Showing posts with label making business connections. Show all posts
Showing posts with label making business connections. Show all posts

Friday, December 8, 2017

How Reverting to 'Old School' Ways Helped Me Build Strategic Relationships


When I was in college, I was eager and hungry to make connections. At 21 years old, as a dorm resident at Westmont College, I founded my business advisory firm, Avant Global. The company has since grown into a global business with well-known, successful clients, including the founding family of the world's largest brick-and-mortar retailer, and one of the largest holding companies in the world.

I credit this to many things, including the people I've surrounded myself with along the way. But I've realized that many of the same tactics and techniques I used on campus in my early dealings are still relevant today. Though technology has paved the way for quicker and more efficient communication, going back to old school ways can help you progress in the competitive business world.



Pick up the phone


My company helps high-profile clients build strategic relationships that drive company growth, investments, funding and more. There are many make-or-break details involved in the day-to-day business within our ecosystem. Email chains and group texts between business associates might be convenient, but calling to speak with colleagues is more effective than a "reply all" exchange.

This is especially true when you've got a global business that's building bridges between Silicon Valley and executives, investors and even successors across the globe. With clients and partners in countries ranging from the Philippines to the United Kingdom, I've learned that the voice lends a human connection that a computer screen cannot compete with.


Write it down


I'm on the road, and often out of the country, much of the year. A digital calendar and iPhone notes just don't cut it sometimes. For many, including myself, taking handwritten notes can help to retain information. It’s also valuable to print itineraries and organize them in folders. You never know when a phone battery will die, or a signal will be lost.


Think outside the boardroom


Deeper connections can be made when you're thinking out of the box and meeting outside of the office or conference call. I've found that nurturing relationships with clients by welcoming them to your home or out for coffee can be valuable to all parties, especially when "shop talk" is off the record.

I often host groups that integrate both personal and professional relationships; you can take a hike, offer a feast or go to lunch with business partners or potential clients. Deeper connections are made when you go beyond the white lights of a corporate space.
Get back to your roots

Digging into your roots and acknowledging your heritage can be fruitful on both a personal and professional level. As a Greek-American, I have a community of support domestically and globally that is bound by a cultural thread. Many of my personal contacts are also passionate about philanthropy, investing and other areas I'm immersed in.

It's through these groups that I could connect Amed Khan, a young, successful investment banker who has been building refugee camps for displaced Syrians in Greece, with an influential Greek-Orthodox priest, Father Alex Karloutsos of the Greek Orthodox Archdiocese of America (Father Alex has offices in New York City and conducts liturgies at the Greek Orthodox Church of the Hamptons in Long Island). Father Alex then introduced Khan to a Bishop in Athens who helped Khan to navigate the country's bureaucracy. Khan's Elpida Home has since become more successful, hosting hundreds of refugees who otherwise would have no roof over their heads.

These types of unique connections happen when you find ways to relate on a more personal and engaging level that goes beyond a glass screen. By reverting to “old school” tactics, you too can have a competitive edge in building and nurturing strategic relationships.





Source: http://www.businessnewsdaily.com
Image source: Demetri Argyropoulos


ABOUT WNFP
Westchester Networking for Professionals (WNFP) is a business organization focused on providing our members and guests with an extraordinary networking experience, bringing business professionals together for the sole purpose of generating new relationships and developing new business opportunities. Not a member, learn how you can become a member and join this awesome group of professionals to connect and grow your business.

Stay Connected with WNFP!
Join WNFP Communities!

Wednesday, November 15, 2017

7 Tips to Avoid Getting the Email Cold Shoulder


This is an excerpt of a recent email I received--and a good example of one that will get deleted in record time. As a venture investor in early stage startup companies, I receive a steady stream of email pitches like this every day.

Unfortunately, all of them get the deleted without a reply. There might be a nugget among the daily onslaught, but I have never seen a company come over the transom ("cold") that resulted in a great exit.

The only investment opportunities I'll consider reviewing come through referrals from founders, VCs, or trusted industry veterans. "Ok, great Chris," you're thinking. "I live in Boca Raton, Florida, and I don't know anyone in the venture business, or anyone in Silicon Valley. What am I supposed to do? How can I connect with you and avoid the delete key?"

I'm glad you asked. Here are suggested steps to help you rise above the noise, and make the right connections to get a proper referral:

 1. Connect to a connector.


It's easy to go to LinkedIn to see my connections and discover our common connections. If there are none, find someone who you can approach, send a request, and begin to build a relevant network.

You can also search outside LinkedIn. For example, you can follow me on Twitter and Angel List (and, of course, Inc.com).

 

2. Join an incubator or accelerator.


There are hundreds of accelerators across the country, in almost every town and major city. Most accelerators have a network of local investors and entrepreneurs, and some of those people will allow you to leverage their extended networks. Undoubtedly there will be a Silicon Valley connection within that network.

 

3. Research your target's interests.


Like everyone else, I have personal interests and social causes that I am actively involved in. I love to cycle, and I am drawn to people who are fitness focused. I also co-founded a non-profit called The Last Mile that has very strong touch points in the technology, philanthropy, and investment communities.

 

4. Send me something of value, article, introduction, etc.


When I invest in a company, there is a value exchange. I provide money and expertise for equity in your company.

You can start that value exchange long before I take a meeting with you. Find some information or article that might interest me, or some book recommendations. I'm always looking for interesting (and unusual) books.

 

5. Become a published domain expert.


There are many platforms upon which you can express your opinions or provide information that is relevant to your domain focus. Anyone can create a Medium account and share their writing on social media. You can answer (and ask) questions on Quora, and you can do the same on Whale (one of my portfolio companies).

Find an outlet and be consistent.

 

6. Show up at meet-ups and conferences.


Network, network, network. Find local meet-ups that cater to entrepreneurs, your domain, or your hobby. You need to dedicate time to meet people and share your ideas.

Networking is easy for some, and difficult for others. If it's difficult for you, find a "wing person" who can help generate conversations, and make you more comfortable in these situations.

 

7. Take a trip to Silicon Valley.


Silicon Valley is still the center of the innovation universe, and visiting here will expose you to driven entrepreneurs, in the most competitive market in the world. You never know who you'll bump into in a coffee shop, restaurant, or at a local event. If you can't get to Silicon Valley, go to New York City, Los Angeles, Austin, Boulder, or any other innovation hub and start networking.

So, please don't make me hit delete. Try a few of these tips, and see if they lead to green.

Seriously, I look forward to hearing from you through someone in my network--and if I do, I'll gladly take a meeting. Good luck and happy networking.





Source- https://www.inc.com
Image Credit: Getty Images


ABOUT WNFP
Westchester Networking for Professionals (WNFP) is a business organization focused on providing our members and guests with an extraordinary networking experience, bringing business professionals together for the sole purpose of generating new relationships and developing new business opportunities. Not a member, learn how you can become a member and join this awesome group of professionals to connect and grow your business.

Stay Connected with WNFP!
Join WNFP Communities!

Monday, April 24, 2017

Networking for Entrepreneurs: 7 Ways to Make a Connection


Successful small business owners know they only got to where they are now because of the people who helped them along the way. A strong professional network can help you achieve things that you'd never accomplish on your own, from solutions to seemingly impossible problems, to word-of-mouth recommendations that grow your customer base.
Whether you're handing out your business card at an event or reaching out via social media, networking is only effective if you're smart about it. Entrepreneurs and business leaders shared their best advice for growing your startup through your connections.
- See more at: http://www.businessnewsdaily.com/6420-entrepreneur-networking-tips.html#sthash.SAfSiaRH.dpuf

Successful small business owners know they only got to where they are now because of the people who helped them along the way. A strong professional network can help you achieve things that you'd never accomplish on your own, from solutions to seemingly impossible problems, to word-of-mouth recommendations that grow your customer base.

Whether you're handing out your business card at an event or reaching out via social media, networking is only effective if you're smart about it. Entrepreneurs and business leaders shared their best advice for growing your startup through your connections.

1. Offer your help first


"Many individuals come into a networking event with a problem or challenge they're facing and immediately seek answers from others. When you meet people, ask questions and discover how you can provide value to them first, instead of the other way around. Ask yourself what you can bring to the table, and share tips with others to be helpful. When you give advice, it's much more likely to be reciprocated." – Scott Roen, managing director of global digital, BlackRock

2. Become a resource on social media


"Use platforms like LinkedIn, Twitter and Facebook to produce, comment on and engage with relevant industry content to build trust among your followers. You'll also generate inbound networking — contacts will find and reach out to you, so you'll spend less time having to actively seek more contacts." – Frans Van Hulle, CEO and co-founder, ReviMedia and PX.com

3. Do some basic press outreach


"A critical part of networking as a small business owner is to build relationships with your local media, as they are the ones who can help to tell your business story on a larger scale. [Read] your city ... newspapers [and] watch your local nightly or morning news. This will give you a sense of what is happening in your community, and will help you determine which reporters are most likely to take an interest in your business news. Once you have established a list of reporters, send an email introducing yourself and let them know you appreciate their work. When the time comes for you to share your own news, your name will already be familiar." – Paul Koulogeorge, vice president of marketing, advertising and PR, Goddard Systems. inc

4. Get customers involved in your process


"We have a 'Mombassador' program at The Little Gym where we invite our most loyal, enthusiastic customers to become advocates for our brand and help spread positive word of mouth throughout the community. These moms typically hand out referral cards, welcome new parents as they join the gym, attend open houses and grassroots events, and post about The Little Gym on social media sites. They are almost like networking assistants on a mission to help us gain more visibility in our local community." – Karalyne Ley, owner, The Little Gym (Knoxville, Tennessee)

5. Stay in touch with former connections


"It's essential to develop relationships with contacts because they can convert into milestones for your business and career development. I had the chance to open the second location for Hungry Howie's Pizza after connecting with a former employer who was looking into growing his one-location pizza brand. I decided to open a second location of the one store brand of Hungry Howie's Pizza and we now have almost 600 locations in 21 states. Without that original contact, this would have never happened." – Steve Jackson, CEO, Hungry Howie's

6. Always be ready to offer samples


"Put your product in their mouth! I always carry samples of our coconut chip snacks just in case I happen to see someone noteworthy. On a recent flight I spotted a famous musician and gave him a sample which easily started a conversation. It was as if I handed him my demo tape and had him listen to it right there." – Vincent Kitirattragarn, CEO and co-founder, Dang Foods

7. Participate in your local small business community


"Participate in advisory committees, attend every expo and conference applicable, and get yourself out there. You generally get out of it what you put into it, and if you expect people to come to you, it will never happen. You have to put in the time and energy to make it happen through your own efforts." – Ashley Morris, CEO of Capriotti's




Image credit: Denphumi/Shuttershock
Source: http://www.businessnewsdaily.com
Denphumi/Shutterstock
Denphumi/Shutterstock
Successful small business owners know they only got to where they are now because of the people who helped them along the way. A strong professional network can help you achieve things that you'd never accomplish on your own, from solutions to seemingly impossible problems, to word-of-mouth recommendations that grow your customer base.
Whether you're handing out your business card at an event or reaching out via social media, networking is only effective if you're smart about it. Entrepreneurs and business leaders shared their best advice for growing your startup through your connections.
- See more at: http://www.businessnewsdaily.com/6420-entrepreneur-networking-tips.html#sthash.SAfSiaRH.dpuf
Successful small business owners know they only got to where they are now because of the people who helped them along the way. A strong professional network can help you achieve things that you'd never accomplish on your own, from solutions to seemingly impossible problems, to word-of-mouth recommendations that grow your customer base.
Whether you're handing out your business card at an event or reaching out via social media, networking is only effective if you're smart about it. Entrepreneurs and business leaders shared their best advice for growing your startup through your connections.
- See more at: http://www.businessnewsdaily.com/6420-entrepreneur-networking-tips.html#sthash.SAfSiaRH.dpuf
Successful small business owners know they only got to where they are now because of the people who helped them along the way. A strong professional network can help you achieve things that you'd never accomplish on your own, from solutions to seemingly impossible problems, to word-of-mouth recommendations that grow your customer base.
Whether you're handing out your business card at an event or reaching out via social media, networking is only effective if you're smart about it. Entrepreneurs and business leaders shared their best advice for growing your startup through your connections.
- See more at: http://www.businessnewsdaily.com/6420-entrepreneur-networking-tips.html#sthash.SAfSiaRH.dpuf
Successful small business owners know they only got to where they are now because of the people who helped them along the way. A strong professional network can help you achieve things that you'd never accomplish on your own, from solutions to seemingly impossible problems, to word-of-mouth recommendations that grow your customer base.
Whether you're handing out your business card at an event or reaching out via social media, networking is only effective if you're smart about it. Entrepreneurs and business leaders shared their best advice for growing your startup through your connections.
- See more at: http://www.businessnewsdaily.com/6420-entrepreneur-networking-tips.html#sthash.SAfSiaRH.dpuf
Successful small business owners know they only got to where they are now because of the people who helped them along the way. A strong professional network can help you achieve things that you'd never accomplish on your own, from solutions to seemingly impossible problems, to word-of-mouth recommendations that grow your customer base.
Whether you're handing out your business card at an event or reaching out via social media, networking is only effective if you're smart about it. Entrepreneurs and business leaders shared their best advice for growing your startup through your connections.
- See more at: http://www.businessnewsdaily.com/6420-entrepreneur-networking-tips.html#sthash.SAfSiaRH.dpuf
Successful small business owners know they only got to where they are now because of the people who helped them along the way. A strong professional network can help you achieve things that you'd never accomplish on your own, from solutions to seemingly impossible problems, to word-of-mouth recommendations that grow your customer base.
Whether you're handing out your business card at an event or reaching out via social media, networking is only effective if you're smart about it. Entrepreneurs and business leaders shared their best advice for growing your startup through your connections.
- See more at: http://www.businessnewsdaily.com/6420-entrepreneur-networking-tips.html#sthash.SAfSiaRH.dpuf
Successful small business owners know they only got to where they are now because of the people who helped them along the way. A strong professional network can help you achieve things that you'd never accomplish on your own, from solutions to seemingly impossible problems, to word-of-mouth recommendations that grow your customer base.
Whether you're handing out your business card at an event or reaching out via social media, networking is only effective if you're smart about it. Entrepreneurs and business leaders shared their best advice for growing your startup through your connections.
- See more at: http://www.businessnewsdaily.com/6420-entrepreneur-networking-tips.html#sthash.SAfSiaRH.dpuf
Successful small business owners know they only got to where they are now because of the people who helped them along the way. A strong professional network can help you achieve things that you'd never accomplish on your own, from solutions to seemingly impossible problems, to word-of-mouth recommendations that grow your customer base.
Whether you're handing out your business card at an event or reaching out via social media, networking is only effective if you're smart about it. Entrepreneurs and business leaders shared their best advice for growing your startup through your connections.
- See more at: http://www.businessnewsdaily.com/6420-entrepreneur-networking-tips.html#sthash.SAfSiaRH.dpuf
Successful small business owners know they only got to where they are now because of the people who helped them along the way. A strong professional network can help you achieve things that you'd never accomplish on your own, from solutions to seemingly impossible problems, to word-of-mouth recommendations that grow your customer base.
Whether you're handing out your business card at an event or reaching out via social media, networking is only effective if you're smart about it. Entrepreneurs and business leaders shared their best advice for growing your startup through your connections.
- See more at: http://www.businessnewsdaily.com/6420-entrepreneur-networking-tips.html#sthash.SAfSiaRH.dpuf
Successful small business owners know they only got to where they are now because of the people who helped them along the way. A strong professional network can help you achieve things that you'd never accomplish on your own, from solutions to seemingly impossible problems, to word-of-mouth recommendations that grow your customer base.
Whether you're handing out your business card at an event or reaching out via social media, networking is only effective if you're smart about it. Entrepreneurs and business leaders shared their best advice for growing your startup through your connections.
- See more at: http://www.businessnewsdaily.com/6420-entrepreneur-networking-tips.html#sthash.SAfSiaRH.dpuf

Successful small business owners know they only got to where they are now because of the people who helped them along the way. A strong professional network can help you achieve things that you'd never accomplish on your own, from solutions to seemingly impossible problems, to word-of-mouth recommendations that grow your customer base.
Whether you're handing out your business card at an event or reaching out via social media, networking is only effective if you're smart about it. Entrepreneurs and business leaders shared their best advice for growing your startup through your connections.
- See more at: http://www.businessnewsdaily.com/6420-entrepreneur-networking-tips.html#sthash.SAfSiaRH.dpuf
ABOUT WNFP
Westchester Networking for Professionals (WNFP) is a business networking association dedicated to helping small businesses and entrepreneurs develop, expand and grow. We offer affordable opportunities to help create a positive impact and advancement in your business interests and personal quality of life to take you to the next level.
Stay Connected with WNFP!
Join WNFP Communities!

Thursday, January 5, 2017

Don't 'Stop Networking.' Just Start Doing It Right.


When I ask an audience, “How many of you are here hoping to possibly sell something?” almost everyone raises their hands. When I ask that same audience, “How many of you are here to possibly buy something?” nobody raises their hands.
Ever. Not one person. 

This is what I call the networking disconnect. Too often, people show up at networking events wanting to sell something but nobody ever goes wanting to buy something. This is how networking can be done badly.

So, it didn’t surprise me when I recently read an article entitled “Stop Networking.” It went on to explain how the process of networking is so “mercenary.” The problem is that every example the author gave about how networking doesn’t work was an example of really bad networking! The conclusion was to stop networking. Instead of networking, the author said you should do these five things:

1. Focus on relationships, not transactions.

2. Don’t ask for something before you give something.

3. Don’t make the process about you.

4. Strive for quality, not quantity, in your relationships.

5. Volunteer for leadership roles in organizations you belong to.

Hello! Does anyone notice that the emperor has no clothes? I would argue that all five of these strategies are, in fact, all about networking – but about networking done the right way. In this article, bad networking tactics were presented as the reasons that people should stop networking altogether. Networking can certainly be done badly, but networking itself isn’t bad. In fact, when it’s done right, almost everyone agrees it’s the best way to build a business.

Don’t stop networking. Just start networking right:

Relationships, not transactions. 


The key for networking events is to make solid connections with individuals so they will remember who you are when you do follow up with them. You want them to be interested to meet with you for coffee or lunch. If you go to networking events with the intention of just trying to sell to people, they won’t want to meet with you later because they know you’re going to pitch to them.

Invest in some social capital. 


If you want people to be eager to meet with you after networking events, the key is to find ways to help them. Think back to the people in my audience. Think about all the relationships that had the possibility of forming and how many of them most likely didn’t. If everyone focused on learning who they could help, as opposed to who they could sell to, imagine the relationships that might have been. Good networking is all about investing in some social capital before asking for a withdrawal.


Be interested, not interesting.  


It’s not all about you. Do you want to make a connection (especially if you are networking up to someone more successful than you)? If so, be interested in what they are doing.  Don’t pitch them the moment you meet them. But wait, it never hurts to ask, right? Wrong!  Contrary to popular belief, it is does hurt to ask for business before there’s any kind of relationship.

Quality over quantity. 


The only thing more important than the size of your network is the quality of your network. It’s a people puzzle, not a numbers game. It’s about finding out about the people you’re meeting with. It’s not about collecting as many cards as you can. If your network is a mile wide and an inch deep, you’ll never have a powerful personal network at your disposal.

Become engaged in the groups you belong to. 


If you really want to stand out in a network, volunteer and become a leader in it. It is amazing how much exposure you can receive when you are helping to run a group that you are active in. However, remember two things. First, just being a leader doesn’t mean you’ll get business. At some point, when you have developed a relationship, you do have to let people know that you’d like to do business with them. Second, whatever you do, don’t step down from a leadership role and then immediately quit the group. That really makes it look like you were there for only one reason (and the wrong one at that). Being a leader in a group is about giving back. The secondary benefit is that you can build great credibility.

I’ve built a global company with offices in more than 60 countries and I’ve done almost all of it by building relationships, networking, and getting referrals. My advice to you is, don’t stop networking. Just start networking right.






Source: https://www.entrepreneur.com/article/
Image Credit: Shutter Stock




ABOUT WNFP
Westchester Networking for Professionals (WNFP) is a business networking association dedicated to helping small businesses and entrepreneurs develop, expand and grow. We offer affordable opportunities to help create a positive impact and advancement in your business interests and personal quality of life to take you to the next level.
Stay Connected with WNFP!
Join WNFP Communities!
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