S2:E7 – BAP Series: Scale Up Your Business: Building a High-Performing Team: Strategic Partnerships

In this episode of Business Acceleration Playbook, Maria Daniels and Tim Croll discuss the importance of building strategic partnerships to grow a business.

They define strategic partnerships as formal agreements characterized by shared vision, goals, complementary compatibility, mutual trust and commitment, clear roles and responsibilities, risk sharing and management, and a long-term orientation.

Tune in to learn more about how strategic partnerships can provide access to new customers, expertise, resources, and collaboration opportunities.

Timestamps:

[00:01:11] Characteristics of Strategic Partnerships. [00:04:03] Different perspectives in partnerships. [00:07:11] Developing trust in partnerships. [00:11:45] Collaboration and communication in business. [00:15:02] Roles and expectations in partnerships. [00:17:08] Church split over carpet color. [00:20:09] Challenges in business partnerships. [00:23:45] Identifying growth opportunities. [00:27:30] Delegating in strategic partnerships.

Find business tips, tools and more online: https://www.businessaccelerationplaybook.com/