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.
Peter Simoons
JULY 28, 2024
Building a successful partnership requires a foundation of trust. However, it is also good to clearly outline intentions and document agreements. 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.
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Jake Jorgovan
MAY 6, 2024
Document Your Findings: Keep a detailed record of all requirements, user feedback, and strategic alignment. This documentation will be key during negotiations to keep you focused and assertive. Insider Tip: We advise always entering negotiations with a well-defined requirement list vetted against your business objectives.
ZinFi
MAY 2, 2017
Channel partners are business partners. As with any business partnership, the relationship requires a legal framework, which in turn requires business contracts. PRM software streamlines that mark-up process and keeps a history of all comments and changes. Now lets consider special programs.
B Plans
AUGUST 26, 2013
” That may be true, but a well-explained document answers hard questions and defines parameters so no one is confused about her role or the outcomes. Our lawyer, Sheheryar Sardar, recently sent a marketing partner a four-page agreement, and the partner said, “I’ve never seen anything like this.
Tishkoff
FEBRUARY 14, 2025
Disagreements over financial decisions, roles, or business direction can lead to costly legal battles if not handled properly. Understanding how to navigate and prevent partnership disputes is essential to protecting your business. Decision-Making Conflicts: Clashes over business direction, strategic goals, or daily operations.
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.
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