I’m sure you guys are aware of the fact that I partner up with various online entrepreneurs that would like to work together on some joint venture. A lot of people approach me because they have ideas on joint venture projects and of course you guys also know I openly invite people to work with me. Now, I don’t mind if I have time but some of those joint ventures just don’t work out.

This is why I compiled a little list on why joint ventures do not work.

Lack of Commitment

I think there’s an old fashion saying that goes on the line of “successful people take action and initiative while others just sit there wishing and daydreaming for things to come.” Well, although we’re all daydreamers and we wish for things, that doesn’t go good with working on joint ventures.

When it comes down to it, when there is a lack of commitment, that just spells failure just shortly up the road. Because if one person slacks, that just brings everyone down with them.

Who wants someone to join up in a “joint venture” and expects the other person to do all the work? If there is a lack of commitment from both parties, or even just one person, then it’s just about over.

No Communication

If I was working by myself, then it’d be easy because I call the shots, I don’t have to discuss things with other people, etc. But since you’re in a joint venture project, everyone is essentially equal. So, you have to communicate so no one is butting heads, there’s no duplicate work being done, you guys are on the same page, you can fill in for someone if they have an emergency and so on.

I’ve worked with quite a few people in my short tenure of working online and one of the worst things is the lack of communication. Matter of fact, a few of my joint venture projects broke off because of this.

If you guys remember my ListLunatic site flipping team, well, one member didn’t have good communication and kind of dragged everyone else down so we were forced to cut the rope with him.

A Bunch of Hard Heads That Don’t Work Well With Others

If you are hardheaded and you think you are right all the time, or isn’t willing to listen to other people’s ideas and feel as though everything needs to be done exactly how you expect it to be done, well, that’s a joint venture just waiting to fall apart.

I’ve actually been pretty lucky because I’m probably the hard headed out of everybody. And honestly, I don’t think I’m that bad. I listen to everyone and I don’t get my way all the time. But if I’m 100 percent sure something will work, I will try to push that out there.

Wait, I hope people didn’t stop working with me because I’m the hard headed one! LOL!

No Plans

If you have no plans, no outline or anything like that, guess what? You probably don’t even have a joint venture at all either. Because you can always discuss working with someone but if you guys have nothing to work on or don’t have some sort of plan devised then the project is just going to be a go-with-the-flow type venture.

In my experience, those don’t work out well. And although you can definitely work through it, more often than not, someone is going to give up because of the bad results from all the work put into it with nothing much to show.

All of these are pretty much self-explanatory but I just wanted to point out from some of my past experiences that ended some of my joint venture projects. Matter of fact, there are some people who I just never heard from again even on numerous attempts to contact them.

Oh well. Maybe next time!