Collaboration (kuh-lab-ur-ayshun); the act of business people working with one or more people to achieve a desired result. This is key when it comes to success in business in the recession-stricken US. It’s an old concept that’s getting new attention.
Businesses today need a place for the business to be done, with space to work at the trade, and there will be utilities to have lights, keep warm while at work and have running water for restroom facilities, at least. Every one of those things comes with a cost, and not all businesses can be prepared to pay the first months’ bills.
Statistics say that only 40% of businesses started this year will still be in business next year at this time. There is a way to stay in business and keep products moving, without paying all that overhead. In fact, there are two ways to do this.
Two Key Business-Saving Strategies
The first one is to move the business online, in which case many business owners will have to take classes on doing that successfully. Too many people try it and fail within the first year because they just don’t know what they’re doing.
Working online means there is no extra utilities other than the ones that have always been there. There’s literally no overhead, except the tiny bit of electricity to use the computer and a light to see by, which would likely have been on anyway.
The second one is to collaborate. Many businesses in all the cities are now doing this to save money, and they’re very successful in doing so. Some of the businesses are related – a movie theater that serves beer from the pizza joint next door, for instance. And, some of them aren’t – like the bag-maker, ceramist and screen printer that all share a storefront in Portland, Oregon. Each of them make their own incomes, and bills are all they share.
It’s a good way to do business. Think about it.