Sun 10th Feb 2008, 17:00
I dont know much about this term. Is it same with share partner? If someone here doing the joint venture program please let us know. For me its something like same meaning with share partner.
Mon 11th Feb 2008, 07:00
The term Joint Venture is used to convey different meanings. In the strictest sense it refers to two companies merging together to form a single company. However, joint ventures also refer to two parties joining forces to achieve a particular task. For example a web design firm and a brochure print company my form a joint venture to submit a single proposal to deliver the promotional and design requirements of a large potential client.
Tue 12th Feb 2008, 08:37
Originally Posted by Fergal
Joint Ventures are important for doing large projects and achieving goals.
In short, they are to be PARTNERS.
This system is good if well planned in the right time.
Tue 12th Feb 2008, 22:04
Joint ventures are great for large projects, but you also need to weight the costs versus the potential profit in the end. This is what I am trying to say.
If you have a great idea and have resources to fund the project, why not outsource your initial work and keep the total profit for yourself? If you can leverage the funds, then go ahead and pay someone to get the work done and then keep the profits in the long run.
However, if you don't have a great amount of money to start with, consider joining with people who have strengths in the areas you are weak in. For me, I would partner with a good programmer since I am not good in that area. You have to consider the potential profit that you could make if you just go with it alone or if you need a partner. There are many advantages to each side, just make sure you make an educated decision.
Mon 18th Feb 2008, 21:52
hey, fergal has the right answer, it is just simply 2 companys megeing together, in some cases, one company will have debt and there new partner will assume the debt and they will then recive most of the provit but the 2 companys will keep the same 2 names. bareing in mind, it doesnt need to be 2 companys merging in theory it could be thousands but there is not much of a chance that will happen. a joint venture isnt allways a good day for some people it can turn out hell for some people.
Sat 1st Mar 2008, 06:04
Joint ventures are really very helpful if the merging companies are unable to complete the project on their own..... Moreover joint ventures not only lead to successful completion of project but also lead to development of new ideas and more competition for larger firms.....
Sat 1st Mar 2008, 17:20
Depending if your starting a new business as a joint venture. Maybe your merging teo buisnesses togeather? Always remember that you need to always know and trust you partner.
Sat 22nd Mar 2008, 00:43
If you can get a partner in a project, it can help every little bit. Sure you have to split profits, but it is easier work on your part
Mon 24th Mar 2008, 10:08
Good start for business with less amount money use...but do aware that you need a trusted partner..Dont simply joint someone without black and white paper..otherwise u'll be conned by them.By the way..where's your location kereta06?
Mon 24th Mar 2008, 14:53
A contractual agreement joining together two or more parties for the purpose of executing a particular business undertaking. All parties agree to share in the profits and losses of the enterprise.