Chances are the answer to the above question is easy: we all do. However, what exactly is the benefit of having a business collaborator? Many of us just don’t like other people getting involved in our own business. Too many people having a say in how a business is run can slow efficiency and even detract from business quality. This does not include any personal frustrations from working with people with whom we simply do not like. But small business collaboration brings advantages to the table that make it worth the trouble. That’s why it’s so important to choose your business collaborators carefully.
A business collaboration is a relationship two or more businesses have with one another that benefit all involved. Continue reading →
You’re a talented and innovative thinker planning to launch a ground-floor venture. Should you go it alone or bring in a business partner?
As we mentioned in our earlier blog, “Is it Too Much to Ask for the Perfect Business Partner?” a number of business pairings throughout the years have turned into great successes. Primarily because of the skills and traits each partner brought to the pair. However, a lot had to do with the actual relationship between the individuals involved.
If you are like me, then you have been forced to suffer through your share of presentations given by uninspired, uninterested and disorganized people. “I can do better than that. Much better!” One might say. But one might also find that when the time comes to collaborate on one’s own presentation, that creating an experience of oratory (plus visuals!) that will wake up the back row is more difficult than it might initially seem.
That being said, as I have already said, going into a business presentation, people are not necessarily expecting anything amazing – so use that to your advantage by providing the audience with something amazing. And here are a few ways to do so. Continue reading →
The traditional business paradigm encouraged companies to secure their assets by remaining isolated from other corporations. While businesses still must protect their products and designs, there is a sentiment today that appreciates the benefits that the world gains when all business subscribe to collaboration to solve global issues.
Your small business exists because it has a product or service to sell. However, you can’t have a sale if you don’t have a buyer. And you can’t have a buyer if you don’t successfully generate and track sales leads.
What Exactly is a Sales Lead?
In general, a sales lead is a potential customer who previously indicated an interest in your product or service. They are not a customer…yet. Your job (or that of your sales reps) is to sway that individual or business so that they become your customer.
A small business starting up faces a lot of challenges, and many of those challenges are due to limited resources. Small businesses have to find creative ways to establish themselves as legitimate competition for their often much larger competitors, and somehow reach enough customers to not only maintain itself, but to grow as well. It’s a daunting situation, and according to a recent working paper from Harvard summarizes that it is harder for those just starting to succeed. But those that do succeed show an interesting trend in ideas: a lot of the success comes from some form of collaboration, either in the form of funding or in the form of ideas passed on to beginning entrepreneurs from their former employers. But collaboration can go much deeper and be much more fulfilling than that.
When you first opened your doors for business, you were probably excited about the opportunity ahead. You had researched the market, talked to advisors, investigated financing, and made your dream come true.
As many people know, it can be very difficult to grow revenue for their company. Do you have the right sales strategy in place? Maybe you don’t even have a written strategy. Are sales growing as expected? Maybe you should double check your sales strategy or put one in place to guarantee your company continues to have some growth.
The first reason you should check your strategy is to ensure your entire sales team and the whole company Continue reading →
For the under-30 crowd, a career isn’t about graduating college and working for a Fortune 500 company anymore. It’s about finding a passion, usually involving social, economic, or environmental issues.
In the May 2012 The Tennesseanarticle, “Young entrepreneurs blaze their own trail,” writer Duane Marstellar suggests that more and more young adults are becoming entrepreneurs for economic and personal reasons. Marstellar cites:
According to the Inc. article, “How to Network to Increase Sales,”
If you routinely return from a networking event with a pocketful of business cards that aren’t useful to you, you need to rethink your strategy. While it’s good to make friends, it’s better to make money.
The difficulty is that while networking is a useful sales tool and many business professionals Continue reading →
Today in a world where there are literally millions of products being sold, it’s importnat to have a strategic plan to increase your sales. There are many things competing for consumer’s attention. Implementing a plan to get the consumer to buy your product and increase your sales growth is very important. You can use many avenues to do this. Some are to develop a marketing strategy, provide excellent customer service, and also to have an good social networking presence. Continue reading →
Regardless of what you sell – product or service – or how you sell – brick and mortar, online, or both – the first step in the sales process is to identify the right customers for your business. Understanding who your customer is will help you know where to find them.
The shortest distance between two points is always a straight line. However, selling directly to your customer instead of developing an indirect sales channel isn’t just about cutting out the middleman and keeping all the profit for yourself. It’s about considering the pluses and minuses of going it alone.
Selling direct may sound like the most profitable way for a company to do business, until you consider the costs that go into selling this way. Let’s compare Microsoft and Apple.