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Why joint venture could accelerate your business growth?


Because your business will share:

  • intellectual property,

  • assets,

  • knowledge,

  • expertise & skill sets,

  • technology advances to cut cost,

  • advertising & labour to cut cost,

  • profits.

What is a Joint Venture:

A joint venture (JV) is a strategic alliance where two or more parties, usually businesses, agree to form a partnership for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. A common use of JVs is to partner with a local business to enter a foreign market.​ A joint venture differs from a merger in the sense that there is no transfer of ownership in the deal. A joint venture (JV) is not a partnership. That term is reserved for a single business entity that is formed by two or more people. Joint ventures join two or more different entities into a new one, which may or may not be a partnership.

To identify:

- the need of JV whether for researches, production or both,

- the goal/s of the venture

- projects to take on,

- to either to operate separate entity or operates jointly as separate entities, 

- potential JV partner/s.

  • The number of parties involved

  • The scope in which the JV will operate (geography, product, technology)

  • What and how much each party will contribute to the JV

  • The structure of the JV itself

  • Initial contributions and ownership split of each party

  • The kind of arrangements to be made once the deal is complete

  • How the JV is controlled and managed

  • How the JV will be staffed

To do:

- set up the legal structure,

- possible to Project Manage it.