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Joint ventures
Joint ventures
You can expand your business by joining forces with another business. While this can create more shared decision-making and possible management and staff issues to resolve, there can be clear advantages. Successful co-operation can deliver:
- More resources
- Sharing of the managerial load
- Larger skills and talent base
- Bigger pool of contacts
- Increase in markets
- Diversification and organic growth using increased resources
- Reduced commercial risk