Feb 23

How the Dog Whisperer Can Help Your Joint Venture Relationship

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Forming a joint venture can be wildly successful, and it can also become a headache. Joint venture partners come in all shapes and sizes. And though most entrepreneurs and business owners are professional in their conduct, many are still difficult to deal with, and personality conflicts can arise. So what can you do to help assure a sound relationship with your JV partner?

Take heed of advice from Cesar Millan, also known as the “Dog Whisperer”. Cesar has become the leading expert in dog psychology and dog rehabilitation. Although his strategies are aimed at canine “pack” instincts, his psychology can work well for joint venture partners as well. Here are some examples:

Calm-Assertive Energy

Cesar advocates that all dog owners display calm-assertive energy. An owner should show a dog that he or she is the pack leader using compassionate and calm methods. Yelling, nervousness, and anxiety are not good qualities of a good calm-assertive leader.

This tip doesn’t mean you have to set yourself apart from your JV partner as the “pack leader”.  Nor does it mean one of you must become the “calm-submissive” type that will obey the commands of the leader.

How this can benefit you and your JV partner is that you both display assertive behavior without becoming emotional. Energy is calm, and both are in control of all communications and tasks.

Set Rules, Boundaries, and Limitations

Cesar teaches that dogs must have rules, boundaries, and limitations to know how to respond to different situations. Your JV is just the same. Both you and your JV partner must set rules, boundaries, and limitations so you both are clear on your roles and responsibilities.

For instance, can you contact your JV partner any time of day? Do you have permission to access your JV partner’s facilities? And likewise, does your JV partner have permission to utilize your equipment? All this and more need to be pre-determined before the JV goes into effect. Your rules, boundaries, and limitations will help you and your JV partner know exactly what to expect from each other.

Clarify “Issues”

An unstable dog is unclear about its role. This causes anxiety, aggression and fear. Cesar Millan teaches that a dog must trust his owner to be a pack leader and know its role in the pack.

Likewise, you and your JV partner must know your roles. Who will perform the marketing? Who will keep the books? Who’s in charge of production? Clarify all these types of issues and you will have a more successful JV “pack”.

Achieve Balance

Ultimately, you want to achieve balance with your JV. Much like Cesar advocates for dog owners, balance creates a harmonic, productive, and happy life. Set and know your limitations and boundaries. Set up roles for you and your JV partner. Let Cesar Millan’s experience with canine psychology teach you similar lessons in JV psychology. All elements should be balanced so both parties are happy with the effort, as well as the outcome.

Christian Fea is CEO of Synertegic, Inc. A Joint Venture Marketing firm. He exemplifies how to profit from Joint Venture relationships by creating profit centers with minimal risk and maximum profitability.

To discover more Joint Venture Marketing Strategies join his free Joint Venture Marketing Wealth Report.

Dec 21

How a Joint Venture is Turning Texas Green

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Energy production is expensive, and a heavy investment is required to build the plants necessary to turn fossil fuels into energy, such as coal plants. It is also expensive to manufacture plants that turn natural resources into energy, such as river dams and wind generators. However, thanks to the help of a recent joint venture of both U.S. and China companies, the largest wind farm in America will be developed in West Texas.

The Joint Venture Partners

A-Power Generating Systems Ltd. is a China-based company that specializes in distributed power generation, and it owns China’s largest wind turbine manufacturing facility. They have teamed up with the U.S. Renewable Energy Group and Texas wind power developer, Cielo Wind Power, to form a joint venture in West Texas. This JV will entail a wind farm project covering 36,000 acres of land and will generate approximately 600 MW of electricity per year.

Why Texas?

In a state that was made from the discovery and drilling of crude oil, clean wind will now be one of its largest energy output. Why did they choose Texas? It turns out that the largest state in the contiguous U.S. has enough sustainable wind in parts of West Texas to build the wind farms. Except unlike oil, the resource never runs out.

These choice conditions were ripe for China’s largest wind turbine manufacturer to bring their technology, expertise, and money to the U.S. The JV will largely be financed by China banks, but will also be financed in part by loan guarantees and grants from the U.S. government. The total cost for constructing the wind farm is expected to be $1.5 billion.

The result of this JV will be the largest wind farm in the country – and possibly the world with the size of wind generators used. The final count will be 240 wind-generating units, each capable of about 2.5 MW per year, which is the largest power output for any wind generator. Previous wind generator models typically produced an average of 1.6 MW. The total estimated power generation would be 600 MW per year.

Joint Ventures: Turning the World Green

This is an exciting time not just for Texas, but also for the world. With quickly depleting natural resources, the entire world needs to eventually switch its dependency of power consumption to renewable sources. With the superior wind generator technology coming out of China combined with the expertise and cost-efficiency of Cielo Wind Power, the new farm will be a litmus test for future wind farms with larger wind generators.

This is a big example of how technology meets expertise and availability to produce a winning product. Although your JV may not be a $1.5 billion project, you can still network and look for a viable JV partner who has the technology to meet your resources, or vice versa. Think big. Don’t be afraid to ask to join the ranks of major players. Make innovation a goal. And remember that the product of synergy between a winning JV is more than the sum of its parts.

Christian Fea is CEO of Synertegic, Inc. A Joint Venture Marketing firm. He exemplifies how to profit from Joint Venture relationships by creating profit centers with minimal risk and maximum profitability.

To discover more Joint Venture Marketing Strategies join his free Joint Venture Marketing Wealth Report.

Dec 06

Twitter Weekly Updates for 2009-12-06

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Oct 20

Accounting for Your Joint Venture

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You have spent much of your precious time researching potential joint venture partners, making proposals, and finally making a JV agreement that excites both you and your new JV partner. However, once your new business process begins, you and your partner need to agree to an accurate bookkeeping process that one or both of you will need to attend.

Accounting for joint ventures is just the same as for any other business. Revenues and expenses must be accounted for, and statements must be prepared to help in making future business decisions for the JV. The only difference is the process. However, it’s important to provide each partner with a complete reporting of all JV related accounting transactions.

Separate Joint Accounting System

The business model you choose for your JV may predetermine your accounting process. If you and your JV partner have agreed to form a separate entity such as a corporation, LLC, or Limited Partnership, you will need to create a separate bookkeeping system for that entity. This is important not only for profit sharing purposes, but for government reporting for tax purposes as well.

Separate Ledger Account

In many cases, a simple joint venture is created between two business owners and the accounting system can be assimilated into one or both owners’ existing systems. For instance, if your JV is the type that simply cross promotes each others’ business, or sells a package deal of both your products, you can simply keep track of the income and expenses related to the JV in your own accounting system, and share the results with your JV partner at the end of each month.

To do this, you can create two separate temporary accrual ledger accounts called “Joint Venture With X Income” and “Joint Venture With X Expenses”. Within these ledger accounts, you can record all purchases you make on behalf of the joint venture, and record the income you receive from related sales.

At the end of each month or fiscal quarter, you can make adjusting entries to close these accounts. For instance, if you have agreed to split profits 50/50, simply make two closing entries in the “Income” account, one with half the amount going out in a cash transaction to your JV partner, and the other half going to your own sales ledger account. Expenses can be closed the same way.

What Type of Accounting System?

Most businesses use an automated accounting system via computer software. Popular software packages such as Peachtree or QuickBooks offer easy accounting processes and user-friendly ways to create new accounts and even new entities for complete and separate JV bookkeeping.

You could also use a spreadsheet application such as the popular MS Excel to keep track of expenses and revenues. A spreadsheet will allow you to easily make charts and graphs.

However, don’t forget about the age-old handwritten ledger book. If your joint venture is a simple cross-promotional type of agreement, the way to keep track of bookkeeping may be to simply make manual entries in a ledger book. This method has worked for thousands of years and you can make it work for you too.

Accounting is important for the financial reporting of a JV business. Keep in mind accounting methods when you form your joint venture entity, and make sure you have a way to keep each JV partner fully informed of all financial transactions.

Christian Fea is CEO of Synertegic, Inc. A Joint Venture Marketing firm. He exemplifies how to profit from Joint Venture relationships by creating profit centers with minimal risk and maximum profitability.

To discover more Joint Venture Marketing Strategies join his free Joint Venture Marketing Wealth Report.

Oct 19

5 TOP Places Your Guaranteed To Find Joint Venture Partners Filed Under (Affiliate Marketing) by Gary Gross on 19-10-2009

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Image via WikipediaJoint Ventures are one of the MOST powerful forms of leverage and are the quickest way to get your online business infront of your target audience and in profit by simply using others peoples web assets(ex. Opt-In Lists, High Traffic Website, etc.) for a cut of the $Profits$.And the great thing about Joint Ventures is it doesn’t matter what niche your targeting because the web has an abundance of willing Joint Venture Partners waiting to be found and hit with a JV offer.The on
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