{"id":3271,"date":"2017-12-07T16:54:53","date_gmt":"2017-12-07T16:54:53","guid":{"rendered":"https:\/\/www.sage.com\/en-gb\/blog\/?p=3271"},"modified":"2025-07-14T13:24:11","modified_gmt":"2025-07-14T12:24:11","slug":"entrepreneur-network-boost-business","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-gb\/blog\/entrepreneur-network-boost-business\/","title":{"rendered":"This is why joining an entrepreneur network will boost your business"},"content":{"rendered":"
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\n\t\t\t\t\t\t\tGrowth & Customers<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t
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\n\t\t\t\t\t\tThis is why joining an entrepreneur network will boost your business\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t

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\n\t\t\t\n\t\t\t\t\"Sabuhi\t\t\t\tSabuhi Gard<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n\n\n

Last year, a total of 657,790 new businesses were started in the UK, a steady rise from 2015 \u2013 608,110 and 2014 \u2013 581,173. One thing that is likely to have helped those businesses is joining an entrepreneur network.<\/p>\n\n\n\n

Networking is a great way for you to receive \u2013 and offer \u2013 business support. It plays a key role in establishing any new business, or growing one, while it can also make a positive impact when it comes to showcasing a brand or product and sharing ideas.<\/p>\n\n\n\n

It’s a really useful way of meeting people who can help you solve a problem, too, as you bid to turn your business ambition into something tangible<\/a>.<\/p>\n\n\n\n

Admin is one of the biggest issues that businesses face. If you decided to take the plunge, set up your business and sell your own products and services, it can be a bit of a shock to see how much admin there is to deal with.<\/p>\n\n\n\n

From chasing late payments<\/a> to creating invoices<\/a> and dealing with accounts, there can be a lot to juggle.<\/p>\n\n\n\n

Networking solutions<\/strong><\/h2>\n\n\n\n

However, joining an entrepreneur network can lead to you finding solutions that will make your life easier<\/mark> and help you keep on track with running your business. You might find you bump into an accountant during a networking session, who can save you time by doing your accounts.<\/p>\n\n\n\n

Or during a conversation with someone you meet at an event, you might find out about accounting software<\/a> that will help you keep your cash flow in check.<\/p>\n\n\n\n

Philip Salter, director of Ten<\/a>, an entrepreneur network, says: \u201cBeing an entrepreneur can be lonely. It’s hard to speak openly and honestly about the challenges of running your business to you employees and sometimes you need a break from any co-founders.<\/p>\n\n\n\n

\u201cInformal or formal groups allow entrepreneurs to share challenges and learn from their peers. Deals might also be struck but this is rarely the main reason for these groups existing.\u201d<\/p>\n\n\n\n

There are many resources available, from government-led “growth hubs”, Salter points out, to free events, joining a local entrepreneur network or club and registering with an online business community that’s specific to your industry, product or business.<\/p>\n\n\n\n

Philip adds that Ten is all about helping entrepreneurs “either indirectly through impacting policy or directly through practical support”.<\/p>\n\n\n\n

He says: “We are the Secretariat of the APPG for Entrepreneurship, which sits across the House of Commons and House of Lords. We host regular events with ministers, entrepreneurs and experts to address key policy challenges.<\/p>\n\n\n\n

\u201cWe also run a number of practical programmes. The Female Founders Forum, which we run with Barclays, runs speed mentoring around the country. And the Leap 100 is made up of the owners of 100 of Britain’s fastest growing businesses.<\/p>\n\n\n\n

“With [UK law firm] Mishcon de Reya, we are able to offer focused practical support for entrepreneurs through this programme.\u201d<\/p>\n\n\n\n

Practical help and advice<\/strong><\/h2>\n\n\n\n

Hannah Martin set up Talented Ladies Club<\/a> in 2013 with her friend Kary Fisher in order to offer entrepreneurial mums practical help and advice with setting up and progressing their businesses.<\/p>\n\n\n\n

She says: \u201cClubs and networks like ours and the Mum Enterprise Roadshow are all the more powerful because they\u2019re not created by business tsars who don\u2019t understand the struggles women face.\u201d<\/p>\n\n\n\n

However, if face-to-face networking doesn\u2019t appeal or you\u2019re “time poor” \u2013 perhaps you have prior family commitments or working on your business doesn\u2019t give you much leeway to get out and about \u2013 there are other options available to you.<\/p>\n\n\n\n

Hannah says: \u201cThere\u2019s an increasing amount of online training, which is often affordable, accessible and can be worked on in your own time.<\/p>\n\n\n\n

“It also helps to have positive role models \u2013 stories of women succeeding in business \u2013 to make it seem a possible path. Plus, there are some free business Facebook groups for women.<\/p>\n\n\n\n

\u201cNew technology and apps now make running a business easier. You can set up with lower costs, often from home if you need to, or from an affordable co-working space.<\/p>\n\n\n\n

\u201cAnd online platforms offering everything from accountancy to legal packages mean that even small start-ups can afford to access support if they need it.\u201d<\/p>\n\n\n\n\n\n

What are the pros and cons of networking?<\/strong><\/h2>\n\n\n\n

Carlo Gualandri, founder and CEO of Soldo, a multi-user spending account for businesses, says: \u201cHaving been an entrepreneur for decades, I have experienced first-hand the pros and cons of networking groups and events.<\/p>\n\n\n\n

\u201cMy conclusion is that it depends on what stage you are in your business. For those just setting out, it’s good to establish yourself among your community with competitors, like-minded leaders and in your sector. But then you need to build the business and that takes time and effort.<\/p>\n\n\n\n

\u201cPick the two best events during the year and stick to that \u2013 don’t become an events butterfly as you’ll start to lose focus<\/mark>. However, there may come a time when you want to raise a round of funding to support growth.\u201d<\/p>\n\n\n\n

\"Lauren
Entrepreneur Lauren Aston joined a local creative network in a bid to improve her business<\/figcaption><\/figure>\n\n\n\n

When entrepreneur Lauren Aston<\/a> set up her knitwear business \u2013 Lauren Aston Designs<\/a> \u2013 in Devon, in the south of England, she made use of her local business network.<\/p>\n\n\n\n

She says: \u201cI was new to the area so I joined a local creative business network. it was based in Devon and before the business was even launched, I went along. It was all women, they were giving advice and we helped each other out. It was nice meeting people in a similar boat.<\/p>\n\n\n\n

\u201cI have also made use of lots of online courses, so I can improve my business [with regards to online marketing] by taking photography and Instagram courses.\u201d<\/p>\n\n\n\n

What about entrepreneur network alternatives?<\/strong><\/h2>\n\n\n\n

Royston Guest, founder and CEO of Pti Worldwide<\/a>, a consultancy dedicated to growing businesses, says there are alternatives to attending traditional networking events and numerous \u201csmart strategies\u201d you can engage in.<\/p>\n\n\n\n

From becoming a thought leader to creating a blog on your website, joining LinkedIn or running a systemised referral process through existing customers, there are lots of ways to reduce the need for “cold networking”, if need be.<\/p>\n\n\n\n

What are your entrepreneur network stories? And have you made any connections that have benefited your business and made your life easier? Let us know in the comments section below.<\/p>\n\n\n\n

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Ambition In Action<\/h2>\n\n\t\t\t\t\t\t\t\t\t
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Want to grow your business but struggling to do so? Download this free e-book for advice from Peter Jones and the winner and finalists of the Sage Ambition competition who faced challenges and overcame them using their business ambition.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tGet your free e-book<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\"\"\t\t\t<\/div>\n<\/div>\n\n\n

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Join more than 500,000 UK readers and get the best business admin strategies and tactics, as well as actionable advice to help your company thrive, in your inbox every month.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tSubscribe now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\"\"\t\t\t<\/div>\n<\/div>\n\n

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