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Joining forces with Georgia McIntosh, I’m expanding my impact through BePartnerReady.com®, empowering non-profits to forge transformative corporatepartnerships and at the same time, ensuring that my legacy is in good hands. Explore options such as corporatepartnerships, bequests, even a social enterprise.
When you’re working hard to build great corporatepartnerships, it can sometimes feel like the biggest challenges are with your internal teams, not your corporate prospects. We warmed up the corporate about the wonderful work being done for children in poverty. The enemy sits behind you”. End of meeting.
Developing corporatepartnerships requires continual negotiation over several months to get to a desired outcome. Silence worked unexpectedly well for me years ago when working in finance. Achieving a Middle East peace deal would be much easier if only the UN employed teachers as negotiators. It was a mess.
It’s intended as a pathway to the million-dollar question- how much should I ask a corporate partner for? The NYU Professor Aswath Damodaran is an expert in corporatefinance and valuation. He outlines three common myths about valuation and they are just as relevant to corporatepartnerships as to investors.
Partnerships agreements are legally binding, so once signed, both parties are bound by the law to deliver their contribution. However, corporatepartnerships are about relationships so it is likely that any dispute over finances can be resolved without enforcing the agreement.
Corporate foundation – many companies will have a set bank account/structure for their corporate giving, such as the Avanti Schools Trust We largely recommend that these are handled by trust fundraisers, as they are managed much more like a foundation than they are a company. CorporatePartnership – a corporate-charity partnership is?a
If you want to build corporatepartnerships it can be tempting to contact lots of random companies and see if any of them are interested. In this blog we share our five recommended features of an ideal corporate prospect. Having a senior contact at a company can make a corporatepartnerships approach much easier.
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