Don’t Expect Your JV Partner to do All the Work
It is important during a Joint Venture do make sure that the amount of work the joint venture requires is evenly distributed. You may say that this is easy to do by making agreements and writing in a joint venture contract who is responsible for what and this does help. However, sometimes, during the joint venture process, you may need to enhance an outcome with a new solution that is not written in the contract. It comes unexpectedly and needs to be dealt with quickly in order for the rest of the joint venture to be successful.
Maybe more phone calls need to be made, a system needs to be redesigned or more tickets need to be sold then first thought of. This is when you need to begin to develop some joint venture leadership. Call your joint venture partner and either ask what they need help with or offer suggestions about how to share this new work load. You can brainstorm or solution seek together. However, the worst thing you can do to your joint venture partnership is ignore the new amount of work and assume your joint venture partner will provide the solution for you and do all the extra work.
If you do, you will hurt a relationship without knowing it. If your joint venture partner takes on more or creates a solution quickly without you having to get involved, make sure that you thank them. Send them a thank you card. Make sure you acknowledge their extra effort. These simple suggestions often get overlooked by JV partners and results in your alliance becoming compromised.
Your goal is to build a big network of alliance partners and become the kind of person or company that other JV partners like to work with. Make sure you don't expect your JV partner to do all the work. Become the kind of partner others love to work with and you will have a flourishing joint venture business structure.
About the Author:Vickie Jimenez is the Author of "Champagne Thoughts and Caviar Power the Science of Results Oriented Thinking." She is personal and business development expert with a joint venture background and 20 years in the industry. She is an international speaker and trainer. Vickie's Mission is to educate and inspire people to achieve maximum results by empowering them with a strong state of self command. To learn more Visit http://successsystemsnow.com or visit http://privatejvclub.info
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