How to choose the best joint venture partner for your business

Consider for a moment an all too familiar scenario, someone has made their pitch on Dragons’ Den; and the Dragons like the idea.

One of them – or maybe more – makes an offer.

Suddenly the pitcher, who moments earlier had been desperate to gain funding, is very cautious. They walk away, take a moment to think, and then come back to say ‘thanks but no thanks’.

Why?

Because £50,000, say, for 49% of their business, they now think, means ‘giving away’ too much of their business.

That business, at this stage, often is not actually a business at all, but it has huge potential that has just been lost to the world.

Shouting at the TV

At this point, Paul Mizen the managing Director of the Recruit Venture Group – the company behind over 42 successful joint ventures – finds himself shouting at the TV.

“I find it incredible that people think owning 51% of what has the potential to be a multi-million pound successful business is better than owning 100% of a business that’s worth nothing!”

“A good business partner brings more than just money, if you ask any of our joint venture partners I know they will tell you that The Recruit Venture Group certainly does.”

“Why do people get nervous about joint ventures? Probably because they think they’ll lose out on autonomy. Which you won’t – with the right joint venture partner.”

The Recruit Venture Group are the largest joint venture partner of their kind in the UK and give experienced recruiters the chance to work with the team responsible for 43 successful joint venture companies and a team of directors with decades of experience.

So let’s assume that you’re an experienced recruiter.

You know the business. You also know that your career path is probably reaching its zenith.

With experience under your belt, and some time spent running your own desk or team, there are not too many rungs left on the ladder for you to climb.

You also know, that you have had enough of doing all the work for someone else.

You want to be making money for you, your future not the shareholders of your employer.

That desire, to be in control of your own destiny isn’t going to go away any time soon and you need to do something about it.

It is time to go your own way

“But don’t constrain yourself to being a one man band,” adds Paul Mizen.”

“Together we will be able to build a bigger and better business quicker than you could on your own and our support will give you the best possible chance of success.”

“You will have better prospects as a joint venture and our offer is completely risk-free, there is no financial outlay from you, yet it is your business. You are the boss!”

“You get access to more support and more experience with us than any other route and there has never been a better time to break out with the Recruit Venture Group.”