You should remember that for anybody looking to buy something, they’re also looking to see if its profits will exceed the cost at which they bought it. Keep this in mind when you’re considering selling your college business when you graduate. That said, any buyer of your business will be looking at its ability to [...]
Clients are the heart of your business; they can help you make it or break it. Your relationship with them is also a two-way street. But when the street turns one way, and you are suffering more than you are profiting from your relationship with them, it’s probably time to let them go. It’s okay [...]
The answer to the age old question “how can I make money from nothing?” is usually “it’s impossible.” Which, logically, I guess is correct. But in business, maximizing profits and revenues from a pre-existing product or service is key, and it’s something Facebook has impressed me with the past few months. Facebook example I’m assuming [...]
In the previous post, I defined the joint venture and defined the kind of joint venture you’d like to enter. This next part will elaborate more on the process. Assess your readiness for a joint venture. You will not only share profits with your business partner; you will also be sharing risks. Be realistic about [...]
A joint venture can be very profitable for a business; it will allow you to pool your resources alongside another business to achieve a goal. This may be expansion, developing new products or moving into new markets. It can also mean imposing a more powerful market presence and business influence. Indeed, an increase in resources, [...]
