Don’t Expect Your JV Partner to Do All the Work
It is important during a Joint Venture to make sure that the amount of work between the partners is evenly distributed. You may consider this easy to do during the initial negotiation, developing the contracts and as you finalize who is responsible for what, and this does help. However, sometimes, during the 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. This is when you need to develop and demonstrate some leadership. Call your JV 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 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 damage 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 result 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.
Vickie Jimenez is the author of “Champgane thoughts and Caviar power The Science of Results Oriented Thinking” and has over 20 years in the Personal Development field. She is an expert in personal and business mind set performance as well as work environment management. She is a speaker, corporate trainer with a joint venture back ground and the CEO of Success Systems Seminars. She teaches companies and individuals how to raise accountability and performance through self-command. increasing production, revenues, culture, sales and career satisfaction. To learn more visit successsystemsnow.comsuccesssystemsnow.com or visit privatejvclub.infoprivatejvclub.info
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