January 16, 2018
Just in case you needed a list, here’s one of 50 ways that joint ventures can add a boost to your business. Among the highlights are the ability to: Increase your credibility by teaming up with other reputable, branded businesses Gain new leads and customers Offer existing customers a wider range of new products and services Find and create new distribution channels for your products Offer additional bonus products and incentives I’d suggest caution when relying on some of the financial claims, such as “you can construct most JV deals with little or no money,” “you can beat your competition,” “you can start almost any business at little or no cost”. Like diet supplement ads, results aren’t always representative, nor can they be guaranteed. Particularly with the claim that “you can solve your business problems,” note that not all problems can be solved with a joint venture. In fact, you can compound your problems with the wrong JV partner, or with a less-than-clear understanding about what each partner will do or how money will flow. …
Continue ReadingSo you’ve identified the exit events that can trigger a buyout. Yippee-ki-yay. Is that the end of the exercise? Of course not. (You knew it wouldn’t be, didn’t you?). Identifying when a buyout situation might…
Read MoreThey say that “fools rush in where angels fear to tread,” and the same applies to raising capital for your business from friends and family. The personal relationship should act as an extra warning flag…
Read MoreDid you know …? … One of the best places to find a better way to run your business is by looking at how you work with your clients. Why? Because in my experience, many…
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