Minneapolis, Minnesota (PressExposure) October 09, 2009 -- Joint ventures can be a great way for a small business to have access to opportunities and profits that are beyond their reach. Rory S. White and his associates have found joint ventures to be very profitable. White quotes the successful entrepreneur, Frank Trueblood, âWhat one man can do in an hour, sixty men can do in a minute.â
A joint venture (also called a JV) is a strategic alliance where two or more people or companies agree to contribute goods, services and/or capital to a common commercial enterprise. The parties come together to create a new entity thus sharing the profits, expenses and control of the new business.
Some very successful businesses have used joint ventures to improve their market position and overall bottom line. Companies such as TriStar Pictures (a combination of Columbia Pictures, HBO, and CBS) and Verizon Wireless (a merging of Verizon Communications and Vodafone) have been very successful by pooling their resources.
What are the benefits of forming a joint venture? When done right, joint ventures can build on a companyâs strengths, spread out costs and risks, improve financial resources and bring more access to a new client base. Joint ventures can also give the two parties a more competitive edge by providing diversification, transfer of technology and skills, and improves the companiesâ overall market value. Plus each member of the joint venture retains ownership of his or her property. This is why White strongly believes in joint ventures.
According to White, joint Ventures are the fastest way to grow your business, expand your market share and reach your customers, period. You don't need to be a marketing âguruâ in order to experience massive benefits of partnering with another business. While some people shy away from joint ventures, believing them to be complicated or a hassle. In doing so, they miss out on an incredible business opportunity. White claims that joint ventures donât have to be hard to come by or difficult to arrange. He and his associates can make it easy.
White also invites those who have a joint venture in mind to contact him. For more information, contact Rory S. White and his associates at [http://www.whoisroryswhite.com/]