Business networking has various meaning and impact for people. For some, it is a means to an end. For others, it may be a natural part of every day life. Regardless of the meaning, we can admit that is an important aspect of doing business.
So, what does networking mean to you? Why do you take part in this activity? Do you even realize that you are networking? Let's take a deeper dive into what networking is according to Wikipedia:
Networking is a socioeconomic business activity by which businesspeople and entrepreneurs meet to form business relationships and to recognize, create, or act upon business opportunities, share information and seek potential partners for ventures.
Let's break this apart further:
Networking is a socioeconomic business activity - We can agree that networking is a social activity with people talking to one another. Also, it often takes places in a business environment whether physical or virtual.
Businesspeople and entrepreneurs meet - Often networking is associated with the business world so professionals, which include entrepreneurs often interact on a regular basis as part of doing business.
Recognize, create, or action upon business opportunities, share information, and seek potential partners for ventures - The reason that businesspeople interact with another is for a reason. They want to make something happen to move their career or companies forward. Many times there is an action step that needs to be taken after talking with someone. When this happens, then networking starts becoming relationship building.
So, why do you network? Are you looking for a particular result?