As a small business owner, it’s easy to get caught up in the excitement of an average day. Especially when work piles up in and around the office, entrepreneurs don’t always take the time to consider the long term impact of what they’re doing. Here are a few things to keep in mind that will help you promote the long term success of your business when the going gets tough.
What are the adv/dis of a “Strategic Alliance”?
Strategic alliances can vary from simple joint marketing agreements to full-fledged joint ventures. We do not know the specifics of your plans but typically strategic alliances are formed for the purpose of collaborating on new technology or product development…
Forming a General Partnership?
Doing Business As (DBA) name, assumed name, fictitious name, and trade name generally refer to the same thing, but business name registration laws and processes do vary by state.
What are some resources to meet Angel Investors for funding a business?
Of course, the angel investor category can include family, friends, and business associates. Also, the type of business venture and amount of capital needed can influence where to look for angel investors. For example, your local accountant, lawyer, banker, or another business contact…
Let’s Celebrate Administrative Professionals Day!
April 24, 2013 was Administrative Professionals Day. It’s an important day to remember the important work of secretaries, administrative assistants, receptionists, and other professionals.
Be Greener on Earth Day 2013
Today is Earth Day 2013, and it’s a time for business owners to think about their green initiatives and the things they can do to be more green. Office Depot surveyed 1,000 small and medium-sized business about their environmental consciousness, and they had some really interesting results. I want to share some of the highlights—maybe they’ll help your thinking about these questions.
Maximize Your Giving by Avoiding Takers
The difference between givers who climb the success ladder and those who struggle comes in who they do their giving to. The most successful givers are strategic when they give: they will give generously to fellow givers as well as to takers, but they will be very cautious about giving to takers.
A Sense of Desperation
We are all going to experience failure and disappointment in our lives. The key to success, including in business, is reacting the right way. We all need that sense of desperation, that driving motivation to do whatever it takes to make it. We need to feel a little uncomfortable and use that as a spur.
Building a Team through Shared Goals
For any business to succeed, you have to build a team that works together. That team includes you as the business owner, any employees you have, your vendors, your partners—everyone who is part of running your business. When it comes to building that team, although talent is important, a cohesive group that sticks together is the number one priority.
Go for the Win-Win
If a business owner were just thinking of himself or herself, then the business would never make it. Sure, things might be ok for a little while, but long-term sustainable success only comes when your business is focused on other people. Going for a win is not enough; you need the win-win.
