September 20, 2016
A lesson from Corporate America give us a slightly different take on popularity contests and alliance partners. In writing about the legal brouhaha that frothed over Google’s purchase of YouTube, Yahoo! vet Tim Sanders points out an often-overlooked facet of choosing a business or strategic alliance partner: what’s the downside? Not just the downside internally, but also externally. What is your partner’s reputation in the field? Will the alliance give anyone pause for thought before doing business with you? The way Tim looks at it, You cannot buy or partner with companies that have enemies . . . if those enemies are important to your business model. No matter how much the media likes your potential partner, and how many teenagers are addicted to it, you won’t make enough money to compensate for a crack in your business model. In short, it might make good dollars-and-cents/sense today, but what about tomorrow? Six months from now? One year down the road? Is there any danger of being tainted by their reputation (which can last longer than…
Continue ReadingEntrepreneurs who want to raise capital from angel investors really need to consider the process from the angel’s point of view. Every audience you’re trying to sway needs to be able to see “what’s in…
Read MoreYou’ve reached a point where you’re ready to tear your hair out. You’re pulled in 17 different directions and, try as you might, you haven’t found a way to manufacture the 28-hour day. Much as…
Read MoreMany people have started a business partnership (or limited liability company) with at least one other person. According to the IRS, that’s at least 14 million people. And that doesn’t include those who have started…
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