Tips For Small Businesses Using Joint Venture Partnerships

According to Hot Growth, a list of America’s fastest-growing small companies, several of the most popular online auction and technology corporations are now billion dollar companies. Past list members who have graduated to the big time include Abercrombie & Fitch, Whole Foods Market, Cisco Systems, eBay, and Apollo Group.

So as you can see these household names started out small and joint venture marketing has been a key factor in their success. A few suggestions include:

Making a proposal

Try not to aim too high with your offers even though it is tempting. As a small business, target your offer to another small company with complimentary but not competing services. Establish successful joint ventures with small companies which will get your business noticed by the bigger more powerful ones. A reputation as a solid business owner who knows how to turn joint ventures into gold for their partners will benefit you in many ways. Businesses naturally gravitate towards other successful businesses. Advertise your company by announcing joint ventures through press releases and articles in trade magazines. The competition will quickly become aware of your presence, as your business expands and there’s a chance that powerful companies might come up with proposals to joining forces with your company.

Decisions that Make Sense

Research companies that are aimed at the same audience your business is trying to reach. When choosing a joint venture partner company look for things like, do they have joint venture agreements with your competitors? Does your potential partner have other joint ventures that did not work out, if so why not? You should make sure your company and the potential partner companies have similar goals for this agreement.

Agreements and Contribution Plans

Dividing everything 50/50 and seeing your partner as your equal is a great way to do business but it may create problems when a decision is needed and both parties cannot see eye-to-eye. If these problems are worked out ahead of time in the agreement, it will save time later. The agreement should also specify a way to unwind or even exit the joint venture if deadlocks cannot be broken. Similarly, both parties should work out a clear contribution plan, which clarifies both who invested what and who is required to put additional cash into the venture moving forward.

Take careful consideration when choosing a joint venture business partner. Make sure to research all possible partners, aim your proposal to other small companies first and let the big ones come to you after, making a successful reputation.

Christian Fea is CEO of Synertegic, Inc. A Joint Venture Marketing firm. He exemplifies how to profit from Joint Venture relationships by creating profit centers with minimal risk and maximum profitability.

To discover more Joint Venture Marketing Strategies join his free report on Joint Venture Marketing.

Business Leaders Discover A New Way to Make Money For Their Investors; Now They Need to Learn How to Write a Book Fast

 Memo from the Executive Suite

In hard times like these, true entrepreneurs are finding new ways to make more money is often the highest reward experience for experienced business leader.

What are the options? Well, it is no surprise that the absolute top way that is encountered for the business leader improve the bottom line is to write a book and make it a bestseller.

Congratulations, you’ve decided to write a book…that’s great! Being a bestselling author can gain you credentials and help your business attract ever increasing numbers of clients And if those are your only goals, then the sooner you begin writing a book, the better.

However, if you are just focusing on having a book fast, you might miss one of the best reasons for having a book…and that is to make money. 

The quick and easy way to attract more recognition and clients is “slowing down and taking the time to create a bestselling business around your book”, says book business expert DrProactive Randy Gilbert.

DrProactive says you will end up with a more money, a better book, and a passive income far in excessive of what you would have otherwise made with just a book.

It can make you a bestselling author, and a millionaire at the same time, which is why DrProactive named “bestselling business”. Getting busy and starting to write a book that has a business created as an integral part of it, is super important.

You can use the procedure below to create an information business centered on your book.

Use the 80-20 rule as a habit and work on the most important thing everyday. One hour a day would be wonderful but even 30 minutes would be great. Even on your busiest days, try to do at least 10 minutes at some point. Just take action. Don’t worry about getting things perfect. Write a first draft, find an editor or revise it yourself.

Rearrange your priorities and start writing your book today by creating a bestselling business. In 90 to 180 days, you will have the first draft of a great if you follow these steps, and you’ll have enough books pre-sold to make be a bestseller as soon as it’s published, as well as passive income to help put your business in the black. 

ACTION POINT: If you want to learn how to write and publish a good book that produces revenue and becomes a bestseller, then you must follow the secret recipe that others use to achieve that goal. Choose to use the Key Factors outlined above and keep your eye on the ball, and you’ll knock it out of the park

There is no time like the present. Get started right now with building a bestselling business around your book. You’ll get a bestselling book and a million dollar business the quick and easy way.