Joshua

Hello. As anyone here ever started a joint venture with someone you know well? What was that like? Is it a good idea? Maybe you don't think it is such a good idea?

Give feedback on your joint ventures, and maybe inspire more members to start one.

Thanks,
Joshua.

Jay

Joint ventures have their ups and downs.

I require a retainer to ensure the customers will put forth the proper effort.

JV's can be very profitable for all parties. Ther are 3 main types of JV's assides from simply financing, what kind are you inquiring about?

1- Your customer list with outside product
2- Your product with outside customer list
3- you control the deal, with outside product and outside customer list

Feel free to reach me with any questions..
Jay
info@360vg.com

Christopher D

That post gave me some understanding of what they are. However can't you have a half and half thing where you own half each and do half the work each?

Matthew S

I suppose you could. However problems if someone wanted to own the full business. The best would be 51/49. Less problems would happen that way.

William P

Not a proper fifity fifty thing no. However I have had third party work. Where I get the customers, and someone else does the creation of the product, and someone else does something differnt. Etc....

Emily A

I am the same as William.

I haven't never actually owned something with someone. However I have done deals that involves more then one person to provide the service.

Olivia

I am getting some staff members togeather for various businesses and organizations I have been planning. Hopefully I will be participating in many Joint Venture that go sucessfully.

Matthew S

I myself have tried joint ventures. However from what I have discovered I would be better suited with my solo ventures. My personal opinion.

Christopher D

I would prefer to own my businesses myself. However I think if it was a relative I would be willing to go joint.

Depends I suppose.