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Tom Friel: How to Network

129.4K views
•
September 10, 2021
by
Stanford Graduate School of Business
YouTube video player
Tom Friel: How to Network

TL;DR

To effectively network, recognize that your connections extend far beyond your immediate contacts. Make specific requests for introductions, show gratitude, and maintain relationships with those who help you; this can create future opportunities and strengthen your professional ties.

Transcript

[MUSIC] We talk a lot about networks. Most people don't have any idea how big their networks in fact really are. Your networks are enormous. I mean, you start with the people in the room, you start with everybody they know. You start with people that they know. You look at graduates of Stanford, people that they know, the places that they've worked... Read More

Key Insights

  • ❓ Networks can be massive, including not only immediate connections but also their networks.
  • 🆘 Specific and credible requests make it easier for others to help you.
  • 😑 Expressing gratitude and staying connected to those who have helped you is beneficial.
  • 🏛️ Networking is about building relationships and mutual support.
  • 🙈 Personal effort in networking is important, as relying on others to do your work is seen as lazy.
  • 🥺 Being polite and maintaining good relationships can lead to future cooperation.
  • 😑 Following up with updates and expressing gratitude is a mark of professionalism and courtesy.

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Questions & Answers

Q: How big can our networks actually be?

Our networks can be enormous, extending to hundreds of thousands of people when considering everyone our connections know and the organizations they have been associated with.

Q: How can we make effective networking requests?

Instead of asking vague questions, it is better to make specific and credible requests that show you have already put effort into finding information or connections. This makes it easier for others to assist you.

Q: Is it important to thank people for their help?

Yes, expressing gratitude after someone has gone out of their way to help you is not only good manners but also leaves a positive impression. It keeps the door open for future assistance and maintains a good relationship.

Q: What should we do after someone has helped us?

It is crucial to follow up with those who've helped you, providing an update on the outcome and expressing appreciation. This not only maintains the connection but also keeps the possibility of further collaboration open.

Summary

In this video, the speaker discusses the size and importance of one's network and emphasizes the value of specific and well-thought-out requests when seeking help or introductions. He highlights the importance of showing gratitude and staying connected with those who have helped you.

Questions & Answers

Q: What are some ways to define the size of one's network?

The speaker explains that one's network extends beyond just the people they know directly. It includes everyone in the room, everyone they know, and everyone those people know. Additionally, connections can be made through alumni networks or shared work experiences.

Q: How can one benefit from their network?

By tapping into their network, individuals can find individuals who may be willing to help or make connections on their behalf. This can be particularly useful when seeking introductions to specific individuals or industries.

Q: How can one make effective requests for help or introductions?

The speaker advises against general or lazy questions when seeking help. Instead, he recommends being specific and doing some of the legwork beforehand. By demonstrating a genuine interest in the person or project, individuals are more likely to receive assistance.

Q: Why is it important to be specific when making requests?

Being specific in requests shows that individuals have put in the effort and have a clear purpose for the connection. This makes it easier for someone in the network to make introductions or assist in a meaningful way.

Q: What should one do after receiving a favor or assistance from their network?

It is crucial to follow up and express gratitude to the person who helped. A simple email to acknowledge the meeting or result shows appreciation and maintains a positive relationship. This can lead to future opportunities and continued support.

Q: How does expressing gratitude benefit individuals in the long run?

By thanking someone for their assistance, individuals leave a positive impression and keep the door open for future interactions. Those who have helped in the past are more likely to do so again in the future if they have a good impression of someone.

Q: Is it important to maintain connections with people who have helped you?

Yes, it is important to stay connected with those who have helped you. Not only is it polite and good common courtesy, but it also allows for future collaboration and support. By keeping the relationship alive, individuals can continue to tap into the resources and expertise of their network.

Q: How should one handle requests for assistance that haven't been followed up on in the past?

If someone reaches out after a long time without any updates, the speaker suggests using discretion in how to respond. Often, individuals may not be inclined to assist those who have not maintained contact or updated them on previous requests.

Q: What is the speaker's perspective on those who don't show gratitude or maintain connections?

The speaker admits that he may not be as responsive or willing to help those who have not shown appreciation or stayed connected in the past. It is important to leave a positive impression and maintain relationships for future opportunities.

Q: What is the final advice given by the speaker?

The speaker emphasizes the importance of gratitude, maintaining connections, and showing genuine interest when asking for help. These practices not only benefit individuals in the short term but also build strong networks for future success and support.

Takeaways

Establishing and nurturing a strong network is essential for personal and professional growth. By being specific and appreciative when seeking help or connections, individuals can make the most of their network. It is crucial to maintain relationships and regularly express gratitude to continue cultivating a robust and supportive network.

Summary & Key Takeaways

  • Networks are much larger than we think, encompassing not only our immediate contacts but also their connections, experiences, and affiliations.

  • Making specific and credible requests instead of general ones can make it easier for others to help you.

  • Expressing gratitude and keeping in touch with those who have helped you is not only polite but can also open doors for future opportunities.


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