Why is networking important for startups?

Networking is extremely important for startups because the network you have will make or break your startup. Networking is vital. Starting a company is really hard and can easily fail for so many reasons. Find like-minded people who will enrich your life, share similar values, and make you happy which will lead to more success to the startup.

WHAT ARE SOME REASONS TO NETWORK?

  1. INVESTORS, FINANCIAL SUPPORT
    The world revolves around connections and money. You can’t get your startup running without money. But don’t go looking for investors at startup events, mixers, and conventions. Instead, aim to make a personal connection with a small number of people to make a long-lasting bond.
  2. FIND LIKE-MINDED CO-FOUNDERS
    Two heads are always better than one. Every startup needs a team consisting of: problem solvers, business builder/developers, story tellers, money/investor finders, and legal gurus. You need every one of these critical people to have a successful startup.
  3. HIRE EMPLOYEES AND/OR INTERNS
    Find like-minded people who are excited to take a risk like you are. Once you have your startup team, you need employees and/or interns. These employees and/or interns may be hidden gems that may contribute valuably to your startup!
  4. GET NEW BUSINESS IDEAS AND ADVICE
    Find other entrepreneurs and connect with them personally. These people know what you’re going through and are willing to help because they know what it’s like. Build a relationship with these people and they’ll open you to a whole new network (investors, partners, etc) and they can give you valuable advice.
  5. FIND/MEET MENTORS 
    Going to networking events, mixers, conventions are not always a waste of time. They can come out with new relationships that will be invaluable to your startup’s success. You will never know who you’re going to meet and how they could help you in the future.
  6. GET INSPIRED AND STAY MOTIVATED
    Starting up a company is hard work and it will be hard to stay motivated and inspired at times. Going to mixers, conventions, and networking events will inspire you and motivate you to continue working hard.

Networking is not just done in-person, but also online. Make sure to maximize your networking using social media platforms such as LinkedIn, Facebook, and Twitter. Using both online and offline methods, your startup company will be open up to more connections, more opportunities, and more visibility!


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