Two people decide to start a rubble removal business together as a Joint Venture.
They agree that they will each pay half the monthly lease and maintenance on the truck, which they will share, by using it on alternate days. For example, John will use the truck on Mondays, work hard, and make as much money as he can. Jim will use the truck on Tuesdays, for his own benefit. Each will be responsible for finding his own business and paying for the gas he uses. Each will earn as much as he can.
Sounds Good. Here’s the Reality.
John works hard, promotes his work, delivers excellent service, goes the extra mile, and makes good money. Jim is lazy, does shoddy work, has a bad attitude, and doesn’t make enough money to even cover his portion of the lease and maintenance on the truck, so he blames John and claims that this is a “Win / Lose” situation. After all, he is paying for half of John’s expenses, and John is making money, but Jim is losing money. This might sound ridiculous, but I encounter this loser mentality regularly.
Earn According to Production
John is not responsible for Jim’s choices, work ethic, or abilities. He is paying what he agreed to pay, and earning money according to his own personal production, so he deserves what he earns.
Jim deserves what he earns, too.
This is a win/win situation.
Losers Always Expect to Be Carried
Losers always find a scapegoat and claim to have been ripped off by successful people – that is as old as time itself. The leeches and parasites want the producers and creators to carry them on their backs, like Atlas carrying the world on his shoulders. Sooner or later, Atlas Shrugs, and the losers fall off his back. And then the losers blame the producer for their own bad choices.
What a Win/Win Really Means
A win/win Joint Venture should always reward production and punish slothfulness and failure, and as long as both parties do what they promised and agreed to do, and each takes responsibility for the results he produces or fails to produce, we have a win/win.
Another Example
Adam decides to become a carpenter, so he pays to attend carpentry school. He learns everything, the classes deliver as promised, and Bob is certified as a qualified carpenter. But he makes bad choices, does bad work, smokes pot and sleeps half the day, so he fails as carpenter. Then he blames the carpentry school and calls the situation win / lose.
Silly, right? Silly, and sad.
Winners are accountable, and they honor their commitments. Only set up Joint Venture with winners who have a proven track record, and when they start to play these word games, break away from them fast.
My Criteria – I Only Work with DollarMakers.
I received an e-mail from a character who wanted to Joint Venture with me. I told him my criteria to enter any Joint Venture: “You have to be a Member of DollarMakers, we have to build a relationship, and then I will decide whether or not I want to JV with you.”
He was upset, and said this was win / lose. He has the choice – accept my criteria or don’t accept them – this has nothing to do with win / lose.
Win /win requires that you only work with winners. Look at peoples’ track records and do your due diligence, and test them in small ways, before setting up JV’s with them.