Shimon Rudich, who is himself a property investor and a very experienced solicitor, explains how to use joint venture partners to accelerate your growth. Shimon covers, identifying what skills and assets your business needs and finding the right partner to fill those gaps, enabling both of you to make more money, faster.
KEY TAKEAWAYS
- Don’t skip any of the checks Shimon Rudich shares when setting up a joint venture deal. Due diligence is essential.
- Only use the joint venture approach when you can achieve more than you would if you went it alone.
- Some people are not cut out for the joint venture approach.
- There are many different types of joint venture. It could be exchanging labour, money, expertise or something else for a cut of the profits.
- Understand which of the money making skills and assets you are lacking in, and then find partners to fill those gaps.
- You have to get on well with your joint venture partner.
- Never joint venture with someone who is not honest.
BEST MOMENTS
‘If you don’t do your due diligence and then you lose your money you have only yourself to blame. ’
‘You joint venture when two plus two makes five.’
‘You must know exactly what you're seeking and what you're offering.’
VALUABLE RESOURCES
Discovery Day Sign Up Page - https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676
The Serviced Accommodation Property Podcast- https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2
https://propertysoldier.co.uk/
Serviced Accommodation Success by Kevin Poneskis
Rich Dad, Poor Dad by Robert T Kiyosaki
GUEST RESOURCES
https://www.facebook.com/shimon.rudich/
shimon@ms-law.co.uk
ABOUT THE HOST
Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.
Kevin was in the British Army serving 24 years, mostly in a Commando unit and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years.
CONTACT METHOD
https://en-gb.facebook.com/propertysoldier/
kevin@propertysoldier.co.uk
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