Ways to Build Mutually Beneficial Business Partnerships
CenterPoint Group
MAY 15, 2020
It’s probably the last thing on any business’s agenda to forge new business partnerships right now. These are uncertain times.
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Alliance Failure and Alliance Success: The 80% Rule
Peter Simoons
SEPTEMBER 10, 2023
This is what I term, the 80% rule: 80% of ad hoc unstructured business partnerships and strategic alliances fail, while contrariwise, 80% of the companies that follow a structured approach establish prosperous business partnerships and strategic alliances.
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How to Plan, Manage, and Measure Strong Channel Business Partnerships
Successful Channels
DECEMBER 31, 2019
The thesis of this article is that there are a set of universal characteristics to build deeper and longer-lasting channel business partnerships that can identified and codified. This blog attempts to take that one step further by defining how to apply these commitment development practices to your channel strategy and program.
Prepare Your Partnership by Following a Structured Alliance Process
Peter Simoons
JULY 12, 2021
Remember how we mentioned earlier, that you need to be in the winning side of the 80% rule if you want your partnership to succeed? The fact is 80% of ad hoc unstructured business partnerships fail, while 80% of the companies that follow a structured alliance process towards creating partnerships emerge successful.
David and Goliath Relationships
Peter Simoons
NOVEMBER 21, 2021
Respect, negotiating from a “we” perspective and looking for mutual benefits are essential building blocks in making partnerships successful. Is your company enabling you to build and maintain truly collaborative business partnerships? How about you, what is your experience? Check out this link for more information.
Trust Arrives on Foot, but Leaves on Horseback
Peter Simoons
JULY 2, 2023
These three elements are crucial for establishing and maintaining a healthy and dependable level of trust in strategic alliances and business partnerships. If circumstances arise that prevent you from fulfilling a promise, communicate the reasons promptly and effectively.
How to Partner With Other Companies to Grow Your Business
B Plans
JUNE 21, 2021
How do you get a business partnership? Check out some of the conventional and innovative partnership options that have worked for other businesses. Secondly, you can save money on advertising by sharing online and offline marketing costs for tandem projects. Of course, being open to partnering is one thing.
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Understand the Cultural Differences
Peter Simoons
APRIL 19, 2021
The same is true with building business partnerships. When establishing a partnership with another company, you are bringing two different cultures together. These are the kind of cultures that are not primarily driven by geography, but simply by “the way we do things around here.”
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Building Trust: The Building Block of Partnerships (Part 1)
PartnerTap
NOVEMBER 2, 2020
Remember business partnerships that have taken years to build can fall apart with one action that breaks trust. Follow us on LinkedIn to get new insights into strategic alliances, partnerships, and ecosystem success. Without it, you will lose your footing and your reputation.
25 Tips for Successful Partnerships & Alliances
Peter Simoons
DECEMBER 9, 2020
Introduction to Successful Partnerships & Alliances. Many of the innovations that changed the way we live today are the result of successful business partnerships. The partnership of Steve Jobs and Steve Wozniak, for example, gave us the Mac, the iPod and the iPhone. Some work while some don’t.
Discovering The Right Partnerships with Sales Insights
CoSell
DECEMBER 31, 2020
Managing expectations while working with different businesses, charities, and organizations require ongoing agility, flexibility, and communication. Work for a Win-Win A business partnership can provide tremendous benefits to all involved. You can simplify life for your customers, your team, and your partner’s team.
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My Favorite 2014 Trend is Boomer-Millenial Partnerships
B Plans
DECEMBER 18, 2013
And I just read his Top 10 Small Business Trends for 2014 and once again, it’s great food for thought. Boomer/Millennial Business Partnerships : Growing numbers of baby boomers and millennials are teaming up to start and run small businesses. My personal favorite this year is this: 8.
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From Cave Walls to Boardrooms: The Evolution of Collaboration
Peter Simoons
JULY 28, 2024
Building a successful partnership requires a foundation of trust. In a trust-based business partnership, measuring progress becomes a shared tool, allowing both parties to understand the state of the collaboration and make joint adjustments as needed. Doing so provides a common foundation for the collaboration.
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Get intimate this Valentine’s Day with our top travel couple influencers
Impact
FEBRUARY 9, 2021
Take notes from these enduring couples and apply them to your business partnerships. Whether you’re single, coupled, or “thrupled,” there’s always an opportunity to strengthen your business partnerships. Sandy and Vyjay: India based couple, travel, culture, luxury.
Know Your Initial Reason for Entering into a Partnership
Peter Simoons
JANUARY 12, 2021
The same principle applies with business partnerships and alliances. You have to figure out what your reason for entering the partnership in the first place before you actually sit down for your first meeting with your potential partner.
Slowing down to speed up your results
Stellar Partnerships
OCTOBER 19, 2020
As a busy partnership manager time is against you. If you know me well, then you’d know that my natural tendency is to just get on with things, aka wing it. Not because I’m lazy, but I’m just trying to squeeze too much into the day. Sound familiar? It’s a constant battle being a doer who just gets on with things.
Know Thy Value
Be Partner Ready
AUGUST 9, 2021
A business partnership is a little like a marriage – there is usually a common purpose, shared values, collaboration, and mutual benefit. Partnerships (and indeed marriages) often fail when there’s no mutual trust or give & take. And a whole lotta love.
A drop in the ocean
Stellar Partnerships
JUNE 19, 2022
I know that mentioning my holiday will test the business partnership as Sharon holds the fort in her thermal onesie. It’s 12C and raining in Melbourne and I’m feeling smug about having booked my first holiday to QLD in years. But staring out from the beach has reminded me of Blue Ocean Strategy.
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Are You and Your Business Partner on the Same Page?
B Plans
JUNE 10, 2014
While there are workarounds for some disagreements, differences in how much money each partner wants to get out of the business will more often than not spell the end of the business partnership.
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How understanding my Unique Ability changed my life
Jake Jorgovan
FEBRUARY 11, 2020
I worked in isolation After having my first business partnership crumble (largely due to my own ego), I entered into a period of life where I worked alone. This was a huge mental barrier that took me time to get over. I had to eventually realize that there were many people better at doing the work than myself. And that is ok.
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Climb Global Solutions Acquires DSS, Continues Empowering Channel Partners
Channel Insider
AUGUST 30, 2024
Reseller finds trust, respect, and growth with Climb relationship Cybersecurity VAR Secure Content Technologies has utilized Climb as a distributor for several years, though CEO Karen Greer describes the working relationship between the two companies as a true business partnership. But Climb has been so much more than that for us.
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Qualities of a Powerful Partnership
Powerlinx
JUNE 16, 2021
Business collaborations entail a merging of and collaboration between disparate teams from the partners, a process that demands a high level of confidence in personnel. Given the complex nature of partnerships, trust is an integral factor in the initiation and continuation of all great business partnerships. Transparency.
Impact Acquires Affluent to Power Agency Managed Partnership Programs at Scale
Impact
APRIL 6, 2021
Impact accelerates enterprise growth by automating the full partnership life cycle, including discovery, recruitment, contracting, engagement, fraud protection, optimization, and payment processing for business partnerships of all types.
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The outbound industry is evolving. and what to do about it
Jake Jorgovan
APRIL 14, 2020
These could turn into business partnerships, revenue shares, commission structures. At Lead Cookie, we are entertaining the idea of partnering with select companies who we believe we can bring tremendous value to and earn more on a performance basis.
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How to Effectively Manage Strategic Partnerships
Aepiphanni
NOVEMBER 24, 2020
There can be strength in numbers, and successful business partnerships and strategic alliances are a testament to this. The same study reveals that alliances account for nearly a third of a business’ revenue and value.
Finding Business Partners: A Strategic Investment
Powerlinx
NOVEMBER 21, 2020
Leverage strength and knowledge when finding business partners. Investing in the right business partnership alliance can also enable both parties to benefit from each other’s shared strengths and knowledge.
Mastering the Art of Enterprise Software Negotiations: A Step-by-Step Guide
Jake Jorgovan
MAY 6, 2024
We advise you to invest in this relationship with the same care you would in a business partnership. Strong, transparent, and regular communication can transform this vendor relationship into one of the pillars of your business's technological success. Insider Tip: View your software vendor as a supplier and strategic partner.
Negotiating Waste Management and Recycling Contracts: 5 Ways to Maximize Savings
Jake Jorgovan
MAY 11, 2024
They must comply with existing laws and stay ahead of regulatory changes that could impact your business. Partnerships with certified providers ensure that your waste management practices contribute to broader environmental goals, like reducing greenhouse gas emissions and conserving natural resources.
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What to Look For in a Business Partner
B Plans
MAY 15, 2014
The lessons of a business partnership test-run. The problem is that this is harder to do than it sounds. As an entrepreneur raised in the era of analytics, I want to find metrics for everything. But how do you measure (and prove) a gut feeling?
How to Effectively Manage Strategic Partnerships
Aepiphanni
NOVEMBER 24, 2020
There can be strength in numbers, and successful business partnerships and strategic alliances are a testament to this. The same study reveals that alliances account for nearly a third of a business’ revenue and value. A business partnership can be fragile, and it needs conscious cultivating.
Partnership Challenges No One Talks About
Compass Point
OCTOBER 23, 2023
In fact, while it’s a well-known statistic that 50% of marriages end in divorce, did you know the percentage of business partnerships that meet with a bitter end is closer to 70% ? The 3-circle model for family business needs only a slight tweak to be relevant to a business partnership.
How decreased venture capital raising may impact your business
Powerlinx
AUGUST 15, 2022
The third alternative — ideal for startups that can’t afford to invest a lot of sweat equity or don’t want to spend countless hours pitching to skeptical investors — is to find the right strategic business partnerships.
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How to Promote, Market, and Grow a Recruiting, Headhunting, and Executive Search Firm
Jake Jorgovan
JANUARY 26, 2024
LinkedIn, Twitter, and sometimes Facebook are usually the most effective for recruiting candidates and creating business partnerships. Set Up Professional Profiles: Create business profiles on these platforms. Choose the Right Platforms: Identify which social media platforms are most frequented by your target audience.
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Here’s Why Your Business Needs to Focus on Building Better Relationships
Dinkel Business Development
JANUARY 26, 2022
Building relationships involves taking the time to gain an understanding of what your contacts' business does, who they want to meet, and their ultimate goals. These deep relationships are critical in business because they lead to referrals, new business, partnerships, and other opportunities you wouldn’t otherwise have access to.
Here’s Why Your Business Needs to Focus on Building Better Relationships
Dinkel Business Development
JANUARY 26, 2022
Building relationships involves taking the time to gain an understanding of what your contacts' business does, who they want to meet, and their ultimate goals. These deep relationships are critical in business because they lead to referrals, new business, partnerships, and other opportunities you wouldn’t otherwise have access to.
ForzaDash Highlights Services, Celebrates 10th Anniversary of CWDash
ForzaDash
NOVEMBER 8, 2020
With in-depth knowledge and experience in the industry, it made clear its position as an MSP community that enables business growth. . ForzaDash is an MSP community dedicated to providing a venue where MSPs and IT vendors can connect for business partnerships. About ForzaDash.
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NETWORKING BEST PICKS - NOVEMBER EDITION 1.0 - DECEMBER EVENTS
Dinkel Business Development
NOVEMBER 15, 2018
Celebrating their 35th anniversary to support local wishes and enjoy a taste of Maryland Wednesday, December 5 Greater Baltimore Committee Mayor's Business Recognition Awards Luncheon 11:30am - 1:30pm Renaissance Baltimore Harborplace Hotel WHY? This annual event draws a great crowd of distinguished executives and honorees.
6 affiliate marketing strategies borrowed from Travelstart’s success story
Impact
NOVEMBER 22, 2023
How can partnership marketing grow my travel business? Partnership marketing fuels the growth of travel businesses by helping them reach more customers faster. Affiliate marketing helps travel and tourism companies boost revenue and bookings by increasing reach and customer loyalty.
How partnerships fuel revenue growth during economic uncertainty
Impact
MARCH 9, 2023
Strong partnerships are the best way to grow your business. These studies show that it’s not about avoiding economic downturns, but embracing the opportunity to refine your processes, understand your customers, and expand your reach.
What Is PRM Software and How Can It Help Your Business?
Magnetrix
DECEMBER 28, 2020
This, in turn, can keep your partners satisfied and productive, which can help you grow your business partnerships. They can also start optimizing —or fully automating— essential tasks like education, and lead registration. Therefore, it enables partner managers to achieve more in less time. What does a PRM software do?
How A Partnering Agreement Boosts Trust Among Channel Partners
ForzaDash
AUGUST 24, 2020
Partner agreement refers to the written agreement citing the regulating terms of the operation initiated before the start of a partnership. Partnering Agreement, Defined.
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How to Find the Perfect Business Partner
B Plans
JUNE 13, 2013
Finding the right business partner is no easy feat. The stark reality is that you will most likely work your way through multiple business partners as you embark down your desired career path, which isn’t necessarily a bad thing.
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How to Get a Partnership Deal for Your Business
B Plans
AUGUST 26, 2013
A good partnership deal can take your business to the next level, and no business is too new or too small to start looking towards the future and considering potential partnerships.
Looking for Money? These 4 Things Will Scare Investors Away
B Plans
MARCH 27, 2014
Whether you’re trying to borrow money from a colleague or land the financial backing of a venture capitalist, there are certain traits that can scare even the hardiest of investors away.
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