Are You The Missing Piece To A Profitable Business? (Part 4 of 5)

MissingPieceOfThePuzzleAThere are “thinkers” and “doers” in almost every situation. Which one are you really?

In Part 3 of this mini-series, we mentioned that being a “catalyst” is similar to being a “matchmaker”.  To understand our next category, we really need to expand the definition of “catalyst” first.  You see, there are actually two components for the term “catalyst” as I defined it.  It was necessary to do that because there is an analysis part and an execution part.  So, I decided to call the first part of the process “catalyst” and the second part was called “collaborator”. Continue reading Are You The Missing Piece To A Profitable Business? (Part 4 of 5)

Are You The Missing Piece To A Profitable Business? (Part 3 of 5)

MissingPieceOfThePuzzleADo You Have What It Takes To Be A Catalyst?  If so, You Are Very Special!

The word “catalyst” is not often used when discussing entrepreneurship, but to my way of thinking it really should be.  Except for  time spent in your chemistry classes unless you are a researcher, I would be surprised if you commonly use that word. Here is a short and direct definition: Continue reading Are You The Missing Piece To A Profitable Business? (Part 3 of 5)

Are You The Missing Piece To A Profitable Business? (Part 2 of 5)

MissingPieceOfThePuzzleAAre You Constantly Thinking Of New Ways To Do Things? 

If so, perhaps you could be thought of as an “innovator”.

The world has always needed and will always need “innovators”.  Nothing that is ever accomplished can be accomplished without “innovators”.  So if this term describes you, you are in an “elite” category. Continue reading Are You The Missing Piece To A Profitable Business? (Part 2 of 5)

Why Is Collaboration Important To Your Success?

TeamworkAWhy Are You Still Trying To Do Everything All By Yourself?

Whether you are attempting to start a business from an idea or expanding a business that has been in existence for several years, collaboration will always provide you with benefits.  In this article, I would like to focus on early stage start-ups and the importance of collaboration in such cases.

If I had to offer just one factor that has the greatest impact on an entrepreneur’s success, I would likely choose “collaboration or the lack thereof”.  I have seen the presence or absence of collaboration literally push entrepreneurs into a  successful situation or off a cliff into a disaster.

The world just works better when there is collaboration.  With it, great accomplishments can happen.  Without it, few good things occur.

So, what are the key benefits that you can expect from being collaborative and seeking others to collaborate with you?  There are many benefits, but they can generally be described in a rather simple ways.

Expect to make meaningful progress faster and to avoid costly mistakes along the way. Expect to accomplish goals that you alone cannot reach.  Expect to be able to “see around corners” because you will suddenly have many different viewpoints beyond your own.

Now, having confessed the many benefits of collaboration, it is fair to make certain that you also realize that successful collaborations are usually not accidental.  That is, there has to be structure to the process.  Collaboration without cooperation is a “waste of time and energy”.  Not only do you need structure but, depending upon the goals you are seeking, you just may have to spend some time selecting the most appropriate type of collaboration to use.

Yes, there are  different types of collaborations that can be used to solve particular tasks.  Perhaps the best way to approach the entire issue of collaboration is to begin the process by honestly accessing what your “needs” are.  that is to say, what steps in your business plan can you definitely not properly handle yourself?

Here are a few typical methods of collaborations that are used by entrepreneurs depending upon the circumstances of their projects:

Co-Founders:  This is a scary thought for some.  But, if you are wanting to start a business from an idea, you might want to consider this possibility.  You are quite likely going to need someone to help you to accomplish critical responsibilities during the start-up phase.  Choose wisely by selecting someone whose personality, skills and experience will complement yours.

Crowdfunding:  If fundraising is a major concern, you should consider this approach.  There are many companies available to assist you through the process.  Certainly, with this issue you will want to handle all aspects of the process correctly as it will be critical to do so.  There is a tremendous amount of effort required to launch a new enterprise, so allow the “experts” to assist and guide.

Incubators:  Sometimes the best approach will be to surround yourself with critical resources to speed the overall process.  By making use of incubators (companies focused on assisting early stage business efforts), you have the advantage of being able to receive guidance from development of your idea, raising money, gathering talented people to help you with specific tasks like manufacturing, etc.

Brainstorming:  Sometimes collaboration can be achieved in rather unusual ways.  For example, in some cities there are business groups where entrepreneurs and small business owners, investors and inventors meet and share ideas.  This can be useful in a number of ways should you find such a locale in your city.  It is an excellent way to meet other individuals who have similar aspirations.

This article was written by SDK Hunter Consulting Group

About The Author:

Sherman Hunter and SDK Hunter Consulting Group staff consultants provide global moneymaking opportunities and proprietary strategies that quickly accelerate business activity. You may familiarize yourself with these unique concepts by visiting the SDK Hunter Consulting Group blog located at:  http://sdkhunter.com

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Define Yourself – Are You A “Starter”, A “Finisher” Or Somewhere In Between?

StarterAShould I Start And If I Do, Can I Finish?

This should be a rather easy question to answer for most of us.  However, in our consultations, we have learned that most people really fit best in just one of these categories much more than they do in the other two – especially if they are describing their roles within business situations.

Entrepreneurs will often find themselves faced with business responsibilities ranging from starting a business to selling one.  The fortunate reality about this is that no matter which category is best for you, there is tremendous potential available if you organize your efforts properly.

Our SDK Collaborator Group makes it easy for you to maximize the benefits to be gained from your talents.  If you consider yourself talented in business planning, operations, support management, or even business acquisitions or takeovers – our strategies have been designed to provide you with opportunities where your skills can be applied to proprietary situations where you can be in control. Continue reading Define Yourself – Are You A “Starter”, A “Finisher” Or Somewhere In Between?

What Do You Think About Partnerships? Are They Good or Bad?

HandshakeAThe Handshake Is Just The Beginning.  What Happens Next Is The Key!

After spending a lot of years inside and outside of various partnerships, the only response to this question that I consider valid would be simply, “It depends!”

Of course, when the response is given the natural next question is often, “Well, exactly what does it depend upon”?  Which is followed by the only valid next response, “Everything.” Continue reading What Do You Think About Partnerships? Are They Good or Bad?

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How To Build Goodwill Among Your Associates

HelpSignANever Ever Miss An Opportunity To Build More Goodwill!

As It Can Oftentimes Mean The Difference Between Success And Failure!

There are several ways to define what is typically referred to as “goodwill” when describing the values associated with a business. Our way of focusing upon it is rather straightforward and simple.  If you are willing to help others and to share positive information, it will not likely be forgotten.  This is especially true when you provide this help during stressful situations.  Learn how to do it properly. Continue reading How To Build Goodwill Among Your Associates

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SPECIAL NOTICE: We recommend products believing that you may find them useful in your entrepreneurial activities. Please only purchase those products that you believe will be valuable for your business efforts. Some products may have affiliate links and if you do decide to purchase them, we will earn a commission.