Joint Ventures

What if there were already companies or individuals that had the customer base that matched your avatar?

Would it make sense to go and spend money trying to attract those same customers from that business? Maybe if they are a direct competitor to you of course but otherwise would partnering with them be a smarter way?

But don' I have to give some of my business or ownership up in a joint venture?

Sometimes yes, but no not always.

Joint ventures come in all different shapes and forms. As Keegan outlined in the introduction there are many forms of joint ventured already with you all that make up the real incomes business group.

Usually, a call to discuss what both parties do would be accompanied by a 6-7 slide presentation.

Once there is a mutual agreement that there is a synergy to work together, the next step is to work towards ahead of Agreement of an MOU (memorium of understanding). See attached templates here

This is just a way to map out what both parties want and outline the expectations of each party for the JV to go ahead.

It is common to begin operating under a JV and then move to a formal contract as you start to hit milestones.

JV can be a great way to gain a lot of traction in a market that may take you many years to break into if you are going at it alone.

Reach out to Keegan or Lyndon if you want more in-depth details on a specific instance of a Joint Venture