Ensuring there is a clear execution plan for the partnership in terms of key personnel, timing, resources, and how the partnership fits relative to each party's respective overall corporate strategy will setup the partnership for success.
Focusing your budget on your most expensive projects and finding partners who complement your strengths are just a couple of smart business strategies.
The companies parted ways under mounting competition, with OpenTable facing new rivals to its reservation business and Yelp dogged with questions about stalling growth.
Rarely do inventors and product creators possess the business skills necessary to launch a successful startup. That's why they need an effective parter.