To manage a joint venture partnerships can soon become difficult if you don’t plan them right. Your business may have strong potential for growth and you may have innovative ideas and products. However, a mismanaged joint venture could give you a run for your money.
Business partners
How to Choose the Right Joint Venture Partner?
The ideal partner in a joint venture is one that has resources, skills and assets that complement your own. The joint venture has to work contractually, but there should also be a good fit between the cultures of the two organizations.
When and Why a Business Can Enter into Joint Ventures?
Entering into a joint ventures is a major decision. When two businesses agree to join together for a common purpose and mutual benefit, it gives rise to a joint venture. Join ventures can be created by two or more parties; generally characterized by shared ownership, shared returns and risks, and shared governance in a business.
9 Things You Can Do to Beware of Frauds
Scammers are shameless and clever. They even take advantage of people struggling to earn an income through a business or job opportunity. Crooks use clever schemes to defraud millions of people every year. They often combine new technology with old tricks to get people to send money or give out personal information. Here are some practical […]
How to Avoid New Business Opportunity Scams
If you are looking for a new business opportunity, steer clear of any company or person claiming they can offer you a “guaranteed” or “risk-free” business opportunity. If someone is promising you that you are going to earn a lot of money, but they’re being vague about what you would do or how you would earn […]
How to Stay Clear of Bribery Trouble in International Business Deals?
Sadly, in the modern international business environment, bribery trouble has become a fact of life. Often its considered as the cost of doing business. Corruption is ubiquitous and persistent across much of the globe. In many places it is woven into the fabric of society. It should go without saying but payoffs, bribes or gifts […]
How to Handle Money Matters with Your Business Partners?
Money matters play a much larger role between business partners than you may think. How your partner decides to spend, save and invest the company’s money could have a considerable impact on your finances too. So, if you and your partner disagree on money matters or don’t often see eye-to-eye, here’s what you can do […]