Profitable Partnerships: Using Joint Ventures to fuel your business success with Ace Chapman [Ep.137]

<p><span style="font-weight: 400;">Entrepreneurship can be a lonely journey. Many business owners feel like it's them against the world, and that they alone should have all the answers.</span></p> <p><span style="font-weight: 400;">But as the saying goes, “many hands make light work”, and partnerships are often an overlooked secret to success when it comes to growing your business.</span> <span style="font-weight: 400;"><br /></span><span style= "font-weight: 400;"><br /></span><span style="font-weight: 400;">As promised Ace Chapman is back, and this time he joins us to discuss the many benefits of joint ventures. </span><span style= "font-weight: 400;">According to Ace,</span></p> <blockquote> <p><em><span style="font-weight: 400;">“Everything you want for your business, somebody else already has. They've got customers that you want, they have talent that you want, they have the technology, the income, whatever that thing is. </span></em></p> <p><em><span style="font-weight: 400;">By structuring partnerships with those people or buying their business from them, you can gain access to the things you want without having to create them from scratch yourself.” </span></em><span style= "font-weight: 400;"> </span></p> </blockquote> <p><span style="font-weight: 400;">Ace shares how he has used joint ventures to reduce costs in his businesses. He explains how to identify and build relationships with valuable investors and partners, and how to establish trust when negotiating a partnership.</span> <span style="font-weight: 400;"><br /> </span><span style="font-weight: 400;"><br /></span><span style= "font-weight: 400;">We discuss how strategic alliances can help business owners buy and own important resources like traffic sources and audience data, instead of simply “renting” them from a third party. </span></p> <p><span style="font-weight: 400;">Ace also gives us a behind-the-scenes look at what he has been up to in the private equity space and his goal of “investing like the wealthy.”</span></p> <p><span style="font-w