Why Networking is More Important than Money for Startup Founders

What are some of the best recruiting and hiring practices when founding a company?

Networking is very important in any startup business and that is what we want to explore in this article.

Startup business requires the input of employee or the people that are there to help you grow your business.

This means that people working with you are very important.

This is where networking comes in. For your dream startup to become the next big thing, you need the right people to work with you. Networking is the main thing in the modern business and you have to tap into it. Read on;

Recruiting begins and ends with your network. Recruiting shouldn’t begin when you’re establishing your company or when you need to employ.

No, that’s not the best time to begin recruitment. Recruitment should begin when you’re 18, when you’re meeting a friend of a friend at an event or a party, when you’re on your first date of a new job.

The point is; for you to build network and provide people value, you need to invest in it continuously and you can even begin when you’re 16.

It’s a process, a constant process and it never ends.

Depositing and investing in your network is like any other resource which you have to do

by being a good human that people want to be around,

by doing your current job very well, especially in a way that is noticeable in order to attract people to want to work or team up with you,

by constantly thinking about how you can establish value for your friends and the people around you, and not you thinking about how to capture value from them.

Note: this doesn’t mean you can’t be imperfect, you can but the golden rule has a lot to do here.

Just like any other resource, you want to have a deep ‘reservoir’ whenever you’re ready to call on it, may be for recruitment, investors, advisors, etc, it’s similar to saving money or depositing money into your bank account in the bank.

It’s best known that you will not like to establish a company and on the very first day of the company, you look into your bank account and see that it’s empty. That is how important network ‘reservoir’ is to your startup business.

In reality, your network is more important than your money.

Your network is more like an investment that grows over time.

Derek Sivers, the author of Entrepreneur and Programmer has this to say about the significance of building network; “doing things for others is pretty much the behavior that the universe rewards the most.” When you do things for others, you add value to them and build network with them and they can be helpful in the future.

In conclusion, if you intend to employ or team up with people because that is what you currently need, you’ll end behind and may end up hiring the wrong people. You need to invest in your network. Build the goodwill early enough and save up contacts.

You never can tell who will help build your dream. With the right network built over time, you’ll never run short of talents who will help build your dream empire as a startup. Working or hiring the right people is best done through network built over time.


One Response

Leave a Reply