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Joint Venture Success Depends on Analysis

Written by: Robin Elliott

Article Overview: Joint Ventures are the most effective business tool available. Here are a few questions we should ask ourselves to measure whether or not to accept or continue with a Joint Venture.

Joint Venture Success Depends on Analysis

We need to know what's going on in our businesses if we intend to follow Michael Gerber's famous advice and "work ON our businesses, instead of IN our businesses". The biggest enemy of objective analysis is EGO. We want to be right, we don't want to admit to our fears, mistakes and failures, and we want to look good. Gary Player said, "Sales is Ego; Profit is Reality." He's right. Successful entrepreneurs forget about popularity, being politically correct or their own egos. They are self confident and strong and they measure the bottom line. Successful Joint Venture Brokers are objective, proactive and fast moving.

Joint Ventures are the most effective business tool available. They allow us to build massive profits, overnight, with no money or risk and very little time, by leveraging existing resources. After 18 years of Joint Venture experience, I have come up with a few questions we should ask ourselves and standards by which we should measure whether or not to accept or institute or continue with a Joint Venture.

1. Is this the best use of my time and resources, or do I have a better alternative? (If another alternative is better, cut bait.)
2. Am I spending my own time, money and resources, or am I using other peoples' time, money and resources? (We should use other peoples' resources.
3. Am I acting as a salesperson / hired gun? (If so, walk away immediately.)
4. Is this deal as good as I thought it would be? Is the other party doing what he or she said they would? Am I still comfortable with this, or should I drop it?
5. Is this win/win and does every party benefit, or is someone being taken advantage of?
6. Are my partners ethical, honest and professional?
7. How can I add a back end, further leverage this situation, increase profits and/or distribution, or sell the deal?
8. Where can I learn more about Joint Ventures?
9. How can I meet better JV partners and find better deals? (My NetWORK determines my NetWORTH).
10. Are my resources being optimized? Do I have underutilized resources?

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Related Forum Posts
Re: [JOINT VENTURE] Want FREE Staff? Want to Scale Up Massively? - [quote="Joint Venture":3738ldxh][quote="Ringo":3738ldxh]1) Credentials? Any website? Any client list? 2) Where do you get your staff from? How? I mean if i really am going to hand over a lot of sensitive information to be handled by staff of your choosing, I'll need to know how you operate with total transparency.[/quote:3738ldxh] Ringo, 1) Send me an email with your proposal and if I like it I shall disclose all that your need. 2) That's my USP! Total transparency is a must when JVing with someone. Let me know your proposal and we may discuss it. In regards to staff dealing with your sensitive information, compartmentalize the data. Have different teams deal with only a section of the whole picture. [quote="ideasuniversity":3738ldxh]How long have you been doing this? And what are your success rate?[/quote:3738ldxh] Joint venturing? I have done JVs before and had good success. This JV? Brand new. New source of staff. Success rate? I've made a good bit money! [quote="Trent Brownrigg":3738ldxh]This same person posted this exact same post several times at another forum I moderate. Now, he is posting it here as his very first post. I consider that to be a spammer![/quote:3738ldxh] I consider it being proactive! Sorry if I have stepped on anyone's toes. Not my intentions. Look forward to reading more of your emails, Alan[/quote:3738ldxh] Let have your website.
Re: [JOINT VENTURE] Want FREE Staff? Want to Scale Up Massively? - Hi Alan, Welcome to the forum! [quote="Joint Venture":2bfdqwzb]Total transparency is a must when JVing with someone.[/quote:2bfdqwzb] What about when inviting people to send you their proposals...? Cheers, David H
Don't leave your Wallet on the table - Targetzone, Evan has great points on targeting you package. Also I read the revenue model you mentioned and i believe you are leaving a lot of money on the table. Aisde from making just $15/sale of a package you could also be making income from sales generated after the people use the coupon on their second and ongoing visits to the Service/Product company. I've sent you a PM - We can talk more advanced strategies. BTW - I'm a Dollarmakers Member and have taken the Joint Venture BootCamp 101 and highly recommend it if you wish to pursue this idea. PM me privately and we can talk.
Re: need a capitalist to hear me out - If you have solid business plan, there are thousands of Angel Investors and Venture Capitalists that will fund your project. Google "Venture Capitalist" and you will get tons of investors who are ready to fund your project
Re: [JOINT VENTURE] Want FREE Staff? Want to Scale Up Massively? - [quote="Joint Venture":1ofoz1sm] [quote="Trent Brownrigg":1ofoz1sm]This same person posted this exact same post several times at another forum I moderate. Now, he is posting it here as his very first post. I consider that to be a spammer![/quote:1ofoz1sm] I consider it being proactive! Sorry if I have stepped on anyone's toes. Not my intentions. Look forward to reading more of your emails, Alan[/quote:1ofoz1sm] Well, I will give you credit for at least coming back here and replying. But just an fyi that you will be seen as a spammer if you post the same thing on a bunch of different forums, especially if you post it more than once on any one forum. You should be careful about that because a lot of people are members of the same forums.


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