Each of us is engaged in networking, but not everyone knows how to benefit from simple communication for career and business. In this article, we will consider everything you need to know about mergers and inquisitions networking for investment banking.
What is Mergers and Inquisitions networking?
Useful contacts can be an extremely important and effective tool for business development – both for a start-up and for a company with a long history. Therefore, it is so important for entrepreneurs to practice networking – establishing business connections and maintaining previously established acquaintances.
Networking is the creation and development of a network of useful acquaintances. This is an investment in the future: you simply make acquaintances that will be useful in a career or business. The more people you know; the more opportunities you have.
Online business networking is different from offline. When communicating on the Internet, there is more time to think about words, create the necessary image. More often online networking is social networks, forums, instant messengers. Social networks themselves suggest: with whom you can make friends, who have a lot in common with you, who can be useful in what way.
Mergers and Inquisitions is a website that will help you to understand the peculiarities of financial activity and master the basics of investment banking. This web resource was designed to help young professionals in the investment banking sphere.
The function of networking for investment banking
Some people manage to acquire useful acquaintances naturally: such people are sociable from birth and know how to win over others. But in the modern world, networking is a tool available even to introverts. So, there are 4 mergers and inquisitions networking secrets for specialists in investment banking:
- Think of a networking plan
Effective networking requires preparation, so first decide on the tasks. Identify a circle of people who could help achieve this goal. Where are they? What problems do these people face and how can you help them? Set a few specific goals before the event. This will make you look like you know what you’re doing. If you’re worried about getting lost, prepare an elevator presentation-style speech.
- Don’t be afraid to talk about failures
In business, and even more so in the venture capital market, there are no people who would never make failed deals. Be real: whether you are bored with old projects or they just failed, the main goal of networking is to find new opportunities, not discuss missed ones. If you can articulate what brought you to this stage in life and what you are going to do next, then the conversation with you will be exciting.
- Look for opportunities to meet
To meet useful people, you must strive to meet them. Go to events where investors are, visit places that are of interest to them. The same principle applies if you want to get to know a specific person. Whether he is a well-known venture capitalist or the CEO of a large company, he is a person in any case. Like all of us, he wears clothes, watches movies, and once he needed help too. And only if you find an opportunity to talk to him, there will be a chance that he will help you.
- Let’s go ahead
Offer help before you need it yourself. Help people, share useful resources, give them feedback and introduce them to each other. Remember that even today’s intern in a few years may have a lot of weight in your industry, and even then he will be able to help you.