Getting Together: The Importance of Business Relationships

Written by Tania Lye


Continued from page 1

We've all heardrepparttar ill-fated alliance horror stories. We wonder, where did they go wrong? In 1992, Apple and IBM joined forces to create Taligent, an object-oriented operating system reminiscent of Windows. The project was a huge disappointment forrepparttar 104224 conglomerates, with combined losses said to exceed $150 million. So why did their venture fail? Within a synergy, business partners- whether they're competitors or not- need to establish a mutual trust and respect fromrepparttar 104225 start. When a relationship is built on a shaky foundation,repparttar 104226 house is bound to collapse. Onrepparttar 104227 surface, both companies maintained a happy facade, but atrepparttar 104228 time, both had slapped a number of lawsuits againstrepparttar 104229 other for patent and technology infringement. An alliance needs to be well negotiated and structured; both partners must have a clear understanding of whatrepparttar 104230 other can contribute and what they can expect fromrepparttar 104231 venture inrepparttar 104232 future. Solid planning is your insurance against an IBM/Apple sized failure. Sincerepparttar 104233 blunder, both IBM and Apple have restructured their strategic methods, and both have engaged in successful alliances. Today, 30% of IBM's $86 billion revenue comes from its numerous alliances with other companies. They learned to delineate priorities, agendas, goals and motives well beforerepparttar 104234 alliance was implemented. Make sure no unexpected surprises lay ahead. If you takerepparttar 104235 necessary steps beforehand, chances arerepparttar 104236 only surprises you'll get will be good. A strategic alliance is, after all, a tool for building mutual value and it will only fail to deliver if you do.

Relationships forged within a company's network are just as important asrepparttar 104237 ones made outside. The importance of a synchronized team can createrepparttar 104238 kind of efficiency business owners dream of. Networking, sharing ideas and expertise can really iron outrepparttar 104239 creases in terms of synergy, productivity and intelligence. Mount Real's Senior Financial Advisor program recruits business people from diverse areas of expertise including accounting, investing, e-commerce, banking and marketing. These business professionals advise Mount Real's clients, recruit new clients, broker deals and other transactions between clients and supply special expertise when needed. This system isrepparttar 104240 ultimate in business networking. The sturdy alliances cultivated byrepparttar 104241 SFA provide a pool of resources for Mount Real and its advisors to use to their gain. This multifaceted system of professionals is given an automatic set of invaluable contacts, as well as an important point on which to continue building their careers. Joseph Pettinnichio, a manager ofrepparttar 104242 program said: "This program allows us, as professionals, to create a stimulating environment where we can apply our diverse talents to enhancerepparttar 104243 quality of service at Mount Real. Our network allows us to exchange information, improve our own knowledge and that of our clients'." Any relationship in life, whether it's your brother, mother, friend or business partner, needs to be built through trust, openness, integrity and respect towards others. Business alliances need to be painstakingly structured, and meticulously planned. The path you build together should have a clear destination otherwise, you'll both end up astray. Warren Buffett once said "Inrepparttar 104244 business world,repparttar 104245 rearview mirror is always clearer thanrepparttar 104246 windshield." The road ahead is always unclear, but if you trustrepparttar 104247 person you're driving with, sit back and enjoyrepparttar 104248 ride.



For more information, go to www.mountreal.com.


The Best Things in Life Are Rarely Things

Written by Greg S. Reid


Continued from page 1

David told me stories of how “keeping up withrepparttar Joneses” made him live up to other people’s expectations, and how he now chooses to simply live up to his own expectations instead. What a great thought, huh? It got it got me to thinking as well, and to ask this question that I share with you now:

How would I live my life differently, if I lived it only for me? I mean, do I have to wait until I’m wealthy before I begin to enjoyrepparttar 104223 simple pleasures that surround me each day?

Imaginerepparttar 104224 freedom we’d have, not attempting to impress anyone other than ourselves. Imaginerepparttar 104225 free time we’d have in our minds, dreaming of what inspires us…rather than wasting time attempting to please everyone else.

I supposerepparttar 104226 lesson to be learned here is that this freedom can be ours . . . and already exists before us. We simply need to accept its challenge.

The challenge is this: For one month, make a conscious effort to do what pleases you. Be proud of your success (but don’t brag), wearrepparttar 104227 clothes that make you comfortable and happy, eliminaterepparttar 104228 fear to dance, take that risk you’ve been holding back, and whatever you do . . . Keep smilin’



By: Gregory Scott Reid GregReid@AlwaysGood.com Speaker and two-time #1 best-selling author, The Millionaire Mentor and Wake Up: Live the Life You Love www.AlwaysGood.com


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