I think the title of this article is self explanatory ? at some point your business or organization may need a joint venture partner.  Why?  Below are four common reasons why you might want a joint venture partner:

Lack of Expertise

You may have good skills but are lacking in certain areas.  In my case, I am good at seeing the big picture and designing websites, but I lack content creation skills.  So, I went out an found someone to partner with who excels at writing and complements my skill set.

Lack of Capital

Perhaps you have some inside information on where to get a screaming real estate investment deal but don?t have the money to take advantage of your good fortune.  If you …

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Now, this may seem a little weird for a business opportunity blog, but it is something I suffer from.  Fear of success?  Is that possible?  Yes it is.

What is the fear of success?

Some of the symptoms of the fear of success are:

• Fear that even if you accomplish all that you have set out to achieve that you will not achieve happiness, be content or be satisfied with the outcome.
• You feel undeserving of all your accomplishments and successes.
• Fear that your accomplishments can be destroyed at anytime.
• Fear that after you have achieved what you have set out to accomplish, your interest will wane and your success will fade
• Happiness will not come from your accomplishments …
  

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According to the semi-annual Metro Monitor published by CIBC World Markets, Saskatoon has the strongest housing resale market in Canada.  In fact, according to their report, both Saskatoon and Regina are sixth and seventh rated cities based on economic momentum. 

The labor market in Saskatoon is also the strongest in the country, with Saskatoon posting the greatest percentage increase in employment numbers in the country.

What does this mean to a real estate investor or entrepreneur?

One word: opportunity.  With more people buying real estate, it is a good market for flipping homes.  According to sales in the MLS (multiple listing service), the average home price in May was $233,197 CDN compared to $220,682 CDN just one month ago.  …

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If any of you have played the board game Monopoly from Milton Bradley, you will understand the title of this post.  To give a simple explanation of this strategy, look at this list:

1. Buy some properties
2. Collect rent
3. Build houses
4. Collect more rent
5. Trade four houses for one red hotel
6. Repeat

This is a great analogy for life in business.  Start small, reinvest, and grow.  If you follow this simple strategy, you can and should excel in business and investing.  This can apply for online and offline businesses, and real estate investing.

This is also good motivation for those of you just starting out:  even if you are starting small, you can become …

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Groan.  I know some of you don’t really care for the whole reading thing, but make a point of reading what is below this introduction.

If you want to succeed and exceed the success of your peers, you need to learn something new everyday.  I am not talking about a large amount of time to invest, rather just be consistent.  Learning can also include listening to a book on tape, attending a seminar, or just reading a book.

Spending time each day learning may not seem to mean a lot but consider this: the days add up in a year.  For example consider that Jack and Jane are friends.  The difference between them is Jane spends time each day (about twenty …

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If you are unfamiliar with owning a website, it is worth taking a look.  Websites cost as little as $0.99 at the moment, which would mean that you would have to go without your morning coffee to try your hand at being a webmaster.

Obviously, $0.99 doesn’t cover the development, marketing, or maintenance of your website.  None the less, if nine out of ten businesses fail in the first year, it would cost under ten dollars to get a website that would succeed (provided the odds work out as they should.)

Chances are that you could recoup your initial investment during the year.  Recently I crunched some numbers regarding a website project I was considering and my daily costs just …

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With tax time in Canada looming (just nine days till the deadline) I have been sitting here working on my books.  The work has gone smoothly but it did give me some good advice – keep up with your accounting to keep track of your business efforts.

Looking over my books I can see some winners and some losers in my organization (I am talking businesses here… 🙂  ).  If I had kept up with my books last year, I would have known what winners to keep and which one’s to sell.

For those of you that don’t have the time or don’t like accounting (I know it is not for everyone…), hire a bookkeeper.  For a modest fee, they …

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Now, when I hear the word diversify, I think mutual funds.  I don’t know if there is any other word used so much as diversify in their industry.  Diversification is a result of the old saying: “Don’t put all your eggs in one basket.”  Now, where might you ask, does diversification fit into business opportunities.

Diversifying your portfolio of businesses, income properties, and websites helps you in a few ways.  Some examples are:

1. Protection from changing trends

   If all your rental properties are located in a town whose workforce depends on a particular industry (for example lumber) and suddenly the demand for that product drops, people may lose jobs and move out of the area.  This recently happened to a friend in …

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I recently was hanging out in a forum online where I came across an offer for complete websites – domain name, hosting, promotion, and updates with fresh content for $5 per site per year.

What really gets me excited is this:

I have to earn less than two cents per day to break even

Except for the Internet, I don’t believe anywhere else in the world there is the opportunity to have a complete business for two cents per day.  Chance are that there should be no problem earning two cents per day. 

If you look at it from the other perspective – how much could I reasonably make in a month – that is where I get …

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Sitting here tonight I realize one thing:  I am not getting enough done in a day.  The reason:  no focus.

If you feel the same, you are not alone.  I find one of the most challenging thing being an entrepreneur, you need to set targets or goals for your day and work towards them.  Unlike a traditional job where someone gives you some tasks to do, you are on your own.

If you look at my past few days, you will see I have been a whirlwind of activity:  creating content for websites, blog posting, contributing to forums, looking at investment properties, looking at websites to invest in, marketing, etc.  If I would have had defined tasks or goals to …

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