Are you looking for new ways to grow your business? Entering into strategic partnerships can be a low-cost and low-risk way to see your business expand like never before. But what are strategic partnerships, and how could they help drastically improve your business's growth potential?
A strategic partnership is a formal alliance between two business entities, with terms and expectations clearly defined in a contract. Partnerships are formed by businesses with complimentary resources, allowing partners to obtain new assets without having to develop them in-house.
