Lowering the Joint Venture Barrier
Lowering the Joint Venture Barrier
Remove the barrier of RISK to both parties. This includes the risk of alienating, upsetting, or losing his existing customers or losing customers to his competition.
Remove the barrier of TIME invested by the other party (and you should also invest the minimum amount of time.)
Remove the barrier of EFFORT. Entrepreneurs are busy and they will want you to do most of the work if possible. Remember, you’re approaching them, not vice versa.
Remove the barrier of COMPLICATION. Some proposals are very complicated. Complication, many irrelevant facts and the promise of huge, unusual rewards, is often the mark of a confidence trickster. Keep it very simple and straightforward and answer all questions in advance.
Remove the barrier of RELIGION and POLITICS. People are often negatively disposed to certain religions, religious groups or political affiliations. Play down your religious and political leanings until a relationship of trust has been developed, and, even then, business is not about religion or politics.
Remove the barrier of THREAT to the Other Person’s EGO. People don’t want to be made to look foolish or unsuccessful. Keep things simple.
Remove the barrier of LOSS – any loss, including embarrassment, time or reputation.
By carefully structuring your JV proposal to remove the above threats, you lower the barrier to business. Think through the deal from the other person’s perspective. This means doing your homework – credit checks, Google searches, police checks, understanding the other person’s business and Hot Button and obtaining a clear understanding or their needs, wants, goals, drives, problems and dreams – before structuring your proposal.
Join the DollarMakers Joint Venture Forum - Learn More About Joint Ventures at www.jvwisdom.com.
Lowering the Joint Venture Barrier - To learn more about this author, visit Robin Elliott's Website.
Like this article? Share it with your friends
Inviting someone to participate in a Joint Venture with you should always be carefully structured as an “Offer that is too good to refuse”. This is easier than it might seem, and it is done by creating a large benefit or solving a significant problem for the other party, while at the same time removing the following barriers:
Remove the barrier of RISK to both parties. This includes the risk of alienating, upsetting, or losing his existing customers or losing customers to his competition.
Remove the barrier of TIME invested by the other party (and you should also invest the minimum amount of time.)
Remove the barrier of EFFORT. Entrepreneurs are busy and they will want you to do most of the work if possible. Remember, you’re approaching them, not vice versa.
Remove the barrier of COMPLICATION. Some proposals are very complicated. Complication, many irrelevant facts and the promise of huge, unusual rewards, is often the mark of a confidence trickster. Keep it very simple and straightforward and answer all questions in advance.
Remove the barrier of RELIGION and POLITICS. People are often negatively disposed to certain religions, religious groups or political affiliations. Play down your religious and political leanings until a relationship of trust has been developed, and, even then, business is not about religion or politics.
Remove the barrier of THREAT to the Other Person’s EGO. People don’t want to be made to look foolish or unsuccessful. Keep things simple.
Remove the barrier of LOSS – any loss, including embarrassment, time or reputation.
By carefully structuring your JV proposal to remove the above threats, you lower the barrier to business. Think through the deal from the other person’s perspective. This means doing your homework – credit checks, Google searches, police checks, understanding the other person’s business and Hot Button and obtaining a clear understanding or their needs, wants, goals, drives, problems and dreams – before structuring your proposal.
Join the DollarMakers Joint Venture Forum - Learn More About Joint Ventures at www.jvwisdom.com.
Lowering the Joint Venture Barrier - To learn more about this author, visit Robin Elliott's Website.
Like this article? Share it with your friends
 | |
 |
No article feedback found. |
| |
Leave Your Feedback |
 | |
| |||
David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
|||
|
To learn more about the Evan Elite Author Program please contact us. | |||
 | |
|  |
Subscribe to Robin's articles
 | |
|
|  |
 | |
|
| |
 | ||||||
|
 | ||
 |
||
 |
||
 |
||
|
| ||
 |
| Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details. |
|
|
 |
| Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media |
|
|
 |
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"
Click Here To Learn More |
|
|
|
|
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
|
|
|
 Radical Green Business SEO Made Easy Self-Employment Guide Different QuickBooks Versions 25 Facebook & Twitter Tips |
|
 | ||
 |
Top 50 Franchising Blogs
Top 50 Franchising Blogs | |
 |
More PR Resources
Press Release Builder | |
| ||
 | ||||
| ||||
|
| ||||
| ||||
|
|
|
|
|
||||||||||||
|
Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
|
|
|
