Archive for July, 2010

Finding a Business Partner
Monday, July 26th, 2010

This can be a tricky but sometimes a very rewarding task. But first off you need to decide a few things before you go out on the hunt.

1. Do you really need a partner to achieve your goal of success? If the answer is “Yes” then keep reading.

2. Why is it that you need a partner? If you can answer this then you will have a head start as far as requirements go when finding a partner. You will want to look for someone that is very knowledgeable about the business you are going into and you will also want to look for someone that can offer something that you can’t.

Finding someone as dedicated as you with the drive and passion you have for your business might be a fairly tough task. You must create a specific list of requirements so you don’t let yourself take on the wrong person. Remember if you hand over 50% of your business to someone else you probably won’t be able to take it back if the partnership doesn’t work out.

Posting on the forums looking for a business partner might not be your best bet as many people that reply might not have the intent you are looking for. A while back I posted on a forum looking for a business partner and every single person that replied either had no knowledge of the business I was in or they were all talk. If you do find a potential business partner online I wouldn’t hand over a portion of your business right away, make them earn it. Give them a bunch of tasks to do and see how they perform, this is like a test and it will show their true knowledge and capabilities.

I would highly recommend finding a business partner by finding someone you already know. If you can find someone you already know then you are ahead of the game. Becuase you will most likely already trust this person and you probably would work well with them.

Always remember never just give away a portion of your business to anyone, make sure you trust them and make sure you know they can handle what they are getting themselves into.

Steven McDonald - Founder/Owner

Posted in Advice | No Comments »

Brainstorming an Idea
Monday, July 26th, 2010

Like most of us we all want to be our own boss and make tons of money. We all have that common goal but what differientiates us is how we get there. Creating a business idea may seem tough but it could be easy if you just think. Most of the time your “idea” for your business is right infront of you but you just don’t realize it.

I can almost guarentee you that if you just sit down and brainstorm for about 15 minutes you can come up with an idea. All you need to do is think about what you love to do and what you see yourself doing down the road. You want to run a business that you enjoy becuase if you don’t enjoy what you are doing you will rarely succeed.

Once you have a list of all the things you love to do, analyze each one and think about how you can create a business out of it.

For an example if you enjoy working on computers in your free time you can easily create a business out of that. You can open a computer tech shop right in your own home or even open up your own place right in town.

Ideas are everywhere and most of the time they are right infront of you. If you come up with an idea you will never know whether it will be successful unless you make the idea come to life. Remember that you don’t need a new idea to create a successful business.

Steven McDonald - Founder/Owner

Posted in Advice | No Comments »