This paper explores the value of social networks for business development and it looks at the nascent entrepreneurs’ sensemaking of social collaborations. The initial analysis of the data gathered from five countries (South Korea, Poland, Slovenia, Ireland and United Kingdom) reveals that networking can benefit and hinder business progress in four phases of social network development. The interviewed young entrepreneurs acknowledge that social networks lead to new opportunities but can also create obstacles. The new opportunities present in the form of expanding one’s skills and competences, receiving support, information and mentoring, while drawbacks result from inaccurate advice, wasted time, jealousy and lost focus. The findings of this study can inform various institutions from education to chambers of commerce on how to improve social networking to help the young entrepreneurial workforce in building these skills at a younger age before embarking on the entrepreneurial journey.
|Title of host publication||2021 International Conference on Global Entrepreneurial Talent Management and Social Collaboration IV|
|Publication status||Unpublished - 21 Jun 2021|
|Event||The 2021 International conference on Global Entrepreneurial Talent Management and Social Collaboration - Chonnam National University, Gwangju, Korea, Republic of|
Duration: 22 Jun 2021 → 23 Jun 2021
|Conference||The 2021 International conference on Global Entrepreneurial Talent Management and Social Collaboration|
|Country/Territory||Korea, Republic of|
|Period||22/06/21 → 23/06/21|