There is no limit to the types of joint ventures you
profitably set up with other related businesses.
Actually, you can even do joint ventures with unrelated
businesses as well. Recently, on a vacation to Mexico,
my wife and I were laying out by the pool.
Suddenly we heard an announcement about a fashion
show that would be taking place at pool side (right in
front of us). The fashion show began and we were
introduced to a wonderful line of Caribbean fashions
custom designed by a talented lady named Regina
Roberts.
The models walked around the pool and allowed all the
vacationers to get a good look at some beautiful clothing
that was very reasonable priced. After the show the pool
side guests were invited to shop right there (she brought
her whole line with her to the pool). Ladies rushed to get
first dibs on the most popular pieces.
It turns out that Regina has a joint venture agreement
with the hotels to provide fun fashion shows to the hotel's
guests while she gets to sell her clothing line.
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