Question: what are some of the advantages and potential disadvantages of entering a joint venture?
Answer: 1 – Vague objectives. ...  2 – Flexibility can be restricted. ...  3 – There is no such thing as an equal involvement. ...  4 – Great imbalance. ...  5 – Clash of cultures. ...  7 – A lot of research and planning are necessary. ...  8 – It may be hard for you to exit the partnership as there is a contract involved.