Relationships Other Businesses for Success

Every business knows that in order to succeed in the world you have to,

• Keep costs to a minimum


• Increase revenue


• Keep a high reputation


• Retain an edge over the competition

Among these known essentials the true ability for these to be your goals you need a foundation. This foundation is derived from your relationships in which should grow to be a large as your business and beyond. Having more relationships than needed to survive is what allows the business to expand and become more profitable.

There are some attributes that need to be met on both parts of the relationship and both should portray the following,

• The relationship should be sustainable over a long-term period


• The relationship should be mutually beneficial to all parties involved


• Being commited to the success of the other


• Be able to contain quick and cost-effective dispute resolution mechanisms

Questions on how Trustworthy the other business along with your own in a relationship is just as important as making sure that you know the ability to keep one.

Questions could include:

• Does this business regard their business partners as trustworthy, ethical, loyal and dependable?


• Does my business do so?


• Are they coming through with their promises to other business relationships (do they keep their word)?


• What is there reputiation and how will it help benefit mine?


• Is the business fiscally sound in which they will be able to sustain the long-term relationship with my business and the community and there commitments to both?


• Does the business give back to those (the community) in which provide it with sucess?