As a small ambitious business, you’re thinking of collaboratively creating products, services, or solutions that can derive growth to the next level. You have realised that in order to materialize these goals, you have to have a reliable long term tech partner.
But how to get a partnership firm and the bigger question is how can we get these partnerships to work for the better?
We have learned at DevCrew that by following some simple steps you can establish a successful partnership. DevCrew is a Singapore based innovative tech firm that can supercharge your company’s future vision. It can translate your ideas into reality and revitalise the entire ecosystem from scratch.
Moving forward, here is how you can create a rewarding partnership:
(1) First figure out a crucial problem that needs expert attention:
Do you have some awesome apps in the app store or play store that need constant maintenance? Are you working on a super e-commerce platform that can revolutionize online shopping? Have you come up with an ingenious mobile app idea and now wanna get it developed? A tech startup can assist in providing all that is necessary to scale up masterfully.So, in order to succeed in the long run, first, figure out a deep-seated problem and then discuss it with your partner to find a solution. Partnerships can work when there is a common goal in front of both, so with mission spirit, both can find an intuitive way out.
(2) Explain the problem inside out to your partner:
This partner can only mobilise all needed resources and brainstorm a flawless solution if they know the bottlenecks crystal clear.
In case you get carried away and don’t explain what’s needed, the partner may pay attention and exalt areas that were not necessary in the first place. So active realtime conversation focused on the crux of the matter is needed to avoid all ambiguities.
(3) Be well-prepared to bridge the differences:
The most common mistake that companies make while partnering are assumptions based on cultural and operational stereotypes and narrow visions of the magnificent future.Steve Jobs famously said, “We hire smart people so that they can tell us what to do.” Likewise when you partner with a tech firm keep aside all your prejudices, assumptions, and narrowly decided pathways. Innovation happens in a dynamic environment so be well prepared to address profound knowledge gaps in values, cultures, operations, and workplace practices. You can only synergised relationships and achieve the desired outcome once you overcome the cultural and organisational differences.
(4) Write a contract that’s bound to succeed:
Often, while finalising partnerships companies fell into the argument of splitting the value that doesn’t even created yet. It marginalises the level of trust and undermines the whole project.
It is better to develop an initial contract that defines the minimum viable product. This MVP can chart out basic partnership roles, milestones, and contributions of both sides. After achieving those MVP objects both partners can agree on way to determine how to recoup investments. This way partners can move forward hassle-free.
Reframing all four above steps is a powerful sphere that must be considered. By simply adopting the mentioned steps you can strengthen your internal ecosystem and partnerships along the way on solid footing. It can help in reimagining and innovating employees, customers, and partners at large. Your business will re-emerge stronger, bolder, and richer than ever before.