How to Develop a Joint Venture

Step-by-Step Guide

1. 1

   Step 1: Book and attend events or venues where specific networking sessions take place.

   Follow them without hesitation. , Do a thorough research and gather as much information as possible about your future partner(s).
   
   Get to know them better to see whether you share the same values and have the same vision on how to manage the investment successfully.
   
   Make sure you discuss each party’s duties and responsibilities, the split of returns, the management control, exit strategies, etc.
   
   Cover each of the above and put them in writing. ,,
2. 2

   Step 2: Make connections with attendees who are open to meeting and partnering with you.

3. 3

   Step 3: Arrange and attend your 1-to-1 meeting(s) where you'll ask questions and get to know one another better.

4. 4

   Step 4: Trust your gut feelings

5. 5

   Step 5: they are there for a very important reason.

6. 6

   Step 6: Do your due diligence and check on these potential new partnership(s).

7. 7

   Step 7: If you are not happy

8. 8

   Step 8: walk away and make room for other viable opportunities to come your way.

9. 9

   Step 9: If you are happy

10. 10

    Step 10: then insist on signing on the Joint Venture Agreement's dotted line and progress with set agenda.

Detailed Guide

About the Author