What “Networking” Really Means—And How To Make The Most Of It
Rishin Patel
Physician Entrepreneur | CEO of MDRx Health | Fix Surgical | Fast Company Author | YPO
One trait common to new entrepreneurs: They think they can do it alone.
The “lone wolf” mindset is a symptom of the hero complex that a lot of ambitious people have—and that, in an individualistic culture, is hard to avoid.
But it’s also inherently limiting. When you try to make it alone, you’re limited to your local knowledge and experience—what you’ve learned and what you’ve been through. This excludes all the wisdom of people who’ve undertaken similar ventures and learned along the way.
Most lone wolves reach a point where they feel the pain of these limits. At that point, it becomes crucial to expand their network—to forge relationships that help them push past the limits of local knowledge (and do the same for their network).
Good networking goes beyond mere exchanges of business cards. Here’s why it matters, and how to turn it into a superpower.
The many benefits of networking
- It builds strong relationships. This is the foundational benefit of networking; every other benefit starts with this one. As experienced professionals know, strong relationships are the backbone of success, whatever your vocation.
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- It builds your personal and professional brand. Networking opportunities gives you a chance to demonstrate your values and professionalism to an entirely new set of people. Being prepared and engaging in networking conversations makes a strong impression on people with the power to influence your career.
- It exposes you to new opportunities (and vice versa). Especially in a job market as tight as our current one, job candidates need every advantage they can get during the hiring process. A strong network means you’re top-of-mind—in a positive way—when your connections have new opportunities that match your credentials.
- It gives you a way to give back. Networking is not a one-time, one-way action. It’s a long-term, two-way street, where everyone involved helps and seeks help from everyone else. Good networking means you’re finding ways to give back to those who help you, making you a strong member of a broader social community.
How to network successfully
Networking is in many ways its own reward. Finding common ground with other people trying to live meaningful lives is a deeply rewarding act—and a key indicator of happiness. Treating networking this way—as a never-ending process that contains intrinsic rewards—will set you up for all the other collateral benefits networking brings.