What are the best ways to build a diverse network of contacts for your lean startup?

The most connections typically don't come from who you know but who your connections know. Not everyone has the level of network required for helping out but most people may know an acquaintance that can add value.

In your pursuit of a lean startup, capitalize on the wealth of existing connections at your fingertips. Beyond friends and family, tap into the diverse expertise of colleagues, mentors, and customers. Request referrals, introductions, or recommendations with clarity, courtesy, and appreciation.

Leveraging my existing connections was a cornerstone in building a diverse network for my lean startup. I began by tapping into my current circle for diverse perspectives and introductions. Participating in industry events and online forums, especially on Linkedin, further expanded my reach. I focussed on meaningful engagements and exchanging value, not just adding connection. This strategy has not only widened my network but also infused my startup with varied insights and opportunities. For emerging entrepreneurs, remember: a diverse network is your startup's powerhouse!

It is great to start with friends, family, or colleagues, but one thing you've to be careful that they might don't want to hurt you, so they might tell you only the positive things about your ideas/products/services. Set the ground rules first that they have to give their honest opinion and you're okay if they think your idea is not good. But don't forget to ask why they think your idea is not good, and what you can do to improve it. Remember, asking "WHY" is a great way to validate your idea.

There is no better way than to start with your own connects. They not only provide an opportunity to hear you but also chances are that they recommend to others.

Dive into a vast pool of potential collaborators by strategically participating in events and communities aligned with your lean startup goals. Whether online or offline, formal or informal, the options are diverse and dynamic. Tailor your involvement to your niche, industry, startup stage, or target customer segment.

It's not just about getting that early-bird ticket to any event. We need to understand that networking is one of the most powerful, non-organic, sources of new business. Identify what's in them for you and whether attending is aligned with your most urgent objectives depending on your startup cycle. In sum: 1. Research for events to which you add something 2. Start building connections before the event 3. Build an agenda that helps you create moments you can reference in the future (you'll make it easier for people to remember you) 4. BE INTERESTED and ask questions. Don't just throw your "elevator pitch". 5. Always follow up within the next 24 to 36 hours 6. Be active on LinkedIn and post content Be patient. Networking is a skill

Attending relevant events and communities is always a good idea, but make sure you've an objective before attending such events and communities, like - 1. What do you want to achieve from the event/community? 2. Whom do you want to meet at the event/community? Or what types of professionals do you want to meet? 3. What is the success looks like after attending an event/community?

One of the most valuable parts of industry events, conferences, and communities is the wealth of networking opportunities. Learning HOW to nurture those relationships is key and understanding that while collaboration is a potential goal, providing value to others can open doors for you and your business. Remember that there are other people with the same goal of making connections so when you approach someone it’s best to be genuine and authentic. Sometimes that means getting straight to the point. Sometimes that means finding commonalities and providing value.

I myself benefitted by attending maximum events during my lean startup. Since we can't afford for money to invest, getting to expand your network and that too with some individual touch means meeting in person. I remember I got leads more from.people whom I met in various meet-up gatherings

From my experience, the key lies in focusing deeply on one platform initially, especially when manpower is limited. Choose the platform where your target audience is most active to engage more effectively and build a strong, loyal community around my brand. This concentrated effort allows for authentic connections and meaningful interactions. Then, as your team grows, expand your social media presence to other platforms, each time adapting your strategy to fit the audience and features of each. This step-by-step approach ensures sustainable growth and allows you to maintain the quality of your engagement across different platforms. Depth before breadth in social media sets the foundation for a powerful, far-reaching online presence.

To me, if someone uses only LinkedIn with a purpose and strategy, they could achieve a lot from this platform only. I got from job opportunities to consultancy offers to advisor offers from LinkedIn. I also helped 100+ founders with connections and advice who contacted me over LinkedIn.

No money for advertisement in building your network as a startup. I have leveraged Linkedin especially after Facebook as social media channels. I always ensure that contribute positively and give feedback and support to people in my network from my social and professional channels.

In my experience with startups, leveraging social media and online platforms is a powerful strategy for building a diverse network. Actively engaging on platforms like LinkedIn, Twitter, or industry-specific forums can help connect with professionals globally. Share insights, participate in discussions, and seek out individuals with diverse backgrounds. Additionally, joining relevant online groups or communities expands your reach beyond geographical constraints. This digital approach not only facilitates broader networking but also provides a platform to showcase your startup, attracting diverse talents, partners, and supporters.

Engage with your followers on the different platforms. Comment on influencers' posts and follow anyone whom you feel may be your avatar. This should be done DAILY and scheduled in so it is not overlooked.

You need to control the agenda whenever you are working with mentors and/or advisors. It's your responsibility to know what you don't know in order to ask powerful questions to those who are helping you in the way. If you decide to engage with a mentor/advisor be clear about what you want to achieve during your collaboration. Don't look for mentors and/or advisors if what you want are investors. It doesn't look too good on your behalf. Don't just recruit mentors/advisors. It is up to you to know what your startup needs and scout, screen and select your guides. Finally, you are the one who has to make all decisions. Curate the advice you get and use it to execute. It's your business!

From my experience with different Startups as an Advisor, I've seen firsthand the transformative power an advisor brings. It's like being the wind beneath a startup's wings! Being an advisor isn't just about offering advice – it's about providing that crucial compass. Guiding startups through uncharted waters, sharing experiences, and fueling their growth with strategic insights.

A good advisor is much more valuable than a paid CEO for your startup. For example @ninaewoodard who was connected on network for us, but as on today best decisions are taken in Consultation with her for my startup. That goes to say that the mentors and advisors play a critical role as a positive network with max impact.

Keep a notebook of questions you wish you had the answers to. Follow influencers in your profession to get a feel for who may be the right mentor for you. Comment on their posts and when the time is right to ask for a coffee chat you will have some questions in that notebook to make the most of your time together. Tried and true method:)

In my entrepreneurial endeavors, seeking out mentors and advisors has been a valuable approach to building a diverse network for a Lean Startup. Experienced mentors can provide guidance, share insights, and introduce you to their networks, broadening your connections. Look for mentors with diverse backgrounds, expertise, and perspectives to enrich your network. Establishing these mentorship relationships not only provides valuable learning experiences but also expands your access to a diverse range of contacts, including potential collaborators, investors, and industry experts.

Platforms like LunchClub and LinkedIn are amazing. One just to be aware of the following areas when they are developing their network - experienced founders, VCs, and Angels, and professionals who have working experience with startups.

You anyway get connected to your related business. However, the strength of a startup building network from various allied fields or some times totally different fields helps in building a diverse perspective and to pivot.

It is always a good idea to build your network and be active in three key areas: operations, market, and financials. If you build an operations network that means that you know people who can help you with technology, IP, becoming more efficient etc. A market network will help you seize current sources of revenue and future sources even new business models. Plus, you're always in close contact with your clients and consumers And your financial network is all about maximizing the value you just generated. This goes for improving your financial model, administrative expenses, sources of capital, fiscal strategies, and future investments. Especially when you are burning cash in the first 2-3 years.

Diversifying your network is essential for the success of a Lean Startup. Actively seek connections from various industries, backgrounds, and expertise. Attend events and engage with individuals outside your immediate field. This diversity introduces a range of perspectives and opens doors to new opportunities. It's not just about quantity but the quality of diverse connections that can offer unique insights, collaborative potential, and a broader support system for your Lean Startup.

Be open to collaboration. Utilising a combination of the above suggestions can result in contacts approaching you rather than you having to find contacts. So learning how to form good working relationships with the people that you meet can help you foster a great network.

As an entrepreneur, my success hinges on a value-first approach in networking. I focus on understanding the needs of others, offering my expertise, and connecting people within my network. This method involves active listening, sharing knowledge, and being a reliable resource. I prioritize long-term relationships over immediate gains, maintaining a balance between generosity and sustainability. This approach has built trust and a reputation for being helpful and knowledgeable, which has opened numerous doors and opportunities. It's more than business transactions; it's about fostering a network of mutual support and trust.

Don't forget your initial customers, integrate them into your network as well. The feedback from your initial customers is so important that it could shape the direction of your product/service. I once watched a interview of a tech startup founder, he said he would call the initial customers daily, gather feedback, improve the product and deliver to the customers to try within 1-3 days, this is how he improved his product based on real feedback from the market, and what made his startup successful.

Consider the power of reciprocity. In my entrepreneurial experience, building a network isn't just about what you can gain but also what you can contribute. Be proactive in offering assistance, sharing your expertise, and making meaningful connections for others in your network. This reciprocal mindset fosters stronger relationships, trust, and a more supportive network for your Lean Startup. Additionally, staying curious and continuously learning from your network's diverse perspectives can provide valuable insights that fuel the innovation and adaptability essential for a successful startup journey.

"Startup Communities" by Brad Feld emphasizes the power of diverse networks. For a lean startup, engaging with different industries and professions is like cross-pollination in gardening, vital for cultivating a robust ecosystem of ideas and support.