worksheet: how to prepare your business for a partnership
DESCRIPTION
*Find the PDF version of this worksheet by clicking Download*What can your business achieve through a strategic business partnership? What do you have to offer future partners? What resources will future partners need to bring for success? This worksheet will walk you through everything you need to know to prepare your business for strategic partnership success.TRANSCRIPT
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2015 Powerlinx
Partnership Preparation Worksheet Set Goals What would you like to achieve through a partnership?
Primary goal Increase sales in off-season; expand to China; fund research
Secondary goal(s) Increase brand affinity; increase profitability by X%
Assess Your Resources What resources can you bring to a partnership?
Special knowledge
Intellectual property
Materials
Office space
Audience
Industry connections
Human capital
Additional resources
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2015 Powerlinx
Assess Your Needs What resources will your future partner(s) need to bring to the table?
Financial
Market/audience access
Industry connections
Human capital
Technical requirements/equipment
Foreign permits
Set Expectations What resources are you willing to spend?
Financial
Number of team members
Human hours/week
Equipment to lend/donate Specify hours/week
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2015 Powerlinx
Timelines and Deadlines When do you aim to get the ball rolling?
Start partnership search
Complete shortlist of potential partners
Choose partner
Sign partnership agreement
Tentative partnership start date Dont forget to set milestones!
Achieve primary goal