Business and Life

Joint ventures are paying off big for America's fastest growing companies. 32 percent of fast growth companies are involved in joint ventures - enterprises or projects jointly owned and operated with one or more partners, for mutual benefit. 

Joint ventures enable these fast growing companies to tap into specialized skills and expertise they often can't attract, or afford on their own," What do fast growth CEOs get in return for their investment?  They attribute 12.0 percent of current business growth to joint ventures, and this is expected to more than double over the next two to three years, to 25.5 percent according to Pricewaterhouse Cooper.  For service businesses, JVs are expected to contribute 29.5 percent of growth; for product sector businesses, 20.7 percent of growth and, despite some CEO's still using old competition marketing, those CEO's involved in JVs continue to grow faster.

According to PriceWaterhouse Cooper CEOs say they are achieving a wide range of significant business benefits from their JV partnerships:

• Ability to increase profit margins 64 percent
• New product development 47 percent
• Marketing or distribution expertise 46 percent
• Revenue growth 71 percent
• Sharing economic risk 52 percent

The benefits to forming and learning about joint ventures are limitless. How they help you grow your business quickly can not be ignored. You can benefit from learn how to use and do a joint venture in many ways. But the most important thing that you can know is that, joint venture are the future of business.

Competition marketing is dying and cooperative marketing is here now and will be for a long time, well into the future. Businesses are learning to work together and become united in their endeavors to bring about a common good. This is the innovation of the global business climate. If you are looking to grow your business in the future, you must become a joint venture expert and belong to a community of joint venture entrepreneurs.

There is only one company that I have found that is helping entrepreneurs, CEO's small business owner and fortune 500 companies create joint venture alliances and that is the Private Joint Venture Club.

This is the future of business now. Don't be intimidated by the word joint venture, go learn how they can help your business grow quickly and keep your business safe through all economic weather. Go build a rolodex full of joint venture alliances and build your entrepreneurial dream.

Vickie Jimenez is the Author of "Champagne Thoughts and Caviar Power the Science of Results Oriented Thinking." She is personal and business development expert with a joint venture background and 20 years in the industry. She is an international speaker and trainer. Vickie's Mission is to educate and inspire people to achieve maximum results by empowering them with a strong state of self command. To learn more Visit http://successsystemsnow.com or visit http://privatejvclub.info

Article Source: ArticlesBase.com - Joint Ventures are here to Stay, If You Want to Win, You Must Learn to Use Them