When the economy was stronger, it was simple if you had a service business: a client asked for a price for you to do something. You gave them a price and if they approved, you got the business. If not, you waited for the next call.
Now, there are less calls from clients. Now, you have to actually consider bringing ideas to them to see if they have an interest. And they may like your idea but not have the money for it. So...
Now is the time to take entrepreneurialism to a higher level. If the client doesn't have the money but you're sure that your idea would be a real money maker--could you do it and make all the profit on a project? Or could you partner with the client and share costs and profits?
If we're entrepreneurs, shouldn't we be doing this?
Barry LaBov, CEO
LaBov and Beyond
www.labov.com
Wednesday, March 18, 2009
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So, what you're saying is if you think it's a hot idea, you should be willing to put the money behind it yourself? Well said.
ReplyDeleteThanks. You said it better than I did. Put your money behind it, you'll pay more attention to results, you'll learn more and for taking that risk, you should also earn more.
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