As relationship-builders at heart, women seem to intrinsically understand that it is not what you know, but who you know that can further a career. Networking is the foundation for anyone starting or growing a business. Business publications, mentors and even family members advise the entrepreneur to "get out there and meet people." And millions of women entrepreneurs are listening and acting upon the networking message; according to the Center for Women's Business Research, women-owned businesses total more than 6.2 million nationwide. Women are starting businesses at twice the rate of men and now employ more than nine million workers, contributing $1.15 trillion in sales and revenue to the U.S. economy.
Professional organizations grow businesses
One of the best ways to network is to join a professional organization,
in particular, a professional organization dedicated to women-owned
businesses. Joining a professional organization dedicated to women
equals not just a network; it is a pool of strategic alliances,
partnerships, access to capital, resources, referrals and a market of
other business owners. Depending on the business model, just access to
the membership list alone could be equivalent to no more "cold
calling." Look at membership as an investment in the business.
Contacts open doors
Organizations such as the National Association of Women Business Owners
(NAWBO) open doors to relationships that might otherwise be
inaccessible. For example, after a 9 a.m. breakfast meeting, one NAWBO
member secured 50K in working capital that was available by noon the
same day. However, don't expect to sign the biggest contract at the
first meeting. This true story happened because there was an
established relationship and a level of trust. Unlike networking events
where the goal is to gather as many cards as possible, NAWBO events
facilitate relationships, not just databases.
First Impressions Count
When joining a new women's professional group, work the group as if a
hostess. Make sure to meet and greet everyone. Understand that since
the majority of new business secured from a networking group is tied to
relationships, first impressions count. Additionally, when meeting
other entrepreneurs for the first time, consider whom they might
benefit from meeting as well.
Attendance is Critical
All of the previously stated benefits are only available if a member
goes and actively networks. Often, women business owners are surprised
to find a warmth and friendliness not found in co-ed functions. It is
this friendship and level of camaraderie that solidifies the group and
strengthens interpersonal bonds.
Attendance is also important because specific issues will be addressed.
Access to capital, entrepreneurship, health care, procurement and tax
benefits are critical issues that present distinct challenges to
women-owned businesses. Organizations such as NAWBO host a variety of
talks and luncheons to help women business owners keep up-to-date with
the latest developments. It is here where business owners learn of CEO
Roundtables, available scholarships and other resources previously
undiscovered.
Seek Out Solutions
Realistically, there are challenges specific to being a successful
businesswoman. Facing those challenges alone and without guidance can
often cause a company to falter. Joining a professional women's
organization provides help to navigate these challenges. Often, when
issues arise, the solutions can often be found within the group.
Commit the Time
While joining professional organizations is necessary, it is easy to
overdo, so it is important to pick just a few that align with your
business goals. Make a dedicated effort to utilize the associations
resources. And further your relationship-building by being part of a
committee, it's a great way to get to know the whole group and raise
visibility for your products and services.
|