Choosing a Partner Print

  • 0

Who to work with.

WHAT TO ASSESS

Whether they serve the customers you want to reach Whether their capability is real Whether they are financially stable Their reputation Whether their interests align with yours

WHY ALIGNMENT MATTERS MOST

Partners whose success does not depend on yours will not prioritise it.

WHAT TO ESTABLISH

What they gain, specifically.

WHY

If you cannot articulate their benefit, the arrangement will not be sustained.

WHAT TO VERIFY

That they are what they claim Their actual customer base Their delivery record Their financial position

HOW

References from their existing partners and customers.

WHAT TO ASK THEIR EXISTING PARTNERS

Whether the arrangement produced what was expected How responsive they are What went wrong Whether they would do it again

WHY

It is the most informative research available.

WHAT TO BE CAUTIOUS OF

Partners who could become competitors Partners who want access to your customers more than they offer theirs Partners with reputational problems Partners whose delivery you cannot verify

WHY THE COMPETITOR RISK

Partnership provides access to how you operate, what you charge and who buys from you.

WHAT TO ESTABLISH

What they will learn, and what protection exists.

WHAT TO ASSESS ABOUT CULTURE

How they treat their own customers and staff How they respond when something goes wrong

WHY

Their conduct will be attributed to you.

WHAT TO PREFER

A small arrangement first.

WHY

It tests the relationship at low risk.

WHAT TO AVOID

Committing exclusively before testing.


Was this answer helpful?
Back

Are you happy with your experience? Leave us a review on Trustpilot.


Trustpilot