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Seymour Shaw

How to Plan and Execute Successful Joint Ventures - 0 views

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started by Seymour Shaw on 16 Jul 12
  • Seymour Shaw
     
    People that have a small business should seriously consider hiring someone to put profitable joint ventures together. As you probably have guessed, this individual should know about JVs and marketing. Locating and contacting other businesses who may have viable prospects is actually simple to do. Just doing one joint venture that works can lead you to success, Once you have experience in this area, you will become a finely tuned JV machine.

    You can't approach joint ventures with the same mindset as you would doing, say, a solo advertising campaign. If you want your JVs to get off the ground, you need an extraordinary amount of perseverance. In a way it's like selling -you have to be ready to accept a lot of rejection. One of the most common form of rejection is being ignored; your proposal will not get a reply. You have to keep in mind that sooner or later you will succeed, and this will make all the rejection worth it. No matter what industry you're in, there are many thousands of businesses who are possible partners for you. You need to be able to look past those businesses that reject you and keep striving to find the ones that are open to your proposal. Think about getting a lawyer if you will be in a large joint venture because of the lawyer. Hire a lawyer who deals with joint ventures. You should rethink your plans to get into a joint venture, if you cannot afford an attorney who specializes in them. Instead, get into a small joint venture and gain more experience. Continue maturing your business until you can one day pay for a joint venture attorney. Then your business will continue to be prosperous.

    If you have a great idea for a joint venture, then begin looking for potential partners. You can research for partners by searching for appropriate keywords in Google. Once you have a list, then the really important part is doing thorough research on each business. Your research will clearly show you if the company is larger than yours is. If so, avoid them at all costs. One rule or guideline when doing JVs is that you need to complement one another in this partnership. Avoiding your competition is a good rule of thumb. Your goal is to work in a mutual capacity with your JV partner so things are profitable for both of you. The reputation of your potential partner must be solid as well.

    Many aspects of online marketing, such as social networking, have only been around for a few years. Yet joint ventures, in one form or another, have been around for centuries. The idea is not complicated, but potentially very powerful. Even if you've never done one, there's no reason why you shouldn't start now. Just make sure you plan out your objectives carefully so you can put together an attractive offer. The online dating is the increasingly adopted way of finding love and lovers by many singles today.

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