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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

Partnerships and Joint Ventures

Partnerships and joint ventures can offer both partners significant benefits, including sharing experience, skills, people, equipment and customer bases. Through a partnership or joint venture arrangement with a complementary, non-competitive business, you may be able to open new markets or improve your offer to existing ones. It’s important to be very careful who you link up with. An agreement defining the terms of the partnership or joint venture is essential. Teaming up must be a win-win situation for both parties. Businesses involved with complementary activities or skills are usually the most appropriate candidates.