The Blog
Customers are Your Greatest Source of Information
Why are customers often considered the most important sources of new product ideas? Your customers are your greatest source of information as they know what they want and want they may want in the future so receiving systematic feedback would serve you well. Ask your...
The Qualities Most Successful Entrepreneurs Share
You can provide for your family as an employee but if you chose business ownership then the qualities most successful entrepreneurs share are the following:
Bring Something to Your Partnership
They need to bring something critical to the partnership. They need to answer this question:
Start with a profitable IDEA
Hopefully, you get the idea. Every business starts with an idea. Of course, some ideas change the world and some simply pay the bills.
A Value Proposition Separates You From the Rest
A value proposition is what separates you from others in regards to your talent, skillset, etc.
Partnership Without a Profit Motive
Yes as forming a partnership can be for any reason at all. For example, if I had a partnership with my son I may waive my profit and reinvest back into the company to strengthen it and thus help him.
Who Decides If a Company Files for Bankruptcy?
Either the stockholders who hold a majority of the stock or the owner/ ownership. Others can recommend it but only ownership can sign off on it.
Components of a Successful Partnership
You don’t need to be best friends but there needs to be workable chemistry (Ying and Yang) that just fits. Normally I attract people different than me as I am high energy and more of a risk-taker.
How to Terminate a Business Partnership
Both parties need to agree if at all possible on a few things:
4 Idea Starters to Come Up With a Million Dollar Startup
Can you solve a problem you have faced recently that others also face?
3 Things You Better Have in Your Partnership Agreement
When entering a business partnership it is always wise to have some type of partnership agreement that at the very minimum accomplished 3 things:
Ready to Learn More?
Subscribe today to gain access to all of Sean's extensive content. This includes both Sean's Podcasts - The 10 Minute Entrepreneur and The 1 Minute Entrepreneur - as well as his video series - Developing the Entrepreneur Within.
Join the ever-growing community of Entrepreneurs with Sean!
Hi. I'm Sean Castrina and I'm going to help you build a business you can be proud of.
Get Your Weekly Dose of Entrepreneurship!
Straight to your inbox every Friday
