EwBJOINTVENTUREDEFINITIONTIPS（一）.pdfVIP

EwB JOINT VENTURE DEFINITION TIPS Entrepreneurship is about activity, initiative, open-mindedness and a willingness to take things one step further. These characteristics are important tools in this programme. One of the biggest challenges is to find a partner on the EwB-portal. It pays of to use much time for this as a good partner not only ensures that you succeed in the programme but also that your company may be earning additional revenue. Key success factors of an EwB partnership: • documented and proven added value of the EwB partnership to the individual mini-company operations of each partner • the partnership recognized by JA-YE Europe and its partners (EU, Accenture, ...) • the partnership recognized by the local JA-YE organisation • the partnership recognized by your school and at the place you live in Remember to find out things before you start to work. It is easier to sort out things in advance than in arrears! Also make sure that everything you agreed with your partner is written on paper and signed, i.e. that things that you jointly agreed are recorded. BUSINESS MODELS EwB contains various business models of which you can choose the model that suits your company best. Joint Venture Partnership (JVP) In business, a JVP is a partnership formed by two or more companies wanting to undertake economic activity together. The parties make formal agreements about particular cooperation projects rather than formalizing the partnership by creating a new entity. Within EwB, a JVP is a partnership formed by two companies operating in different countries, with operations complementing each other, sharing the control of the joint projects, but each company controlling its own revenues and expenses. Joint Venture Company (JVC) Similar to the JVP, a Joint Venture Company is a partnership formed by two or mo