What Makes Business Partnerships Successful?

What makes a business partnership successful? Having a good partner that is one who carries the same values as you, one who wishes for the business to be a success, and one who has greater strengths (or different) than your own. But there's more than just these things. In order for a business partnership to be a success it must also possess these things:

Different Skills and Talents

Each person in a business partnership should possess a different set of skills and talents. If both are the same, then the business will become lopsided. If each person has completely different skills and talents, the business will grow and thrive as a whole. Ideally, you want a partner who can balance your own weaknesses. Look for someone who has the same values and the same vision, but who has opposite skills and talents from you.

Equal Responsibilities

The best advice for a solid business partnership is to divide the responsibilities of the business into half for each person. While some business partnerships may be of different responsibilities, like a 70 / 30 or a 40 / 60, these are not ideal. Eventually the person taking more of the responsibilities may become resentful. The person taking less responsibilities may want equal share in the income. The best scenario is to divide all the responsibilities, according to talent and skill, into half. This includes the responsibility of the finances, so when it comes time to pay income, that too is a 50 / 50 share. It just makes it easier and makes the business run smoothly.

Like Minded

The vision of the business needs to be the same with each person in the partner. You both need to agree on the profit expected, and need to agree on the losses. Losses we hope never happen, but you need a solid business plan in place that will define your roles should a loss or losses occur. Without this type of like-mindedness the business will be doomed, or at the very least will not thrive as well as it could.

It helps to know the person well enough to know how they react under pressure. You want a partner without the risk of them running out on you, someone with whom you can place all of your trust. A good business partner will want the business to succeed and should be willing to do what it takes to make it happen.

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How to Attract an Investor with a Business Plan

An investor is someone who holds an interest in your business and wishes to grant you funds to help grow the business. An investor can be someone who is a silent partner, meaning they will give you the funds and do not want their name mentioned as a part of the business. Some investors may oversee the business, but normally the investor allows the business owner to make all the pertinent decisions about the business.

There are many different reasons a business may need an investor, but the bottom line is the need for extra funding and finances. A business may need an investor to start up. A business may need finances to purchase more inventories, or to upgrade equipment. A business may need extra finances to hire employees in order to help the business to grow.

In order for a business to attract an investor, a few things must be in place. First, the business needs to be viable. You need to show proof of this viability (if it is a start up) and you need to show proof of its growth if it is an established business. But the best thing an investor looks for in a potential business investment is a solid business plan.

Make sure the business plan includes all the details of venture capital. It would be wise to create a business plan that is specifically tailored to your particular business rather than a general business plan form. A solid business plan that conforms to your particular business with all the ins and outs will impress your potential investor.

The business plan must be clear on all points, especially the statement of purpose. The statement of purpose should be short and sweet and should outline, within a paragraph, the nature and intent of the business. It should list the final goals, such as "number one seller of X products by three years," etc.

A business investor will want to see all the biographical details of your business team. Showcase each member by listing their education and their work experience. Sometimes if an investor sees a solid team in place, they will be more willing to invest.

The business plan needs to list every single piece of inventory and equipment. Not only should they be listed, but explain what they do, how they are offered. List the price to purchase wholesale as well as the retail pricing. Make these details in a sentence or two, especially if the inventory list is lengthy.

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Looking for Ways to Learn New Cooking Skills?

The world today is one of fast pace. In many households, whether you are a single person living alone or a couple or family, between work, school and other activities, many people just do not have time to have a home cooked meal anymore. Wouldn’t it be nice to feel like you have all the skills that you need in order to cook a good meal for yourself or your family every night? Cooking does not have to be a chore that people dread and there are ways to learn cooking skills without having to spend hours studying methods.

Many people just simply get takeout food or delivery every night for dinner and think nothing of it. Not only is this a very costly solution, but very often you are eating food that is not the best for you where your health is concerned. You would be much better served by cooking your own meals with fresh ingredients.

The problem most people run into is that they feel like cooking takes too much time and is hard to learn. They look at giant cookbooks or cooking shows on television or the Internet and find that they are too hard to follow or understand. This frustration simply leads to a person not being interested in following through and going back to their usual ways.

There are ways to learn new cooking skills without having to invest a lot of time or money in the process. Finding some of the simple how to eBooks offered by ebook publishing open up the world of cooking to you. These books are designed in a manner that keeps things interesting for the reader and gets right to the point for you.

EBooks are written by seasoned professionals with vast experience. They are constructed in such a way that they get right to the important skills you need and leave all the fluffy writing behind. This means you can quickly learn methods and skills for the kitchen and apply them right away. Most of the books can be read fully in less than twenty minutes and are very reasonably priced.

The next time you are trying to decide if you want to see some ways to learn new cooking skills and develop skills, follow through on your thoughts. Take a look at what we  to offer. New books are being added all the time and in no time at all you can impress your family and friends with your cooking skills.