By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Start Your Business Magazine
  • Topics

    Grow, expand and leverage your business..

    Grow your start up business with our experts and industry insiders…

    Get Started

    Quick Links

    • Finance
    • Marketing
    • Technology
    • Business Books
    • Wellness
    • Interviews
    • Franchise

    Our Newsletters

    Our website stores cookies on your computer. They allow us to remember you and help personalise your experience with our site..

    Read our privacy policy for more information.
  • Trending
    TrendingShow More
    Communicate Better
    Start Your Business Start Your Business
    Majority of UK Employees Looking for a New Job
    Start Your Business Start Your Business
  • How To
    How ToShow More
    5 Traps To Avoid When Starting A Clothing Brand
    Start Your Business Start Your Business
    How To Start A Maintenance Business In 8 Easy Steps
    Start Your Business Start Your Business
    Tips for Running a Restaurant in the Most Efficient Way Possible
    Start Your Business Start Your Business
    Becoming self employed…
    Start Your Business Start Your Business
    Vet Start up
    Start Your Business Start Your Business
  • Agenda
    AgendaShow More
    5 Business Tips For Opening A New Office
    Start Your Business Start Your Business
    How Design And Decor Can Boost Your Customer Experience 
    Start Your Business Start Your Business
    Easy Ways to Fireproof Your Small Business
    Start Your Business Start Your Business
    The Importance Of Accountants For Your Business
    Start Your Business Start Your Business
    How Online Coaching Can Help You Reach New Heights in Your Business
    Start Your Business Start Your Business
Reading: Business Partnerships
Connect
Start Your Business MagazineStart Your Business Magazine
Aa
  • Contact
  • Blog
Search
  • Agenda
  • Blog
  • Finance
  • Growing
  • Marketing
  • Opportunity
  • Starting Up
  • Technology
  • Wellbeing
  • Contact
Have an existing account? Sign In
Follow US
  • RSS
  • Terms And Conditions
  • Privacy Policy
  • Contact
  • Licensing
Copyright © 2014-2023 Ruby Theme Ltd. All Rights Reserved.

Business Partnerships

Start Your Business
blog
Share
4 Min Read

What Defines The Ideal Business Partner?

Together, we are stronger. Yet, establishing your criteria for a successful partnership on togetherness only isn’t sufficient or sustainable in the long term. In a post-pandemic world, companies need to consider how partnerships can support their vision in a changing economy. The pandemic has contributed to a radical shift in priorities, encouraging businesses to build an engaging, savvy, and caring presence. So where does your partnership strategy fit into this new world?

Contents
What Defines The Ideal Business Partner?Green partnerships are a priorityDigital awareness and experiencePositive digital transformationsPeople-focused strategies

Buzzwords such as financial backup, company culture, complementary skills are going to remain relevant in the future. However, they alone cannot tell your next partner success story. Together, we can only be stronger if we walk the same path to support both our teams and customers. 

Green partnerships are a priority

Lockdown and self-isolation restrictions have driven the need for telework arrangements. As a result, cars have remained parked on the side of the house for an extended period of time. The first months of the pandemic in 2020 have demonstrated the role businesses play in the environment. Entrepreneur Dee Agarwal argues that green initiatives need to include the development of partnerships with companies that can support your environmental commitment. It’s not a matter of going green in-house, but of delivering market-ready green solutions together. The resulting relationship must encompass green operations throughout the production process, from the moment the idea arises to the delivery of the final product or service. It makes no sense planning eco-friendly decisions in-house when the benefits are cancelled by your partnership. 

Digital awareness and experience

The digital workplace is the new normal. However, it’s not been easy for every company to transform work processes overnight. While we still have a lot to learn to make remote workplaces work, working with a partner who appreciates and understands the challenges of home working can remove many frictions. The surge in home-based offices is blurring the lines between everyday life and work, as video calls can give insight into coworkers’ house life. From hearing children on calls to introducing flexible hours for out-of-work needs, the digital workplace changes work habits. Therefore, a partner who can adapt to these challenges and transformations is an ally for growth. 

Positive digital transformations

As mentioned, the pandemic has driven digital needs. But the digitalization of business processes also requires digital transformations. In the UK, 74% of businesses have acknowledged that the pandemic has exposed unexpected gaps in their operations and processes. Going forward, companies need to make IT investment and strategies a priority. It makes sense to reach out to a partner who is also going through the motion of implementing digital initiatives.

People-focused strategies

The post-pandemic business environment needs to accommodate heightened emotional states. For employees, working during the covid-19 crisis has caused elevated stress anxiety, and overall mental fatigue. While partnerships are designed for mutual growth, it’s essential for partners to consider how it will affect their teams. Putting people at the heart of your partnership is about addressing the emotional and psychological needs that arose during the pandemic. In other words, you can’t afford to increase workload to meet the partnership goals without looking after your teams. 

The ideal partner understands where your business stands in a post-pandemic economy. Understanding the technical, environmental, and HR issues caused by the health crisis creates a solid platform for mutual growth.

 

TAGGED: header

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Start Your Business January 20, 2021
Share this Article
Twitter LinkedIn Reddit Email Copy Link
  • RSS
  • Terms And Conditions
  • Privacy Policy
  • Contact
  • Licensing

Get the latest from us delivered straight to your inbox

Start Your Business Magazine: The Ultimate Business Start Up Guide provides information advice and guidance for entrepreneurs and new business start ups. Get the latest from us delivered directly to your inbox.

Our website stores cookies on your computer. They allow us to remember you and help personalize your experience with our site..

Read our privacy policy for more information.

Copyright 2023 Gambit Interactive Media Limited – All Rights Reserved.

Manage Cookie Consent
We use technologies like cookies to store and/or access device information. Cookies are used for ads personalisation We do this to improve browsing experience as well as show personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}
Join Us!

Sign up to our free newsletter and never miss a hot topic!

Zero spam, Unsubscribe at any time.
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?