June 7, 2016
by Bob Meyer, Editor of BarterNews
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From the desk of Bob Meyer...
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The Monday Motivator!
30th edition of The Monday Management. Topic is about
Click here to open pdf document.
Developing Effective Strategic Alliances
Know thyself. Take the time to thoroughly analyze what you desire
from a strategic alliance. Make sure your intent and expectations
are realized and addressed in a written agreement.
Avoid using the term partner, particularly
in written documents including marketing materials. There is a very
specific legal connotation of partners and partnerships, and it
exists even without a filing with the Secretary of State.
Understand the language. Some of the "contract" terms you need to be
familiar with include limited liability, indemnification, joint and severable
liability, and liquidated damages. Be sure you understand the ramifications of
incorporating mediation and arbitration language into an agreement.
At the beginning, talk about the end. There
are two topics that are difficult to discuss at the beginning of any
relationship — (a) what should be done if something goes wrong, and
(b) what’s the best way to sever the relationship. These issues need
to be addressed in a written agreement. You have a better chance of
salvaging a relationship if you can refer to pre-specified
conditions and approaches to resolution.
Protect the corporate veil. Be careful how
you sign an agreement. You should always sign in your official
capacity on behalf of your company. Depending on your business
entity, you may be able to circumvent giving a personal guarantee.
Seek legal advice. Many entrepreneurs avoid
this important step. There is a common concern that if they
introduce a legal agreement they will alienate the other person.
Legal agreements can and should be user-friendly documents that
define the specifics of a mutually beneficial relationship. A solid
agreement will define your business relationship, protect all
parties involved, and set forth remedies for conflict.
Use a multi-discipline lawyer. Find a lawyer
with a strong business background and, ideally, one who has a solid
understanding of sales and marketing. These skills ensure you will
receive sound business advice, not just legal advice. Consider the
legal fees an investment hedge against big headaches, not an
unnecessary expense. Another plus is that once you have created one
of these agreements you may be able to use it again and again with
BarterNews.com — World's Largest
Hundreds of valuable articles,
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Inside The Mind Of The Entrepreneur
⇒ Greater mental
According to Heidi Hanna, author of The Sharp
Solution: A Brain-Based Approach for Optimal Performance,
entrepreneurs excel at switching tasks quickly. "It may be from
taking on too much at once, or that multitasking is more important
for their success."
entrepreneurs born that way or are they self-made? Research shows
that some people are actually wired that way. They were found to
have the following inborn characteristics:
perceived stress levels
"Most successful entrepreneurs say they
have high levels of stress, but thrive on it," Hanna says. In their
next phase of research, her team will look at biological markers to
see whether stress is harming entrepreneurs or not.
⇒ Above average
A positivity bias is the non-conscious presumption
that you are safe, whereas someone with a negativity bias sees
threats everywhere. On a negative to positive scale of 1 to 10, the
average person scores a 5.5, but entrepreneurs hit an average of
⇒ Accurate and
Entrepreneurs have above-average motor coordination. At
first Hana thought this to be insignificant, but then she realized
it might be linked to a key trait. "As I talked to entrepreneurs
about what makes them different, they said they make quick
decisions. If one turns out wrong, they’re confident they'll be able
to make it right."
Is Your Trade Exchange Missing Out On
Valuable New Business?
your barter company's listing on BarterNews.com isn't current, you
are definitely missing out on new business. The web site
BarterNews.com receives heavy traffic - with over 150,000 page-views
every month. Entrepreneurs and corporate executives check the
thousands of articles, the weekly "Tuesday
Report," and the "Contacts
Section" of our site. They use the latter to find barter
companies with which to do business.
Is your barter company's listing up-to-date?
To keep your listing current is very easy. See the links below to (A)
update any changes to your company's listing, such as new location,
phone number, web site or other information, and (B) if your company
has not been listed.
Here's how to get on board:
make changes to your listing
Pursue The Passionate & Avoid The Zombies
By Mark Hopkin
Whether we like it or not, we become more like the people we spend
the most time with and most people's time is spent at work. Who you
choose to spend time with in the office can affect your learning
curve and, consequently, how prosperous you become. In order to
learn everything you can to achieve your vision, you need to
surround yourself with colleagues, employers and clients who are on
fire, people who have a clear vision.
This is true of friends and even romantic relationships, but it's
especially true of the people you work with. The goal is to
accelerate learning while making it fun. Being with people you like
who are also skilled and prosperous allows you to almost
effortlessly develop the same skills that make them successful. The
transformation happens through osmosis.
The people you choose should admired for their determination, for
the knowledge they've acquired, for the values they live by, and for
their efforts to achieve success — not only in their job, but in
their life. To help you spot those people, look for the following
Spending more time with these kinds of people will not only
provide you with a shorter path to prosperity, but will also be a
lot of fun. So remember: pursue the passionate, avoid the zombies.
(Mark Hopkins is the author of Shortcut to Prosperity: 10
Entrepreneurial Habits and a Roadmap For An Exceptional Career.
After building a leadership career with companies like Hewlett
Packard and Emerson Electric, Hopkins founded Peak Industries, a
medical device contract manufacturer, which he grew to $75 million
and later sold to Delphi. He then founded Crescendo Capital
Partners, a private equity firm, and Catalyst, a private foundation
supporting both Colorado-based nonprofits and micro-lending in the
For more information, visit
follow Mark on twitter @10shortcuts.
How To Get More Sales In
Our street-smart restaurant
marketing report shows proven ways to rapidly boost your
restaurant's sales & profits.
The Growth and Use of Secondary
Capital (New Money) Creates Unprecedented Wealth In Today's New Age
There are many forms of secondary
capital — which can be defined as any financial instrument that
measures and communicates value in a common language. Would you like
to see and learn more about the many forms of secondary capital?
We have 70 free, informative and
inspiring, articles for you in our "Secondary Capital Section."
Check it out...
Get New Money-Making Ideas And
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back-issue of BarterNews.
barter company in the world is listed on our web site,
click through to our Global List
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