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Small Business Tips

NMDC

Northern Maine Development Commission
Small Business Development Center

Tip #4

This Month’s tip comes from Debbie Metzler, Microenterprise Specialist. Based on her experience, Debbie finds the following factors are essential to the success of the partnership:

  • Mutual benefit must exist for all partners;

  • Honesty and a sense of humor are crucial;

  • Each partner must have a voice, vote and an opportunities to participate;

  • Involvement of the intended beneficiaries is important in order to better meet their needs;

  • Before accomplishing anything in the project, a trusting and noncompetitive relationship between the partners needs to be established;

  • Open and honest discussions about conflict must be encouraged;

  • An outside consultant may be necessary at times for providing neutral facilitation and taking the leadership role;

  • Partnerships change, as do the member organizations; a written memorandum of understanding is needed to protect the future of the partnership.

Past Tips:

Tip #1

Tip # 2

Tip # 3

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