By Synertegic on April 7, 2009
All around our economy, we find evidence of successful joint ventures. Look in the newspaper. Watch it on the news. Find it on billboards and advertisements. The most popular JVs have exerted a large influence on our society, our economy, as well as technological developments.
In America, and in most advanced countries in the [...]
Posted in Partnerships
By Synertegic on April 1, 2009
As with any relationship between spouses, friends, relatives, and even co-workers, your relationship with your JV partner requires that you continually develop and nurture it so that you both feel confident, supported, and satisfied with your endeavor. That means after you both agree on a JV partnership and put your strategy in motion, there are [...]
Posted in Partnerships
By Synertegic on March 30, 2009
When you think about a successful joint venture partnership, you probably know the already proven success strategies, such as shared customer contacts, bigger markets, and bundling products/services. But most entrepreneurs and small business owners miss some of the other obvious JV strategies that can lead to cost savings and more revenue.
1. Share Office Space
Sharing a [...]
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By Synertegic on March 27, 2009
A joint venture can be challenging, not just in the sense of business success, but of psychological success as well. Within your joint venture is a dynamic between you and your JV partner that requires careful maneuvering, much like a courting ritual. There are careful dance steps, communication gaps, and misunderstandings. And until you find [...]
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By Synertegic on March 26, 2009
During your ongoing business dealings, you may find that your markets change, your customers grow and diversify into other demographics, and even your products or services may modify into something new. This can also be the case for your joint venture partner’s business as well. If you find this happens and your JV cannot adapt [...]
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By Synertegic on March 23, 2009
When most business owners and entrepreneurs think about forming a joint venture, it is usually during positive economic times when business prospects are good. But what about forming a JV during a recession or when an economic downturn affects the region of your business?
Case Study: When the Times Get Tough, Capitalize on a JV
That’s [...]
Posted in Partnerships
By Synertegic on March 20, 2009
A joint venture is a proven method to increase your marketing and sales – with a much lower risk that doing it all yourself. Since you share resources, costs, supplies, and contacts, the risk is spread between you and your JV partner. You both agree to share the profits (and losses) that are realized from [...]
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By Synertegic on March 18, 2009
Forming a joint venture partnership can be a big step for many entrepreneurs and business owners who have made their own empire all by themselves. However, if you are a delegation-style business owner, you may have reservations about entering into a JV with another business owner.
If a JV proposal looks enticing and [...]
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By Synertegic on March 18, 2009
You have an online business that you started from scratch. It has grown steadily over the last few years, and you make a small profit from your endeavors. However, it hasn’t grown as quickly as you first imagined, and the profit isn’t enough to pay your Internet bill each month, but not your rent and [...]
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By Synertegic on March 13, 2009
What is a strategic alliance? It is an alliance between two or more entrepreneurs or business owners who work together in a strategic fashion for mutual benefit. It is a double “win” arrangement that is based on a solid joint relationship.
If you are considering a joint venture or strategic alliance, begin your process with a [...]
Posted in Partnerships
