Joint Ventures are considered an essential part of growing your business and becoming successful. However, many people looks at JVs as a fearful or overwhelming idea. If you follow some steps and have some preparations together then you can move forward confidently.
First, before approaching anyone, do you have your business set up and do you know what you want to do a joint venture on. Many of the people that you approach may already be receiving several offers, so preparation is the key.
Then decide on who you want to have JVs with. If you are not sure, you can do some research to help you find some potential people. The details on searching can be an article in its self, but to highlight you can:
Look at what your business is; what other businesses would complement yours. Then search the web for them. You can also ask around at forums and newsgroups and ask for referrals. Once you have done that carefully, pick a handful that you would like to try.
Look at their websites. Ask yourself, what is it about them that I like and why would I want to do business with them. What about their site stands out for me and that I could comment...
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