Trust is a big issue when it comes to Joint Businessing or Venture.
In the past I have seen a lot of wealthy people form a sort of business alliance to establish something totally different, it is however a different issue with people who are new investors and starting out.
People have fears especially when they have little capital and no other means. Entrepreneurship in itself brings a lot of risks especially with government interference, the uncertainty of the market and one person providing equity.
Joint venture however brings more advantage and in this video I talk about the fears of joint venture and of course why it eventually leads people to becoming failed entrepreneurs.
▶️ 3Speak
@josediccus lack of trust have destroyed so many partnership in business and in life as a whole,anyone who wants to go into joint venture must be ready to trust their partner on the business or else the business will fail....
It's vital to find the right person for a joint venture. Infact it's the foundation through which the business will thrive.