Tag Archives: joint venture

Business Partners, Joint Ventures and the Win-Win-Win Strategy

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Most people are very familiar with the idea of “win-win” in the development of joint ventures. This way of thinking has helped push old world business owners into thinking about the benefits of helping their business partners as well as themselves.

To strengthen business relationships, you need to focus on what would benefit both parties. The result creates more of a unified force. Asking yourself how you can help your business partner will truly make a huge difference in the long-term stability of your venture. A good way to start a relationship is to ask both parties for their Conditions of Success (COS). Then everyone knows what is expected at the end for joint success.

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Looking for Your Next Business Partner

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You’re a talented and innovative thinker planning to launch a ground-floor venture. Should you go it alone or bring in a business partner?

As we mentioned in our earlier blog, “Is it Too Much to Ask for the Perfect Business Partner?” a number of business pairings throughout the years have turned into great successes. Primarily because of the skills and traits each partner brought to the pair. However, a lot had to do with the actual relationship between the individuals involved.

Not Everyone Should Be Your Partner

This seems like an obvious statement. However, Continue reading →

Joint Ventures Must Be Mutually Beneficial

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It’s hard to imagine peanut butter’s success without jelly and vice versa.  Without the unique qualities of both these elements, the PB&J would have its anonymity.  Like this staple sandwich, so many businesses are also making successful names for themselves through their wise joint ventures with other companies.

Choosing just the right partner, however, is just as important as selecting that special someone in your personal life.  If you don’t find a genuine, natural fit, it could be disastrous to both your companies.

So, how then do you make a joint venture beneficial to your company?   Continue reading →

Joint Ventures Are for Businesses of All Sizes

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Successful businesses around the world understand the power of creating joint ventures to grow their business. Developing relationships with other companies gives you the ability to grow your revenues and has been used by corporate giants and small business owners. The principle works as it is based on strategic alliances.

What Is A Joint Venture?

A joint venture is essentially partnering with other businesses to create a partnership. Continue reading →