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Urgency in Joint Ventures by Robin J Elliott

Written by: Robin Elliott

Article Overview: How do you know whether or not someone is committed to the task and the outcome? How do you discover their level of dedication? Here’s how I learn what their level of devotion is. I believe actions speak louder than words, so instead of believing what they say, I simply watch what they do.

Urgency in Joint Ventures by Robin J Elliott

If you’re serious about success and if time is valuable to you, you only want to deal with Joint Venture Partners who are seriously motivated and make your interaction / project / JV a priority. On a scale of one to ten, a one means “I don’t care either way; I will give up at the first sign of resistance” and a ten means, “whatever it takes, walking barefoot over broken glass, naked, with my hair on fire”. You want nothing less than a ten. You want their full focus, attention, allegiance, and enthusiasm. However, you do not want to spend valuable time on them, only to find that their real level of commitment is only five!

How do you know whether or not someone is committed to the task and the outcome? How do you discover their level of dedication? Here’s how I learn what their level of devotion is. I believe actions speak louder than words, so instead of believing what they say, I simply watch what they do. Like a pilot in an airplane, I watch my control panel, and here is what I look for:

The speed at which they return phone calls, messages, and e-mails.

Whether or not they show up on time or cancel appointments. Winners seldom cancel and are always on time.

Whether they make excuses or take responsibility.

Their use of and respect for time and resources.

The people they hang around with.

Their personal presentation. Do they look and dress like winners?

How big they think. I want people to think bigger than I do, and deliver what they promise.

Do they deliver what they promise on time? If they’re always late, I start downgrading them.

How fast they pay others and me. This one tells you a lot. If they’re hurting for money, BEWARE.

Do they make time and make way for your project and relationship or do they have too many other things going on and other priorities?

Do they focus on the fast buck and immediate gratification or do they see the big picture? Are they on board for the long term?

Do they initiate, innovate, and improve on your ideas, or do they simply go along with you? How enthusiastic are they? Do they take ownership of their responsibilities?

Do they make themselves available or do they complain about too much work and pressure? Are they easily accessible or do they hide away?

Finally, I look for Joint Venture Partners who share my sense of URGENCY. I look for generous, committed, and smart people who are honest and professional. I need to know that they will do whatever it takes to achieve our common goals. You want people who are reliable and solid. The Members of the Joint Venture Forum abide by our Code of Ethics and believe in delivering real value. Be selective – be VERY selective – and you will soar to greater heights of success than ever before.

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Related Forum Posts
Joint Ventures?? - I read this following paragraph in another business forum. Has anyone used joint ventures and had successful results? How do you go about setting up joint ventures? [quote:3vnvuml9]Joint Ventures have been, and always will be one of the most powerful marketing tactics ever, and for good reason. They are easy to set up, and they cost you nothing and if set up correctly will allow you to have more customers than you can handle! So if you promote a great product or service and want to expose it to more prospects, or you you seek ways to increase your sales, but aren't quite sure how to go about it you should definitely consider harnessing the power of Joint Ventures And the best part is that anybody can start using joint ventures to skyrocket their profits. It doesn't matter what you sell, or where you sell it.[/quote:3vnvuml9]
Re: Marketing a company - Get their contacts from someone who had been marketing to them before and do Joint Ventures with the guy
Free Ebook on Joint Ventures - Julie, you might be interested in the free ebook offer through Dollarmakers.com on Joint Ventures that has upto 30 variations for a small business to create joint ventures. Once you've read it I'd be happy to share more advanced ideas based on the book.
Different types of funding - Business Relationship Funding This is another source of funds that can be overlooked. It may be possible to introduce potential alliances to add value to both parties. It may produce an ultimate exit route in the medium to long term. Joint Ventures: Requires a legal agreement embodying the deal and another company Partnerships: Two companies collaborate with possible funding. Joint working relationships: These are an informal partnership which may be more project specific where the parties can share resources. Agencies: These can be geographical or product specific and generally incorporates a payment for the right to the agency. Distributors: Very like an agency but may not necessarily involve up front payment. Alliances: These do not require a separate company and can be embodied by a legal agreement to work together. Trade investors: Otherwise known as Corporate Partnering. This can be a good way to involve a much larger company in the business with a view to possible trade sale further down the line. Associates: This can be a loose arrangement with no fundamental commitments either way, rather like a preferred supplier. Equity Swop: Two companies exchange shares to a similar value to develop both businesses. Franchises: This can allow the business to grow without further direct investment. Licensing: This involves licensing a product or service to enable others to sell it. This requires you to own the intellectual property.
Joint Venture - How did the seminar go yesterday? Joint ventures can open up so many possibilties and are a great way to promote your products and/or services to a whole new and with the right base, to a targeted audience. Chris


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