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Networking: Essential Element for Startups

Networking is crucial for a startup to expand its footsteps in the industry. Let's see how:-
BY Akshay Arora
Feature Writer, BusinessEx
Jul 24,2017

Networking brings enormous opportunities for a startup to initiate its footsteps towards growth in the business industry. Networking means building up connections with business related industry from which an entrepreneur can gather necessary resources required for operations and learn from old players that how to survive and grow in the industry.

Investment, problem solutions, industry knowledge, decision-making skills and connections with experienced players is just an overview that networking provides a start-up. Most commonly networking is used to be done in Conferences and meetings that take place from time to time but now BusinessEx.com has made it easier for all to find suitable business associates for their start-up as well as businesses.

BusinessEx.com is a place where startups can find investment opportunity from its 1lakh+ investor database and can get guidance and mentorship opportunity from its Incubators and Mentors database. Despite these networking opportunities businessex.com also serves networking opportunities with brokers and lenders to Start-ups. This platform made it simpler to connect with necessary persons of the diversified industry with a low-cost solution.

Solutions that start-up can get from networking are:-

Scouting for investment

The general motive of networking is grasping investment opportunity for your start-up. Startups scouts for investments to start their operations and work on their idea. Entrepreneurs prepare an investor pitch to showcase their objective and idea behind their startup to investors. Networking is the most common way to do it.

Experiential Learning

Entrepreneurs generally made connections with big players of industries and can learn from their mistakes. They can also find solutions from them to overcome challenges of entering into industry or lead their business to growth despite competition in the industry. Experience sharing is one of the task goes on in networking conferences and meetings which is beneficial for start-ups to take each and every decision with complete determination.

Business Profiling

Start-ups must present themselves at conferences and meetings in order to get recognised by influential people and then you will be the one that pops into their head when they need what you offer. This will help your startup to make connections in the industry and find opportunities for your start-up growth. Business profiling is essential to make connections.

Mentorship Opportunity

While networking, one can surely connect with mentors and incubators that can give free advice or proper service to start-up to flourish and mark their presence in the industry. It depends on start-up to start-up whether they need guidance or mentorship service or not. But this opportunity is a bonus for start-ups to avail. BusinesEx.com is the right platform to find suitable networks for your startup within diversified industries.

New Business Trends

To stay updated with new business trends and technology up gradation it is necessary to keep on networking constantly. These types of relationships and inside information can give you an advantage over your competitors by implementing new and fresh ways of doing things.

Networking is a skill and some people are just born with this gift. Otherwise, practice being friendly and learn the art of striking up conversations to create a valuable network for your start-up.Exchange business cards and make good relations as anyone can be useful for your startup depends on your needs.

Conclusion

For a Startup, networking is a key to success. It provides myriad opportunities and benefits for a start-up to grow beyond the starting phase. It is generally done in conferences and social gatherings but now a platform named BusinessEx.com has made it more simple and effective for everyone. BusinessEx.com is a networking solution provider that helps key business professionals to find their suitable network of their choice. Startups are the most benefitted category from networking.

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