Posts Tagged ‘business partnership’

Choosing the right business partner

Finding the right business partner is a risk all on its own. Get it wrong and you will be royally screwed. Get it right; you might still be royally screwed, because people change. A once motivated and ambitious man would no longer be motivated or ambitious if he suddenly loses a member of his family (forgive my cynicism), hits the lotto, or simply just changes and wants to move in a different direction. However, there are…

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Collaborative competition

Competitors – Friend or Foe ?

Competitors can simply be defined as
“one selling or buying goods or services in the same market as another”
… per Merriam Dictionary

or “those rotten SOB’s that undercut my pricing, run their business without any regards for proper business ethics, and generally derate our entire industry”
… per an upset business owner

How do you view your competitors? As small business owners we all have competitors. Sometimes they are…

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Business partners

Your strategic partners in business could be your best friends in business.

Yesterday I attended an annual conference for CPA (Certified Public Accountants) that was held near the Miami Florida area. I was there to meet with CPAs and accountants to see if a synergy exist between their efforts and mine. Throughout my business career I have always viewed my CPA as a strong and valuable ally. Actually as you build a business, there is a need to…

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STOP!

What is the 1st step one must take when thinking about buying a business or going into business with family or friends? STOP – and allow yourself careful consideration.

I think the concept of going into business with a life long friend, or a good buddy from college, or your brother, dad, sister is a fairly common thought process. Family run businesses are prevalent throughout the business communities. There are many successful family businesses, so they must be a good…

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Indian lady

China is the new economy powerhouse, but India is the most small business-friendly country in the world.

Regardless of opinions saying that India, despite being the destination for outsourcing for quite a long time, lack professionalism and quality, I view India as the most competent country in the world when it comes to outsourcing, especially in IT.

I’m not endorsing Indian professionals and freelancers without any valid ground. I’ve worked with companies and individuals originating from India, mainly in…

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I’ve been involved in franchising for 3 years, and all I can say is this: franchising is like having a family.

You can’t do as you wish to your business – you have to discuss, discuss and discuss with your franchisor.

Not only that, you should build a ‘coalition’ with other franchisees to propose a campaign or change to the franchisor. In other less typical case, the franchisor request your help to persuade a less cooperative franchisee, that is usually…

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