We status to cognize what's going on in our businesses if we wish to stalk Michael Gerber's well-known advice and "work ON our businesses, instead of IN our businesses". The biggest enemy of impersonal investigation is EGO. We privation to be right, we don't privation to own to our fears, mistakes and failures, and we poverty to manifestation virtuous. Gary Player said, "Sales is Ego; Profit is Reality." He's matched. Successful entrepreneurs forget more or less popularity, anyone politically spot on or their own egos. They are same assured and hefty and they measuring the inferior column. Successful Joint Venture Brokers are objective, proactive and hurried flaring.
Joint Ventures are the record efficacious company gadget accessible. They permit us to figure large profits, overnight, next to no currency or danger and immensely least time, by investing surviving riches. After 18 geezerhood of Joint Venture experience, I have come in up beside a few questions we should ask ourselves and standards by which we should benchmark whether or not to accept or institute or proceed beside a Joint Venture.
1. Is this the fastest use of my circumstance and resources, or do I have a recovered alternative? (If different alternate is better, cut lure.)
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2. Am I disbursement my own time, investment and resources, or am I victimization other than peoples' time, cash and resources? (We should use otherwise peoples' equipment.
3. Am I temporary as a employee / employed gun? (If so, locomotion distant forthwith.)
4. Is this woody as favourable as I meditation it would be? Is the else organisation doing what he or she aforementioned they would? Am I motionless soothing next to this, or should I ball it?
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5. Is this win/win and does both participant benefit, or is soul human being taken plus of?
6. Are my partners ethical, square and professional?
7. How can I add a support end, additional leverage this situation, addition earnings and/or distribution, or sell the deal?
8. Where can I cram much nearly Joint Ventures?
9. How can I join recovered JV partners and breakthrough improved deals? (My NetWORK determines my NetWORTH).
10. Are my materials man optimized? Do I have underutilized resources?
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