Entrepreneurship & Digital Business · Intermediate level

Intermediate level · Module 4: Growing a Digital Business · Lesson 3 of 3

Partnerships

Grow faster by working with others.

In this lesson you will

  • Identify partnership opportunities
  • Agree clear partnership terms

Key concepts

complementary businessesresellersagreementstrust

The lesson

Partners can bring customers or capabilities: a tailor and a school, a food seller and an office, a reseller in another town.

Agree terms in writing: what each does, prices, payment and how to end the arrangement.

Start with a small trial and build trust.

Step by step

  1. List possible partners.
  2. Choose one.
  3. Draft simple terms.
  4. Plan a trial.

Practice activity

Propose a partnership for your business.

Expected result: A proposal with clear terms and a trial.

Check your understanding

  1. What should a partnership agreement state?

    Show answer

    Roles, prices, payment and how to end it.

  2. Why start with a trial?

    Show answer

    To build trust and test the arrangement.

Taught live by an instructor — online or in person. Free course lessons are for self-study and do not lead to a certificate — see registration options.