Joint Venture Marketing: What And Why

Written by Catherine Franz


What is a Joint Venture? A joint venture is an agreement in which two or more businesses work on a project for a set period of time. It is usually with a specific project or a goal in mind. Joint ventures can be long-term, like promoting a product together, or some can be short-term, like bartering or trading products and services. Ideas on how to joint venture ideas are boundless.

Why do you want to start Joint Venture Marketing? Here are 51 reasons why you would want to start joint venturing immediately if you haven't already done so and ideas on how you can use joint venture in your business and with other businesses. Yet, one ofrepparttar very best reasons you will want to joint venture is to create a richer, more valuable, products and services that you couldn't provide on your own.

With joint venture marketing you can...

1. Build long lasting business relationships.

2. Increase your credibility by teaming up with other reputable, branded businesses.

3. Receive free products and services.

4. Construct most joint venture deals with little or no money.

5. Gain new leads and customers.

6. Get discounts on products and services.

7. Save money on business operating costs.

8. Beat your competition.

9. Gain referrals from other businesses.

10. Solve your business problems.

11. Save valuable time.

12. Get free and low cost advertising.

13. Offer your customers new products and services.

14. Survive a depression, recession or a slow economy.

15. Save money by sharing advertising and marketing costs.

16. Target other potential markets.

17. Expand and grow your business quickly.

18. Gain valuable information or skills.

19. Increase and protect your cash flow.

20. Find new profit outlets (ways to distribute your information).

The Basics of Business Record Keeping

Written by Kate Smalley


As a business owner, you may rely on an outside accountant to do your taxes and prepare financial statements. However, it's best that you or someone in your organization take onrepparttar responsibility of keeping an accurate set of financial records.

Keeping good records yourself, no matter how unpleasant it may seem, will minimizerepparttar 103228 costs of paying an accountant and allow you more control of your financial information and operations. Maintaining good records can also help you avoid headaches at tax time by keeping track of your receipts and other records throughoutrepparttar 103229 year. This can help you rememberrepparttar 103230 various transactions you made duringrepparttar 103231 year so you can properly document and maximize your tax deductions.

Normally, tax records should be kept for three years, but some documents - records relating to a home purchase or sale, stock transactions, IRA and business or rental property - should be kept longer.

Good record keeping not only enablesrepparttar 103232 IRS to evaluate your business activity through original and supporting documents, but it also gives yourepparttar 103233 information you need to properly manage and grow your business.

You can keep track of your business transactions by writing them down, usually in books such as journals or ledgers or by typing them into a computer software program. It's best to choose a system that's simple, yet can be changed to meet your needs inrepparttar 103234 future. An accounting system should show your income and expenses and can be easily understood, especially by you. If you have more than one business, it's best to keep completely separate books for each type of business activity.

The two basic types of bookkeeping methods are single entry and double-entry systems. Whether you choose to keep a written ledger or use computer software, record onlyrepparttar 103235 information that needs to be documented.

Single-Entry Bookkeeping Single-entry bookkeeping uses a cash receipts journal, a cash disbursements journal and alsorepparttar 103236 use of a checkbook. All business transactions are recorded in one of these journals. It is a practical bookkeeping system for small businesses that are just starting.

The cash receipts journal should contain a record of allrepparttar 103237 money that you receive. It should contain a column for items such as date, amount, and source of payment,repparttar 103238 reason forrepparttar 103239 payment or anything that is of importance to your bookkeeping and of relevance.

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