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How to make a great technology partnership

1/30/2023

 
  1. Align Goals: Clearly define the goals and objectives of the partnership and ensure that both parties are aligned. This can include specific targets, timelines, and milestones to be achieved.
  2. Communication: Good communication is key to a successful partnership. This includes regular check-ins, open dialogue, and a shared understanding of the partnership's status and progress.
  3. Trust: Trust is essential to building a strong and lasting partnership. Be transparent in all dealings and follow through on commitments.
  4. Flexibility: Be willing to adapt to changes and unexpected challenges that may arise. This includes adjusting the partnership agreement if necessary to ensure its continued success.
  5. Shared Values: Ensure that both parties share a common set of ethical and cultural values. This will help to foster a positive and productive relationship.
  6. Equal Participation: Ensure that both parties are equally invested in and engaged with the partnership. This includes sharing decision-making responsibilities and ensuring that each party's contributions are valued and recognized.
  7. Fair Deal: Have a clear and fair agreement in place that outlines the responsibilities and benefits of each party. This can include decision-making processes, financial arrangements, and dispute resolution mechanisms.
  8. Mutual Benefit: Ensure that the partnership creates value for both parties. This includes opportunities for growth, increased efficiency, and the ability to leverage each other's strengths.
  9. Measurable Outcomes: Establish specific, measurable, and achievable outcomes for the partnership. This can include targets for revenue, market share, or customer satisfaction.
  10. Continuously Evaluate: Regularly evaluate the partnership and make changes as necessary to ensure its success. This can include regular performance reviews, assessments of the partnership agreement, and feedback from both parties.

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    Shawn Kalin

    Virtly - Founder & CEO 
    Thought leader in online collaboration
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