A big challenge faced by small businesses is scarcity of resources. Larger businesses have substantial cash flow, numbers of employees just to name of few of the more critical resources a business needs to grow and be successful. If you are in business by yourself or you own a smaller business, marshalling those resources is critical and a high bar to hurdle.
That is why strategic alliances are critical to small business growth and success. In fact, strategic alliance is one of the “don’t leave home without it” factors of small business success. It is one of the fastest, most flexible ways to increase resources in your business.
Here is what I mean. Let’s say a financial advisor and CPA were to forge a strategic alliance in which the CPA scheduled each of their clients for a financial review session with the financial advisor to provide the CPA with a better understanding of their client’s total financial picture. As a result, the financial advisor instantly has an additional source of prospects and the CPA gains a greater understanding of their client’s total financial picture.
The possibilities of strategic alliances are limited only by your creativity and endless. Strategic alliances can be utilized to:
Strategic alliances are so important, I’ve figured out a way 100 Days to Abundance can be utilized to support strategic alliances among small businesses. Strategic partners can participate in 100 Days to Abundance at the same price as one person attending $349.00. That is the fee for one person attending and it is the same fee for 2 people from different businesses attending if they sign up at the same time. In fact 3 businesses can attend for a total of $349.00 and even 4 businesses can attend for a total of $349.00.
Have your strategic partners right there with you in 100 Days to Abundance so you can forge a highly effective strategic alliance build around the same prove concepts, strategies and tactics of small business success.
How have you utilized strategic alliances to increases your business’s capabilities and growth? Share with us in the Comments section below.