Strategic partnerships are one-way businesses can create more value and stay afloat during the complex business environment caused by the pandemic. Building and managing dynamic partnerships is critical for success but can be challenging. Here are a few things to keep in mind as you look for strategic partnerships:

  • Choose partners that have clear growth ambitions as a business
  • Set clear objectives for the partnership and track progress against them
  • Analyze possible risks and identify ways to mitigate them
  • Seek training, coaching and mentorship to guide decision making

Focusing on these priorities will help you build partnerships that will thrive and create value for your business.

 

To access training on partnerships contact:

Stanbic Business Incubator Limited

Phone: 0312226700

Email: incubator@stanbic.com

 

The Stanbic Business Incubator Limited (SBIL) is a private company duly incorporated under the Laws of the Republic of Uganda. The Incubator started in 2018 as an initiative of Stanbic Bank to support and nurture SMEs to prepare for and harness business and growth opportunities.