What are the key steps to forming a successful business alliance?
To form a successful business alliance, start by identifying potential partners with complementary strengths.
How do I approach a potential partner?
Approach them with a clear value proposition and explain how the alliance can benefit both parties.
What should I include in a partnership agreement?
Include roles, responsibilities, profit-sharing, and exit strategies to ensure clarity and alignment.
How can we measure the success of the alliance?
Set clear KPIs and regularly review them to assess the performance and impact of the alliance.
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