This post is part of the “Joint Venture” series:
More to come!
Yep, I did get a good grade on my oratorical speech ;-) Now let’s go deeper to the topic…
So yeah, friendship makes a business. What does that mean? What could friendship do with your business?
First, let’s put business aside at the moment – what do friends do? Share secrets, help each other, give you encouragements and maybe… just have fun!
On the business side of it, you can share tactics, exchange tricks, mentor each other, but the greatest of em’ all – leveraging each others resources. Whaaa? How?
Remember Col. Sanders? Yep, the KFC guy. When an interstate highway was built to bypass Corbin, where his old restaurant “Sander’s Court & Cafe” lies, Sander’s sold the station and on the same day, he received his first social security check of $105. Using that money, he paid all his debts leaving nothing behind for him – in other words broke.
What Col. Sanders now have is his secret recipe. But guess what? Col. Sanders used the highest paid skill in the world – he got on the road and looked for a “friend” who can help him sell his chicken recipe. After receiving 2000 no’s a guy took his offer an yep – Kentucky Friend Chicken was born.
This is what they call, JV or join venture partnerships. Aside from what Col. Sanders did, there are tons of ways of doin’ JV’s. What are they? Watch out for my next post ;-)