Business partnerships are by definition intense affairs, you spend more time with each other than in your marriage, you have to work together towards a common set of objectives the whole time, and you don’t actually love each other like you do your spouses.
New Year’s (and all time’s) advice to build a Fun Business that sustains you for years to come. The top Five things you must focus on in 2017 and beyond
How do you go about answering the type of questions every small business owner needs to ask him or herself, every day, every week and every month. If you can’t answer them in your business, you’re managing with your fingers crossed, hoping everything will be alright.
Accepting that anything could happen, good stuff as well as bad stuff, doesn’t make one a pessimist. Pessimists will imagine the worst. Optimistic realists on the other hand, accept that bad stuff will likely come their way, but they back themselves to be able to manage their way out.
I do think the business John is looking at buying is healthy. And yet I told him not to do it.
One of the reasons we procrastinate is that we aren’t clear on what it is we are meant to be doing. I suddenly realised a few months ago, that I was stuck in the middle of exactly that kind of procrastination swamp. I didn’t know what I was meant to be doing, because there was nothing to do.
The competition is irrelevant. Most of them start up and fall over again (85% disappear in the first 5 years), because they don’t dot the I’s and cross the T’s. If anything your competitors effectively prepares the customers for you to get it right for them