussion about a topic you are not well versed in, research is a must. Networking for entrepreneurs is a lot of execution, but it is also an immense amount of preparation. If you are meeting seasoned venture capitalists or angel investors, you need to know their businesses, working styles, and stories. You must do your homework and prove to the people you meet that you are prepared and diligent enough to put in an effort before the event. Remember to prepare an elevator pitch of your brand and market yourself alongside it. Also, pre-decide some questions you want to ask the speakers at the events while making sure you are aware of the notable topics that will be discussed. Take notes during the talks and then use them to create social media posts about your attendance at the event to follow up with the people you met as well as improve your credibility.
Tip 4: Mark your Attendance
Even if it feels like a chore sometimes, save that invitation, do that RSVP, and go out there. Even if it feels like you have not made major progress or feel exhausted from all the socializing, remember to keep at it. If you won’t be seen, you won’t look keen. So, you must keep attending events and talking to more people. You need to attend a variety of events, even if they are not completely related to your business. Networking for entrepreneurs requires stepping outside the box, and you must do so by broadening your horizons and RSVPing to events that are different. Make sure you are dressed to the occasion and not overtly fancy or severely casual. Since events are more accessible, they are also conducted in a low-pressure environment – there is no looming deadline or angry boss who will be affected if you don’t stay long enough. If you cannot make it physically, look for events that can be joined remotely or panels that are held on Zoom because geography should never be the reason you cannot talk to people.
Tip 5: Make your Voice Powerful
Networking for entrepreneurs isn't just about talking; it's also about listening. You will need to master the art of conversation when you network with strangers and especially the ones with more experience. For this, you will need to make sure your voice is powerful, and you are heard with a powerful voice. Remember to sound confident (even if you are feeling it) and put your ideas forward with passion. You need to create a presence and use your entire body to be in touch with your words. Pay attention to the way you breathe while speaking to ensure your main points get the emphasis they deserve. Furthermore, activate your voice and ensure that you are heard “fully” instead of just “loudly.” Stay calm and show a genuine interest in others while engaging them in meaningful conversations that go beyond surface-level topics.
Tip 6: Follow up, Friend
After a networking event or an initial interaction, don't forget to follow up. Even if you made an impact, you must follow up with the people you met so they recognize and remember you. Networking events, especially physical ones, require a lot of attention and you always end up meeting more people than you can ever remember. In such cases, make sure you give out your business card and have your name tag ready. Even carry a personalized name tag if you can so you stand out and get the chance to be remembered as the person with their “personalized brand tag.” After the event, find the people you met on LinkedIn and send them connection requests. Remember to send the request with a personalized message expressing your interest in staying connected and nurturing the relationship.
Tip 7: Value Goes Both Ways
Networking is a two-way street. If you go in expecting to make good connections and forge long term partnerships with them, be ready that others will have the same expectation from you as well. If you want to get people to listen to what you have to say, you also need to give them the attention they deserve. As for conversation, be prepared to offer value with your insights, experiences, and fruitful discussions. A willingness to contribute can leave a lasting impression. Networking for entrepreneurs is a way to grow, however, that can only be possible if they are willing to be give alongside taking. If you have opportunities, ideas, or feedback to give, you should do it. Even after the networking session is complete, add value to your connections’ lives by following up with material or content you think they might find interesting. If you discussed something in particular, send across more information about that to keep the conversation going. Remember that networking for entrepreneurs can be fruitful as long as both parties put in the effort.
Tip 8: Connections > Conversations
Even though networking for entrepreneurs is all about making an impression and having conversations, it is so much more than that. In the long run, connections should overpower conversations. You should focus on building relationships instead of transactions that will have value only till the moment lasts. If you have conversations only in the moment, neither you nor the other party will remember or think much of it after you leave the venue. Focus on building genuine relationships rather than viewing networking as a transactional activity. Authentic connections are more likely to lead to meaningful opportunities in the long run. If a person truly likes you and your goals, they will most likely align with them, even if you spoke for a brief amount of time.
Tip 9: Look for Mentoring
Whether it is advice in the business planning stage or in the fundraising stage, mentorship and guidance is always going to be a vital aspect of networking for entrepreneurs. Through networking, entrepreneurs can find likeminded individuals who are more experienced and connect with them to raise their knowledge. Even if your idea is solid, it can always be tweaked and improved. While if you are looking for funding, it makes a lot of sense to request advice from your investors first. This not only gives you access to their knowledge but also creates a smoother part for you to pitch your idea(s) to them. For student entrepreneurs or people who are creating a business model canvas for the first time, there are tools and platforms that can be used. One such examples is Mentogram, a career mentoring platform that aims to bridge the skills gap between higher education and industry while helping entrepreneurs meet new mentors along their businessjourney.
Tip 10: Step Outside your Comfort Zone
As simple as it sounds, this is easily one of the most forgotten tips when speaking about networking for entrepreneurs. Stepping outside your comfort zone not only means meeting new people and socializing more, but it also means putting yourself in uncomfortable situations, so you grow. As counter intuitive as that sounds, you must feel uncomfortable in a room full of strangers before you can make your place amongst all of them. Besides that, remember to look for opportunities that will not come your way on their own. Go out of your way to look for events to attend and forums to join that are not directly related to you and your brand to meet new kinds of people and learn from them. Sometimes taking the tiniest risks can lead to the biggest successes.
What are the Benefits of Networking for Entrepreneurs?
Networking for Entrepreneurs can have many benefits for you and your brand in the long run.
Connecting with Co-Founders: Networking can help you find co-founders who complement your skills and share your vision, increasing the likelihood of startup success. For instance, this was evident in Rachiket Arya’s story, (recent Doerscircle masterclass speaker), where he discussed his startup, Jackett. Rachiket focused on joining the Entrepreneur First incubator program to meet other founders and test his idea out before committing to it. He networked with people and met Charlotte Trudgill in the program, with whom he went onto co-found Jackett with.
Finding Investors: Networking events offer opportunities to connect with potential investors who are interested in innovative ideas and passionate entrepreneurs. Not only can you learn from them, but you can also raise sufficient amount of funds across funding rounds to successfully grow your business.
Accessing Industry Insights: Engaging with experienced professionals can provide valuable insights into market trends, customer preferences, and industry challenges. Even though secondary research could provide you with facts, conversations amidst others in the industry would give you human insights that would be hard to find anywhere else.
Showcasing Skills & Securing Clients: Networking events provide a platform to showcase your expertise and skills, making it easier for potential clients to find you. Building a network of potential clients and collaborators can then lead to steady project opportunities and long-term partnerships. Handing out your business cards and following up with your portfolio can land you clients because of your talent and diligence in making sure you remember(ed) what you first spoke to the other party about when networking.
Learning from Peers: Interacting with fellow entrepreneurs can offer insights into the best practices, pricing strategies, and effective client communication.
How Can Entrepreneurs Overcome Networking Challenges?
Networking for entrepreneurs is rewarding but it isn't always smooth sailing. For entrepreneurs who are networking for the first time or feel out of place in large crowds, it may feel overwhelming and like a waste of time at first. However, there are ways to overcome these challenges:
Start Small: Begin with smaller events or one-on-one interactions to ease into networking gradually.
Focus on Quality: It's not about collecting a massive number of contacts; focus on building meaningful relationships.
Practice Consistency: Regular networking efforts, even if they're small, can yield substantial results over time.
Prepare Earlier: Prepare questions or conversation starters before the event in case you are nervous.
Take Notes: Networking isn’t a test. Write down interesting things you hear throughout the event and journal whatever stand out to you.
Closing Thoughts on Networking for Entrepreneurs
Networking for entrepreneurs has evolved into a powerful tool that offers opportunities for growth, collaboration, and knowledge-sharing. By defining goals, employing effective strategies, and embracing the value of authentic connections, entrepreneurs can leverage networking to open doors, explore possibilities, and fuel their professional journeys. Networking for entrepreneurs has the potential to be a game-changer in the modern business landscape. So, go ahead, step out of your comfort zone, and start building those meaningful connections that could shape your future success.
Networking for Entrepreneurs: Tips & Benefits of Networking
In today’s fast-paced business landscape, no one will remember a name in mere passing. If you don’t stand out, you won’t be memorable. From casual conversations to podium presentations, whatever you say will only have an impact if it registers and is remembered by the audience after you are done talking. As entrepreneurs and founders, you need to be extremely skilled at networking with people throughout your journey. Networking for entrepreneurs is now more about strategy, growth, and opportunities than it is about casual interactions. From LinkedIn messages to physical events, effective networking is not just an option but a necessity for entrepreneurs. Many a times, the idea of “it’s not what you know, but who you know,” comes into play as well, where even if you have good ideas, they are of no use if no one hears about them.
In this article, we will delve into networking for entrepreneursand explore why it is important alongside diving deeper into tips for entrepreneurs to network more effectively.
Why is Networking for Entrepreneurs Important?
Although it is still a major chunk of the process, networking is much more than just exchanging business cards or making small talk at events. Networking is about cultivating authentic relationships with others and utilizing those relationships to add value to your personal and professional lives. Networking with renowned individuals and like-minded entrepreneurs can create opportunities for new jobs, partnerships, mentorship, and investment for entrepreneurs, especially the ones starting out. For entrepreneurs who are starting out, networking can create pathways to potential investors, advisors, and even co-founders. For freelancers who also identify as entrepreneurs and are growing their business, networking can provide leads to find potential clients, partnerships, and platforms. In a nutshell, networking has the potential to open doors that might otherwise remain closed.
What are Some Tips About Networking for Entrepreneurs?
Here are tips to improve and grow from networking for entrepreneurs:
Tip 1: Define your Goals
Like starting your business, even with networking, you must define your goals from the very beginning. You need to start with a clear understanding of what you want to achieve through networking and then prepare to do it. Whether it is seeking funding, clients, partnerships, insights, or just simple communication, you need to know what you want before going in. These networking goals can be qualitative or quantitative based on what you and your business need. If you are just starting out and require funding and mentorship, your networking goals will need to be more quantitative. You will go in with the agenda of basing your experiences on numbers. For instance, you would want to talk to at least 20 investors and present your elevator pitch at least 10 times, whilst asking for $XXXX amount. However, if you are a seasoned entrepreneur, your networking goals will focus more on making meaningful and long-term connections and further growing your company, as opposed to trying to establish yourself. Networking for entrepreneurs will always be effective if specific goals have been set as they will help keep the entrepreneur on track and provide data to measure success as well.
Tip 2: Leverage Digital Platforms
Before you go out and talk to people, you need to establish a searchable presence of yourself that you can push people towards as a call to action. And in today’s day and age, establishing a presence online is one of the most fundamental and vital steps of networking for entrepreneurs. Whether it is creating a professionally sound profile on LinkedIn or a more personal and realistic one on Instagram, you need to focus on creating a profile that people can go back to after (or even while) they speak with you. Through this presence, you need to showcase your expertise, interests, and aspirations. You also need to be consistent and continue posting on your profiles to ensure that whenever someone uses your business card to reach those profiles, they see new content. You must also remember to join industry-specific forums to connect with like-minded individuals and entrepreneurs in the same boat as you.
Tip 3: Be Prepared for Everything
Whether it is meeting potential investors or attending a panel discussion about a topic you are not well versed in, research is a must. Networking for entrepreneurs is a lot of execution, but it is also an immense amount of preparation. If you are meeting seasoned venture capitalists or angel investors, you need to know their businesses, working styles, and stories. You must do your homework and prove to the people you meet that you are prepared and diligent enough to put in an effort before the event. Remember to prepare an elevator pitch of your brand and market yourself alongside it. Also, pre-decide some questions you want to ask the speakers at the events while making sure you are aware of the notable topics that will be discussed. Take notes during the talks and then use them to create social media posts about your attendance at the event to follow up with the people you met as well as improve your credibility.
Tip 4: Mark your Attendance
Even if it feels like a chore sometimes, save that invitation, do that RSVP, and go out there. Even if it feels like you have not made major progress or feel exhausted from all the socializing, remember to keep at it. If you won’t be seen, you won’t look keen. So, you must keep attending events and talking to more people. You need to attend a variety of events, even if they are not completely related to your business. Networking for entrepreneurs requires stepping outside the box, and you must do so by broadening your horizons and RSVPing to events that are different. Make sure you are dressed to the occasion and not overtly fancy or severely casual. Since events are more accessible, they are also conducted in a low-pressure environment – there is no looming deadline or angry boss who will be affected if you don’t stay long enough. If you cannot make it physically, look for events that can be joined remotely or panels that are held on Zoom because geography should never be the reason you cannot talk to people.
Tip 5: Make your Voice Powerful
Networking for entrepreneurs isn't just about talking; it's also about listening. You will need to master the art of conversation when you network with strangers and especially the ones with more experience. For this, you will need to make sure your voice is powerful, and you are heard with a powerful voice. Remember to sound confident (even if you are feeling it) and put your ideas forward with passion. You need to create a presence and use your entire body to be in touch with your words. Pay attention to the way you breathe while speaking to ensure your main points get the emphasis they deserve. Furthermore, activate your voice and ensure that you are heard “fully” instead of just “loudly.” Stay calm and show a genuine interest in others while engaging them in meaningful conversations that go beyond surface-level topics.
Tip 6: Follow up, Friend
After a networking event or an initial interaction, don't forget to follow up. Even if you made an impact, you must follow up with the people you met so they recognize and remember you. Networking events, especially physical ones, require a lot of attention and you always end up meeting more people than you can ever remember. In such cases, make sure you give out your business card and have your name tag ready. Even carry a personalized name tag if you can so you stand out and get the chance to be remembered as the person with their “personalized brand tag.” After the event, find the people you met on LinkedIn and send them connection requests. Remember to send the request with a personalized message expressing your interest in staying connected and nurturing the relationship.
Tip 7: Value Goes Both Ways
Networking is a two-way street. If you go in expecting to make good connections and forge long term partnerships with them, be ready that others will have the same expectation from you as well. If you want to get people to listen to what you have to say, you also need to give them the attention they deserve. As for conversation, be prepared to offer value with your insights, experiences, and fruitful discussions. A willingness to contribute can leave a lasting impression. Networking for entrepreneurs is a way to grow, however, that can only be possible if they are willing to be give alongside taking. If you have opportunities, ideas, or feedback to give, you should do it. Even after the networking session is complete, add value to your connections’ lives by following up with material or content you think they might find interesting. If you discussed something in particular, send across more information about that to keep the conversation going. Remember that networking for entrepreneurs can be fruitful as long as both parties put in the effort.
Tip 8: Connections > Conversations
Even though networking for entrepreneurs is all about making an impression and having conversations, it is so much more than that. In the long run, connections should overpower conversations. You should focus on building relationships instead of transactions that will have value only till the moment lasts. If you have conversations only in the moment, neither you nor the other party will remember or think much of it after you leave the venue. Focus on building genuine relationships rather than viewing networking as a transactional activity. Authentic connections are more likely to lead to meaningful opportunities in the long run. If a person truly likes you and your goals, they will most likely align with them, even if you spoke for a brief amount of time.
Tip 9: Look for Mentoring
Whether it is advice in the business planning stage or in the fundraising stage, mentorship and guidance is always going to be a vital aspect of networking for entrepreneurs. Through networking, entrepreneurs can find likeminded individuals who are more experienced and connect with them to raise their knowledge. Even if your idea is solid, it can always be tweaked and improved. While if you are looking for funding, it makes a lot of sense to request advice from your investors first. This not only gives you access to their knowledge but also creates a smoother part for you to pitch your idea(s) to them. For student entrepreneurs or people who are creating a business model canvas for the first time, there are tools and platforms that can be used. One such examples is Mentogram, a career mentoring platform that aims to bridge the skills gap between higher education and industry while helping entrepreneurs meet new mentors along their businessjourney.
Tip 10: Step Outside your Comfort Zone
As simple as it sounds, this is easily one of the most forgotten tips when speaking about networking for entrepreneurs. Stepping outside your comfort zone not only means meeting new people and socializing more, but it also means putting yourself in uncomfortable situations, so you grow. As counter intuitive as that sounds, you must feel uncomfortable in a room full of strangers before you can make your place amongst all of them. Besides that, remember to look for opportunities that will not come your way on their own. Go out of your way to look for events to attend and forums to join that are not directly related to you and your brand to meet new kinds of people and learn from them. Sometimes taking the tiniest risks can lead to the biggest successes.
What are the Benefits of Networking for Entrepreneurs?
Networking for Entrepreneurs can have many benefits for you and your brand in the long run.
Connecting with Co-Founders: Networking can help you find co-founders who complement your skills and share your vision, increasing the likelihood of startup success. For instance, this was evident in Rachiket Arya’s story, (recent Doerscircle masterclass speaker), where he discussed his startup, Jackett. Rachiket focused on joining the Entrepreneur First incubator program to meet other founders and test his idea out before committing to it. He networked with people and met Charlotte Trudgill in the program, with whom he went onto co-found Jackett with.
Finding Investors: Networking events offer opportunities to connect with potential investors who are interested in innovative ideas and passionate entrepreneurs. Not only can you learn from them, but you can also raise sufficient amount of funds across funding rounds to successfully grow your business.
Accessing Industry Insights: Engaging with experienced professionals can provide valuable insights into market trends, customer preferences, and industry challenges. Even though secondary research could provide you with facts, conversations amidst others in the industry would give you human insights that would be hard to find anywhere else.
Showcasing Skills & Securing Clients: Networking events provide a platform to showcase your expertise and skills, making it easier for potential clients to find you. Building a network of potential clients and collaborators can then lead to steady project opportunities and long-term partnerships. Handing out your business cards and following up with your portfolio can land you clients because of your talent and diligence in making sure you remember(ed) what you first spoke to the other party about when networking.
Learning from Peers: Interacting with fellow entrepreneurs can offer insights into the best practices, pricing strategies, and effective client communication.
How Can Entrepreneurs Overcome Networking Challenges?
Networking for entrepreneurs is rewarding but it isn't always smooth sailing. For entrepreneurs who are networking for the first time or feel out of place in large crowds, it may feel overwhelming and like a waste of time at first. However, there are ways to overcome these challenges:
Start Small: Begin with smaller events or one-on-one interactions to ease into networking gradually.
Focus on Quality: It's not about collecting a massive number of contacts; focus on building meaningful relationships.
Practice Consistency: Regular networking efforts, even if they're small, can yield substantial results over time.
Prepare Earlier: Prepare questions or conversation starters before the event in case you are nervous.
Take Notes: Networking isn’t a test. Write down interesting things you hear throughout the event and journal whatever stand out to you.
Closing Thoughts on Networking for Entrepreneurs
Networking for entrepreneurs has evolved into a powerful tool that offers opportunities for growth, collaboration, and knowledge-sharing. By defining goals, employing effective strategies, and embracing the value of authentic connections, entrepreneurs can leverage networking to open doors, explore possibilities, and fuel their professional journeys. Networking for entrepreneurs has the potential to be a game-changer in the modern business landscape. So, go ahead, step out of your comfort zone, and start building those meaningful connections that could shape your future success.
Unlock a wealth of exclusive content
Join us and get unlimited access to a wealth of subscriber-only articles that cover a diverse range of topics, from industry trends and insights to expert tips and advice.
This guide reviews the top e-signature platforms suited for startups and SMEs, emphasizing their ease of use, security features, and integration with other business tools. It provides a detailed comparison to help businesses select an e-signature solution that enhances operational efficiency, ensures legal compliance, and supports remote workflows, all while being cost-effective.
This article outlines 15 reasons why Singapore is an ideal location for business incorporation, emphasizing its strategic geographical position, competitive corporate tax rates, strong legal frameworks, and a dynamic business environment supported by government initiatives. Whether for startups or established enterprises, Singapore offers numerous advantages that facilitate business growth and expansion on a global scale.
This guide outlines 14 top payment gateways suitable for startups and SMEs, focusing on their benefits, costs, and unique features. It provides essential criteria for choosing the right payment gateway, such as transaction fees, supported payment methods, ease of integration, and security measures, aiming to help businesses make informed decisions that align with their operational needs and growth goals.
Sotirios Seridis
April 17, 2024
•
5 Minutes
No items found.
Join our community and get 30+ free membership benefits.
