Most people who want to start a joint venture forget to prepare themselves for it. This is a common scenario among entrepreneurs who are very eager to have a joint venture enterprise started. These joint venture guidelines are aimed at helping aspiring entrepreneurs get a good start on their alliances.

When planning to initiate a joint venture, it is best to practice what you intend to say to prospective partners. The reason why some entrepreneurs are awkward and get turned down is that they do not rehearse their unique sales proposition. Practice helps you eliminate the awkward moments in your offers and makes you more confident and convincing when you speak to the potential partner.

If you plan to present your joint venture idea during meetings, you could set up a mock meeting and practice how you are going to speak and act. If you intend to do your offer on the phone, you can use a phone with a recorder and conduct a role play of what you are going to say. Once done, you can play back your talk, judge it, and improve accordingly.

Once you've closed a joint venture on the phone or during a conversation, always follow it up with an email summarizing the things that had been agreed upon during the initial talk. This will help clarify the expectations and roles both businesses are expected to have. Guidelines like these avoid wrong assumptions and miscommunications. When you send out the email, follow it up with a call or another email, asking if the other party agrees with the situation or not. Clarify things as much as possible in order to maintain a steady, fruitful relationship.

Joint venture success is based upon the quantity and quality of the network you grow. This network can be your consumer base or it can also be your affiliate base. Expand your association through calls, emails, office visits, chats and social networking sites - use any form of communication available. You should be aware of generating joint venture leads on a daily basis.

Once you've got a confirmation from those leads, plan out another follow up activity alongside lead generation. Often you get so overwhelmed by generating leads that you forget those that have already signed on. Make sure that by the end of the day, you get to make at least 5 calls to new people and another set of 5 calls to people whom you've previously talked to and who have agreed to have a business alliance with you.

Always end your calls with delegation of tasks so plans are enacted. Once you call again, check up on those tasks and by the end of the conversation, confirm expectations. Keep this cycle going to keep your partnership productive.

By following these joint venture guidelines, you will have a great start in this business growth approach.