Episode 56 – Joint Ventures
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Joint ventures are a business agreement in which the parties agree to develop, for a finite time, a new entity and new assets by contributing equity. Think of Apple and the iPhone and iPad and apps – Apple teaches you how to create apps for free. You create an app that meets a need. Local businesses can partner with others to provide complimentary services that grows each other businesses. You can partner with someone to to create a new complimentary product…