Related BusinessesA successful JV partnership is between two related, but different, businesses nike heels. The first guideline is to ensure you are catering to a similar customer base.

For example, a florist who specializes in arrangements for weddings will be looking at the same customer profile as a photographer or caterer who also serves the wedding crowd jordan shoes.By the same token, if your businesses are too similar, you will find yourselves in a competitive, rather than a symbiotic, relationship.

If you are a photographer, you don't want to approach another photography studio for a JV proposal jordan 11.Equal BenefitsEqual benefits do not necessarily translate to equally yoked businesses.

In fact, you are better off looking for a JV partner who is larger and more established so you can take advantage of his expanded customer base foamposites for sale. So what's in it for the larger business Probably a significant portion of your profits, at least at the beginning of the venture.

While the benefits may vary between the two JV partners, it is important that both businesses see similar value in the arrangement. A joint venture is much more likely to be successful over the long haul if both businesses are satisfied with what they are getting from the partnership.Clear TermsLike any business agreement, it is important that a JV partnership includes clear terms that both business owners understand. Whether you are managing link exchanges, pay-per-clicks or profit sharing, both businesses need to be solid on their expectations and benefits of the arrangement. This is particularly true if money will be changing hands between businesses. Clear terms keep both partners happy and prevent misunderstandings that could threaten to dissolve the partnership.Written ContractWhile clear terms are good going into a JV partnership, they are not sufficient in protecting the interests of each business owner. The terms must be spelled out in writing, with both partners signing the agreement before the partnership officially takes effect. You can create your own JV contract by using a template you can find on the Internet. If you prefer, an attorney can also draw up a contract that is appropriate for both businesses.It is important to include the benefits of both companies, particularly if money is involved.