Entering into a joint venture agreement can be really exciting. You get to leverage the expertise, reach, and ideas of a partner you respect. Combined, you and your JV partner can achieve incredible things you simply wouldn’t have been able to achieve on your own.
The trouble comes when you don’t choose the right person or business to work with. Sometimes, it’s easy to figure out when a partnership won’t work. You might clash right away, not be able to come to an agreement, etc. That doesn’t always happen, though.
It’s easy to get starry-eyed when it comes to working with others, especially if you’ve admired them from afar for a while or even been friends for a while. It’s important not to let that happen, though. Not everyone will be a good fit.