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 ReadingShould you freely, readily, easily share your intellectual property? Does “share, share; that’s fair” apply to the board room as well as the dining room? Methinks not. This short video explains why. Am I being…
Read MoreDo you like your clients? Do they respect the advice they give you? Does it feel like a collaborative relationship when you’re working together? If not, that’s a sign you need to shore up your…
Read MoreThe following 5 tips will help you avoid complications when hiring contractors. You want to grow your business, but the thought of taking on employees–dealing with salaries, payroll taxes and personality issues–scares you more than…
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