Definition of Business venture:
Start-up entity developed with the intent of profiting financially. A business venture may also be considered a small business. Many ventures will be invested in by one or more individuals or groups with the expectation of the business bringing in a financial gain for all backers. Most business ventures are created based on demand of the market or a lack of supply in the market. Needs of consumers are identified for a product or a service and the entrepreneur and investors will proceed to develop the idea, market the idea, and sell the product or service developed.
How to use Business venture in a sentence?
- The business venture was conceptualized during the meeting last Monday and it was executed the following week, flawlessly, for a profit too.
- You need to understand what the risks and rewards are for any new business venture and proceed cautiously at first.
- When the brothers inherited a large sum of money for their parents estate, they decided to join together in a business venture to invest the money in the same project.
Meaning of Business venture & Business venture Definition