Leveraging Strategic Partnership for Business Growth

What is Partnership?
A partnership business, is a type of business that consists of two or more people who combine their resources to form a business and agree to share risks, profits and losses amongst themselves. Common partnership business examples include law firms, physician groups, real estate investment firms and accounting groups.” https://www.americanexpress.com
Types of Partnership
• General Partnership
• Limited Liability Partnership
• Limited Partnership

What is Business Growth?
Business growth is a process that occurs when business owners, employees and outside factors influence the success of a company. A business is said to grow when it expands its customer base, increases revenue or produces more products and services for its customers and clients, which in return yields success to the company.
Every business man’s desire is to look for ways to expand their market share and increase revenue. Most companies often choose to implement specific growth strategies to advance their business. There are different strategies that aid the growth of a business in a company. Having knowledge of, understanding and applying these strategies can initiate company growth.
What is Strategic Partnership?
Strategic Partnership is a structure in which two businesses enter into an arrangement , which is mutually beneficial to them. It could happen between a start-up or a growth company.
The purpose of strategic partnership includes enhancing their offers and offsetting of costs. It adds value to their products or services by expanding whatever their offering may be:
TYPES OF ATRATEGIC PARTNERSHIP
Joint Venture
Equity Strategic Partnership
Non-equity Strategic Partnership
What are the Benefits of Partnering for Growth and Success in your Business?
 Combined clients from Partners can increase growth and business success
 Knowledge Expansion is gained from different Partners
 Enables you to develop strategy for growing your business
 Strengthens Business Connection
 It helps to generate more sales
 There is room for more Business Opportunities
 It gives room for generation of more business ideas
 It enables you avoid some common pitfalls by learning from other Partners
 you’ll have greater borrowing capacity
 Capital is combined and easy to establish
 It brings long term stability to the business
 Increase your lease of knowledge, expertise, and resources available to make better products and reach a greater audience.
 It increases client-base of the firm and also enhances the generation of more growth
 There is room for more Business Opportunities
There is room for more Business Opportunities
• Strategic Financial Partnership
• Strategic Marketing Partnership Strategic Marketing Partnership
• Strategic Supply chain Partnership
• Strategic Technology Partnership
• Strategic Integration Partnership