Joint Venture.
If and when you're up for a Joint Venture, either when you want a partner for something you're about to do, or if you're looking for something to join as a partner..
What do you do?
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Most joint ventures are incorporated, although some, as in the oil and gas industry, are "unincorporated" joint ventures that mimic a corporate entity.
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I personally have been looking for business partners for the last 2 years now.. And I do partner up with multiple people each year in various projects. However, I don't charge in "
yolo-style" like I've done in the past.
I'm more careful nowadays as I've been literally throwing money away by being too impulsive earlier. But because I've changed my own approach a bit, I don't do as much JV's as I did in the past, and that bothers me. For several reasons.
That being said, have you ever done JV's? - How was it?
And if you're looking for partners for something you're about to launch. What is the most important thing for you?
Best Regards,
hitmeasap
Lynne
I just have one problem and that is trust. I have such high expectations and quite frankly most people don't work as hard as I do. When it comes to putting the time in I'm just not sure I will be able to find someone as dedicated to projects as I am.
Yes someone can throw money at me so I have the finances to invest in my business but then I do all the hard work and they will benefit for how long?
I struggle with this because I find most people are takers and will give a little and take a lot.
I give a lot and I do things for myself and I just don't want to share anything with someone that doesn't deserve it.
It makes things a little tough for me. Andre I would love a joint venture partner for some things I am doing already and for some things I am going to be doing next year too. I just have one problem and that is trust. I have such high expectations and quite frankly most people don't work as hard as I do. When it comes to putting the time in I'm just not sure I will be able to find someone as dedicated to projects as I am. Yes someone can throw money at me so I have the finances to invest in my business but then I do all the hard work and they will benefit for how long? I struggle with this because I find most people are takers and will give a little and take a lot. I give a lot and I do things for myself and I just don't want to share anything with someone that doesn't deserve it. It makes things a little tough for me.
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