BENEFITS AND PITFALLS OF NETWORKING

Benefits and pitfalls of networking

BENEFITS AND PITFALLS OF NETWORKING

For business-people, networking represents an important aspect for relieving the perceived loneliness of running a business, that is, by sharing business experiences.

Importance of Networking

 ·         Serendipity - making your own luck!
·         Being in the right place at the right time!
·         Helps to get the person who already needs your knowledge, skills, company, resources, etc.
·         Encourages who knows you not who you know!
·         Making your interests and needs widely known and listening to the interests and needs of others!
·         Engaging in a process not a goal
·         Increasing customer base,
·         Encourage business -to -business activities
·         Sharing of technology

Pitfalls

·         Multiplication of ideas (no innovation),
·         Costly,
·         Encourage sabotage
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