Small Business Guide - Small Business Resources
    (Add to Favorites  |  View All Articles  |  Resource Directory)

The Key To Success - Choose The Right Partners


Do you promote yourself as offering prompt, reliable and quality service?

Of course - none of us promote ourselves as anything less, and equally we strive to provide this level of service all the time.

So what happens when you take your networking to the next level, and start to offer referrals, or even establish partnerships or alliances for certain activities?

Whatever you do at this point creates significant impact on your business and personal reputation - potentially positive and also potentially negative.

One of the successes of Global Business and Development Solutions (globizdev.com) is not just that we are an alliance spanning Australia, South Africa, UK and the USA. Rather, our success results because we share like values, and each commit to providing the same level of service, whether individually sourced, referred, or a shared client.

I am using the word 'partner' loosely - as a catch all for someone we refer business to/from, someone we collaborate on a project with, someone we join market and so on.

Regardless - choosing the right partner is critical.

So how do I choose the right partner?

At some point depending on the level of activity you enter, it could be important to get specialist legal, due diligence and other financial advice - which is beyond the scope of this article. Some key principles I have followed to successfully establish partnerships and alliances include:

? Looking for organisations and individuals who share the same values as you

? Ensuring you enter the arrangement with their success in mind, not just yours

? Being prepared to not lead every initiative

? Looking for partners with complementary products and services

? Identifying gaps in your own knowledge, skills and experiences and seeking partners to 'fill' these

? Not expecting overnight success

? Being prepared to foster a long-term mutually beneficial arrangement

Will following these steps guarantee success and remove all potential for conflict?

Obviously not.

However, following these steps is core in demonstrating a genuine desire to work with others, to support each other in growth and development.

Remember, too, that establishing such arrangements is likely to be just one element of an overall sales and marketing plan for you or your organisation. Even if you have an excellent partner, or partners, marketing efforts individually and collectively remain important.

I you are an independent professional, or a small service organisation, you might benefit from the Free Marketing Plan Workbook from Action Plan Marketing, which you can download from globizdev.com on the Additional Resources page.

I have found enormous personal and business benefits from establishing quality partnerships, and I hope you enjoy similar successes.

Mel Dunn is Managing Director of Global Business and Development Solutions, which works with individuals and organisations that are committed to business success and the success of others. We work globally and locally and focus on providing sustainable solutions for our clients.

We offer a range of services including:

? Proposal and tender development

? Technical assistance

? Research and strategy development

? Quality review of submissions

? Market entry support

? Partner identification

? On-ground representation

http://www.globizdev.com


MORE RESOURCES:

News provided by Yahoo! News and Google News

The Politics of the Small Biz Bill - Zacks.com

CBC.ca

The Politics of the Small Biz Bill
Zacks.com
The Republicans' official objection to the small biz bill is that they haven't been allowed to introduce enough modifications. They are also pointing their ...
Obama Promises More Measures To Aid Recov; Need Small Biz BillAutomated Trader
Obama: GOP Holding Small Biz Bill HostageCBS News
Wonkbook: More jobs bills; Wall Street turns on Obama; the calorie information ...Washington Post (blog)

all 1,167 news articles »

Small Business Federal Contractors Make Gains
Small businesses won a record $96.8 billion in federal prime contracts in fiscal year 2009, an increase of more than $3 billion from fiscal year 2008, but still fell somewhat short of the federal government s 23 percent goal for small business contracting.

Small business owners to Fed: 'Get out of our way'
Small business owners expect another downturn.

Oregon Small Business Fair planned
If you are exploring the idea of starting a small business, you can get help at the 17th annual Oregon Small Business Fair on Saturday, Sept. 10.

Small business tax workshop Sept. 16
The Everett office of the state Department of Revenue is hosting a free workshop for new and small business owners from 1 – 4:30 p.m. Sept. 16 at the Everett Public Library, 2702 Hoyt Ave.

Intuit, Verizon in small-biz alliance - Bizjournals.com (blog)

Intuit, Verizon in small-biz alliance
Bizjournals.com (blog)
Intuit Inc. and Verizon Communications Inc. on Tuesday announced an alliance aimed at small businesses. The collaboration will provide a package of Internet ...
Verizon Meets Small Business' Needs by Introducing New Website Services and ...MarketWatch (press release)

all 48 news articles »

Helping small biz grow - Denver Daily News

Helping small biz grow
Denver Daily News
Republican 7th Congressional District candidate Ryan Frazier and his opponent, incumbent Democrat Ed Perlmutter, see support for small business through ...
Fed looks at small biz lendingMemphis Daily News (blog)

all 3 news articles »

Small Business Jobs Bill: No 'Itty Bitty' Thing
I was surprised to hear Minority Leader Mitch McConnell say he believes the Small Business Jobs Act currently before the Senate is “a little itty-bitty small business bill that no one thinks will have much of an impact on the economy.” In fact, I would encourage him to go on the road with me to places like Saratoga Springs, where I was just yesterday meeting with several small business owners ...

What's up with small-biz non-hiring? - OCRegister

What's up with small-biz non-hiring?
OCRegister
Small-business owners aren't leading the way out of the recession with new hiring as they have in the past, according to several experts responding to the ...

Health reform's impact on small biz - Marketplace (blog)

New York Times (blog)

Health reform's impact on small biz
Marketplace (blog)
A new report takes a look at how small businesses are affected by the new health care reform law. The law includes a tax credit to help small businesses ...
Report: Health law's small biz tax credit could expand coverageUSA Today
A Whole Lotta Studies on Small Business and Health InsuranceWall Street Journal (blog)
Health Reform is Good for Small Business EmployeesTIME (blog)

all 172 news articles »

home | site map | articles
© 2006