A Joint Venture and Advantages to Your Business
Posted by admin on May 14, 2010
What is a Joint Venture?
Internationally renowned Joint Venture Specialist, Robin J. Elliott defines a Joint Venture (Strategic Alliance) as “…a business agreement or partnership, wherein two or more people share their resources to accomplish a common goal.”
Joint Venture Brokers link supply and demand and get paid for all ongoing business. Like a tollbooth on a bridge, every time a transaction takes place, you get paid. You can do this in any industry or business, anywhere. You don’t need money, business experience, or connection or a database to broker Joint Ventures.
Everything you need is already available through other people:
- Time
- Money
- Credit
- Employees
- Equipment
- Databases
- Skills
- Reputation
- Education
- A Sales Force
- Credibility
You name it, you simply use / borrow / share existing resources.
If you do have a business, utilising the power of Joint Ventures is like putting your business on steroids (legally of course)!
Joint Ventures is nothing new, businesses have been doing Joint Ventures for hundreds of years, and all the large companies use Joint Ventures all the time, yet only 1% of small and medium sized business use and understand Joint Ventures.
Joint Ventures offer you the opportunity to make an unlimited amount of money in a very short period of time. With NO money or risk. Joint Ventures offer you the duplication and leverage necessary to provide a lot of value for a lot of people = a lot of money.
Joint Venture Brokers know that their job is to solve problems, build bridges to help people get where they want to go, relieve pain, make introductions and help others achieve their goals, avoid pain and gain pleasure. Their job is to create value and get paid for it. They are good listeners and they are detectives. They think Out of the Box. They see the big picture. They are generous and understanding. They care about other people. They are in control of their egos. They are patient and serious about business. They are honest. They are punctual and professional. They return their calls promptly, pay their bills on time, do what they say they will do and they don’t play games. They are Capitalists and they expect to get paid. They are direct, confident and selective.
Advantages of Joint Ventures
Joint Ventures offer leverage and duplication.
While there are many advantages to Joint Ventures, what makes Joint Ventures an especially lucrative way to make money according to Robin J. Elliott is that, “A Joint Venture Broker gets paid an on-going, regular commission on all the resulting business that results from his/her initiation or introduction.” This means that a savvy entrepreneur can set several Joint Venture deals in motion and have them operating simultaneously to produce multiple streams of passive income, flowing from multiple sources.
When you set your deals up in this way, the benefit of Joint Ventures is massive!
Joint Ventures offer the maximum freedom and flexibility in wealth creation because you can:
– Work anywhere
– With anyone
– Any time
– In any industry
– With any product or service
– With no cost, risk or limitations
Difference between Joint Ventures and Networking
‘A JV Broker solves – he or she doesn’t sell.’
If he or she helps someone solve their problem by linking them up with a resource, the JV Broker makes money. They get paid for results, not promises.
– Joint Venture success is based upon creating value and reciprocity
– Joint Venture Brokers are masters of accessing underutilised assets in businesses or individuals to create value for themselves and others
Build Your Joint Venture Team
Working with others to achieve a common goal is often attributed to team sports. It is also very applicable to developing successful joint ventures. Creating a mastermind whereby each member brings a different skill set to complement one another which fast tracks all parties in meeting their goals.
Who’s on your team?
Investing in Joint Ventures has provided me the opportunity to build an increasing passive income without restraints.
To your success!
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This post was written by:
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Brent Frewen – who has written 1 posts on Business Blogs.
Brent Frewen works internationally with the owners of small and medium sized businesses to help them achieve their business goals with no cost or risk and minimal time. Offering access, information and solutions to business owners and individuals to help achieve financial freedom through the use of Joint Ventures.
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