A Joint venture is a business entity involving two or more parties where the returns risk and governance are shared between all the members involved. Profits are also shared often depending on the percentage of capital initially invested by the parties. The venture may later add more investors.

Before starting a joint venture, it is paramount to keep four major considerations in view. The first of these is Careful Planning; assess whether it is the best way to achieve your goals using a SWOT Analysis to identify your strengths, weaknesses, opportunities, and threats. This may be done alongside the business partner. Second is Open Communication; this helps to confirm that all stakeholders understand the basics of a joint venture agreement, including goals, resources, deal duration, and others. In-person meetings and virtual meetings can be interchanged depending on the arrangement.

Next is Building Trust in the partnership; it may be fostered through transparency with information and clearly established performance metrics, all of which reduce unnecessary suspicion among partners. Lastly, Flexibility and adaptability can be very beneficial in creating room for opinions to be voiced and compromises to be made. Regular reviews of operations reveal room for improvement as well as opportunities for change while keeping in mind the legal and financial aspects of the venture. Note that the actions of partners can have a huge impact on the business and other partners.

Gatekeeping means deliberately restricting valuable information or opportunities to a few select individuals who meet predetermined criteria.  Unfortunately, very often the same demographic groups are subject to gatekeeping even outside their professional lives but this stifles innovation, diminishes diversity, and promotes inequality.

Gatekeeping affects the

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