Strategic Alliances

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Feb 6, 2007 12:01 pm

I am still in training and I have come across "Strategic Alliances" in my training module and I wanted some feedback on some personal results and affiliations.  Do some of you have alliances strictly for business?  In something you have no interest in just to meet people?  What alliance have you found to be beneficiary?  How time consumming are these alliances?  Is this just thrown in a part of your "work week"? 


The ideas I had for an alliance are the Home Builders Association (I have some ties to some builders) and possibly coaching a hockey team (I played semi-pro in the area and it is an expensive sport), any other ideas and advice would be appreciated.


mooose

Feb 6, 2007 12:59 pm

Those are both good.  I belong to a "hot rod" classic car club and am a board member on an economic development non profit organization.  It is good to develop personal and professional relationships with attorneys, CPAs, bookkeepers and educators.  I like to volunteer my time twice a year to be a guest teacher in the high school Consumer Math Class.  I talk about investing, credit, budgeting and loans.  Its a real kick in the pants to deal with the kids.  From these classes I have gotten parents of students, students and teachers to invest with me.


One piece of advice is that if you are going to join a club or organization (Rotary, Chamber of Commerce etc.) you need to do it because you want to and not just to mine prospects.  The people in these organizations will sniff you out as a phony if you are not serious about participating in their activities.

Feb 6, 2007 1:11 pm
mooose:

I am still in training and I have come across
"Strategic Alliances" in my training module and I wanted some feedback
on some personal results and affiliations.


Where are you training at?


Do some of you have alliances strictly for business?  In
something you have no interest in just to meet people?  What
alliance have you found to be beneficiary?  How time consumming
are these alliances?  Is this just thrown in a part of your "work
week"?

You do these things as part of your development as a whole person.
If you act like a barnstomer, you will turn off large segments of your
potential market.


[quote]The ideas I had for an alliance are the Home Builders Association (I have some ties to some builders)[/quote]


Develop an alliance with local bankruptcy attorney's.


[quote]and possibly coaching a hockey team (I played semi-pro in the area and it is an expensive sport),[/quote]


Dentists and Orthopedists.

Feb 6, 2007 10:42 pm

reit,


intersting idea about bankruptcy attorneys... how exactly would you go about it as to what is hte mutual benefit, and how all to help their clients.... just can you please expand on it or share your experience with using bankruptcy attorney's as coi's.

Feb 7, 2007 5:06 am
MakakaFA:

reit,


intersting idea about bankruptcy attorneys... how exactly would you
go about it as to what is hte mutual benefit, and how all to help their
clients.... just can you please expand on it or share your experience
with using bankruptcy attorney's as coi's.





I was being sarcastic. Given the collapse of the housing bubble, the
best advisor most home builders could use is a bankruptcy attorney.

Feb 9, 2007 1:23 am

lol, but on the other hand, if you are starting out or even dont mind picking up a few smaller clients, or to get someone started.... bankruptcy attorneys may not be bad...



think of it, people who totally eliminate debt and now have free cash flow.... need education, protection.  maybe even a bit of creditor protection for assets.