The Power Of The Smart Business Partnerships
Who you partner with matters, especially when accelerating growth.
Whether supply chain, investment, or otherwise — for owners looking to exit soon, choosing the right partnerships is critical.
Beyond the capabilities each side brings, for me it’s ethics, character, and chemistry that matter most. Whenever things go wrong, it’s usually a mismatch in these areas.
Making a good partnership decision has far-reaching consequences:
> REPUTATION — Imbalances in ambition, integrity or ability reflect poorly, by association.
> LOST TIME — Choosing the wrong partner costs precious time. Even if no disaster, things may move too slowly as others overtake you.
> LONGEVITY — Bad partnerships won’t stand the test of time. Be prepared to walk away if the gap feels too large.
> COMPETITIVE ADVANTAGE — Buyers want principled leaders who care about people and values. Quality partnerships increase your advantage.
> EXIT — Partnerships will be scrutinized heavily during due diligence. They now matter more than ever.
> LEGACY — After exiting, you want to leave behind a positive legacy.
Getting partnerships right is about far more than capabilities and opportunities. It’s about ethics, character and chemistry. Choosing well has ripple effects on reputation, time, exit and legacy.
#business #partnerships #strategy #growth #exit
