How do you find the best business partners?
Finding a good business partner (outside partner, such as an alliance) requires an amount of due diligence. This simply means you will need to look at all aspects of the other person's business and sometimes a bit of their personal life. You will need to find a common thread with the potential partner and then spend time developing the relationship before embarking on any kind of partnership that will tie you financially. I have heard so often that partnerships do not work. When I dig into the reason, each of the parties liked each other and decided to create the relationship on an emotional level. A partnership will very rarely fall apart so readily if you have done your homework. You should know about the financial background of the individual in business and at home. Credit ratings will often tell a great deal about an individual.
I have a business relationship with a person that only hires people that have a credit rating over 650. To him, this number indicates that the person he is hiring respects his rating, and will likely not take advantage of the company. He also said that a person with a good credit rating will tend to be more loyal to the job as they do not need to seek other employment or do side deals to make up the difference between their salary and what they owe.
There are many other ways you can determine who makes the best business partner besides a credit rating. You can also see what community activities they are involved in and what other organizations they have joined. A person that helps others is more than likely going to help the partnership.
Bette Daoust, Ph.D. has been networking with others since leaving high school years ago. Realizing that no one really cared about what she did in life unless she had someone to tell and excite. She decided to find the best ways to get people's attention, be creative in how she presented herself and products, getting people to know who she was, and being visible all the time. Her friends and colleagues have often dubbed her the "Networking Queen". Blueprint for Networking Success: 150 ways to promote yourself is the first in this series. Blueprint for Branding Yourself: Another 150 ways to promote yourself is planned for release in 2005. For more information visit http://www.blueprintbooks.com
Chicago limo Skokie ..The American system of business management has been admired and... Read More
Success is the desire of everyman on the face of... Read More
Nothing can drive a business down faster than customers who... Read More
When you hear the word "success" does it bring on... Read More
If you're like the rest of us, you've spent a... Read More
Many of our nations 400,000 franchisees run their businesses out... Read More
Microfiber cleaning towels have been around for about ten years... Read More
The home-based business market, sometimes called the SOHO (small-office/home-office) market,... Read More
Business card size works well for invitations to special events.What... Read More
Business consulting opportunities might be just what your are looking... Read More
Do you have all the customers your business can use?The... Read More
There is a continual trend we are seeing which I... Read More
Most small businesses will not even try to advertise on... Read More
American small business is again in transition. Many employees, now... Read More
Increase your profit potential by identifying ? and avoiding ?... Read More
Running a business, whether large, small or in your home,... Read More
First you have to start with knowing your budget and... Read More
Have you ever wondered what the difference is between a... Read More
We're birds of a feather, public relations and small business.... Read More
The last time I spoke and went into a bit... Read More
Get maximum results with minimum effort. Sounds great doesn't it?... Read More
How much is your time really worth? Is it worth... Read More
Many mobile pressure-washing companies turn to government contacts to make... Read More
Seventy percent of US households use the web when shopping... Read More
A common hazard faced by new entrepreneurs is a lack... Read More
limo O'Hare Bonfield ..Writing a business plan for your Solo Entrepreneur business doesn't... Read More
Now that winter has passed, the annual ritual of spring... Read More
As small business owners we're in business to make money... Read More
Motivational author and speaker Jim Rohn says that for a... Read More
Competition in the business world is often viewed as a... Read More
There's been a recent rise in the number of elderly... Read More
The stock market is still on a wild roller coaster... Read More
While driving through Pennsylvania farmland, you have probably noticed an... Read More
Whether you operate a chain of restaurants, a mom-and-pop convenience... Read More
During the 1980 presidential campaign, candidate Ronald Reagan vowed, if... Read More
You may find this Newsletter a little long winded but... Read More
What will your business look like a year from today?If... Read More
The Dynamics of Daylight Savings Time changes the way we... Read More
Obtaining a business credit card enables the small business owner... Read More
In today's economic climate, the first priority for the small... Read More
1. Leadership Is Learned ? While many people appear to... Read More
Small business owners often enter their field with great expectations.... Read More
As the owner or an employee of a small-to medium-sized... Read More
What are the benefits of using a Freelance Consultant /... Read More
We have all seen the mobile washing units cruising our... Read More
Many ventures are faced with the challenging task of raising... Read More
Car Wash Crime in the Hood. Apparently not everyone is... Read More
One of the best ways to make money in the... Read More
Congratulations, you are starting a small business! You are taking... Read More
Today is a Red Letter Day! It's special because today... Read More
Small Business |