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Why should an entrepreneur build a professional network?

Answer and explanation

Correct answer: To gain collaboration, advice, and business opportunities

A professional network connects an entrepreneur with mentors, suppliers, customers, experts, investors, and other business owners. Trustworthy relationships may provide advice, market information, referrals, resources, collaboration, and opportunities. Networking does not remove the entrepreneur’s responsibility to decide, and ethical networking is based on mutual value rather than ignoring customers or unfairly harming competitors.

Related tags

Business NetworkingCollaborationEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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