Nothing Ventured Slideshow by Pam Stellema from SalonSavy
A journey through
Why should you consider joint
Generally very successful (when
Quick way to grow your database
Comes with some trust already built in
What is a joint venture?
Strategic Alliance that benefits all parties
What can you expect to gain from
How does a JV work?
Research other local
Be prepared with a plan and
Spell out the benefits
Who should you JV with?
Things to consider first...
Businesses that have:
the right kind of clients (ones that will
want to do business with you)
high quality services or products
customers in your trading zone
A real eagerness to participate
Should you start a JV?
Do you want more client
Are you ready to take action?
Can you stay in control?
Nurturing the JV relationship
Start with clear, written
guidelines and expectations
Stay in touch regularly
Refine your JV partnership
Deliver what you expect to
What can go wrong?
No guarantee of success
Different values and
Loss of money, clients, time
To sum it all up...
Don’t rush into it – preparation is key
Know what you want to gain from it
Plan carefully and...
You will generally get back what you
If you choose the wrong JV Partner.
don’t linger– get out immediately to
reduce any negative impact on your
www.SalonSavy.com.auPam Stellema 13