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When partners enter a business at the outset, they are motivated and excited to embark on this exciting new adventure together. Initially, they agree on almost everything. These new entrepreneurs think they will be in business together for the rest of their lives or until they sell the company for untold millions of dollars.
They believe that nothing can or will go wrong. They are so sure of each other that they never bother to get a written partnership plan. What could possibly go wrong in this scenario? The short answer is, "A LOT!"
The reality is that, despite dreams of longevity and unwavering trust, business owners' desires and expectations change over time. A written partnership plan can manage these expectations and give each partner confidence in the business's future. A written plan can serve as a safeguard that protects both the business venture and the investment of each partner.
Now, you might be thinking, “How to get an effective partnership plan in place?” The quick answer: Partnership Plan Templates.
Every business requires a partnership plan. Small businesses seek out partnerships more to achieve their goals and objectives. Building a strategic partnership is more complicated than creating a partnership document, but it is the first step toward action. SlideTeam’s partnership plan templates maneuver your ship to the shore.
Let’s explore these!
Template 1: Vendor Strategic Partnership Engagement Plan
Get this Strategic Partnership Plan PPT Template and deliver an impactful presentation to your audience. Its layout is divided into four sections, each describing a critical aspect: Plan, Analyze, Identify, and Act. There’s a specified section for review to ensure you have that extra cushion to make amendments, wherever necessary. Get this template now.
Template 2: Strategic Partnerships Event Planning Service Company Profile PPT Template
This PowerPoint Template works wonders when you want to explain the role of strategic partnerships within an organization. It has ample space to highlight points you want to deliver in your presentation. You can use its standard layout to emphasize key details, including partner location, services they monitor, objectives, and more. Download it now.
Template 3: Internal Communication Plan For Partnership Firm
The importance of proper communication in the successful accomplishment of business objectives can’t be overstated. With SlideTeam’s handpicked internal communication plan template, you can enjoy the convenience of an uninterrupted flow of information across departments in your company. This plan layout describes:
- Reasons for communication
- Communication activity
- Communication channel
- Audience
- Timing
- Individual responsible
- Comments
Download now.
Template 4: Marketing Campaign Initiated by Partnership Timeline
Build a weekly timeline for your marketing campaign using this fantastic PPT Template. Till the campaign goes live, you can include and track KPIs to ensure your effort is successful. Here, there are some predefined parameters that you can use: Target mapping exercises, Prepare brands and categories, Assign partner roles, risk register update, Negotiation and recruitment, and Activation and management. Download it now.
Template 5: Global Partnership Management for Planning and Communication
Global partnership management is a painstaking task that can be made easy with our exemplary template. It has a unique framework that explains key insights encompassing the five stages, namely: Prepare, Share Knowledge, Plan, Execute, and Achieve Results. Being 100% editable, you can tweak the design and include points in this template to serve your purpose. Download it now.
Template 6: Six Months Teamwork Partnership Strategy Roadmap
Teamwork is the key to success! We know you would have heard this phrase at least a million times, but it doesn’t take away even a slight bit of truth. Build a six-month teamwork partnership framework using our exceptional PowerPoint Template. It highlights the team member and phases spread across a month-wise timeline. The phases include:
- Develop partnership strategy
- How the partnership will operate
- Ensure stakeholder support
- Resource allocation
- Execution
- Review the partnership development process
Download now.
Template 7: Five-yearly Teamwork Partnership Strategy Roadmap
With a similar design to the previous template, this template accelerates the process of building a five-year teamwork partnership strategy roadmap. It has some predefined phases which you can change to suit your business requirements. You can present it to higher management to get their approval on the partnership roadmap you are long working on. Get it now.
Template 8: Planned Partnership Strategy PPT Template
If you need a pre-built framework for drafting a planned partnership strategy, this is the perfect piece for you. Its layout is designed into five stages that you can use to explain critical insights that underline your strategy. You can also use it to highlight KPIs as well. Get it now.
Template 9: Strategic Partnership Showing Teamwork
‘Strategic partnership’ is a complex subject that commands resources to spark clarity in your audience. Lucky for you, SlideTeam has prepared this template that touches every essential parameter that encompasses it. This template highlights the points of collaboration, teamwork, strategy, plan, performance, and success. It is a roadmap with checkpoints you need to surpass to foster better partnerships within your organization. Download it now.
Template 10: Partnership Action Plan PPT Presentation
A partnership action plan boiled down into three stages! Hard to believe, isn’t it? SlideTeam presents a PPT Template that displays a layout that does just that. It has three levels: Action, Planning, and Partnership. The idea behind these stages is, you have to define relevant actions to ensure your organizational plans aren’t affected. Doing so will ensure there’s a more inclusive partnership forging in your company across departments. Get it now.
Conclusion
Partnerships are critical to the success of any business. Merchants and traders have used the principles of strategic partnership to conduct their businesses since the genesis of trade and commerce; the trend continues today.
A partnership can take many forms, from business owners working together to invest in a project to firms sharing technical knowledge and ideas. Whatever a company does, finding the right partnership plan template that benefits both parties is critical. (And that’s why SlideTeam has put together this list of top 10 partnership plan templates!)
FAQs on Partnership Plan
What is a partnership plan?
A partnership plan is a way two or more parties in a business agree on conducting the venture together. Each party takes different functions to perform, helping the business run more efficiently. This plan is documented in the form of an agreement. This document lays down the ground rules on how the partners will handle business responsibilities, ownership and investments, profits and losses, and company management.
While "partners" usually refers to two people, there is no limit to how many partners can form a business partnership in this context.
How do you create a partnership plan?
When forming a business partnership, it is critical to draft a partnership plan contract that outlines all of the terms and conditions of the professional relationship. Your business partnership plan should include a list of all partners and should address the following issues:
- Name of the partnership
- Partnership goals
- Partnership duration
- Contribution amounts of each partner (cash, property, services, future contributions)
- Each partner ownership interest (assets)
- Management roles and terms of authority of each partner
- Accounting obligations
- Distribution of profits and losses between the partners
- Salaries, work hours, sick leaves, and vacation times of each partner
- Permissions and restrictions on any outside business activity
- Buyout options of partners
- Process for adding new partners or removing original partners
- Terms and conditions of termination of the partnership
What are the stages of partnership?
Here are the five stages of partnership:
Stage I. The Singles Stage (Non-Partnering)
Stage II. The Searching Stage (Pre-Partnering)
Stage III. The Courtship Stage (Active Partnering)
Stage IV. The Bonding Stage (Consolidated Partnering)
Stage V. The Commitment Stage (Going to Scale)
What are the 5 principles of partnership?
There are five basic tenets that work together to form a framework for establishing a solid foundation for effective business relationships.
These are:
- Trust
- Shared knowledge
- Innovation
- Agreed Goals
- Balance of return
While some of these are easier to quantify than others, each has a significant impact on the partnership's strength.
