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Networking

Concept of networking

Meaning Dimensions of entrepreneurial networks

What Is networking?
The relationships or alliances which individuals develop or seek to develop between themselves and others.

Dimensions of entrepreneurial networks Anchorage Density Range Reachability Brokers Content Intensity Durability Frequency

Starting & managing a network

1.Starting the network


Characteristics to be searched: Competency Dependability Helpfulness

2 types of activities: Proactive Reactive

2. Managing Size of the network


Bigger network results in:  Lesser intensity  Control problems  Relaxation of standards Managing by:  Removing people from network

3. Content of the network

Different parts of the network can have different bonds

4. Projecting the right image


Some guidelines:  Be professional  Keep promises  Be prompt in replying to calls and messages  Dont reveal your flaws  Dont complain  Refrain talking to bad people

5. Tapping into others networks

Benefits of networking
Development of Knowledge & skills Reputation & new leads Information & support

Some social networking sites:

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