Having strong partnership can make a tremendous impact on your business. If it’s a good partnership, it can scale your company to new levels. If the partnership is bad, it can cost you valuable time and money. The main reason for this is that each company has different types of partners and different requirements for each partner. Yet, there are many things that are common to successful partner relationships such as communication, relationship building, trust, transparency & mutual interest. Here are some tips to help make sure you are on the right track to building a successful partnership.

• Create a Shared Partnership Vision and Roadmap
• Be Transparent
• Know Your Partner’s Strengths and Weaknesses
• Communicate Effectively
• Know When to Say Goodbye