If you are tired of seeking an investor to fun your business, or overwhelmed by the high standard requirements of lending institution, you might want to try joint venture to start your business.
According to Christopher J Freville, “a joint venture is a temporary business alliance between two parties that come together to take advantage of the others' abilities to do something productive and earn profits from the business collectively.”
It is just a temporary setup, and it will only lasts for a few weeks or months. It does not require a permanent registration or contract. In a joint venture, each party should contribute and assume a specific task to make it more convenient and easy. There must be an agreement between the partnership of who will take this task. With the proper delegation of task, you can eliminate the stress of needing some sort of business financing.
According to Christopher J Freville, “a joint venture is a temporary business alliance between two parties that come together to take advantage of the others' abilities to do something productive and earn profits from the business collectively.”
It is just a temporary setup, and it will only lasts for a few weeks or months. It does not require a permanent registration or contract. In a joint venture, each party should contribute and assume a specific task to make it more convenient and easy. There must be an agreement between the partnership of who will take this task. With the proper delegation of task, you can eliminate the stress of needing some sort of business financing.
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