Value Proposition canvas- Customer needs and pains
Joint venture
1.
2.
3. Joint Venture is a win /win collaboration between two or
more people, sharing resources to solve common
problems and achieve goals.
No limits, no catch, no selling, no manipulation, no risk.
It can be called a Strategic Alliance or Partnering as well.
4. YES!
It is possible to do absolutely
everything yourself in your business.
It is possible to design the business,
produce all of the products, and spend
a long time putting together a database
of prospective clients to try to sell your
products to and many more.
BUT,
6. Team up with joint venture partners and
establish a mutually beneficial relationship,
(and start making a profit from your project in
less time than you ever thought possible.)
7. You are about to learn one of the most powerful
tools I know for being successful in today's
competitive business atmosphere.
8. No other strategy or methods could compare to the
profit-boosting and growth power of joint ventures
(also called JVs). That’s because you get to leverage
from your JV Partner’s resources and assets.
10. On average each fast-
growing companies is
engaged in 5 different
types of joint venture
11. According to
Commonwealth
Alliance Program
(CAP), US
businesses
anticipated
strategic
alliances or joint
ventures to
account for 25%
of all revenue by
2005, a total of
40 trillion
dollars. And it is
growing!
12. No small business today can afford to ignore the
rewards of joint venturing!
13. Here's a look at why massive businesses sort JVs.
Do you see a similarity to your desires?
Most likely you do.
Learn from the world-wide corporate giants.
15. Spreading Prices
You and JV partners can share prices associated with
advertising, product or service improvement, and
other expenditures, reducing your monetary burden.
16. Opening Accessibility to Fiscal Assets
With each other you plus a JV accomplice may have
greater credit or far more assets to obtain bigger
resources for loans and grants than you could obtain
on your own.
17. Connection to Technological Assets
You could possibly want entry to technological assets
you couldn't afford personally, or vice versa. Sharing
progressive and proprietary engineering can increase
items, as well as your individual understanding of
technological processes.
18. Improving Obtain to New Markets
You and your JV partners can combine client and
contacts with each other or even create a joint
products or services that accesses new markets.
20. Develop Stronger Innovative Solution
With each other you and also a JV companion may be
able to share suggestions to produce a product that's
a lot more competitive within your industry.
21. Increase Speed to Market place
With shared entry to economic, technological, and
distribution means, you along with a JV accomplice
can get your joint item into the market place quicker
and a lot more efficient.
22. Strategic Move Against Competition
A JV may perhaps be able to better compete against
another business leader by means of the combination
of markets, technologies, and innovation.
23. Aid Economies of Scale
Collectively you as well as your JV partner can develop
goods or services that reduce total overall production
expenditures. Bringing your product or service to
market place cheaper where the client can take
pleasure in the price savings.
25. Synergistic Causes
You may possibly come across a JV partner with whom
you are able to create synergy, which produces a
greater result collectively than doing it on your own.
26. Share and Strengthen
Technology and Skills
Two progressive organizations can share technologies
to boost upon each other's tips and expertise.
27. Diversification
There might be several diversification causes:
accessibility to diverse markets, improvement of
diverse items, diversify the modern working force,
etc.
28. Developing Joint Venture
Execute
Identify Selecting Negotiate Reap The
Set Goals Strategize JV
Partners Partners Terms Rewards
Concepts
29. Joint ventures are extremely frequent - Particularly,
JVs are very prevalent amongst massive
organization.
30. Don't let a JV opportunity pass you by.
Little and massive companies alike can
take advantage and benefit from JV
31. Analyze how your business can benefit
internally, externally, and strategically.
Create, structure and strategize a JV
that will achieve your goals.
Find a JV partner that will connect, synergize and
leverage their resources to benefit both parties.