The Money Podcast How to Raise Money From Joint Venture Partners
Are you looking for a joint venture partner but don’t know where to start? Join Rob as he delivers his 7 step tried and tested model for raising finance and finding JV partners. Rob discusses where you need to go in order to network and meet possible JV partners, why it is imperative that you always believe in yourself and the difference between fair and unfair exchange.
KEY TAKEAWAYS
- The better the deal, the more likely it is that the money will find its way to you. You need to go to the places where the money is. You have to go where the money is and go to the high end venues. This step is a continual thing,
- Connect with people and get their contact information. A big mistake people often make is by pitching people straight away, that is a mistake (unless it is a pitch environment). The goal is always to connect with someone because you want to build a relationship with someone outside of the environment that you met them.
- If you don’t believe in yourself why should anyone else? There are two ways to get belief in yourself: Experience and your self belief. Even though you may have some reservations about things going wrong, always know that if this happens, you will do your best to fix it. As long as you know that about yourself, you can go in and get a deal done.
- Fair exchange is the balance between fair service and fair profit, it is the balance between the fair division of roles and responsibility, If you charge too much and deliver too little that is unfair exchange. If you have ever felt that people have been taking too much from you for what you are being paid, that is an unfair exchange and the way to get rid of that emotion is to charge more.
- The way you should always try and get to the discussion about money and potential deals is to get them to make the first move. It may be a little bit of ‘financial flirting’ by trying to talk about potential deals you have lined up. Try your best not to go in and instantly talk about business, try to make them come to you. Usually you can gently move the conversation towards property and business in order for them to make a move.
BEST MOMENTS
“Nobody wants to be pitched to at a golf club or a flying club, that is where you meet them.”
“Whatever you think he saw in me, you have in you.”
“The biggest barrier is believing you can do it.”
VALUABLE RESOURCES
bit.ly/Robsupporter
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979