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Angel Investors- An Entrepreneurial Partnership
It's time for entrepreneurs to get real when raising capital and examine their relationship with potential angel investors. Discover what you need to do as a small business entrepreneur to prepare for bringing an angel investor on-board.

Is Your Start-up Company Truly Ready for Business Development?

Business development-- defined as strategic partnerships, sales channel and reseller relationships, and other joint marketing and sales efforts-- can be an excellent way for start-ups and other small companies to grow their business faster and more efficiently. However, along with the benefits of doing a business development deal come many changes and trade-offs. In this article, we look at two key criteria for business development success: we argue that start-ups must be both 'operationally' and 'organizationally' capable of executing on a deal for the partnership to be a success.

When Opening A Small Business, Choosing the Right Business Structure is Something that Should Not Be Taken Lightly
Should you Incorporate, form an LLC, Partnership or Sole Proprietorship?

Not of Mice and (Yes) Men

Working with a business coach is a great way to grease the wheels of a growing (or struggling) business. The coach-client relationship is a partnership based upon trust and respect; there is but one goal- the success of the client. Of ultimate importance is the ability to develop clarity around the client goals and intent. This can involve some very powerful searching and since the truth is essential, the coach is anything but a ‘yes-man’.

Breakdown Breakthrough

Overcoming the 12 hidden crises of working women Are you a professional woman longing for a radical change? You are not alone. According to my research—a yearlong national study in partnership with the Esteemed Woman Foundation—seven out of 10 women today, particularly those in their middle years, say they are facing a major turning point in their professional lives. After devoting years to building successful careers, they feel that their professional lives and identities no longer work. As a result, most are facing at least one of 12 hidden work-life crises, including chronic health problems, financial bondage, and painful losses of the “real me.”

C House Italia signs franchise deal for Middle East

17th February 2010: C House Italia signs franchise deal for Middle East Italian restaurant and lounge franchise C House Italia has signed an agreement with Nicolas Jebran Houte Couture (NJHC) to expand the brand across the Middle East. The deal covers a 15 year partnership and will see the first Middle East C House Italia open in Beirut in May 2010. Owned by fashion designer Nicolas Jebran, NJHC will also open C House Italia franchises in Europe.

Plan Early for a Successful Partnership
Forming a company with a few colleagues these days may make all the sense in the world. And combining skills, assets and business development efforts may very well be a smart move. But, what happens when the bank asks for a personal guarantee of the company owners and one of them declines? Where do you go from there?

Startup Partners -- Can You Work With Someone Close to You?
Starting a business with someone you are already close to, like your spouse or best friend, can be very beneficial to the business. This article will help you evaluate whether it is the right choice for you and your partner and set up some ground rules for the partnership.

Partnership from the Start: Set Yourself Up to Unabashedly Promote

You've been to presentations where you love the speaker, they're providing so much value...and then they switch into their "sales mode." Their voice changes. Their enthusiasm fades, and you sense a kind of discomfort in them that communicates, "Okay, bear with me, I'm going to do the sales part now." Other speakers provide a lot of value throughout their whole talk and then throw in the "sales part" during the last few minutes. They race through their sales sheet so quickly that you're not even sure what they're talking about. Remember, a confused mind says..."No." That kind of gear shifting doesn't inspire you to buy, does it? In fact, it sends you in the opposite direction. So, what's the alternative?

Reinventing the Partnership with the Manufacturer
Distribution will always play a role in the supply channel. Manufacturers just can't do what distribution does effectively. But, distributors must recognize that change is upon them. They too must adjust to the evolution taking place in the supply chain. Today's distributors have the opportunity to reinvent the relationship and create a model that is mutually beneficial to both parties.

How to Free Up 10 Hours a Week
Have you heard of the Pareto Principle or the 80/20 rule? It goes like this: • 80% of your results are produced by 20% of your efforts • 80% of your income comes from 20% of your clients • 80% of your files are used 20% of the time

Lesson #5: Go After What You Want
“I think fantasies are for the birds,” Klein once said. “Anything I wanted to do, I did. If there’s something I want, nothing stops me.”

Sam Walton Quotes
Sam Walton Quotes

Lesson #5: Focus On Your Users Not Your Revenues
“If we wanted to, we could instantly turn this into $10 million in revenue per month by running pre-rolls [short video ads] on the videos,” says Chen. “But at the same time, we’re going to make sure that whatever revenue model we’ve built is going to be something that’s accepted by the users.”

The Top Ten Lies of Corporate Partners
In a manner of speaking, I’m running out of lies to tell. So far I’ve taken care of entrepreneurs, venture capitalists, engineers, and marketers. The target of this posting is “corporate partners.” (You might find a previous posting, "The Art of Partnering" interesting.)

Just like a small business should
John Jantsch at Duct Tape Marketing has a great post about Espresso Dating, the new partnership between Starbucks and Yahoo! Personals.

Get Right to the Point
I once hired a very qualified young man. I expected him to be great. But boy, was I ever wrong. This guy took so long to explain everything that I began to dread talking with him. He was just too slow. Yes, he was thorough and painstaking, but he couldn't keep pace. He wasted too much time.

Top Ten Reasons to Partner with Someone
Partnerships come in many forms. There are legal ones such as in business or marriage and there are loose ones when two people come together to work or share ideas but then go on to work or share ideas with others too. With a really good partnership the total can be more than just the sum of its parts. Here are some ideas about what you can gain from a partnership

Use Strategic Alliances to Grow Your Business

Many of today's successful businesses are built on strategic alliances -- a collaboration of resources for the purpose of gaining an advantage in the marketplace. This is especially true of virtual businesses, which are usually based on a network of people in different locations, with defined roles, in a temporary or evolving organization. In order to grow you need others. If hiring an employee or contracting for service is not the right solution, a strategic alliance or partnership may be the answer. Engaging a "partner" in the process means you will share risks, responsibilities and rewards. Strategic alliances are a great way to create or test new business ideas without a huge expense, but it does require attention and good management to succeed.

Help! I Want to Dump My Partner
Struggling with a weak or floundering partnership? Read this article to learn what others have done in similar situations.

Profit Growth Strategy #3 For Virtual Assistants

As an expert Virtual Assistant who focuses on more than a single niche, you will q.uickly learn your clients' products and services, and may actually be instrumental in the creation and implementation of some of them. With this knowledge, you can help your clients create new profit streams by creating downloadable reports, white papers or e-books. These profit streams can provide you more billable hours, a partnership in profits with your clients and client loyalty.

Partnering – the Good, the Bad, and the Ugly

Partnering is a common approach to launching or growing a business. Some people swear by it, some swear about it. While partnering is a valuable tool, far too many entrepreneurs dive into partnerships without fully understanding their complexities. In this column, Mandelberg talks about the critical to-do's and the common uh-oh's entrepreneurs seem to make over and over again. Learn how to escape from the pull of bad partnerships and create faster, bigger, sustainable success using partnerships the right way.

Setting up An Accountability Partnership

Before you jump right in and ask your best friend to be your accountability partner for the rest of your natural-born life, there are several questions you want to ask yourself before committing to a long-term relationship. These questions will help you figure out what you want in an accountability relationship. Take your time thinking through your answers; the only mistake you can make is to jump in too fast and commit to something that’s not right.

Structuring Your New Business
There are three possible legal structures to any business: a sole proprietorship, a partnership or an incorporated company. Which is best when starting a business? There are pros and cons to each of these structures.

Live and In Person: Setting Up an "IRL" Accountability Partner
Having an accountability partner you can get together with “in real life” (IRL) adds a new dimension to your partnership. Knowing someone “in real life,” not just online or via phone, is very different than communicating virtually and it brings some nuances to the table that a virtual partnership wouldn’t.

Accountability Mentoring Partnerships

If you’re just starting out in online business or have very specific needs, you may want to forego the traditional accountability partnership and choose to work with a paid mentor instead such as a business coach instead. Mentors, like accountability partners, come in all shapes, sizes, experience levels, specialties, and personalities. While you can expect to pay anywhere from hundreds to thousands of dollars for the privilege of working with a mentor, the relationship can earn you back your investment many times over, in saved time and sound business advice.

Next Steps In Your Accountability Partnership
After you've successfully worked with a partner for a while, you may be wondering what options you have for furthering your relationship. I've created this list of some of my favorite next steps.

Accountability Partnerships Series Conclusion

Creating an accountability partnership not only gives you the opportunity to get help in the areas you need support, it also lets you apply your knowledge and wisdom to someone else's business, helping them reach new levels of success. You may find you like coaching others and may therefore add this skill as a revenue stream in your business. Many an online coach started by helping just one other person, and then leveraged that experience into a profitable income stream. Don't be surprised if that happens to you!

Footwear Major Woodland to franchise internationally

Feb 16, 2010: Footwear and apparel player Woodland will open exclusive stores in select foreign markets later this year, marking its foray into single-brand retailing overseas. The company, according to its top official, would be using the franchise route for its international expansion. The home-grown brand is in advanced stages of negotiations in some markets like the Middle East, South-East Asia and Sri Lanka for selecting local franchise partners and said it will have three to four exclusive outlets abroad by the year-end. At present, Woodland is present in over 600 multibranded outlets in the Middle East, Singapore and Thailand.

Are Your Expectations Known to You?
We enter the world with high expectations. Somehow we know our parents will feed us, and look after us until we are able to look after ourselves. We attend educational institutions and know that the teachers are paid to teach us. We then enter the world of career choices, we find the perfect job for us and then, well it all falls apart.

Great Story Tellers

I have noticed that good sales people are often great storytellers. They have the ability to find the right story to resonate with your situation. They speak from experience and you know they know their stuff. They can paint a picture that is your picture and get you visualizing success in partnership with them. They seem to be able to connect disparate situations, events or feelings and find the common thread that binds them all together – together for you to connect with. And even if the story they are telling is not directly relevant to your business or market, the situation or person they describe feels familiar.

A view for the other side

Following for last week’s piece on Procurement, I promised I would delve further into the view from the other side of the table and how, we, as sales people, view procurement and some of the practices which help or hinder sales and partnership effectiveness. And what our common enemy is. So let’s take a look at the other side of the table. Many a seasoned sales person can tell you story after story about the ‘Gunna Gunna’ customers:Gunna do this, gunna do that be it never goes anywhere.

You Grow in Network Marketing - We Grow - A Partnership That Works!
One great way to grow your business is to partner with other individuals and small businesses. The idea being that as their business grows yours will as well, and likewise as you become more successful they will benefit.

Is Your PR Firm Right For You?
It’s important that you choose a public relations company that you can trust to guide your company’s communications towards realistic goals, while focusing on the specific issues your organization faces. Here are 7 ways you can tell if your PR firm is right for you.

How to manage the stress of being self employed
Running your own business hve you overwhelmed? Here's a few tips to regain control.

Magnetic Marketing Copy; Writing from a Position of Partnership
Do you ever feel sleazy or inauthentic when you write marketing or sales copy? Like you’re pushing people, rather than pulling them in? I know I have.

The most important thing to know about your strategic plan.

As part of the product development process for RapidInfluence we had numerous sessions with individuals both inside and outside of our target market. The purpose of these discussions were to work through the premises of our Strategic Planning Manifesto and to preview the first version of our product. One of the more insightful sessions we had was with Ian Smith of Portfolio Partnership and the author of The Smith Report, a must read for growth companies. In our session we discussed the need for companies to create strategic plans and more importantly to implement them. During our discussion, Ian rightly pointed out that success in strategic plan implementation was largely dependent on knowing what the status of various action items are within the strategic plan.

'Why it pays to reward your customers'
Over the last 10 years, I have learned many lessons managing my own companies and consulting to my clients and by far the single most vital lesson is ensuring that customers stay happy. In this article I share my thoughts about this essential topic.

My sales director wants equity - should I give it to them?
The best sales directors that I know are entrepreneurial by nature. They thrive on risk and strive to create a substantial upside. Personally, I would never take on a sales director role without the potential for ownership, but that's just me. I know the value I am capable of creating and I habitually work towards a long-term plan - I believe this far outweighs most salary and bonus only roles.

Winning the Battle in Your Mind
An article consisting of 1059 words explaining how to increase confidence

The Five Stages of Partnership
All partnerships, and all relationships for that matter, go through five predictable stages. Knowing these stages is like having a map that will help you to accurately assess where you are in your partnerships, see where you have been and where you can go. This will also allow you to deal effectively with the particular concerns of the stage you are in.

How Just One AMP Can Increase Sales
Sales! Must have more sales! Sales! Where can I find new customers? Sales! I am just one person! If you have had any of these thoughts, you may find this article of interest

IS YOUR BUSINESS PUTTING YOUR ASSETS AT RISK? BUSINESS ORGANIZATIONS: THE SOLE PROPRIETORSHIP

One of the first decisions a startup business owner makes is which organization form to choose. This is an important decision as it affects personal liability, income tax, and administrative costs. In this article, we discuss the sole proprietorship, arguably the easiest and most common form of business organization. The sole proprietorship has distinct advantages and disadvantages that should be understood before adopting this business form. If you are risk averse and don't want to lose your retirement savings, your cars, or your personal home, you need to read on.

If you thought recruiting staff was easy, try recruiting franchisees!
Recruiting franchisees is complicated. Franchisors are looking for a very special individual who has the drive to run his or her own business. And there are numerous other problems to overcome!

Audi Franchise to further expand in India; eyes 30% of luxury car market, through franchising
Buoyed by overwhelming response, German luxury car maker Audi would increase its car dealership franchise network in the country and aims to grab 30 per cent share of the luxury car market by 2011, a company official said.

Retail Partnerships
Partnering with restaurants and other retailers can be a powerful way of driving traffic and loyalty.

Life Coaching \| Business Coaching: How To Clarify Your Values
As people get busier and busier with their lives, career and work, often the things most important to them, get neglected. The path to a more fulfilling life is to honor your values on a daily basis. But how can you honor your values if they are not crystal clear to you, or if you have not even thought about them in a long time?

How To Choose The Right Structure for Your Business
In recent years the LLC has become the darling of entrepreneurs and small businesses around the country. But the LLC is not always the best choice. Sometimes a Subchapter S corporation or another structure is preferable. This article helps you choose the right structure for your new business

Sales Tip – Top 3 Selling Crimes: Bring in the Sales Crime Stoppers!
Salespeople need an edge in a down economy. You can get some edge from being a sales crime stopper and here are some sales crime stopping tips.

Creative Marketing Ideas for a Down Economy
Let's face it, 2009 is going to be lousy. But complaining about isn't going to help anyone. It's time to pick yourself up, dust yourself off and get creative. Here are some marketing ideas to get you started.

Lesson #1: "Loyalty of your people is a key to most any business success"
Cathy has built his reputation not only on the success of his business, but on the unique model with which he chose to expand. Instead of following the usual franchise route, he opted to form joint ventures with individual operators, thus guaranteeing “quality, supervision and the motivation of partnership.”

Do You Have the Right Stuff to Partner with Microsoft HP or IBM
Partnering with technology leaders like Microsoft, HP or IBM takes a huge commitment and a lot of effort to get off the ground. Before you start to engage, you need undertsand what these companies reqiure from all their partners. It will save you time and allow you to make the most of your partnership investment.

How to Make Money Selling Other People’s Stuff
In affiliate marketing, an affiliate marketer doesn’t need to have their own products and services to sell. All they need to do is to refer people to the merchant’s business site for them to buy the products and thereby, earn a commission. Affiliate marketing is great for beginners new to the internet business as well as those that want to add to their current business.

Pitching to Win and Winning that Pitch
You’ve got a viable product, you know that this large company would be very interested in it – you are now entering a high risk area – pitching your product to a much larger company.

Six Tips To Earn Extra Retirement Income With Affiliate Marketing
If you are just beginning to look into affiliate marketing as a source of extra retirement income the first the first thing you must do is choose the best programs to join. There are certain criteria to look for when researching a particular affiliate marketing program.

The What and Why of Executive Coaching
Driving the trend for executive coaching is the business reality that good people are hard to find and harder to keep. With a constant need to stay competitive, companies are seeing coaching as a way to help valued employees develop swiftly in a rapidly changing business environment.

Forming Business-to-Business Partnerships to Maximize Sales

A partnership with another business is an important step in the evolution of your own business. By combining forces with other businesses, you will be able to reach out to more people in a cost-effective manner. One local business contact can provide many leads when you consider their coworkers, spouses and, most importantly, clients. Learn more about how you can build rock-solid business partnerships and increase revenue for your own company.

Older Employees in Big Demand!!

Employers are facing a critical workforce shortage in the not too distant future. There are fewer younger workers entering the US workforce than there are older workers leaving: in fact the ratio is close to 1:3. And this labor shortage is predicted for all industries, from construction and manufacturing, to technology and health care. At the same time, the definition of retirement is changing; more baby boomers are redefining traditional retirement planning by working longer. Sound like a formula for a great and continuing partnership between you and your (or another...) company?

What Questions are Your Prospects Wanting You to Answer
The intellectual property that I own is in dealing with Fortune 500 Companies as clients and helping my solo-preneur prospect and clients identify and implement the system that has taken me years to develop and fine-tune. I didn’t seek this knowledge out strategically; it happened organically and as it should.

Why doesn't every bookstore carry my books?
Many new authors will be so excited about their debut book that they don't ask their publisher the right questions about distribution. Many assume that their books will get automatic placement in every bookstore across the country. Then the sad reality hits them.

A,B,Cs of Business Development: Strategy for the Non-Complex Sale
Most decision makers are very busy. Often they are willing to work with vendors, recruiters, etc. on an informal basis. If you have a great product or service that matches the client's needs, why complicate or slow down the sales cycle? Start simple and move into relationship mode as you build trust and understanding for the clients needs and interests.

Setting Goals -- The Fulfilling Way

1. Before you begin with this year's goals, do a "no limit list" for all areas of your life. For instance some areas would be: Career, Financial, Fun/Recreation, Doodads, Home, Friends, Family, Health, etc. Then under each heading, list what you desire. Keep in mind there are no limits for this list. So you need to pretend you have all the money, time, and resources you need to have all of it come true.

Forming Business-to-Business Partnerships to Maximize Sales

A partnership with another business is an important step in the evolution of your own business. By combining forces with other businesses, you will be able to reach out to more people in a cost-effective manner. The people who work geographically close to your company are the likeliest candidates to use your business. One local business contact can provide many leads when you consider their coworkers, spouses and, most importantly, clients.

Implementing Wealth Strategies
You always follow through with all the wealth strategies you learn and like, right? If you said no, you're not alone. I don't and most of my clients don't either. Actually, it's probably not a good idea if you want to keep balance in your life.

If you employ more than 50 people are you complying with the ICE Directive

If you employ more than 50 people, you should be complying with the ICE Directive (The Information and Consultation Regulations) which came into force on 6th April 2008. As a result, you will be legally bound to inform and consult with your workforce in permanent collective representative structures, i.e. European Works Councils (EWCs). This came into effect for larger companies employing 150 plus people in April 2005.

The Leader As Coach

With the changing demographics of the workforce - retirement of the Boomers and entry of Gen Y - as well as the prevalence of distributed work teams, there is a growing trend for managers to take more of a coach-like approach to leading their teams, especially when those teams are made up of knowledge workers. This article looks at how coaching is different from traditional management and identifies three crucial skills for effective coaching in the workplace.

Like a Rolling Stone - Andy Lopata interviews London's Queen of Networking
This article is reproduced with the kind permission of The National Networker - http://www.thenationalnetworker.com Carole Stone is a former BBC Producer who boasts over 33,000 names on her database. How does she keep in touch with them all and what do you have to do to get to the top of her list? Andy Lopata met Carole to find out.

Relationship = to relate with a significant other person lovingly everyday.

Look at it as a verb "to relate with a significant other person lovingly everyday" not a noun. It is a verb – continuous – you are in a relationship for as log as you are relating with this person. And if you are doing it so lovingly then you are in a goooood relationship! Whose responsibility is a relationship? 50-50? 80-20? In my opinion, each partner has to give 100% in order for a relationship to work. A real loving relationship is a partnership of mutual support and mutual pleasure and mutual respect.

The Power of Partnership
Ever notice how many people who have weathered insurmountable odds have a spouse, buddy, family member or business partner at their side? Is this a coincidence? Not at all! There is something incredibly positive and prevailing about the power of partnership. No matter the circumstance, just having someone in your corner will make it easier to persevere.

4 Questions to Ask Before You Get Hitched in a Business
At the beginning of 2011, I challenged you to consider the "end game" regarding your business - the point in every business' life when the owners have a decision to make. To stay or not to stay... to expand or not to expand... to sell or not to sell. In other words, which direction to take.

The benefits of coaching for the selfemployed and small business owner

A brief overview reviewing: - What is coaching? - What are the benefits to me - as an individual and especially as a business owner or self-employed person? - the value of coaching. Raised awareness. Focus. Clarity. More success, quicker, more effectively and more efficiently. - you get out of it what you put in! You can talk all you like with your coach, but its up to you to make it really work for you, and actually do what you plan to do. Your coach is there to support you and encourage you to achieve, after helping you find your best way forward.

The More You Give, The More You Get: How To Get Interviews With Experts In Your Niche

We all know what karma is. What goes around comes around... it’s the law of the universe. Simply put, the more you give, the more you get... or as Robert Cialdini puts it in the science of “Influence”, it’s the rule of reciprocity. Now, we’ve all heard of reciprocity with our customers. Give them bonuses, surprise them, and as we’ve riffed on, basically delight the customer to get them to love you. I realized then what we had been missing... we needed to delight our potential business partners too. So I put aside the time to study the course. Okay, I’ll admit... it did seem a bit dreary at first, listening to 12 hours of audio... but let me tell you it was well worth it in the end. The more you give, the more you get indeed. That’s the power of karma.

Have You Been Praying To RecessionProof Your Business
If you’ve been saying ‘I want to recession proof my business’ or ‘I want to feel secure no matter what’ then there is something that wants to be activated in you.

Find the Right Coach for You
Preparation and research are the first steps to finding the best coach for you. Here's a step by step guide to get ready for your search.

What are the 3 biggest challenges faced by supply chain/purchasing professionals today? (Survey Result 21)
There are many factors both internally as well as externally that are affecting supply chain/ procurement practices today. From the growing talent vacuum to the continuing lack of collaboration between Finance, IT and Purchasing relative to corporate initiatives. What in your own experiences and opionions are the top 3 issues that procurement professionals face?

What are the 3 biggest challenges faced by supply chain/purchasing professionals today? (Survey Result 3)
There are many factors both internally as well as externally that are affecting supply chain/ procurement practices today. From the growing talent vacuum to the continuing lack of collaboration between Finance, IT and Purchasing relative to corporate initiatives. What in your own experiences and opionions are the top 3 issues that procurement professionals face?

Types of Business Organizations
When you decide to operate a business, the first question to be addressed is what legal form the business will take. There are three typical ways in which you may carry on a business: as a sole proprietorship, a partnership, or a corporation.

Intentional Joint Ventures
There are many creative ways to partner with other people and businesses to boost your list size, increase sales, bring forth new products and sales, and add value to what your business already offers. I’ve always found joint ventures to be fun and if they put some extra cash in my pocket, all the better. Whenever I do a joint venture, it rocks our worlds in a positively huge way!

Customer Service, Customer Satisfaction
Customer attraction, satisfaction and retention, to knowledge, products and services (both internal and external) are driven by the customer’s perception of the value of the offerings relative to the competition. They are also driven by the connection the customer makes to the “real” or practiced organizational culture. Do they like doing business with the organization?

Should Franchises be Incorporated?

Purchasing a franchise can be one of the most exhilarating ventures a small business owner can experience. There are an infinite number of issues that franchisees must consider - what kind of franchise to purchase, where to locate, where to find financing, how to build the space, to name just a few. One of the last questions that a franchisee often thinks of is - what legal form should a franchise operate as? This article will review the considerations regarding the selection of business legal form with the franchise in mind and whether franchisors should consider requiring all franchisees to incorporate.

Doing Business in Canada - What You Should Know

Canada has lots of perks that make doing business in the North very appealing. Did you know that Canada leads the G7 countries in ease of doing business? And, according to the Economic Intelligence Unit, Canada is forecasted to be the #1 place to do business among the G7 countries for the next 5 years. Not only are business costs and tax rates low in Canada compared to other countries, but the country also boasts strong investment stability, industry leadership, a highly skilled work force, strategic location, and overall lifestyle advantage.

What Coaching Is
Last week I introduced you to coaching and started to outline for you what coaches do and how coaching works. I explained that coaching is an intangible service, that it’s future driven, how important the relationship is between a coach and client, why passion is required from both of them, and how educational coaching can be. Today, I am going to continue with more of what coaching is:

Lead by Example - 11 Benefits to your Business
Leaders in businesses set the standards and the pace for their people. And sometimes it is surprising how much their people look to them to show the way. So if you are the boss, take it for granted that your behaviours are being seen, and you can use this emphatically to be a model for the character of your business. Read on to find out how...

Small Business Essentials

In response to a recent e-mail question regarding how to succeed in a small business venture, I began to distill what I’ve learned from over one-thousand business owners of all sizes, categories and ethnicities. They are people whose television stories I’ve presided over as executive producer of the Making It! weekly TV show. Though the end goals are consistently familiar, the pathways to a thriving enterprise are many. Here are several important things they’ve taught me and our viewers.

Real Trust Isn’t About a Contract
Trust can't be mandated and contracts don't rely on it. No contract can contain all the elements and contingencies. Trust is the only thing that can ensure that contract terms are respected and fulfilled. Read why this is so.

Victory of a Village Vase Vendor
Muazzam Jan’s house is filled with dozens of beautiful vases and other decorations. Her oldest son’s backpack sits nearby, ready for him to go to school along with her two other school-age children; her youngest will soon join them. Muazzam now runs a successful business in partnership with her husband. But not too recently, Muazzam’s life looked very different.

1.7 Promoting entrepreneurship: Working Out of Poverty
The tools developed by the ILO to promote micro and small enterprises can be targeted to meet the needs of the poorest.

1.5 Skills development for sustainable livelihoods: Working Out of Poverty

We all know skills are essential to improve productivity, incomes and access to employment opportunities. Yet a striking feature of most poverty reduction strategies is the absence of vocational education and training – even though the vast majority of working people living in poverty cannot afford and have no access to training opportunities. The ILO is working with its constituents and others to rethink human resource development policies.

Meeting your Potential Job Share Partner Topics to Cover
Whether you are interested in sharing a full time job or looking for a great partner to share your business with, getting all of the facts out on the table will be your first step towards finding the right person.

Secrets of Successful Business Partnering
Partnering for business is not unlike partnering for a lasting marriage. Do the partners have to be similar in characteristics? Do they have to know each other for a long a time? Do they need a complicated “prenuptial” agreement? I venture to propose, not at all. The secrets to a lasting business partnership are actually quite simple. Below is a proven recipe.

How to Have a Successful Business Partnership
You and your friend have a great idea for a business. Your business plan is already half done. You can’t wait to get started: what could be better than working with a friend every day? To launch a successful business with another person, you need more than a business plan. You have to plan your approach to working together, too.

Choosing a Legal Entity for Your Business
There are three types of legal entity that can be used for running your business: • Sole trader • Partnership • Limited company

Planning Helps the Heart Grow Fonder
The world’s oldest form of business partnership is alive and well. In fact it is thriving and growing. It is the business partnership of two people who live together; they are called copreneurs. There are 227,000 Canadian couples who are copreneurs; and that’s not counting the unmarried couples!

Forming a Business

Whether you are forming your first business or adding to an existing one, it pays to set it up correctly. Choosing the wrong business structure will expose you to unnecessary costs and risks later on. Failing to address the key practical issues can result in you falling out with your business partners. This briefing focuses on: * The relative advantages of trading as a limited company, a sole trader or a partnership. * The mechanics of setting up a business, to comply with the law. * Choosing a name for your business. * The most important practical issues - agreeing the strategy and key operational and personnel issues with those you go into business with.

What Type Of Company Should I set Up UK
When setting up your company you need to decide at an early stage how you intend to structure it. What type of company legally beneficial - a Limited Company, a Partnership, Limited Liability Partnership or Sole Trader?

Zero Down Partnerships an Entrepreneurs Key to Starting a Business
Learn how two entrepreneurs used smart partnerships to jump start their businesses with zero down. This article details how a Facilities partnership can be used to share risk and revenue as opposed to signing a five-year lease, and another used an Engineering partnership to develop and bring products to market, eliminating the need for outside capital.

Preparing To Partner Effectively and Profitably
Thinking about forming a partnership? Read on to discover the key steps you should take to increase the odds of working effectively and profitably together. Without doing due diligence regarding the strengths of each partner and the parameters of the partnership itself, you have little chance for enjoying and profiting from a long-term, successful partnership.

Writing a Partnership Agreement for Joint Ventures
Getting involved in a partnership can be a great thing for your business and joint ventures often turn out to be wonderful. However, to make sure that you are protected, it is important to write a partnership agreement when you enter into a joint venture.

Why I Avoid Partnerships and Prefer Joint Ventures.
Most partnership problems are caused by lack of a good Partnership Agreement and complex personality and business issues associated with the structure and function of the entity. A Joint Venture structure can be much more user-friendly.

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