Networking Tips for Entrepreneurs

For the last two years I lived in Stockholm and studied as a master student at ICT Entrepreneurship. In my opinion networking is the crucial part of entrepreneurship. I am not an experienced entrepreneur, who made billions of dollars, but still I have some recommendations for you. These are my stories as a young entrepreneur in Stockholm and may be you will not agree with me. Let’s get started;

 

Lessons Learned 1: Be active but not over-active

Some friends of mine, who runs after people to collect their business cards and mail addresses, generally see that people only once. I think this is really disturbing and has no value inside. As a young entrepreneur I sometimes feel that people do not pay enough attention to me since I do not have a lot to offer them. But, once you show them the energy and sympathy it will be easy for you to have good connections with them. So, there is no need to run after people to get their contact details. They will never get back to you.

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PC Based Open-Source Networking

In the 1990s the computing industry shifted from expensive proprietary systems to open systems based on standard, low-cost hardware. This move changed a 20-year pattern of IT buying and deployment models. Some of the biggest IT buyers, like universities and research centers, also started to look for better, flexible and cheaper IT solutions.

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Ericsson Business Case Competition

Last week was “China Week” at KTH and in order to celebrate it, students organized lots of different activities. There were many different kinds of public lectures, career days, parties, dinners and business case competition about the Ericsson’s business strategy in China. Ericsson has two biggest competitors in China, which are Huawei and ZTE

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Crossing the Chasm

One of my article about a book advice had been published in a magazin in Stocholm. You can find the article from here and have a look at what i wrote about Crossing the Chasm. I think this book is a must book for an entrepreneur.

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Sun Start-Up Essentials

For a start-up time to market is so important. To decrease the time to market, a start-up must be able to develop their product or service in a reasonable time and price. To do that, Sun Microsystem’s new program for Start-Ups can be a good alternative. Why should we pay a lot for the IT costs just at the very beginning?

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Why Should We Write a Business Plan?

Most of the people believe that writing a business plan is just a one way of wasting time. Instead of writing a business plan, we should focus on development,marketing and sales. I do not agree with them. Because if we do not plan some core topics, strategies of our company we will not be able to react the emerging markets or new opportunities in a correct way or timing.

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Do we really need NDAs?

For the last 2-3 weeks we had some sort of arguments and conflicts with my class mates at KTH/Stockholm about when and where to use NDAs. Some of them really believe that; if they have a business idea and plan to start-up on it, before talking to a business angel or a venture capital they should sign the NDA. But some others including me, believe that signing a NDA is not really the best way to protect your idea, furthermore it is not that legal to use it in court.

Last week while i was talking with a venture capitalist in Stockholm, i asked the same question to him and he said; “i never sign that kind of papers, you should trust me. What ever you do, i probably have more lawyers then you do.” Another example about this was a professor from KTH who worked for Stanford Univ. in USA and have been very close to silicon valley, she also said the same; “no one sign that kind of papers in silicon valley”.

All in all; i also believe that signing a NDA means nothing and moreover, ideas are just the 3-5% of the whole business, i can find you 10s of ideas everyday but the most important and the difficult part if execution not the idea.

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