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Why Are Strategic Alliances Important to Your Small Business
Global Edge defines a strategic alliance as a “collaborative agreement between two companies designed to achieve some strategic goal.” Traditionally, strategic alliances take place between larger companies and encompass formal arrangements such as “international licensing agreements, management contracts, and joint ventures” - but more and more small businesses are banding together in less formal ways to form strategic partnerships of their own. What are some of the benefits of forming small business strategic alliances? As a small business owner, how can you reach out to start conversations with potential allies and what should you look for in a strategic partner?

How to Build Successful Strategic Alliances
First of all, what is a strategic alliance? A strategic alliance is a partnership, a collaborative agreement and/or a relationship between two or more companies or organizations formed to pursue a set of agreed upon goals while remaining independent companies or organizations. Strategic alliances exist in a variety of shapes and sizes and include a wide range of scopes of cooperation levels. Strategic alliances usually are most effective when the entities involved have complementary strengths. In another article I wrote entitled “Strategic Alliances And Their Powerful Benefits,” I listed twelve (12) clear and powerful benefits of strategic alliances. Now, in this article I suggest how to build successful strategic alliances. Here are the ten (10) suggested actions to take to build successful strategic alliances.

Other collaborative agreement Related Articles

“Strategic Alliances and Their Powerful Benefits”
A strategic alliance is a partnership, a collaborative agreement and/or a relationship between two or more companies or organizations formed to pursue a set of agreed upon goals while remaining independent companies or organizations. Strategic alliances exist in a variety of shapes and sizes and include a wide range of scopes of cooperation levels. Strategic alliances usually are most effective when the entities involved have complementary strengths. Based upon more than 35 years of experience, here are what I consider to be twelve (12) of the most clear and powerful benefits of developing and working with strategic alliances.

Sales Agreement
The sales agreement is the key document in buying the business assets or stock of a corporation. It is important to make sure the agreement is accurate and contains all the terms of the purchase. It would be a good idea to have an attorney review this document. It is in this agreement that you should define everything that you intent to purchase of the business, assets, customer lists, intellectual property, and goodwill.
Sales Agreement
The sales agreement is the key document in buying the business assets or stock of a corporation. It is important to make sure the agreement is accurate and contains all the terms of the purchase. It would be a good idea to have an attorney review this document. It is in this agreement that you should define everything that you intent to purchase of the business, assets, customer lists, intellectual property, and goodwill.
Sample Non Disclosure Agreement
An intermediary should always sign a confidentiality or non-disclosure agreement (NDA). It is a 1 to 5 page document that acknowledges you have sensitive information that if released could harm your business and it should not be shared. Venture capitalists, however, will not normally sign a confidentiality agreement. They see so many companies in the same industry that they cannot sign one agreement and risk not being able to invest in other potential good deals.
EMPATHY – CAN YOU WALK A MILE IN THEIR SHOES?
Emapthy as a collaborative team value is necesaary for team conflict resolution. Yet work teams report that team conflict is one of the largest problems facing teams today. This article explores the collaborative team core value, empathy, and behaviors that both build and negatively effect empathy in the work place.
Franchise Agreements The Basics
What you need to look for when you want to start a franchise and are ready to sign the franchise agreement. So you’ve taken all the appropriate steps; you’ve researched, asked questions, found out about the competition, scouted locations and lined everything up. Now it’s time to sit down and sign the franchise agreement. But before you do, there are several things you need to know. The franchise agreement will be the bedrock of your business, and success (or failure) may lie somewhere inside all those conditions and terms. A smart franchisee will read the franchise agreement very carefully, making sure they understand everything within it. Here are some of the most commonly misunderstood or potential problematic areas you need to be aware of:

Leading Like TIGERS: A Successful Team Building Model
Teamwork thrives in a collaborative culture and tends to have problems in individualistic and internally competitive cultures. This article discusses a collaborative value system that supports an organizations vision, mission and core values through teamwork and the concept, "If we in, I win."
What You Should Consider Before Entering Into A Collaborative Agreement
Collaborative efforts with other agencies are valuable and can have many advantages. However, there are some items you need to consider prior to entering into any type of collaborative relationship. You'll want to ensure that when you enter into a collaborative relationship, it is a win-win situation for your clients, your organization, other stakeholders, and for your collaborative partner. This article addresses some questions you need to ask and issues you need to consider before establishing a collaborative relationship.
Communication Categories - Which one are you
There is more to communication skills than just listening. Have you been in a meeting and there is an agreement on an issue but the person in agreement is saying yes yet has their hands folded and is nodding slightly? Or maybe you have not seen this because you are not aware of non verbal communication.
When selling a business - What is a Seller Earn Out?
An earn out is a kind of payment agreement that is often used in seller financing. With an earn out agreement, the seller usually receives part of the total purchase price upfront, and the additional funds in a certain duration of time. The terms of an earn out are usually included in the sales contract. The earn out may also be structured in many ways. Earn outs are usually complicated and legal consult is required to ensure that both parties are well served equally by the said agreement. The seller earn out may be used as the seller financed portion or perhaps an addition a seller note.

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