Storage Wins EP167: Build Up Your Business Through Joint Ventures
Not everyone wants to build a big company and deal with some of the extra risks, and stresses, of a growing company. There are many people in Alex's network who are perfectly content handling a small part of the pie and giving the rest over to someone else. There are also a wide variety ways you can structure a joint venture based on the strengths you have, so don't limit yourself!
Key Takeaways:
- Don't want to build a team? Joint ventures may be for you instead!
- What are some of Alex's strengths? What is he good at doing?
- There are so many different ways you can structure a joint venture. Don't limit yourself.
- Look at people in your market as people you can collaborate with.
- Ask yourself, what are you good at and, more importantly, what do you enjoy doing?
- You gotta get off your smartphone and start shaking hands in real life.
- By leveraging your network, you are creating another income source.
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Tweetables:
"Is there anything that I'm already doing within my business that I can offer to others for a percent of the deal?"
"Some people don't even do their own deals. They just connect their buyers to other people's deals."
"Don't look at others in your market as competition. They're collaboration partners and joint venture partners."
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