Joint-Venture your way to the top

Joint ventures are a great way to partner with another company or person who seeks to achieve similar goals. Using your resources in a joint venture agreement, you will save time and money in the realization of your dreams. Before you configure your joint venture agreement, decide what exactly, it is that you want to complete the project. Are you seeking access to additional information and resources, you want to tap into your potential joint-venture partner is already operating in new markets, you are looking to extend your marketing reach? That is what you hope to accomplish? With a target set at which to aim, you're more likely to hit the "bulls-eye" and create a joint-venture winning plan.

Joint-venture vs partnership: benefits

Because the main difference between a partnership and a joint venture is a joint venture is normally temporary or project based, there are tax benefits that can be made. First, each Member of the joint venture retains ownership of his property. Secondly, the members of joint ventures are taxed on the profits of the joint venture according to what commercial structure has been established for each company. Also, a joint venture participants can choose to use as much or as little of their application for allocation of cost of Capital (CCA) as they would like.

We will use an example of an inventor seeking to implement an innovative product on the market. Normally, an inventor has no resources and the distribution channels required to produce its product in mass. Think creatively, the inventor decides to manufacturing companies with he believes are required to produce its product of research capacity. By spouse venture with manufacturing company, the inventor now has access to additional funding, the resources of production and distribution channels that can take months or even years to develop on its own. The company has acquired a new product to provide its current and potential customer base, thus potentially creating an additional income stream. However, the two parties retained their autonomy in respect to how the share of income is used for each entity of the joint venture.

Joint venture business

Suppose that you do not have a great new invention to market. Say that your business is focused on service, providing consulting services for the small business sector. Your dilemma is coming to gain greater exposure to market to your target market. How you achieve without spending an arm and leg on advertising? How about joint venture with a bank or credit union that is currently maintaining your target market? That they are able to offer your services as a resource to help the companies they fund to succeed. Naturally, the Bank is interested in the success of the companies that they are funding and part of a successful business is a great marketing strategy. You reach a broader target market, the Bank help the companies in which it has a direct interest and you both retain autonomy.

There are a myriad of venture opportunities. You can joint your way to the top if you are ready to think outside the box, describe the specific objectives of your joint venture agreement and to follow the performance.

To achieve Christian Fea for a consultation on how to create more out of your business, please contact Christian, http://www.christianfea.com , or to subscribe to her e-zine, Collaborism, creating more profits through active leveraging, please go to: [http://christianfea.com/subscribe-to-the-collaboration-marketing-e-zine/]