Make your joint venture deals immune from unethical partners who want to scam you out of money

If you’re actively working on a lot of joint venture deals, or planning to do joint ventures in the future, then it’s only a matter of time before someone tries to scam you out of your money one way or another.

That doesn’t mean you shouldn’t do joint ventures, but the fact is if you do enough, with enough different people, it’s just a matter of time. Especially when it comes to a lot of money and people start to act differently.

And if you think people aren’t going to act any different when it comes to big money, you’re kidding yourself. Happens all the time. Even for people most of us would think are immune to such forces.

But, there is a way to almost completely avoid being scammed by a joint venture partner that is actually quite simple. So simple hardly anyone I know does this and yet it will help you sleep like a baby at night knowing you have your bases covered.

What you do is get the people you do joint ventures with into the habit of going through their books with them at least once a month.

And… you want to start doing it up front, before you sign any agreements or contracts.

That way, if they have that expectation of knowing that you’re going to review the books with them every month, the chances of them trying to “cook the books” are greatly reduced.

In fact, in order to fool him, you’re going to have to get really creative with the books, and it’s most likely not worth the time, effort, and risk.