Key partners

What partners does your business need?

Most businesses have partners because they allow companies to reduce risk, improve performance, and access resources. Who are your key partners?  


  • What partners are critical to your company's ability to create the value promised in the value proposition?
  • Key partners can include; distribution partners, suppliers, key hires, investors, producers, and ambassadors.


Four primary types of partnerships can be established with outside businesses: strategic partnerships between non-competitors, strategic partnerships between competitors, joint ventures, and buyer-supplier partnerships. 


There are three main reasons that businesses create partnerships: Cost and production efficiency, minimizing risk, and acquiring resources/activities. Is there a way that strategic partners could help you?


Write down the most significant partnerships your company needs to succeed. 


Up next

Cost structure

What are the most important things you need to spend money on to make your business successful?

Course content

Idea to business model
Idea to business model
Business Model Overview
Business Model Overview
Prototyping your business model
Prototyping your business model
Target Market and Customer Segments
Target Market and Customer Segments
Value proposition
Value proposition
Channels
Channels
Customer relationships
Customer relationships
Revenue streams
Revenue streams
Key resources
Key resources
Key activities
Key activities
Key partners
Key partners
Cost structure
Cost structure
Navigating Your Environment
Navigating Your Environment
Proving your business model
Proving your business model
What's next?
What's next?

Key partners

What partners does your business need?

Most businesses have partners because they allow companies to reduce risk, improve performance, and access resources. Who are your key partners?  


  • What partners are critical to your company's ability to create the value promised in the value proposition?
  • Key partners can include; distribution partners, suppliers, key hires, investors, producers, and ambassadors.


Four primary types of partnerships can be established with outside businesses: strategic partnerships between non-competitors, strategic partnerships between competitors, joint ventures, and buyer-supplier partnerships. 


There are three main reasons that businesses create partnerships: Cost and production efficiency, minimizing risk, and acquiring resources/activities. Is there a way that strategic partners could help you?


Write down the most significant partnerships your company needs to succeed. 


Up next

Cost structure

What are the most important things you need to spend money on to make your business successful?

Course content

Idea to business model
Idea to business model
Business Model Overview
Business Model Overview
Prototyping your business model
Prototyping your business model
Target Market and Customer Segments
Target Market and Customer Segments
Value proposition
Value proposition
Channels
Channels
Customer relationships
Customer relationships
Revenue streams
Revenue streams
Key resources
Key resources
Key activities
Key activities
Key partners
Key partners
Cost structure
Cost structure
Navigating Your Environment
Navigating Your Environment
Proving your business model
Proving your business model
What's next?
What's next?