One way that can be taken to accelerate the growth of startups is by working with established companies. By collaborating with other than the team can learn, in terms of a business startup can get experience about the market, users and other things. But this step is not easy. The biggest obstacle is convincing large companies to be prepared for fairly new startups. Consult your startup business with the Loyalty Program to find the best solution. The following are tips for startups who are planning to work with large companies.
– Determine your goals for cooperation
Establishing a partnership just to collaborate without direction and goals will only waste your time. You must determine what the goals and benefits of cooperation are for your business.
Before even deciding to look for a company that you are working with you must define the needs that you want to be met after the collaboration. This can help you ensure that the collaboration does not benefit one party.
– Know exactly what you will give and what you will get
Most startups are born to solve problems. Giving birth to a solution that continues to be developed to solve the problem as much as possible which would certainly be more complex. Working together with other companies or organizations also brings new problems to be solved.
Maybe you can take a session with your team to look at the needs and get other broader insights about the problems so that later you can consider whether to collaborate or not.
– Looking for personal contacts from large companies
One thing that can be considered before establishing a partnership with a large company is to find a personal contact for one of them. Building friendships with one of them can make it easier for you to have a conversation and continue to maintain good relations.
When you have formed a friendship with them you can know the signs they want to work as a team or not. Openly with each other, the fabric of cooperation will be healthier and continue to strengthen business and common interests.
– Make sure to align goals
In business cooperation relationships it is important to align each goal. Although they have each target, one must be determined as a common goal, for example, facilitate users or provide extra services for each user. This is why it is important to be open and honest from the start when agreements are made.
As an entrepreneur, especially those who collaborate with other companies, of course, they must be patient and continue to establish good communication with their business partners. In addition to continuing to strive for good communication and patiently continuing to be a mandatory thing.
Partnering with a bigger company isn’t right for all startups. It takes hard work and cooperation, and lots of patience. However, working with a more established company can bring many positive things if done right.