what are some of the advantages and potential disadvantages of entering a joint venture?
['1 – Vague objectives. ... ', '2 – Flexibility can be restricted. ... ', '3 – There is no such thing as an equal involvement. ... ', '4 – Great imbalance. ... ', '5 – Clash of cultures. ... ', '7 – A lot of research and planning are necessary. ... ', '8 – It may be hard for you to exit the partnership as there is a contract involved.']