Leave It to the Gods
- March 20, 2014
When striving for a business goal, when is enough . . . enough? Or, as Kenny Rogers would sing, do you know when to hold ’em and when to fold ’em? More, on Daily Dose…
Read MoreEver feel like your big box competition is an immoveable mountain? Well, it doesn’t need to be that way. One way that small business can compete with larger rivals is by forming strategic alliances. Strategic alliances can fill gaps in your value proposition when you’re compared to huge competitors … yet allow you to retain your benefit as a small, customer-focused provider. Alliances can take many forms. You might share office space, advertising costs, or customer lists. The companies may produce joint business proposals, or offer combined services to provide one-stop shop convenience. It can even be a joint venture investment – like several individuals partnering to rehabilitate a piece of commercial real estate. Obviously, each opportunity will be unique, but here are general guidelines to forming profitable strategic alliances: Choose partners with complementary skills or products – Of course, your ally shouldn’t offer competing products or services. Instead, their offering should complements yours – their customers should want your products/services and your customers theirs. It doesn’t have to be 50/50 – One ally…
Continue ReadingWhen striving for a business goal, when is enough . . . enough? Or, as Kenny Rogers would sing, do you know when to hold ’em and when to fold ’em? More, on Daily Dose…
Read MoreIt seems counterintuitive, doesn’t it, to prepare for the end when you are just beginning your business. But, as former President Dwight Eisenhower was known to say, “if you fail to plan, you plan to…
Read MoreAre you working all hours but not seeing the financial payoff? There’s a reason this happens so often to service providers. It’s because their time “evaporates” … … much like whisky evaporates from the barrel…
Read MoreI know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.
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