Question: Do you agree with the post below? why? Entrepreneurs often use networks to extend their opportunity space. You never know when and how a network
Do you agree with the post below? why?
Entrepreneurs often use networks to extend their opportunity space. You never know when and how a network will be valuable or what sort of network you might need. Indeed, valuable networks can be created only when you are not looking for immediate benefit. How can you develop your own network BEFORE it may be useful?.
Networking can give many benefits to entrepreneurs. By networking knowledge will be shared and new innovative ideas will be implemented and this may create the opportunity to learn more new things. A network is a key tool in any type of business. Network naturally develops over time. For example- If company A has done work for a customer B then they develop some connection. Now, B introduced A to his clients or known ones. This is how networks developed over time.
Here are some ways to develop the network for entrepreneurs before its useful:
- Dont lose connection with those you already know. Stay in touch
- Try to take part in any meetings. For example, you can attend your college meetups or volunteer jobs, or help organizing the meetups (Lighter Capital, 2020).
- Use social media. Nowadays, platforms like Linkedin, Twitter, Facebook is a good way to build a network. You can meet people, promote your business, find clients through social media.
- Try new things. For example, talk as a panel speaker at events, start your own podcast, do an interview, start new channel on Youtube, join organizations. There are many things to do out there. The important thing is open yourself, communicate with public.
All these methods are best way of creating an opportunity space. Therefore, creating an opportunity space is the way to develop connections that might not be useful now but later can be beneficial in time of need.
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