Archive for the ‘merger’ Category

Identify your needs before you take a loan

Loans, international markets, investments, making money, merger | Posted by admin
Apr 16 2010

To accomplish a task successfully, the first thing the partners should do is sit down and plan what it is they are going to do. The Initial Activity Team Checklist and the Agreement Between Partners Checklist will help them remember key items. I like checklists. Pilots, regardless of the number of hours they have logged on a certain type of aircraft, always complete a preflight checklist before taking off. It’s wise to do the same with any important activity—and the initial activity in a partnership falls into the category of “important activity” for me. After all, you’ve spent time, energy, and money to identify your needs and find a partner. When you use these checklists, you and your partner must work together and talk through the issues to gain consensus.

I recommend that you write down your agreements—not to use them as a club should things go wrong, but to clarify issues as the planning proceeds. Sometime during the initial activity or immediately after, set a meeting to discuss with everyone involved how well the partnership is working. The key document you’ll want to review is the Agreement Between Partners Checklist.You’ll also want to address the relationship issues.Use the Partners’ Trust Assessment and/or the Partnership Stressors Checklist to assess the Stages of Relationship Development. Be sure the agenda you send out in advance has been written down or approved by the partners.

Grants may be a good alternative to loans

income, international markets, merger, money issues, revenue | Posted by admin
Jan 06 2010

Business communities across the country are beginning to recognize the value of independent inventors and offering research and development (R & D) money to inventors in a variety of ways. The Amarillo, Texas, inventor club has partnered with the Small Business Development Center and community leaders to establish a fund from which they award grants to deserving independent inventors. The State of Oregon also recently offered grants to deserving independent product developers. There are similar programs in other parts of the country. The availability and requirements for each of these programs varies from community to community. Contact your local inventor club or Small Business Development Center to see if such a program exists for inventors in your area.