Like Nobody's Business

Consider bringing in others to help round out the gaps. However, as you're marshalling the troops, be sure to focus on the things that matter -- particularly before you start creating a business proposal for services. Joint Ventures What you need to know about a joint venture (JV) is that it is a business entity (partnership or corporation) that the members or member organizations create. Wikipedia lists these reasons to JV: Internal reasons: spreading cost and risk; maximizing financial and other resources, creating economies of scale, accessing new tech and customers, leveraging innovative managerial and process practices. Competitive goals: gaining the upper hand on the competition, generating velocity in market entry, increasing flexibility. Strategic goals: use of synergies, improved technology and other skills, diversifying and broadening reach. Collaborative Ventures Here, several business owners or specialists join forces to gain market advantage. Things to consider, chiefly, are how you'll