The term venture is c. 1400, "fortune, chance," shortening of aventure (n.), a variant of adventure (n.); also from Anglo-French venture. Sense of "risky undertaking" first recorded 1560s; meaning "enterprise of a business nature" is recorded from 1580s.
Joint Venture (JV) is a natural entry way to new markets. Joint ventures are used in manufacturing, mining, and service industries. Host countries may require a certain percentage (usually 51 percent or more) be owned by nationals of the host country. Be prepared to lose managerial control, reduced profits, and increased operating costs until you can become a wholly-owned subsidiary or gain one hundred percent ownership.
Fortune over chance, undertaking of a risk, lengthen adventures