Madison WI YPs

5 Reasons why Executives Should Build Strong Relationships

By: Kara Stucky

“If you want to go fast, go alone. If you want to go far, go with others.” -African Proverb

 

Whether you’re a young entrepreneur launching your first business, an experienced professional working at a large multi-faceted organization, or a student who hasn’t quite stepped out into the working world, one thing holds true: building successful relationships will be the key to your future success. Have you ever wondered, “Why should I network?” Or “What’s the point?” Here are five reasons building lasting relationships is critical to your success.

  • You’ll Outperform Your Peers: According to HBR.org, “Executives who consistently rank in the top 20% of their companies in both performance and well-being have diverse but select networks...made up of high-quality relationships with people who come from several different spheres and from up and down the corporate hierarchy.”
  • A New Perspective: Stepping outside of your current industry and meeting new professionals who are in a different domain or sector than yours will provide you with a different outlook and a fresh perspective. Tom Farley, President of the NYSE advises that “networking is about collecting relationships with interesting or influential people irrespective of the immediate benefit of these relationships.”
  • What Are You Giving Others? Those who get the most out of networking, and who build the strongest business relationships, are those who are generous. Offer others your expertise or help before asking for something for yourself. If you help out others, by offering advice or giving a referral, you’ll be more likely to build long-lasting relationships.
  • Gain Confidence: Sharing your story with others will help you build  confidence in your own brand building.  Once you share your story, try to find common ground and connect with others. Don’t feel intimidated - Farley encourages that “often times people miss opportunities to network because they feel intimidated, particularly if the other person is more senior.”
  • New Opportunities: Fortune.com states that “sometimes it’s individuals outside your immediate network that end up offering the advice you need to propel your career forward.” So remember, that even if you aren’t looking for a new career opportunity today, the investment in others that you are making today, could help you out tomorrow.

Don’t spread yourself too thin when it comes to building these relationships and remember that authenticity is key.

Join us at our next Magnet event for the opportunity to connect with talented, young professionals in the Madison area. Hope to see you there!

You’re a Millennial... No Offense

I recently had lunch with two experienced professionals who are leaders in the Madison community. We happened to be discussing generational differences and one of them turned to me and said, “You’re a Millennial, no offense.” I smiled, nodded and said, “None taken!” I’m proud to be a young professional, a Millennial – why would I take offense? A Millennial is what I am!

I’ve been thinking a lot about this concept of taking offense to being a Millennial. Should I have been offended? I really don’t think so. Being offended by the comment would mean that I believe that I fit the stereotype of my generation. A lazy, entitled, digital addict job-hopper. I’m not saying there aren’t young professionals that have these characteristics, but there are plenty more that break the stereotypical mold.

Millennials should be embraced. Generational differences should be embraced. No one should have to take offense to being who they are (or who others think they are because of their age). When someone pegs you with a millennial myth, challenge them, tell them how you’re different and open their eyes to the great work being done by your, our generation. Never take offense.

If you want to weigh in on this topic, you’re in luck! @YPWeekWI is hosting a Twitter Chat on Thursday, March 17 at 7:30 PM about Millennial Myth Busting – follow along and tell us what you think using #YPWeekChat.

By: Corinn Ploessl