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5 Networking Connections Every Entrepreneur Needs to Make

5 Networking Connections Every Entrepreneur Needs to Make

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    Networking is a crucial skill for any entrepreneur. But if a person has been building his network with getting the biggest stack of business cards in the state, that network can be useless. The key to creating a network you can rely on is building a useful network — making connections for specific reasons and finding people that will help you and you can help in return. There are a few connections in particular that you need to make, in order to get ahead.

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    Making these connections isn’t just a matter of seeking out people who you think can be useful to you. Building a network is just as much about helping out the people you connect with as it is finding solutions for your own problems. Furthermore, your efforts to connect with others will be far more enjoyable if you seek out people with whom you actually want to have some sort of relationship or friendship. It is possible to build up a network without a whole lot of sincerity, but it’s not worthwhile. In most communities, though, you can find your connections among people you actually like joining for coffee.

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    1. Your competitors
      It’s worthwhile to know your competitors as well as possible. Get their newsletters, pay attention to their advertising and go one step further — introduce yourself. Even competitors can do your business some good: if you’re on friendly terms, your competitor may just send customers your way if he or she is too busy. And, if a project comes up that you know your competitor would do well at, you can bring in their expertise. At a bare minimum, join the local professional association for your business and make some contacts among the other professionals in your area.
    2. The local media
      These days, media can take many forms: newspapers, television, radio, blogs and more. But it’s worth making at least one or two contacts with members of the media that cover your niche. You’ll have a much easier time of getting a story in the news if you can attach a personal note explaining why you think that the story fits a reporter’s beat — many media members see this sort of help as a favor done to them. If you bring up industry-related stories, where your business isn’t the main focus, you’ll have a better chance of becoming your contact’s go-to-guy for quotes. It’s a long-term strategy, but sharing stories on a regular basis can get your business in the news far more often than even a perfectly crafted newsletter.
    3. A non-profit
      Networking is, in part, about giving back. As an entrepreneur, it’s useful to have connections to local non-profits far beyond the tax break you’ll get for any donations you make. You’ll get word of sponsorship and PR opportunities far faster, learn about projects that might help your business along — and you may even have the chance to do something good for your community. A non-profit doesn’t have to be related to your industry, either: if you’re ready to do some good in your community, why not work on an issue you’re passionate about?
    4. A lawyer or two
      Want the scoop on whether the lawyer handling your business is any good? Have another lawyer in town that you can ask. The same goes for other professions, as well. It’s hard to work with more than one lawyer at a time — and it’s often better to work with a lawyer who isn’t your best friend — but you can know quite a few, and you can keep close tabs on situations that may affect your business. Of course, you don’t want to spend every moment of a lunch pestering a friend for free legal advice, but it is okay to ask the occasional question.
    5. Local politicians
      There isn’t a business in existence that is entirely exempt from local politics. From zoning to licensing, there’s sure to be an area or two in which local politics affects your business. It makes sense to meet the men and women making those decisions: if you do find yourself involved in a political issue, knowing the politicians mixed up in the same issue will at least ensure that your side is heard. Politicians’ influence isn’t the only reason to get involved in local politics, either. Your business is part of the community and that means you probably have some ideas on how your community should operate. Supporting like-minded politicians is a personal decision, but it can have some major ripple effects.

    There’s nothing wrong with going to a networking event with a shopping list of sorts. After all, as an entrepreneur, there are certain people that are going to be better equipped to help you with your business than others. If you have a good idea of who you want to meet — and why — you’ll have a better ROI on every networking event you go to. You can get the introductions out of the way quickly and get down to building a relationship with your new contacts. You may even find yourself on the must-meet list of other entrepreneurs when you attend networking opportunities. You don’t have to limit yourself to events, though: if you’ve heard about someone interesting in your area, there’s nothing mercenary about setting out to meet them. Invite them out to lunch, arrange an introduction through a third party — it’s worth taking a few extra steps to see how you can help a new connection (or maybe even how they can help you).

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    Last Updated on September 20, 2018

    7 Powerful Questions To Find Out What You Want To Do With Your Life

    7 Powerful Questions To Find Out What You Want To Do With Your Life

    What do I want to do with my life? It’s a question all of us think about at one point or another.

    For some, the answer comes easily. For others, it takes a lifetime to figure out.

    It’s easy to just go through the motions and continue to do what’s comfortable and familiar. But for those of you who seek fulfillment, who want to do more, these questions will help you paint a clearer picture of what you want to do with your life.

    1. What are the things I’m most passionate about?

    The first step to living a more fulfilling life is to think about the things that you’re passionate about.

    What do you love? What fulfills you? What “work” do you do that doesn’t feel like work? Maybe you enjoy writing, maybe you love working with animals or maybe you have a knack for photography.

    The point is, figure out what you love doing, then do more of it.

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    2. What are my greatest accomplishments in life so far?

    Think about your past experiences and the things in your life you’re most proud of.

    How did those accomplishments make you feel? Pretty darn good, right? So why not try and emulate those experiences and feelings?

    If you ran a marathon once and loved the feeling you had afterwards, start training for another one. If your child grew up to be a star athlete or musician because of your teachings, then be a coach or mentor for other kids.

    Continue to do the things that have been most fulfilling for you.

    3. If my life had absolutely no limits, what would I choose to have and what would I choose to do?

    Here’s a cool exercise: Think about what you would do if you had no limits.

    If you had all the money and time in the world, where would you go? What would you do? Who would you spend time with?

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    These answers can help you figure out what you want to do with your life. It doesn’t mean you need millions of dollars to be happy though.

    What it does mean is answering these questions will help you set goals to reach certain milestones and create a path toward happiness and fulfillment. Which leads to our next question …

    4. What are my goals in life?

    Goals are a necessary component to set you up for a happy future. So answer these questions:

    Once you figure out the answers to each of these, you’ll have a much better idea of what you should do with your life.

    5. Whom do I admire most in the world?

    Following the path of successful people can set you up for success.

    Think about the people you respect and admire most. What are their best qualities? Why do you respect them? What can you learn from them?

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    You’re the average of the 5 people you spend the most time with.[1] So don’t waste your time with people who hold you back from achieving your dreams.

    Spend more time with happy, successful, optimistic people and you’ll become one of them.

    6. What do I not like to do?

    An important part of figuring out what you want to do with your life is honestly assessing what you don’t want to do.

    What are the things you despise? What bugs you the most about your current job?

    Maybe you hate meetings even though you sit through 6 hours of them every day. If that’s the case, find a job where you can work more independently.

    The point is, if you want something to change in your life, you need to take action. Which leads to our final question …

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    7. How hard am I willing to work to get what I want?

    Great accomplishments never come easy. If you want to do great things with your life, you’re going to have to make a great effort. That will probably mean putting in more hours the average person, getting outside your comfort zone and learning as much as you can to achieve as much as you can.

    But here’s the cool part: it’s often the journey that is the most fulfilling part. It’s during these seemingly small, insignificant moments that you’ll often find that “aha” moments that helps you answer the question,

    “What do I want to do with my life?”

    So take the first step toward improving your life. You won’t regret it.

    Featured photo credit: Andrew Ly via unsplash.com

    Reference

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