A joint venture is the alliance between two complementary and different businesses on their way to success.
If you have something to offer the other business, you can get lots of free and valuable advertising, which is something you don't find easily.
Consider this experience: Mary's husband is a painter.
He painted the walls of a coffee shop that was opening near their home and in the process, both Mary and her husband became friends with the owners.
Mary owns a small wholesale jewelry business, and a few months after the coffee shop opened, Christmas was around the corner, and she wanted to make a special jewelry event at a nice place.
Mary asked the owners if she could borrow a space at the coffee shop for her party.
She was inviting about fifty customers who wanted to buy jewelry and would love to enjoy their menu while they looked at the jewelry pieces.
Mary would get a cozy space at a great location.
Of course, they accepted the offer.
The shop owners didn't accept Mary's offer to pay them a percentage of her earnings, and still, they all worked together to impress the attendees, who were pampered like kings and queens.
It was a huge success.
Imagine the future opportunities these two businesses will have when working together.
Generosity is a great part of a joint venture's success.
You must give in order to receive.
The more you give, the better your opportunity to earn big.
For a small business, sales can come from many different sources and places, thus, do all you can to help.
Respect and care are also basic ingredients for a profitable joint venture.
You should love their business and they should love yours.
In the beginning, be careful with what you ask for, do not demand too much.
Keep things simple and very organized so as to not complicate your partner's life.
Present them with ideas for the setup you will be using and respect their opinions.
Of course, they should be adding ideas too; this is not a one-way deal, and remember, it IS a deal, so, establish all the terms clearly and offer a simple contract to respect the agreement.
A joint venture, besides a profitable option, can also be a very rich personal experience for both parties.
You can earn a valuable friend for life, and the knowledge you will gain from seeing others run a successful business is invaluable.
If you liked this article about to buy jewelry, tell all your friends about it.
They'll thank you for it.
If you have a blog or website, you can link to it or even post it to your own site (don't forget to mention paradisojewelry.
com as the original source).