Home business ideas for transition out of 9-5?
-
@BRRABill said in Home business ideas for transition out of 9-5?:
Of course there is never one solution.
But many things (like cloud for a 1 person company) is usually a fit for a majority of those cases, and a great place to start a discussion.
Yes, it is. It should be considered. But there are many options. Reselling one makes you tend to favour it.
-
@scottalanmiller said in Home business ideas for transition out of 9-5?:
@BRRABill said in Home business ideas for transition out of 9-5?:
Of course there is never one solution.
But many things (like cloud for a 1 person company) is usually a fit for a majority of those cases, and a great place to start a discussion.
Yes, it is. It should be considered. But there are many options. Reselling one makes you tend to favour it.
So, in your best estimate, out of 100 1 person companies, how many would be appropriately fit to the cloud?
-
@BRRABill said in Home business ideas for transition out of 9-5?:
@scottalanmiller said in Home business ideas for transition out of 9-5?:
@BRRABill said in Home business ideas for transition out of 9-5?:
Of course there is never one solution.
But many things (like cloud for a 1 person company) is usually a fit for a majority of those cases, and a great place to start a discussion.
Yes, it is. It should be considered. But there are many options. Reselling one makes you tend to favour it.
So, in your best estimate, out of 100 1 person companies, how many would be appropriately fit to the cloud?
Appropriate? Maybe 80%, maybe even 85%.
Going to do it? Maybe 35-40%.
-
@BRRABill said in Home business ideas for transition out of 9-5?:
@scottalanmiller said in Home business ideas for transition out of 9-5?:
@BRRABill said in Home business ideas for transition out of 9-5?:
Of course there is never one solution.
But many things (like cloud for a 1 person company) is usually a fit for a majority of those cases, and a great place to start a discussion.
Yes, it is. It should be considered. But there are many options. Reselling one makes you tend to favour it.
So, in your best estimate, out of 100 1 person companies, how many would be appropriately fit to the cloud?
It's never that simple. If it was I could sell a book on the subject and retire early.
Knowledge and understanding, openness to change, these factors weigh into it more than what is the "right" thing to do.
-
@Breffni-Potter said in Home business ideas for transition out of 9-5?:
@BRRABill said in Home business ideas for transition out of 9-5?:
@scottalanmiller said in Home business ideas for transition out of 9-5?:
@BRRABill said in Home business ideas for transition out of 9-5?:
Of course there is never one solution.
But many things (like cloud for a 1 person company) is usually a fit for a majority of those cases, and a great place to start a discussion.
Yes, it is. It should be considered. But there are many options. Reselling one makes you tend to favour it.
So, in your best estimate, out of 100 1 person companies, how many would be appropriately fit to the cloud?
It's never that simple. If it was I could sell a book on the subject and retire early.
Knowledge and understanding, openness to change, these factors weigh into it more than what is the "right" thing to do.
Yes, but for the most part that group doesn't want that, IMO. They want someone they can trust that just does it for them.
-
@BRRABill said in Home business ideas for transition out of 9-5?:
@Breffni-Potter said in Home business ideas for transition out of 9-5?:
@BRRABill said in Home business ideas for transition out of 9-5?:
@scottalanmiller said in Home business ideas for transition out of 9-5?:
@BRRABill said in Home business ideas for transition out of 9-5?:
Of course there is never one solution.
But many things (like cloud for a 1 person company) is usually a fit for a majority of those cases, and a great place to start a discussion.
Yes, it is. It should be considered. But there are many options. Reselling one makes you tend to favour it.
So, in your best estimate, out of 100 1 person companies, how many would be appropriately fit to the cloud?
It's never that simple. If it was I could sell a book on the subject and retire early.
Knowledge and understanding, openness to change, these factors weigh into it more than what is the "right" thing to do.
Yes, but for the most part that group doesn't want that, IMO. They want someone they can trust that just does it for them.
But you can't really trust someone if they don't do those things. They don't really want someone that they can trust, they want someone who will tell them that they made a good decision, whatever it was.
-
@scottalanmiller said
But you can't really trust someone if they don't do those things. They don't really want someone that they can trust, they want someone who will tell them that they made a good decision, whatever it was.
That sounds Freudian.
-
@BRRABill said
Yes, but for the most part that group doesn't want that, IMO. They want someone they can trust that just does it for them.
Which is a big reason why most businesses fail. The really really important stuff gets over-looked/ignored as not being needed.
I need to be constantly open to new ways of doing things and ideas because even if I find the golden goose of making money, it won't last forever and with technology moving as fast as it does, I'd be lucky if that method lasts months rather than years.
-
@Breffni-Potter said in Home business ideas for transition out of 9-5?:
@BRRABill said
Yes, but for the most part that group doesn't want that, IMO. They want someone they can trust that just does it for them.
Which is a big reason why most businesses fail. The really really important stuff gets over-looked/ignored as not being needed.
I need to be constantly open to new ways of doing things and ideas because even if I find the golden goose of making money, it won't last forever and with technology moving as fast as it does, I'd be lucky if that method lasts months rather than years.
IT is just part of business, but businesses often hope that they can ignore the hard stuff and treat IT as cookie cutter - as if their business itself is cookie cutter. What a weird thing to think.
-
@Dashrender said in Home business ideas for transition out of 9-5?:
If a customer found out after the fact that you could get paid by the vendor of one of your recommendations to them, do you think they would be OK with that?
Probably not. It assumes no mention of favorites, partnerships or affiliates was ever discussed. It also assumes that businesses, like other in this thread, simply assume if money is involved, there can be ONLY corruption at the highest level and it would be impossible for the consultant to make wise choices, being utterly controlled and clouded by greed.
I guess we can't help how the client perceives the consultant if they know he may receive commissions. Our overwhelming lack of faith in human ethics wins over our assumption that the consultant will still make objective choices.
At the end of the day, as others have said, the consultant typically leaves 2 or 3 possible options on the table, with pros and cons of each. If one of the choices happens to earn commission, it shouldn't be a problem if this is disclosed. I don't see why we have to keep calling the consultant a corrupt person working for two masters. This language is a bit over the top, but that's just me.
The availability of a bonus/affiliate/commission/finders fee/whatever does not mean one "works for" the vendor, the vendor is not their second "master". However, the potential of the bonus may indeed cloud judgement and create bias.
-
@scottalanmiller said in Home business ideas for transition out of 9-5?:
@guyinpv said in Home business ideas for transition out of 9-5?:
@scottalanmiller said in Home business ideas for transition out of 9-5?:
@guyinpv said in Home business ideas for transition out of 9-5?:
My view is that some affiliate programs are like picking up money on the sidewalk, it's just there, take it. Then you say, no, because you must take action before the money appears. Yes of course, I have to be walking down that particular sidewalk!
So my challenge is, I'm walking down that sidewalk anyway, I don't feel particularly righteous by stepping over the money and walking on my way.
If I find myself walking down that same sidewalk 80% of the time, some extra cash is a nice bonus.But the other 20% of the time.... what? You truly believe there is zero influence?
No, what I believe is that I can STILL come up with the best solution. Just because bias might exist, it doesn't mean it actually WILL change the outcome.
The 20% of the time the other sidewalk is a better fit, so be it.Now THAT might be true. There IS bias, but is it enough to influence the final decision? Only you can determine that. Only you know how much you will charge, how much you will get a commission and how much it will affect you. You can't argue that there isn't bias, you can only argue how much it biases you. Only you know that amount.
$30k from VMAX sounds pretty tasty!
-
@guyinpv said in Home business ideas for transition out of 9-5?:
I guess we can't help how the client perceives the consultant if they know he may receive commissions. Our overwhelming lack of faith in human ethics wins over our assumption that the consultant will still make objective choices.
Well, and given that nearly all people branding themselves as consultants actually resell and actually make reckless "recommendations" that support those sales. This isn't an overwhelming lack of faith, it's an observable fact that this is how the majority work. It's not just a lack of ethics in having a conflict of interest, but a larger problem of selling a service that they don't even attempt to provide.
-
@guyinpv said in Home business ideas for transition out of 9-5?:
At the end of the day, as others have said, the consultant typically leaves 2 or 3 possible options on the table, with pros and cons of each. If one of the choices happens to earn commission, it shouldn't be a problem if this is disclosed. I don't see why we have to keep calling the consultant a corrupt person working for two masters. This language is a bit over the top, but that's just me.
Are you saying that you feel that they are serving two masters, but that that isn't corruption? Or that they really aren't serving both?
We call it because most of us see a conflict of interest (serving two masters) and that that is an ethics breach. You can make it a bit one or a small one. But one party pays you to be as neutral as possible, while money is also excepted from another party for not being neutral. It's hard to see it from the outside as anything but questionable - unless this is disclosed.
Again.. disclosure changes everything. If it is disclosed, then there is no problem. If it is not disclosed... why not?
-
@guyinpv said in Home business ideas for transition out of 9-5?:
The availability of a bonus/affiliate/commission/finders fee/whatever does not mean one "works for" the vendor, the vendor is not their second "master". However, the potential of the bonus may indeed cloud judgement and create bias.
But it's payment for services rendered. Same as the money from the customer. In both cases the money is option, in both cases you are serving the "master" based on the same conditions.
-
@guyinpv said in Home business ideas for transition out of 9-5?:
@Dashrender said in Home business ideas for transition out of 9-5?:
If a customer found out after the fact that you could get paid by the vendor of one of your recommendations to them, do you think they would be OK with that?
Probably not. It assumes no mention of favorites, partnerships or affiliates was ever discussed. It also assumes that businesses, like other in this thread, simply assume if money is involved, there can be ONLY corruption at the highest level and it would be impossible for the consultant to make wise choices, being utterly controlled and clouded by greed.
You keep using terms like utterly or 100%. That's wrong. The concern is that someone be influenced by greed at all. The more you use absolute terms, that the second master is the only master, the more it feels like you are grasping. We are talking about any, not all. Very, very different things.
-
Let me give an example....
Customer pays you $20 to determine what cloud provider is best for them, or if they need one at all. This is a fifteen minute engagement.
Vendor offers you $10 to choose the, an additional $10 if you oversell the customer.
You took the just for the customer in the first place based on the desire for money. Greed (not a bad thing here) drove you to engage as a consultant because you seek money. A vendor will easily offer you the same amount of money that the customer does to push in a certain direction.
So whatever drove you to accept the money from the customer, a desire to get paid, exists easily in equal quantities from the vendor.
What if the customer probably would do better with less or no cloud, but it's a grey area? The customer will never know, the solution will be overbuilt and work even better for them except it will cost more, but if they agree... it's impossible to know why you chose the bigger solution. If you did this every time, it would double your salary... put your kids through college, buy that bigger house, move you from the Chevy to the BMW....
The desire for money is the bases on which all this starts. That greed is guaranteed to exist, you don't consult for free. So the desire for the money from the vendor is there. That it would have an influential effect is hard to ignore.
-
@scottalanmiller said in Home business ideas for transition out of 9-5?:
@Dashrender said in Home business ideas for transition out of 9-5?:
@JaredBusch said in Home business ideas for transition out of 9-5?:
@guyinpv said in Home business ideas for transition out of 9-5?:
Who gets the money?
The business of course
Seems odd that anyone else would even be in the running in a real business. Of course, Scott tells us that most small businesses aren't really real - I can't recall if he calls them more hobbies or not though
I generally use the term hobby. I've had people call their own businesses hobbies, actually. When @Minion-Queen and I used to do door to door sales, we actually found tons and tons of true hobby businesses (not just me calling them that.) An extremely common business that you don't think about, but that makes up one of the larger percentage groups of American businesses, is a bored housewife running a "business" that her husband pays for and is never intended to make money but is used as a tax shelter and hobby. So, example, a knick knack store in an old house by the side of the highway. They buy the house or rent it for next to nothing, do the work themselves to decorate it and fill it with, um.. junk, and she sells that all day. Almost no one comes in to buy anything, it's all her friends coming in to drink coffee and hang out. Once in a while someone actually buys something, but never enough to cover 10% of the rent and she makes zero salary as there is no money for that. It's just something to keep her busy or to make it sound good when she says that she runs a business.
That's an extreme, but super common, example. But lots and lots of SMBs are shades of gray with this. Maybe it is a full time business with an employee or two, but it is still just a joke business "for fun" and no one is intentionally running it to make money and very often, they don't. When the owner gets bored, they can't sell it as it is worth literally nothing. So these pop up and down all the time and they truly are hobbies.
THen there are people who "think" that they are running a business but do it at a hobby level and never take it seriously at all. I call these hobbies too, because it is important to make their owners understand that that's how they are treating it, even if they don't admit it.
So a "real" business has to be in it for the money? But making more money with commissions and affiliates is "unethical". Therefore, to be a "real" business, you must become unethical!
LOL sorry I had to go there!
-
@guyinpv said in Home business ideas for transition out of 9-5?:
So a "real" business has to be in it for the money?
That is both the linguistic and the legal definition of a business, yes.
-
@guyinpv said in Home business ideas for transition out of 9-5?:
But making more money with commissions and affiliates is "unethical".
Not at all. Accepting payment under false pretenses is unethical. I've been absolutely, extremely, unquestionably clear that reselling is totally ethical. I've never hinted even slightly that it was unethical. It's accepting money from the customer to not be biased in this way, hiding it from them and then accepting the money from the vendor that is unethical.
-
@guyinpv said in Home business ideas for transition out of 9-5?:
Therefore, to be a "real" business, you must become unethical!
Not in the least. A consulting business is not unethical. A sales business is not unethical. A sales business that also sells consulting and informs the customer is not unethical.
