According to Forbes.com, 90% of start-up companies often fail, and that one of the ways to succeed is to have a business partner. Having a co-founder in creating an organization usually develops accountability and versatility. The reason is that both individuals would see to it that the other party is putting in as much effort as the other. Although having an ally would also bring some cons in the fray, but the pros of including one significantly outweigh the difference. That’s why specific steps are available down below that would surely help anyone who’s seeking an associate to improve their business plan and grow the enterprise.
5 Steps in Writing a Partnership Proposal
Step 1: Do Research
Before a partnership could happen, the writer must learn first to know the possible company, organization, or individuals that will help significantly in this partnership. Researching the subject company (which is the potential business partner) is necessary to allow oneself not to push something that is not possible at the very least. Just like inviting the Coca-Cola company to a partnership about diabetes care would not only lead to an awkward reply from the company itself but also from the people, sowing discord in the process.
Step 2: Structure Correctly
The structure of the project or the partnership proposal is essential when it comes to attracting the reader to the plan. A mistake on this end could spell trouble and could make or break the cooperation. The arrangement includes the basis (achievements of the company), the need, and the benefits.
Step 3: Hook Them Up
Even before the writer can do some convincing, it is essential to establish both parties as equals and not just someone asking for help. The rule of equal exchange should be applied. In this way not only saves the other company from a sort of “bullying” the other party through influence, money, or experience. Through this, it’s going to be easy for both parties to voice out their concerns without constraints. So, hook them by showing how massive of a cake the company’s work is.
Step 4: Welcome the Partnership
Everyone dreams of being someone extraordinary, and on this part by allowing the opposite party to gleam of their importance is of the necessity. This would not only make them see their partnership from the strategic standpoint, but this entry could also rope the other enterprise upon the same strategy. Both parties will be on the same page.
Step 5: Reap the Benefits
Trade exists not because of some individual clemency, but because of benefits. The world revolves around this eight-letter word. We all desire benefits with growth in mind. The very reason for this proposal is because the writer wishes for expansion or innovation. Hence, to ultimately involve the other party on this deal, giving some benefits is a must. The benefits may include substantial cash rebates, growth potential, and economic expansion. Just be sure that at the end of the day, both parties can leave with a smile on their faces.
10+ Partnership Proposal Templates
1. Business Partnership Proposal Template
The Business Partnership Proposal Template(shown above) is an efficient-type of format for those companies that desire a partnership the soonest. This template could make your partnership contract fast. The details embedded within the pages of this sample could help anyone who needs one. Make sure to get that cooperation with the partner company quick. Download this template now!
2. Simple Business Partnership Proposal Template
This Simple Business Partnership Proposal Template is an uncomplicated format for those people who wants to do things efficiently. This template is available in regular formats like Pages, MS Word, and Google Docs. You can use this either with a computer or through your mobile phone. Download this today and be more efficient than ever!
3. Restaurant Partnership Proposal Template
Consumable products are the best commodity there is. Hunger is an insatiable need, and that’s why eating never ends. That’s why owning a food business could sometimes be overbearing, especially to those individuals who are also managing it. For those people who gave up walking the road alone, partnering is a great thing! This Restaurant Partnership Proposal Template is just the perfect piece that could help them. If you are in the food industry, download this today!
4. Restaurant Partnership Proposal Template
This Restaurant Partnership Proposal Template is a format you can easily edit. It’s perfect for those who are seeking a new business partner agreement. Try this now. Click the download button to start!
5. Event Business Partnership Proposal Template
The Event Business Partnership Proposal Template could be your key to building that partnership and expanding your event business. With this template, you would surely feel the advantages of partnership agreements with other companies. Have pleasant cooperation, download this template today!
6. Free Media Partnership Proposal Letter Template
The media business is an expansive ever-thriving industry. With this in mind, a person alone through the waves of its influence could find oneself shaking. To answer this weakness, the Free Media Partnership Proposal Letter Template is available for those individuals that need a companion through it all. Download this today and make the business grow!
7. Free Strategic Partnership Proposal Letter
Strategy requires leadership, and leadership involves accountability. With this Free Strategic Partnership Proposal Letter, the day of walking alone is over. Complete your strategy proposal and send this letter. Click the download button to begin.
8. Free Partnership Proposal Letter
The Free Strategic Partnership Proposal Letter is a general all-purpose template that you can pull up fast. If you lack time and in need of a professionally structured model, look no longer and press that download button now!
9. QMF Partnership Proposal Sample
The QMF Partnership Proposal Sample is an excellent sample for business. This example details everything that might be needed to craft an superb partnership proposal; the benefits would surely capture those people who can see more than just the paper. Download this today!
10. Precision Business Summit Partnership Proposal Sample
This sample is a nonprofit business event. The Precision Business Summit Partnership Proposal Sample focuses on small businesses and makes them grow. Download this sample to check it today!
11. SLA ALS Partnership Proposal Sample
Although it’s written as a partnership, this sample shows you how to make it a sort of a sponsorship brochure also. The SLA ALS Partnership Proposal Sample is an excellent sample to help those nonprofit organizations their needed funds with a cheerful-hearted giver. Check this today, by clicking that download button.