Have you considered joint venture opportunities that could grow your business? Instead of doing it all yourself, you could link up with another business or a partner who complements what you do to mutual advantage. Partnerships or strategic alliances are a way to start or grow without investing a large portion of your own capital.
Buying or merging with an existing business can offer many opportunities. Compared to starting a new business, some of the work has already been done for you. An existing business generally has its own markets with a customer base, production facilities, skilled workers, and product or service lines that you can blend or integrate with your own.
Joint ventures and partnering Get an overview of the key ways to set up a joint venture, the pros and cons of joint ventures, and learn how to manage this type of company.
Know your strategic alliance options Alliances can help you expand your market. Learn about the different alliance strategies, and how to avoid risks and choose the right partners.