| Sometimes we can see a person or a company | | | | your JV partner and there is a deadline, make |
| that others love to joint venture with regularly. | | | | sure you honor it. It can be very tough on the JV |
| They never seem to run out of JV opportunities | | | | partner if you are late and you deliver at the last |
| because they are fun to work with, have | | | | minute. |
| abundance mentality and JV etiquette. | | | | Become an abundance thinker. When you |
| Having poor JV etiquette can damage your | | | | approach a company with a feeling of desperation |
| business and put you out of the joint venture | | | | or wanting to use them to help you "breakout or |
| circle overnight. It is as if you go to a dinner | | | | launch" your product without concern for whether |
| party, and have really poor table manners, get | | | | the product fits them or their customers you |
| drunk, insult your host and then demand dessert | | | | have presented yourself as a limited or lack |
| just because you are there. Chances are you will | | | | thinker. No true entrepreneur wants to do a joint |
| never get invited back and several people will find | | | | venture with a limited or lack thinking |
| out about your poor manners and you will not be | | | | entrepreneur. Desperation does not make a good |
| invited to a dinner party nor will anyone accept an | | | | joint venture partner. |
| invitation from you to go to your dinner party. | | | | Make sure you listen. Sometimes you can be so |
| If it seems you can't get anyone to do a joint | | | | excited about landing a joint venture with |
| venture with you, no matter how many times | | | | someone that you can talk to the point of verbal |
| you ask, then you may need to learn some JV | | | | diarrhea. Make sure that you have a dialog that is |
| etiquette. It is not always comfortable to look at | | | | two way. Listen and ask questions to find out the |
| manners or behavior however, if you would like | | | | needs of your potential JV partner. When an |
| your business to thrive, you must become the | | | | entrepreneur is skilled at asking questions in |
| kind of entrepreneur other businesses want to | | | | regards to their potential partners JV needs, it |
| work with. | | | | creates trust and faith. It shows the potential |
| Etiquette 101 | | | | partner that you have interest in his company and |
| When forming a joint venture relationship, you | | | | his business. |
| must look out for the interest of both parties. | | | | Make profits equitable for both parties. If you are |
| When you present your JV idea, you must be | | | | a joint venture partner it is important that both |
| able to show your potential JV partner what the | | | | parties gain remuneration from the venture. If |
| benefits for them are going to be. You must be | | | | your offer is too small you will, most likely, not |
| clear in being able to depart how and what | | | | develop interest from any joint venture partner |
| benefits will be gained by working together in a | | | | because it will not worth the time or effort |
| joint venture alliance. These must be real benefits. | | | | involved in creating the venture in the first place. |
| If you only want them to sell your product to | | | | If you implement joint venture etiquette, you will |
| their data base of customers because you know | | | | find that other entrepreneurs will love to joint |
| it is a big data base or because they are already | | | | venture with you. This gives you opportunities to |
| popular, this can be perceived as dishonest. Make | | | | create many joint ventures, grow your business, |
| sure you can show your potential partner how | | | | provide products that are relevant to your |
| the product is relevant to their data base of | | | | customers and help other entrepreneurs develop |
| customers. | | | | JV etiquette too. Remember being and abundance |
| Deliver what you say you are going to deliver on | | | | thinking entrepreneur means helping push up as |
| time. Your word in a JV agreement is your | | | | many people as you can. Think of as many ways |
| credibility. If you lose that, you have damaged | | | | as you can to create beneficial joint ventures and |
| your joint venture possibilities for the future. If | | | | watch your business flourish. |
| you say you are going to create a product with | | | | |