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The Power of Networking - 5 Benefits Networking Can Have on Your Career

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1. Get Help and Be Helped

One of the most significant parts of building a professional network is the opportunity it presents you to ask others for help when you need it and to help other people in your network. It happens to all of us at some point when we need an extra pair of hands to help us solve a problem. All jobs present bumps in the road and it’s great to have a professional network you can lean on in times of struggle and vice versa you can lend a helping hand when your network need help.

 

2. Be Inspired by Ideas

Networking can be so beneficial to our creativity and inspire us to do more in our work. If you’re feeling a little lost or not as pumped about your job as you once were, go to a work event or conference and start talking to people! These people can have a similar role as you or a completely different role, or just work in the same industry. Don’t focus on what level they are either. Different levels of experience will bring you all kinds of different insights. It doesn’t matter what role they are in or what level they are, they will always share something new with you. It’s a great way to come back to the office with new and exciting ideas.

 

3. Build a Good Reputation

Building your network will get you known among those in your industry. More visibility is a great way to build your reputation. Getting yourself out there and being noticed by your peers will help you make a name for yourself. Word of mouth can go very far and if you make enough good impressions a level of trust for you and what you do will follow. This will stand to you if you decide to apply for a new role. You may not know your interviewer directly, but they may have a connection to you through a mutual contact, who has nothing but positive things to say about you.

 

4. Grow your Confidence

Career advancement isn’t the only benefit to networking. It can help with your personal growth as well. By continually putting yourself out there and meeting new people and stepping out of your comfort zone on a regular basis, will help you to build invaluable social skills and self-confidence that you can take with you anywhere. The more you network, the more you’ll grow and learn.

 

5. Gain New Friendships

The last benefit doesn’t impact your professional career, but it doesn’t make it any less significant. Spending time socialising and building your network will naturally lead you to making friends. Some of the strongest and long-standing friendships have started as work connections. The people you network with will be like-minded with similar aspirations and struggles as you so it’s not unlikely that a work relationship could develop into a friendship.

 

We have heard it time and time again, advancing in your career is just as much about who you know as what you know. That’s why networking is so important to your career, but networking can benefit you personally just as much as it can professionally. Spending time networking will be very worthwhile and the best part is that it’s never too late to start investing in your network.

Posted by Clare Reynolds on 17 April 2019

W1siziisijiwmtkvmdqvmtcvmtuvndevntmvmzqxl0fydgjvyxjkidi2me5ldhdvcmtpbmcucg5nil0swyjwiiwidgh1bwiilci0mdb4mjywiyjdxq

The Power of Networking - 5 Benefits Networking Can Have on Your Career

The Power of Networking - 5 Benefits Networking Can Have on Your Career

1. Get Help and Be Helped One of the most significant parts of building a professional network is the opportunity it presents you to ask others for help when you need it and to help other people in your network. It happens to all of us at some point when we need an extra pair of hands to help us solve a problem. All jobs present bumps in the road and it’s great to have a professional network you can lean on in times of struggle and vice versa you can lend a helping hand when your network need help. 2. Be Inspired by Ideas Networking can be so beneficial to our creativity and inspire us to do more in our work. If you’re feeling a little lost or not as pumped about your job as you once were, go to a work event or conference and start talking to people! These people can have a similar role as you or a completely different role, or just work in the same industry. Don’t focus on what level they are either. Different levels of experience will bring you all kinds of different insights. It doesn’t matter what role they are in or what level they are, they will always share something new with you. It’s a great way to come back to the office with new and exciting ideas. 3. Build a Good Reputation Building your network will get you known among those in your industry. More visibility is a great way to build your reputation. Getting yourself out there and being noticed by your peers will help you make a name for yourself. Word of mouth can go very far and if you make enough good impressions a level of trust for you and what you do will follow. This will stand to you if you decide to apply for a new role. You may not know your interviewer directly, but they may have a connection to you through a mutual contact, who has nothing but positive things to say about you. 4. Grow your Confidence Career advancement isn’t the only benefit to networking. It can help with your personal growth as well. By continually putting yourself out there and meeting new people and stepping out of your comfort zone on a regular basis, will help you to build invaluable social skills and self-confidence that you can take with you anywhere. The more you network, the more you’ll grow and learn. 5. Gain New Friendships The last benefit doesn’t impact your professional career, but it doesn’t make it any less significant. Spending time socialising and building your network will naturally lead you to making friends. Some of the strongest and long-standing friendships have started as work connections. The people you network with will be like-minded with similar aspirations and struggles as you so it’s not unlikely that a work relationship could develop into a friendship. We have heard it time and time again, advancing in your career is just as much about who you know as what you know. That’s why networking is so important to your career, but networking can benefit you personally just as much as it can professionally. Spending time networking will be very worthwhile and the best part is that it’s never too late to start investing in your network.

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Venture Capital in Berlin

Venture Capital in Berlin

Venture Capital (VC) is the key to success for any start-up looking to turn an innovative idea into reality. VC firms provide capital, resources, strategic assistance, networks and much more to start-ups at the critical early stages. In the past, Berlin and Germany as a nation has lagged behind its EU and global counterparts partly as a result of the nation’s culture of avoiding risk. Business in Germany tends to move slowly and in a prudent fashion which doesn’t bode well for start-ups. In 2013, VC investments into Berlin start-ups totaled just €133 million. A snapshot of VC funding in 2018 paints a very different picture. VC funding has skyrocketed in the last few years with future projections conveying a similar trajectory. In 2018, a total of €4.6 billion was invested in German start-ups, a 7% increase on 2017. Berlin took a significant share of this VC funding with an incredible €2.67 billion flowing to start-ups in the capital, a 2000% increase on 2013. This figure accounts for 59% of all VC capital invested in Germany and is an increase of 6% from 2017. Berlin start-ups account for 4 out the top 5 largest financing amounts for start-ups in the nation. Where Was the Venture Capital Invested in Berlin? E-Commerce start-ups have always attracted the highest level of VC investments in Berlin and 2018 followed this trend. A total of €1.64 billion was invested in German E-Commerce start-ups with Berlin start-ups collecting a healthy 67% of this figure. E-Commerce platform Auto1 Group headquartered in Berlin topped the list receiving an influx of €460 million in 2018. An interesting emerging trend is the rise of VC funding for Software and Analytic start-ups. These innovative start-ups that comprise of innovative tech such as SaaS, blockchain, virtual reality, cloud, cyber security and data analytics raised a nationwide total of €670 million with €341 million funneling into Berlin. This 56% increase from 2017 portrays the increasing trust and interest in new, innovative tech start-ups. SaaS accounted for €304 million, almost half of the VC funding. FinTech start-ups also experienced healthy growth with €456 million flowing to FinTech start-ups in Berlin. What Caused this Significant Increase in Venture Capital Funding? German VC firms operate on a prudent basis which is in line with German business culture. In the last few years, many large international VC firms such as Atomico, Balderton Capital, Partech and Mangrove have begun to heavily invest in German start-ups with Berlin attracting most of the attention and funding. This flow of international VC funding has broken the cultural barrier of risk-adverse German VC firms. Furthermore, German VC firms have seen this influx of competition and the rewards experienced by international VC firms causing them to question their prudent methods. The future is bright for start-ups in Berlin as forecasts predict the influx of VC capital to continue to rise year on year.

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Berlin's Start-up Scene

Berlin's Start-up Scene

“Poor but sexy”, the infamous Berlin tagline coined by ex-mayor of Berlin, Klaus Wowereit. The city has come a long way in the past decade transforming its reputation to become the “Silicon Valley” of Europe. Berlin’s start-up scene is growing at an incredible rate showing no signs of slowing down. Berlin solidified itself as the champion of Germany’s start-up scene in 2017. Venture capitalists invested a total of €4.3 billion into German start-ups with 58% of the investment going to start-ups in Berlin. A total of 233 rounds of financing raised €2.67 billion for Berlin start-ups, putting it just behind London and on par with Paris. 8 out of the 10 most desirable start-ups in Germany are located in Berlin with an estimated 30% of the nation’s start-ups setting up in the city. Berlin has clearly established itself as the prime start-up location in Europe. This can be attributed to a number of influencing factors: International Talent Pool Berlin boasts a highly diverse population with approximately 20% of the city’s residents coming from overseas. This multinational, highly educated workforce breeds creativity and innovation. Infrastructure The city operates a very efficient and affordable public transportation network that is fully integrated. It’s quick and easy to get to anywhere in the city or further afield thanks to the city’s expansive train network and two international airports. Office space is reasonably priced compared to other EU cities facilitating the rise of numerous co-working spaces enabling start-ups to get off the ground. Investment Climate Berlin is home to numerous start-up incubators and centres that help turn innovative ideas into reality. Furthermore, venture capital funding has been increasing year on year providing financial support to start-ups throughout the city. Vibrant City Berlin has a special, non-conformist culture that cannot be found anywhere else in the world. The city is steeped in rich history and has since grown to become one of the most unique urban areas in the world. The city’s vast party spectrum has something for everyone from industrial techno temples to up-market cocktail bars and beer gardens. The result, Berlin attracts all walks of life, each bringing their own skills, creativity and resources to the capital. Rent Prices Rent prices in Berlin are much cheaper compared to its EU counterparts such as Paris and London. This lower cost of living has attracted multinationals from around the world to start-up businesses while enticing highly skilled workers to relocate. Success Stories Berlin start-up scene has an impressive track record producing some remarkable “unicorns” in recent years: N26 The German Direct Bank, founded in 2013, has scaled to become a recognised name in the finance game valued at an astounding €2.7 billion as of 2018. Zalando This e-commerce company, founded in 2008, now employs over 15,000 people, operating in 17 countries posting healthy revenues of €5 billion as of 2018. HelloFresh The number one meal-kit company in the world, founded in 2011 went public in 2017 with a sizeable IPO valuation of €2.7 billion. Delivery Hero The online food-delivery service, founded in 2011, now operates in 40+ countries and was valued at €4.5 billion during its IPO in 2017.

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Recruitment Agency Myths

Recruitment Agency Myths

Recruitment agencies are often underestimated. A lot of people aren’t aware of the value a recruitment agency can have on a person’s job search or a company’s search for candidates. We have created a list of the most common myths associated with recruitment agencies, to set the record straight once and for all… “Recruitment Agencies are Expensive” One of the most common assumptions people have with recruitment agencies is, that you have to pay an agency to help find you a job. This is completely false. The way it works is that a recruitment consultant receives a fee from their client for placing relevant and qualified candidates in a job. You don’t pay the recruiter; the recruiter is paid by the agency they work for and the company who hires the jobseeker. “Companies can look after their own Recruitment. Agencies are Obsolete” Finding the right employee can be a long and complex process that even the most established human resources department in a large company can find difficult. Many companies utilize the expertise of recruitment agencies. With agencies having such a large bank of candidates on file and their own pool of specialist recruitment consultants dedicated to finding talent, recruitment agencies are invaluable to companies struggling to fill certain roles. “Recruiters don’t have Industry Knowledge” Often people think recruiters don’t understand the industry they are recruiting for. This is incorrect. Reputable recruitment consultants specialise in the areas they recruit for and have vast product knowledge of their market. Often a recruiter has a background in the area they recruit for or he/she is trained in that area so they understand what is required to work in that field. “Recruitment Agencies don’t care about Jobseekers” The perception of recruitment consultants is that they don’t care about their candidates and only want to place them in a job so they can make their commission. This may be true of some agencies, so you want to make sure you work with a reputable company. The success of recruitment agencies is dependent on the quality of the candidate’s they put forward to their clients i.e. your success is their success. Therefore, your agency should be working with you to find you a suitable position, provide you with detailed interview preparation and essentially hold your hand throughout the process.