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4 Secrets of Successful Joint Ventures

By March 4, 2007

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Business is all about relationships. Your small business can't exist alone on an island but in partnership with others. Forming joint ventures and strategic alliances are a necessity today. According to Booz Allen Hamilton, over 20% of the revenue generated from the top 2,000 U.S. and European companies comes from alliances. No business of any size can afford to ignore the rewards of joint venturing. Don't rush into a joint venture without understanding the key concepts of strategic alliances and partnership ventures. Poorly executed and badly planned joint ventures are doomed from the start. Learn the secrets of joint venturing. 4 Secrets of Successful Joint Ventures.
Comments
March 31, 2007 at 7:50 am
(1) Bill says:

As there are good business and accounting reasons to create a joint venture with a company that has complementary capabilities and resources, such as distribution channels, technology, or finance, joint ventures are becoming an increasingly common way for companies to form strategic alliances. In a joint venture, two or more “parent” companies agree to share capital, technology, human resources, risks and rewards in a formation of a new entity under shared control.

April 12, 2008 at 4:57 am
(2) Geoff Dodd jv says:

The other thing of course is that the right joint venture script makes a world of difference to your JV outcome. You need to focus on profit opportunities with One Time Offers built-in to the partner signup process. And the member joining process.

May 18, 2009 at 9:00 am
(3) Stefanie Hartman says:

Proper planning and a good execution are key to a successful joint venture. Both parties need to work together.

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