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Why is networking important to do before launching the startup?

Why is networking important to do before launching the startup?

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Networking is very important in business for a number of reasons. Firstly, Networking helps in securing finances for a start-up. A start-up needs a secure source of finance to operate in the initial phases until it becomes profitable. Secondly, networking helps in gathering knowledge and technical know-how to start and run the business successfully. Thirdly, networking helps in ensuring a smooth supply chain so that the necessary supplies are received on time and on a suitable credit. Fourthly, networking can help to secure projects and clients to sell the output of the firm.

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