FAQs
About our unique solution
Q1: What is a joint venture hub?
Q2: Why is it innovative and new?
Q3: It sounds great, but how does DealMaker's risk mitigation work? Isn't being paid out of future revenue extremely risky?
Q4: At what stage are you at now? What hubs, ventures, jobs and income have you created?
Spare time & resource providers
Q5. INDIVIDUALS - How can you help me to...create myself a job or better job and/or sell my spare time for above-market rates?Q6. LANDLORDS - How can you help me to...fill my vacant or part filled commercial space?
Q7: EVERYONE - How can you help me to...rent surplus assets, production or service capacity?
Q8. CONTACT BASE OWNERS - How can you help me to...monetise my networking contacts, client or HR candidate database?
Q9. How do I get started?
Entrepreneurs & innovators
Q10. PROFIT - How can you help me to...make more money by helping customers and staff in a whole new way?Q11. FINANCE - How can you help me to...fund my business start up or growth with paid-out-of-future-revenue people and resources?
Q12. EQUITY GIVEAWAY - How can you help me to...minimise or eliminate equity giveaway?
Q13. REDUNDANCIES - How can you help me to...help individuals I am having to make redundant?
Q14. CSR - How can you help me to...align my CSR and commercial objectives?
Q15. LEAD THE MARKET - How can you help me to...become a market leader?
Q15. How do I get started?
About our unique solution
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Question 1: What is a joint venture hub?
A new and innovative (international patent pending) solution that helps maximise the
value of spare time and resource by using them to "fund"
business start up or expansion - complimenting traditional loans and investment.
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Question 2: Why is it innovative and new?
In the current economic climate - and even before the downturn - it was difficult to get finance for anything unproven:
+ Taking innovative product and service ideas to market.
+ Setting up - even a proven business - as an individual or team who had not done it before.
+ Expanding a existing business into new markets or sectors.
With money being very mobile (able to be transferred electronically around the world quickly and cheaply) and storable (in deposit accounts), more risky funding requirements would struggle to attract capital unless they offered huge returns on investment, had most major technical hurdles overcome and had achieved some positive test marketing results. Senake Atureliya, the founder of the company realised that using SPARE TIME AND UNDERUSED ASSETS to "FUND" these more risky INCOME GENERATION activities was WIN:WIN for ENTREPRENEURS, INNOVATORS, TIME and RESOURCE PROVIDERS.
Rather than losing their value, if harnessed, the spare time and resource could:
+ generate their providers income
+ help them create their own new jobs and client opportunities within the enterprises they had helped.
+ unlock the value of the many unfunded commercially viable ideas (for innovative as opposed to proven businesses and products)
So, even if the business fails or underperforms, there's little to lose and lots to gain...but that's not good enough for us.
We have created DealMaker Online - an online collaborative business planning and reward distribution tool - that is the cornerstone of a SAFER PLAN-TO-REPAYMENT INFRASTRUCTURE.
1. MORE EFFICIENT NETWORKING - our MatchMaker web pages enable individuals and businesses to list wants and offers - skills, assets, contact bases, finance etc. - along with prices and availability. You can then decide how you would like to capitalise on match - either by inviting users to meet at your networking events or by selling them credits so that they can get in touch directly.
2. COLLABORATIVE INCOME & JOB CREATION - our DealMaker online tool can be used to create a detail plan and share rewards. With the business run according to the collaboratively created plan (monitored by a generic low cost online ERP system) and payments centrally distributed (by a bank or payment processor), it suddenly becomes much safer for individuals and businesses to offer spare time and resources in return for payment out of future revenues - or unlocked finance.
Hubs will comprise of a powerful online element (provided by us) complimented by a community of users (provided and managed by you or your organisation). It will be possible for you as a hub operator at your discretion to set your hub software to share requirements and offers from your members with other selected hubs for mutual benefit - to maximise matches and income.
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Question 3: That sounds great, but how does DealMaker work? Isn't being paid out of future revenue extremely risky? Most businesses fail - what if the one I put time or resource into fails or underperforms? What if the management team makes poor decisions or withholds funds?
DealMaker works by reducing risk in four main ways:
+ UNFORSEEN business risk - by guiding the entrepreneur, management team and their chosen collaborators through a logical process of deriving the plan tasks and resources required to unlock revenues and other intangible benefits, they will uncover problems that they would not have foreseen using traditional business planning solutions. Many heads are better than one - especially where those heads belong to collaborators who will be second nature to the technical and commercial resource providers. This 'en masse' planning exercise further significantly reduces risk.
+ IDEA THEFT or disclosure risk - DealMaker is designed to allow information disclosure at several levels - public, NDA signee and trusted invitee. The MatchMaker web site page (click here to view) is also designed to enable the postential of a venture to be used to attract collaborators without letting them give away their ideas.
+ CONTROL & MISMANAGEMENT risk - once the DealMaker generated plan and supplier repayment propositions have been agreed, the detailed tasks and financial targets that were collaboratively created can be exported into a number of low cost online ERP (enterprise resource planning or accounting) systems to enable progress to be monitored against plan online. The template legal agreement also generated by the system will restrict the management of the business according to this plan.
+ WITHHELD PAYMENT risk - as DealMaker generates payment propositions which include monthly repayment schedules, these can be used to power the centralised distribution of revenues and/or unlocked finance. We can help with the set up of PayPal Mass Payments and advise on the set up of bank sweep accounts.
+ FAILURE OR UNDERPERFORMANCE RISK - DealMaker allows the definition of what we call a 'reverse royalty agreement'. This is equivalent to enabling underpaid suppliers the right to appoint multiple receivers on a permanent or stop-gap-get-back-on-track basis. It works by giving them the power to find other parties that can use the resources - brand, designs, IP and know-how created under licence - to generate revenues on the condition that the licence fees is used to repay all suppliers due money. This structure, collaboratively defined as part of the plan will only kick in at certain time/underperformance points and the percentage of revenues that need to be paid as a licence fee will also depend upon how far these are behind plan.
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Question 4: What hubs, ventures, jobs and income have you created?
The Joint Venture Hubs methodology and software solution has been developed and piloted over the last three years. Whilst this sounds like a lot of time, but believe us, for solving an age old chicken and egg problem, it's not. We have systematically worked through all of the bottlenecks and gaps in the current unproven business funding model, solved the issues and developed our solution to be as user fiendly as possible. With nearly two years of enhancements ready to roll out and international patents now filed in numerous countries all over the world, we believe that we can achieve global enterprise and job creation once our solution goes mainstream. So far, we have worked with partners to establish a number of hubs such as Oxford University Entrepreneur Club (existing) and others which will be launching soon. We have found paid-out-of-revenue resource (people, premises, marketing, web and iPhone app development) for a few ventures. These suppliers - according to schedule - have received some monies, but have not been fully repaid as yet.
Because of the need to maintain confidentiality to protect some of our client ventures and our suppliers normal paid basis margins, we cannot go into detail, but you can see some case studies on this web site.
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Spare time & resource providers
Question 5: INDIVIDUALS: How can you help me to...create myself a job or better job and/or sell my spare time for above-market rates?
Rather than competing with hundreds of other applicants for a small number of advertised positions, you can also use a joint venture hub to create yourself a job within a new or existing company by helping them to get to market.
By offering to fulfil product development /sales /other roles or a specific task on an INITIAL premium-rate-paid-out-of-future-revenue basis in your spare time. SUBSEQUENTLY, when revenues have ramped up sufficiently or a stage has been reached that allows the business to secure conventional loan or investment finance, you can move onto a regular paid basis. GETTING PAID is most important and the joint venture hub methodology creates a risk reduced plan-to-repayment solution that is much safer than traditional equity investment structures that purely rely on legal agreements.
You offer a few hours or days per month working alongside your current job or a block of time between jobs, but either way, one thing we do say is that you should only do this part time initially and take some other work to meet your immediate essential expenses.
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Question 6: LANDLORDS - How can you help me to...fill my vacant or part filled commercial space?
We have a number of entrepreneurs looking for space - ranging from hot desks through shops through to industrial units - on a part paid / part-paid-out-of revenue-basis. Effectively an evolution of the pop-up-shop schemes such as "Brixton Village" set up in 2009, our solution:
+ Puts you in the position of being able to sell your space as a going concern by setting it up with paid-out-of-revenue resource.
+ If you decide to work with our entrepreneurs, it helps you ensure that they have a much higher chance of becoming quality tenants.
+ Our agreements incorporate very short (1 week) notices to vacate if paying tenants are found.
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Question 7: EVERYONE - How can you help me to...rent surplus assets, production or service capacity?
In the same way as individuals will sell time at premium prices, you can do the same with any underused resource - equipment, production or service capacity, your client or HR candidate database.
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Question 8: CONTACT BASE OWNERS - How can you help me to...monetise my networking contacts, client or HR candidate database?
You can offer to work - with your network contacts or for staff / redundancy candidates or others on your HR database - on a revenue share basis to make money from their spare time and resources. We ourselves are currently offering a launch 40% affiliate revenue share for individuals that would like to use their contact, membership, client or HR databases to promote Joint Venture Hubs - just register as an entrepreneur, time or resource provider to receive an affiliate ID and link.
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Question 9: How do I get started? What does it cost?
Just click on the 'offer spare time' menu item and select 'list for free'. Once you have defined your skills and availability, we will email you with matching opportunities.
Pricing will be set by regional hubs, but registration should always be free. You will either then be invited to meet matched parties at networking events, wait to be contacted or buy credits to allow you to contact potential entrepreneurs and innovators.
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Entrepreneurs and Innovators
Question 10: How can a hub make me more money by helping customers and staff in a whole new way?
By helping your customers "fund" projects, generate additional income and create opportunities by referring them to a hub - or becoming one yourself, you can attract them, generate positive PR and steal a march on competitors not using our solution.
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Question 11: How can a hub fund my business start up or growth with paid-out-of-future-revenue people and resources?
As outlined above, our solution allows you to get product development, sales and other resources on an INITIAL PAID-OUT-OF-FUTURE-REVENUE basis providing that your proposition is attractive enough and you agree to create the right conditions to inspire them with the confidence that they will get paid.
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Question 12: How can a hub minimise or eliminate equity giveaway?
Opening up your requirement to everyone with spare time and resource - as opposed to a limited number of finance providers - significantly improves your negotiating position. Based on demand and supply, you may be able to negotiate that you get some or all of the resources that you need on a fixed-price-paid-out-of-future-revenue basis as opposed to am ongoing revenue share or equity basis. If your proposition is not as attractive as others or if the resource you need is in short supply, you may still have to pay for it, offer equity or revenue shares.
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Question 13: How can a hub help individuals I am having to make redundant?
You can propose to individuals that you are making redundant that you would act as a hub to form collaborative new ventures that could employ them. Without taking on any payment commitments, your company could then benefit if the created venture or expansion is successful.
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Question 14: How can a hub help align my CSR and commercial objectives?
Joint Venture Hubs allow you to help create enterprise and jobs whilst benefitting from the upside if things go well. If they go badly, your company will have expended nothing apart from spare staff time and the provision of access to usederused resources.
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Question 15: How can a hub my company to become a market leader
By offering spare resource - access to the market using your existing client base, spare production capacity or access to other underusd resources - on a fairer revenue share basis, you can attract market leading product or service ideas. Currently, only the top 3% of investor ready, high growth venture propositions get funded and many filed patents are never commercialised due to the lack of sales/development resource. Your company could attract and tap into the commercial potential of this innovation...or maybe just expand on a proven, but profitable business model.
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If you have already spoken to a representative, been approved for a hub and want to make payment, click HERE to go to the subscriptions and pricing page.
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