New York, NY -- (SBWIRE) -- 01/09/2017 -- One of the primary reasons that entrepreneurs start their own is because they want to do things on their own. But that's not always possible, or profitable. At some point, most entrepreneurs and small business owners find that it's necessary to expand their horizons in order to grow their business and increase profits.
"Simply stated, strategic partnerships are the path to profits," says Dr. Teresa R. Martin, Esq., founder of Enjoy Your Legacy and Real Estate Investors Association NYC (REIA NYC).
Dr. Martin, an entrepreneur and seasoned real estate investor, explains the importance of strategic partnerships in her latest blog article, How to Grow Your Business with Joint Ventures.
One of the fundamental ways to identify potential partnerships is through relationship building and networking, Dr. Martin says. For example, building relationships with vendors can result in many money-saving and timesaving possibilities that can lead to more profits. Networking events are an excellent opportunity to discover potential collaborators.
Dr. Martin's REIA NYC Mastermind & Training Membership Program offers both relationship building and networking opportunities for investors and real estate professionals. Membership includes relationships and benefits with vendors common to real estate and information about substantial networking events, such the Annual Real Estate Cruise.
Growth can come quickly with a new business, and while rapid growth is good, it can also present some challenges. The REIA Wealth Academy has many resources available to help scale a business such as forecasting the future of a business, accounting and payroll, financial projections, building a team, and creating strategic partnerships.
Partnerships don't have to be strictly for financial benefit. They can also incorporate causes or organizations that fit a passion, Dr. Martin says.
REIA NYC's passion is to improve the financial capabilities of citizens in their communities. The organization recently partnered with National Financial Educators Council to develop private labeled Financial Literacy curriculum that teaches money management skills. The financial literacy coursework and the organization's mission to improve financial literacy form a partnership known as the REIA NYC Financial Literacy Project.
To learn more about how joint ventures and strategic partnerships can be a win-win for all parties, read the full blog article at enjoyyourlegacy.com/how-to-grow-your-business-with-joint-ventures/.
About Dr. Martin
Dr. Martin created her own law firm, the Law Offices of Teresa R. Martin, P.C., where she has honed her skills in areas of bankruptcy and real estate. She also specializes in residential and commercial real estate transactions, credit restoration and foreclosure defense litigation services. As an experienced real estate investor with a focus on creative acquisition strategies, she has implemented and taught strategies to others through REIA NYC.
Find out more about Dr. Martin, Enjoy Your Legacy and REIA NYC at www.enjoyyourlegacy.com.