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The joint venture would usually present the opportunity for leveraging the resources of others to help benefit all partied engaged in the joint venture. These benefits may include huge percentages of new clients, sudden increase in interests in the programs and sales and profits reaching higher possibilities.
All this usually comes with relatively no cost at all, simply due to the nature of the partnership which in for all purposes and gains a joint one. It also has the advantage of speed, when it comes to getting other value added exercises, such as using material created by the other party to add value to the existing coaching program, using supporting material that is currently part of the other party’s coaching package, being able to access the other party’s customer base and any other value added benefits that the joint venture would create.
However being able to attract and form a good working relationship within the joint venture exercise could prove to be a tricky one. Both parties would have to agree on the basic outlines for the new venture, and this would have to include the use of all the materials available and how they are to be presented.
To some extent a certain level of uniformity would have to be designed to reflect the joint venture’s features. Therefore, careful consideration should be given to the parties who would like to be part of the joint venture, as they would ideally all have to have the same of similar coaching designs to follow.
For those who are able to see the bigger picture, when it comes to forming a joint venture, the advantages and the revenue gained is usually phenomenally profitable.
- File Size:1,413 KB
- License: Giveaway Rights
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