How Not to Mess Up a Joint Venture

Joint ventures are being solidified among some of the most far-flung, unexpected and fruitful individuals. After all, together we know everything and can do everything we’re meant to do.

Which is why you must know *exactly how* to broach the topic of splitting up the money in joint ventures. Many times, small business owners (you?) won’t even consider potential partnerships because they don’t know how to have ‘THAT conversation.’

Enter a simple formula that depersonalizes that conversation and makes it logical. Suddenly, so many more joint ventures are possible. You wouldn’t agree to help Michaelangelo paint the ceiling without a great set of paintbrushes, would you?

The good news is, the formula isn’t complicated, nor does it require a calculator, really. In fact, I dare say a large portion of the value of the material is from the sheer simplicity and robustness of the formula. We at Multiple Streams of Coaching Income use it several times a week, for ourselves and for clients. It hasn’t ‘failed’ us yet.

Think about it - with the right joint venture partners in place, you really can ensure your success. The trick is how to find the right ones, and then once found, how to negotiate a deal that works. Don’t become one of the many whose joint ventures, once so promising, fell off the tracks because “we couldn’t figure the money out.”