I’ve heard the many arguments that when it comes to starting a business, it’s usually better to go at it alone. When you open a business by yourself, you are the sole person in charge. There is no need to discuss your strategy or to split up the profits. It’s all you. Of course there are some downsides to being a sole proprietor, you intake all the costs and work. Those downsides are the upsides of starting a business with partners. In the case of BeerBin.com LLC, the factors of splitting the work load and splitting the profits (and losses) became our main reasons to go into business together. I’ve stated before that each of us at BeerBin.com LLC bring a different perspective to the business. Additionally, we bring different talents that help form the core of our start up. By utilizing our individual strengths we become a powerful group of entrepreneurs with one goal: To become the website of beer drinkers across the world. Together we embark on this adventure and together we will succeed. Which is the most important reason, I think, why it’s better to start a business with partners: you’re all along for the ride. The journey is a lot better when you have friends to share your glories and your failures.
Posts Tagged ‘Mephisto’
3 heads are better than 1
April 5th, 2007Can our idea work?
January 17th, 2007CAN OUR IDEA WORK?
Having an idea is the starting point. But not every idea makes it past the starting line. There are various tangibles you must consider when converting your idea into a reality:
1) Is there a need for the idea? (This is the most important, because if no one can make use of your idea, then it will not survive)
2) Do you have the resources necessary to grow your idea? (You can’t make a tree without seeds)
3) Are you committed to developing your idea until it succeeds or fails? (Win or Lose, you will not know what you’re made of until you play the game)
3) Are you committed to developing your idea until it succeeds or fails? (I ask this again because creating a business out of an idea is no easy task. You must be ready and willing to commit extra time and effort to developing every aspect of the idea to make it successful.)
So, can our idea of creating an on-line service that helps you track down your favorite beer no matter what part of the world you are in work? Short answer: “Yes”. Long answer: “Yes, but we’ll need Sam.”