7 Benefits Of Networking For Entrepreneurs

Networking is crucial to everyone’s growth and development, the saying, “show me your friends and I will tell you your future” is indeed accurate and for this reason, entrepreneurs need to take seriously whom they call friends or let into their circle if they are to succeed.

Without solid relationships, small businesses will die, thus, it’s vital to keep a group of like-minded people around you to support you. For female entrepreneurs, keeping a network of people around you who have similar passion and are headed in the same direction as you, increases the likelihood of success. Here I will discuss 8 more benefits of networking, to make you appreciate it even more: -

1. CONNECTIONS

There is only so much you can do by yourself. Networking can open the door to establishing professional friendships with successful, influential women that are willing to not only support you but to help you grow. Have you ever heard the business saying, people do business with people they know, like and trust? Well, like the first one mentioned, it’s also true. Networking helps you build relationships, so peers and potential clients can get to know, like and trust you. Also, the people you network with have established networks of their own, and those networks can become accessible to you as well.

2. OPPORTUNITIES

Being part of a network that consists of diversely talented women multiplies the business opportunities available. Being part of the female founder’s initiative MEA for example opens you up to the following opportunities: -

? Investment opportunities in the Middle East and Africa (MEA)

? Investor matchmaking and business projects referrals

? Start-up bootcamp classes tailormade for female entrepreneurs within the MEA region

? Brand promotion and marketing for our member network

? Membership programs

3. RAISING YOUR PROFILE

Regularly attending business and social events helps people recognise you and you become a familiar face. You can build a reputation as someone who is knowledgeable in your field and reliable to work with.

4. REFERRALS

Word of mouth is the best marketing, and networking offers this free of charge. The potential for an increase in business is usually the number one reason businesses choose to join a networking group.

5. POSITIVE INFLUENCE

Human beings impact each other. Consciously selecting to be surrounded by other entrepreneurs, some more experienced than you, creates a positive environment for you. You can also learn, grow, and be more creative due to the positive influence you surround yourself with.

6. ADVICE

Gaining the advice of industry peers is an important benefit of networking. By attending networking events, you get to discuss common challenges and opportunities.

7. INCREASED CONFIDENCE

Getting out of your comfort zone and constantly meeting new people increases confidence. The more you meet other entrepreneurs, share ideas and gain from each other’s experience will increase your confidence in yourself as an entrepreneur and your service or product.

For more information on becoming a member of the Female Founders Initiative MEA, Visit our website www.femalefoundersinitiative.com.

“We don’t compete, we collaborate”.