Make your joint venture relationship work
A clear agreement is an essential part of building a good relationship. Consider these ideas:
Get your relationship off to a good start. For example, you might include a project that you know will be a success so that the team working on the joint venture can start well, even if you could have completed it on your own.
Communication is a key part of building the relationship. It's usually a good idea to arrange regular, face-to-face meetings for all the key people involved in the joint venture. For ideas on ways to improve communication, see our guide on how to inform and consult your employees.