The Do's and Dont's of Creating Business Partnerships

Written by Andrea Pellettiere


The Art of Strategic Alliance

I run a small meeting, event and conference planning company based inrepparttar New York City area. As an entrepeneur and small business owner with a limited advertising and marketing budget, developing business partnerships has been really helped me to getrepparttar 104051 word out aboutrepparttar 104052 services that I offer. For example, I have aligned myself with a DJ company asrepparttar 104053 preferred planner for their clients and am actively receiving business and referrals from this source. Also, due to my partnership with a travel agency, I am now handling meetings, conferences and events for inbound corporate groups from abroad. Forming strategic alliances has been and will continue to be a significant part of my long term business plan and model for exponential growth.

I have practicedrepparttar 104054 proverbial "art" of building non-competitive alliances with like minded companies, not just as a new entrepeneur, but also as a business building tool in all of my previous positions. While, onrepparttar 104055 whole, this strategy has yielded very positive results and significant revenue, there have been some negative consequences. So, I would like to share with you a very basic list of "do's and dont's" for creating successful business partnerships.

-Do seek out companies where your services would be a natural addition torepparttar 104056 resources currently offered. For example, if you are a catering service specializing in healthy cuisine, you might want to partner with health club to offer special incentives to gym goers.

-Do choose organizations whose business ethic and overall image are at least generally compatible with yours. The last thing you want is to be associated with an organization who has questionable business practices. Although you may financially gain from such a partnership inrepparttar 104057 short term, that type of "bad business karma" can only affect you negatively inrepparttar 104058 long term.

-Do determine beforehand whether you will be operating underrepparttar 104059 aegis of your own company or your partner's organization. If you are ABC company and your partner is XYZ corporation, will you be marketed seperately as ABC company or an extension of your partner XYZ Inc.? Are you looking strictly for access to new clientele or for an opportunity for exposure as ABC company?

Moving Key Audiences to Take Action?

Written by Robert A. Kelly


Please feel free to publish this article and resource box in your ezine, newsletter, offline publication or website. A copy would be appreciated at bobkelly@TNI.net. Word count is 1310 including guidelines and resource box. Robert A. Kelly © 2004.

Moving Key Audiences to Take Action?

You know, those really important outside groups of people whose behaviors can help or hinder any business, non-profit or association manager in achieving his or her objectives? Are you persuading those key stakeholders – especially those whose behaviors affect your unitrepparttar MOST – to your way of thinking, then moving them to take actions that help your department, division or subsidiary succeed?

Oh, as a manager, you say you’re covered in that regard – your public relations team is racking up some juicy print and broadcast placements, and you say those kinds of exposures are what your PR program is all about?

Atrepparttar 104050 risk of becoming a skunk at this picnic, I suggest you consider broadening your public relations field-of-fire to where it best belongs, on your unit’s key external stakeholder behaviors rather thanrepparttar 104051 occasional publicity placement.

Here’s why. The people you deal with behave like everyone else – they act upon their perceptions ofrepparttar 104052 facts they hear about you and your operation. Leaving you little choice but to deal promptly and effectively with those perceptions (and their follow on behaviors) by doing what is necessary to reach and move those key external audiences to action.

And that means using a workable PR blueprint to dorepparttar 104053 job. For example, people act on their own perception ofrepparttar 104054 facts before them, which leads to predictable behaviors about which something can be done. When we create, change or reinforce that opinion by reaching, persuading and moving-to- desired-actionrepparttar 104055 very people whose behaviors affectrepparttar 104056 organizationrepparttar 104057 most,repparttar 104058 public relations mission is accomplished.

Consider for a moment whatrepparttar 104059 results of this approach to PR could be. Customers starting to make repeat purchases, and even prospects starting to do business with you; fresh proposals for strategic alliances and joint ventures; welcome bounces in show room visits; rising membership applications, and community leaders beginning to seek you out; new approaches by capital givers and specifying sources not to mention politicians and legislators viewing you as a key member ofrepparttar 104060 business, non-profit or association communities.

So who’s going to dorepparttar 104061 work? Your own full-time public relations staff? A few folks assigned by Corporate to your unit? An outside PR agency team? Regardless where they come from, they need to be committed to you, torepparttar 104062 PR blueprint and to its implementation, starting with key audience perception monitoring.

A word of caution. Just because someone describes him/herself as a public relations person doesn’t guarantee they’ve bought repparttar 104063 whole meatloaf. Make certainrepparttar 104064 public relations people assigned to your unit really believe – deep down -- why it’s SO important to know how your most important outside audiences perceive your operations, products or services. Make sure they acceptrepparttar 104065 reality that perceptions almost always lead to behaviors that can help or hurt your unit.

Layoutrepparttar 104066 PR blueprint for them, especially your plan for monitoring and gathering perceptions by questioning members of your most important outside audiences. Questions like these: how much do you know about our chief executive? Have you had prior contact with us and were you pleased withrepparttar 104067 interchange? How much do you know about our services or products and employees? Have you experienced problems with our people or procedures?

If your budget will bearrepparttar 104068 considerable expense of professional survey firms, by all means use them inrepparttar 104069 perception monitoring phases of your program. However, keep in mind that your PR people are also inrepparttar 104070 perception and behavior business and can pursuerepparttar 104071 same objective supported by survey counsel input: identify untruths, false assumptions, unfounded rumors, inaccuracies, misconceptions and any other negative perception that might translate into hurtful behaviors.

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