Augusta
VIP Contributor
Joint venture is sometimes the way to go when it comes to running a business with 2 or more people for the success of such a business. The good thing about joint venture unlike partnetship is that everyone gets involved in the business actively. This means it easy for everyone in the joint venture as all hands are on deck.
But this might not be possible if somethings are not right or fixed. The joint venture might still collapsed because they are some factors that are working against which people should realized and work against it.
Some outstanding factors includes;
Having parties that don't know what joint venture business entails
When there's no joint control of the cash, there will be misuse of funds
Work independently on projects and hiding the outcome from the others
High conflict of interest, when parties interest varies there's great amount of discord. This will bring disunity.
What's your thoughts?
But this might not be possible if somethings are not right or fixed. The joint venture might still collapsed because they are some factors that are working against which people should realized and work against it.
Some outstanding factors includes;
Having parties that don't know what joint venture business entails
When there's no joint control of the cash, there will be misuse of funds
Work independently on projects and hiding the outcome from the others
High conflict of interest, when parties interest varies there's great amount of discord. This will bring disunity.
What's your thoughts?
