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Digg it UP - Strategic Alliance - The Underused Option
Trends Worth Billions – (Part 1 of a 3-Part Series) To be deprived of any source of ingenuity, no matter the reason, is to limit the range of possibility so vital for discovering big, new ideas.“I feel overwhelmed!” said Leanne, a store manager for the past five years. “I’m spending more on advertising but sales keep slipping. I don’t feel like I’m on top of my business anymore.”“You’re not alone,” I replied. “I hear that same refrain from many business owners in spite of our booming economy and low interest rates. All that good cheer does little to pacify a business that’s struggling to make ends meet. Do you know why sales are slipping?”“If I knew I could adjust my strategy but I can’t identify the ro A relatively little used option, for inventors and entrepreneurs, with limited Employees Or Independent Contractors For Business You are an entrepreneurial inventor with marvelous ideas in your area of expertise. The ability to create models, prototypes and concepts flows easily from your fertile brain. Nevertheless, all you have to show for your creative efforts is a garage full of dead end stuff, despite all of your efforts.A small business faces one or the other dilemma because of its limited resources and capital. At particular stages of growth, you may require an extra hand but find that your cost factor is restricting. You might think of hiring a contractor instead. Whether to hire a new employee or an independent contractor is an important business decision. Both options have their own separate pros and cons.Hiring an Independent Contractor1. AdvantagesReduced Overhead: This means reduced costs in expenses, payroll, ben Many creative people have an area of knowledge in which they excel. They are in their comfort zone there and can appear to be a master of this precise universe. However, taken just a bit outside the protective lines of this tight little planet, they are lost souls. They can not communicate their brilliance, demonstrate their value and commercialize their creativity. This is all too often a loss for the economy and society at large. A great invention that does not arrive in a timely fashion to the marketplace is a huge loss on many levels. Innovation is the juice of life for a vibrant economy. To be deprived of any source of ingenuity, no matter the reason, is to limit the range of possibility so vital for discovering big, new ideas. A relatively little used option, for inventors and entrepreneurs, with limited Managing Your Career Change efforts is a garage full of dead end stuff, despite all of your efforts.What really does not change in the world is the need for change. It is this bug in you or the environment around you which is constantly after you for a change. If one changes her career 3-4 times in her life time, that much she needs to carefully manage her career change. Mind you, career change is synonymous to changing boats in the middle of a storm.Managing Your Career ChangeYou have to evaluate your need for a change pragmatically. This way, you can stop yourself from falling prey to impulsive actions. Being Many creative people have an area of knowledge in which they excel. They are in their comfort zone there and can appear to be a master of this precise universe. However, taken just a bit outside the protective lines of this tight little planet, they are lost souls. They can not communicate their brilliance, demonstrate their value and commercialize their creativity. This is all too often a loss for the economy and society at large. A great invention that does not arrive in a timely fashion to the marketplace is a huge loss on many levels. Innovation is the juice of life for a vibrant economy. To be deprived of any source of ingenuity, no matter the reason, is to limit the range of possibility so vital for discovering big, new ideas. A relatively little used option, for inventors and entrepreneurs, with limited Is Buying a Franchise More Like Buying a Job? se universe. However, taken just a bit outside the protective lines of this tight little planet, they are lost souls. They can not communicate their brilliance, demonstrate their value and commercialize their creativity.Some folks have likened the buying of a franchise to buying a job. In some cases this is true such as with the 7-11 franchises and the way they work. Inventory is automatically ordered and paid for out of deposits made and a check for the difference between the costs is paid two times per month.Other franchises like Subway some have said is more like buying a job than actually owning a business. Why you ask? Well, because you take out a business loan for $160,000 plus and sign a lease and you must purchase all your prod This is all too often a loss for the economy and society at large. A great invention that does not arrive in a timely fashion to the marketplace is a huge loss on many levels. Innovation is the juice of life for a vibrant economy. To be deprived of any source of ingenuity, no matter the reason, is to limit the range of possibility so vital for discovering big, new ideas. A relatively little used option, for inventors and entrepreneurs, with limited Are You Suited for Self-employment? is is all too often a loss for the economy and society at large. A great invention that does not arrive in a timely fashion to the marketplace is a huge loss on many levels. Innovation is the juice of life for a vibrant economy. To be deprived of any source of ingenuity, no matter the reason, is to limit the range of possibility so vital for discovering big, new ideas.A recent poll conducted by Yahoo! Small Business showed that nearly 3 out of 4 Americans have considered starting their own business. In fact, of more than 2,200 adults surveyed, over half (51 percent) said they would like to launch their small business within the next 5 years.Clearly, entrepreneurship is a part of the American Dream. But is everyone suited to being his or her own boss? Here’s a 10-question quiz that can give you a quick idea of your chance for success if you decide to go out on your own. Keep A relatively little used option, for inventors and entrepreneurs, with limited An Action Plan for the Job Search To be deprived of any source of ingenuity, no matter the reason, is to limit the range of possibility so vital for discovering big, new ideas.To be successful to today’s competitive marketplace, you need to have an action plan in place to help maintain your job-search momentum, keep you organized and ensure you have everything ready when it comes time to meet the prospective employer face to face.If you have an action plan for reaching prospective employers, you are doing well. Many people never reach that level of effectiveness. It is so easy to simply send out resumes and hope someone calls rather than take positive actions which complement the process of A relatively little used option, for inventors and entrepreneurs, with limited ability to fund or license their product, is the Strategic Alliance. A Strategic Alliance enables a product, invention or service to become absorbed within the structure of a going business. The business handles all aspects of production, sales, marketing and finance as if the item was invented in house. In return, the inventor receives an income stream for a defined share of the profits generated by the product, a consulting agreement or employment working in his area of expertise on the project. Many successful Strategic Alliances occur when an inventor, recognizing his areas of weakness, is knowledgeable about industry conditions, patterns and networks within this universe. Software writers, engineers, chemists and technicians often utilize this narrow gauge form of networking. It is a strategy available to any inventor having specific industry experience with application to their novel prod
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