Entrepreneurs tend to be self-reliant individuals. They have the incredible ability to manage, operate, and lead a business. However, the market changes, competitors enter, and new opportunities crop up. With these changes, it is expected that every company wants to grow and move ahead of their competition.
Many startup companies accelerate their growth by receiving funding venture capital organizations or other corporate investors. However, this is not the only model by which you can expand your business. Our recent experience with Hello Divorce has taught us that partnerships can become an effective way to speed up business growth.
Partnerships are created to reach new audiences and develop projects together. In other words, a partnership is just a fancy word of saying “collaboration that is mutually beneficial.”
For us, Hello, Divorce was the ideal partner. Our paths crossed when we were considering making divorce affordable and easy for Coloradans. Hello Divorce was already an award-winning startup that had so much experience with divorces in California. After several discussions, we knew that Hello Divorce was the perfect partner to complement our weaknesses while strengthening our company.
Erin Levine, CEO and Founder of Hello Divorce, had a great team of professionals that were open to work together and bring Hello Divorce to Colorado. We nicknamed this project, “Colorado Divorce.” Weekly Zoom meetings, several Slack channels, and countless emails were a part of this process. However, by partnering with Hello Divorce, we were working smarter, not harder.
When selecting partners that add value to your company or organizations to work with, we learn a few things. These are some of the lessons we learned.
Considerations for a Successful…Read More