How to positively handled business sponsors

[cherry123]

You might be lucky to get some sponsors for your business. You have to work it out so that you would always have their backup all the time you need them

So how do you do it such that you continue to have their sponsorship


Try and give more than you take. The thing with sponsorships is that you should also assist your sponsors in whatever capacity you can. Don't just be all taking without giving.

Another is that you should continue to give Value after signing the deal

Allow your sponsors be part of the business in any little way

 

[Fidelia]

Allowing your sponsors to be part of the business is good but you don't need to allow them dictate to you in the business because you are the one that understands the business better.

 

[King Belieal]

Any issue in the business that might directly affect the sponsors should be clearly communicated and negotiated with the sponsors.

 

[Min George]

You need to keep the own side of the sponsorship deal by giving the benefits the sponsor needs.

 

[nomad]

It depends on what kind of sponsor they are, are they here to take profits as well?

 

[eldavis]

There needs to be a clear communication on what they expect from me, this way I would be able to know how to ensure our relationship goes smoothly.