Nov 16

1.  Multiple Joint Ventures running simultaneously.

We understand how one Joint Venture can feed another and open new possibilities, how some fail and some work, so we’re always running a number of Joint Ventures at the same time with the least amount of time possible. We realize that we can create unlimited wealth through Joint Ventures.

2.  New Joint Ventures being added regularly.

We don’t sit back when we have a comfortable, residual income from multiple sources – we continually add new Joint Ventures. We are realistic and understand that Joint Ventures don’t last forever.

3.  Joint Ventures that are not working being aborted and scrapped regularly.

When we see that the Joint Venture or the JV partner is not working out, we don’t hesitate to walk away. Especially if we see dishonestly, greed, ego, or other agendas. We look for patterns.

4.  High standards and expectations.

We don’t look at small, impotent Joint Ventures, and we expect our partners to be as professional, production, and punctual as we are.

5.  Very selective whom they partner with.

We don’t deal with unknown people – we prefer to work on a referral basis. We do our due diligence and we’re careful with whom we associate.

6.  Specific requirements before considering a JV.

Simplicity, potential, time, risk, cost, integration possibilities, the people behind it and their track record and resources. We don’t leap blindly and emotionally into every new venture, because most of them are not good. They have to meet our standards to even be considered.

7.  Fast decisions, most of them “No.”

We don’t have to think about a JV for a long time – after getting the details, we make fast decisions. We stick to our commitments and get things in writing.

8.  Massive action taker.

We don’t sit around waiting for things to happen – we make them happen, follow up, make calls, take action, and WORK. We expect our JV partners to do the same.

9.  Professional, well-prepared, positive attitude.

We have high self-esteem and it is reflected in our grooming, dress, behavior, communication, the people with whom we mix, and our preparation and follow-up.

10. Always learning and helping others.

We are generous, friendly, and straight-talking. We like helping others to help themselves and we’re always open to learning new things.

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One Response to “10 Signs of a Successful Joint Venture Broker”

  1. Kurt Malmgren Says:

    Good analysis – should be right next to the 10 Commandments.

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