Posts Tagged ‘partnership’

Forming Fast Partnerships

Thursday, August 23rd, 2012 by

I was hearing an opinion today from a person who believed that when trying to find partners for a business you should just go through people really fast without all the research as if you are trying to find someone to marry. Essentially, it is all about the money and resources and so simply treating everything like a number is what has created the less stress for him and as well the most success.

I guess it really depends on what kind of business you are doing. For example, I would think if you are like a serial entrepreneur that is doing things such as making and flipping websites left and right that maybe that kind of approach would work good for. I don’t think I would ever have the confidence to do this for a more long-term business though. It probably does make it super easier to exit a business though if your whole intent was to make money only and then leave.

Second Chances When Ditched Or Not In Business

Saturday, April 7th, 2012 by

Funny situation the other day. I have often heard many times in business people are willing to put their personal values and hunches aside when it comes to doing business with a person who has known to have say ditched them during times of need as obviously they thought there was nothing left to gain. So just the other day this person who is kind of in the same situation all of a sudden starts becoming friendly to another again and my initial thought was simply to just ignore him without even the thought of giving a second chance.

Maybe it’s just me, but in these types of situation where people aren’t willing to support you for the good and bad times from my experience they always end up leaving or finding excuses to justify not doing things. Therefore, it isn’t really worth your time and energy. For the times I have seen others allow people like that to re-enter their business life is when their mentality becomes more of a they are willing to establish a business relationship with them again too, but their mentality now is that they will simply use them in a controlled way where there is no real trust.

I guess an example is if it was a job it’s almost like keeping a guy at a job as a cheap labour where all they are doing is mopping the floor now as opposed to trusting them with anything substantial with no opportunity for growth. Seems kind of harsh though huh? I would personally think even in that situation they would still find some way to get you when you are down though in my opinion.

Exclusive Rights In The Beginning or Not

Wednesday, March 28th, 2012 by

I was reading about these two companies that try to acquire independent publishers in an effort to create a large network of content providers to attract companies to do business with them. The interesting thing was the difference in its contract philosophies. Basically, one place seems to require exclusive rights whereas the other one you can pretty much join them and go whenever you wish while being more flexible with what one publishes. You’d think one or the other would be the more clear favor in terms of attracting businesses with them, but surprisingly both of them have about the same amount of partners.

I guess to me it should usually come down to who you think will offer you the most for what you need as in the beginning you can’t really be too demanding. It should be more on who you think can help you grow at your early stage as opposed to focusing so much in having all the perks and thrills of people who have already made it, so to speak. Kind of reminds me of like that Dragon’s Den show where many times it’s not so much how much money that people are getting that is the sway decision maker as opposed to the experience and support that one would get as a result of working with them. Of course, there is a limit where you don’t want to end up doing all the work while getting nothing in return.

Sticking With Big Players or Trying Lesser Knowns

Tuesday, September 13th, 2011 by

So I was having a conversation in regards to that stock photography idea and one thing that came up is how accounts have to be approved for most of the larger suppliers if you want to be a provider. As well, the wait time can be about two weeks or more. While at first we were thinking of trying one company only, this made us think if we should be trying out a larger variety right from the start incase the wait time becomes too long or that the accounts couldn’t be approved for whatever reason.

I know usually in situations like these too you tend to always just go for the larger companies to work with as it just seems more safe. However, sometimes when you think about it putting all your eggs in one basket with a large company may not be the wisest choice or that smaller companies may be more inclined to give you better deals.