If you are a budding entrepreneur looking for ways to aid your business networking, then this is just the article for you!
What is Business Networking? And why is it important for entrepreneurs? These two major questions will be answered right here, in this article for you! As students in school or college, most of us had a circle of friends, may it be large or small. As was obvious, the most popular kids at school used to loaf around the entire day and still score well in their tests and get straight A’s in their assignments! Ever wondered why? It was because of the huge group of friends that they had. They would hang out with their own bunch of friends and then get help from the nerdy or studious students to get their work done on time. The power of networking was demonstrated to us so early in life, yet we did not realize it. Now, in the modern era, networking is helpful to one and all. Not just to entrepreneurs but also to doctors, lawyers, artists etc. To understand how networking helps an entrepreneur, we must first understand who an entrepreneur is. An entrepreneur is a person who wants to set up a business, firm or company of any kind through which he may manufacture goods, provide services, sell products bought from elsewhere, etc. An entrepreneur has to be the one to provide the capital to establish the firm and also manage it at least he employs other workers subordinate to him. An entrepreneur could have a business that could be on a small scale, a medium scale or even a large scale. The business that he carries on must lawful and must not harm the society, the community, the environment, the country and finally the world in any manner. An entrepreneur must maintain his books of accounts accurately to be able to show his statement of accounts to government officials when asked. He must pay all taxes on time to the government. Also, if his business would require clearance from certain government authorities, he must obtain those clearances before he begins to operate his business. And it is not compulsory that the entrepreneur must be the only one to begin the business. There can be two or more entrepreneurs working together too. If an entrepreneur forms a partnership with any other entrepreneurs, he must make sure that the partnership agreement is written down instead of it being oral, because written proof is always advisable in terms of financial agreements. Talking about business networking, if one entrepreneur has an idea that is not very popular at the present moment but may be lucrative in the future, he can discuss it with his friends who may support him in every other way but not financially. This is where the importance of business networking comes in. I’d the young entrepreneur had known any successful businessmen in his field, he could have easily approached them for financial assistance & probably even see his idea get implemented. Business networking can be done in many ways. Attending social events & gathering could build his image in the presence of his contemporaries. Also, attending fairs and expos relayed to his area of business could introduce him to the big names in the industry. Forging deals with other companies also business networking. In this modern era, business networking can be a major source of aid to help budding entrepreneurs as mentioned above. Now you know what to do if you want to be an entrepreneur!