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New business is a team game

If you’re responsible for creating new corporatepartnerships at a charity it can be quite a lonely experience. You’re expectedto conjure up partnerships from nothing and the new business target weighs heavilyon your shoulders. In the middle of the coronavirus crisis, because we’re allworking from home, these new business roles can be more isolating than ever.

Over the last two months, we’ve held over 90 freebrainstorms with charities on how to shift their corporate partnershipsapproach in response to the coronavirus crisis. One of the most importantmessages from these sessions, which keeps coming up again and again, is newbusiness is a team game. As Michael Jordan says, “talent wins games, butteamwork and intelligence win championships.”

Here are five important areas where we recommend you involveyour colleagues, so you get the support you need to succeed.

Discovering problems

Understanding the big problems that are preventing your charity from achieving its mission can really help create corporate partnerships. This is because you can take each of those problems to companies who are perfectly equipped to help you solve them, so they will feel compelled to partner with you. However, we speak with so many corporate partnerships professionals who tell us they don’t know what those big problems are. The reality is, they need their colleagues to share these challenges. For example, one of our charity clients discovered from a colleague that they needed food for their beneficiaries. On the basis of that conversation, they approached a company and that has turned into a new partnership. We recommend you ask to be involved in an internal working group so you can discover some of these compelling problems. If this isn’t possible you could organise a virtual coffee with colleagues who can help you find this information.

Partnership ideas

Creating an exciting idea that is tailored for your target prospect, dramatically increases your chances of securing a new corporate partnership. Have you ever tried creating one of these ideas on your own? It’s almost impossible because you don’t have anyone you can bounce your ideas off. But if you’re responsible for new business you might get yourself stuck, because you think that your colleagues are too busy to help generate ideas. And yet the truth is, they often want to be involved and getting buy-in at the start of a partnership idea is much easier than getting agreement at the end. Our recommendation is to organise a brainstorm and invite your colleagues. Get ready to be amazed by the quality and diversity of ideas you generate as a team.

Securing meetings

Securing a meeting is probably the most challenging and important step towards creating a new corporate partnership. You can try it on your own, by sending a cold email or giving them a call, but what if that doesn’t work? You could ask your colleagues, friends and contacts if they know anyone at the company because a warm introduction increases your chances of securing a meeting. If you’re unable to find someone who has a contact at the company, then you could brainstorm with colleagues to identify alternative ways to approach the company. Working as a team increases your chances of securing meetings. We recommend that you start by connecting with your colleagues, trustees and partners on LinkedIn so you can see if they have any direct contacts with your target prospects.

Prospect meetings

Early on in my career, I attended the majority of prospect meetings on my own. I thought it was much easier that way because I didn’t have to consult a colleague’s diary in before booking a meeting. I also thought I was saving myself time, because I didn’t need to brief someone else before the meeting. However, there was a pivotal moment when I was Head of Partnership Fundraising at Alzheimer’s Society when we decided to start involving colleagues from other departments in our prospect meetings. In particular, we involved colleagues from services, so they could give first-hand accounts of supporting people with dementia. This shift in our approach dramatically increased our success in securing corporate partnerships. Therefore, we recommend you involve other colleagues in your prospect meetings, particularly people from services or a senior colleague, so you can show the company how keen you are to partner with them.

Staying motivated

If you’re responsible for winning new business, it’s vital that you stay motivated and keep in touch with what’s possible. However, sometimes you get a “no” from a prospect or you can become despondent because results aren’t coming as quickly as you hoped. That’s when it’s really important to reach out to a colleague or someone in your network. In our experience, when you’re feeling low, conversations with others can be transformational. We’ve seen this in the brainstorms we’ve been having with charities over the last two months. One person said, “this is the best zoom call I’ve had since the start of lockdown.” Another said, “I feel hope for the first time in three weeks.” So we recommend you book in that zoom call or pick up the phone. Everyone needs a lift sometime.

We hope these examples are inspiring and useful to you. We know fromexperience that your new business success will increase when you involvecolleagues and work as a team. In other words, it's easier to create corporatepartnerships when we work in partnership with our colleagues - so go doit. Together.

Conclusion

Let’s build partnerships that your cause — and the world — actually needs.

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More than money – what to value in a corporate partnership

This piece is brought to you by a guest writer – Katherine Woods.  Katherine is the Partnership Development Lead at Action for Children and is currently setting up the charity’s first standalone New Business Team. Here’s what she had to say about the non-financial value your partners can bring:

I find the corporate-partnership world really exciting. It’s evolved massively over the past few years and continues to do so. Today, the most successful partnerships are multi-faceted. They have touchpoints across all aspects of the business. And they don’t simply rely on fundraising as the sole piece of activity.

Andy at Remarkable Partnerships asked me to outline what I see as the main non-financial benefits that a partner can provide. So here’s what I look at in partnerships:

  1. Reach

There is a reason that big consumer brands spend millions of pounds on advertising annually. Visibility is key.

But there are very few charities that have those kind of budgets.

Which is why a partnership can hold such great potential for a charity brand—from expanding your general reach to spotlighting your cause for targeted groups. Our development team, drawing from a consultant with prior campaigns in the privacy-centric online gaming space like the best no KYC casinos, has piloted anonymous donation channels that draw in tech-savvy supporters wary of traditional tracking. Whatever your organisation’s mission, these expanded visibility opportunities will advance it further. The more people recognize your brand and mission, the greater their inclination to contribute.

For example, we are incredibly lucky at Action for Children because our friends at FirstGroup are very generous with their advertising space. We are given huge amounts of visibility across their network. They enable us to publicise our key campaigns in a way that we simply wouldn’t be able to do without them.

2. In Kind

Back to the lack of budget. There are a range of ways that a company can help a charity plug the lack-of-budget gap by donating resource, such as event space or legal expertise. These are opportunities for the company to support you with the cause itself.

Not only does it help the charity, but it can give your partner’s employees another way of being part of the partnership that doesn’t involve them asking friends and family for money.

But! It has to really make sense. It has to be authentic. There’s nothing worse than trying to create an ‘in kind’ opportunity that doesn’t really work for both sides.

3. Network

Over the course of a partnership you have the potential to ignite a passion for your cause in people.

As fundraisers, we do a good job of telling people how amazing our charities are. Imagine if you had someone else doing that for you. A peer-to-peer introduction carries a lot of weight and can open doors, helping you achieve bigger and better things.

I’ve been incredibly fortunate to work with some very dedicated, passionate and influential senior volunteers over the years. They are often totally wonderful individuals and can be a huge asset to your organisation. Maximise this potential!

Overall, there is a huge amount corporate partners can do for you – so stop just asking for cash.

We love this piece from Katherine. Our view is that when you choose to focus partnerships on overall value rather than purely cash donations, you get more fulfilling partnerships for both parties. Equally, partnerships that begin with a non-financial contribution are more likely to succeed because they begin by focussing on solving problems, which is what they should be about.

If you have any comments or suggested comments for future blogs, we’d love to hear from you below.

This piece is brought to you by a guest writer – Katherine Woods. Katherine is the Partnership Development Lead at Action for Children and is currently setting up the charity’s first standalone New Business Team. Here’s what she had to say about the non-financial value your partners can bring:

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min read
Highlights from Anchors Aweigh: launch event

On the 1st of July, we were delighted to be joined by 80 professionals from across the charity and business sectors for the launch of our new research – Anchors Away: breaking free of the barriers to ambitious charity-company partnerships. We heard from four incredible speakers and had some great comments in the Zoom chat, and we’re proud to share some of the highlights.

Barriers from the company side:

Jenni Berkley, Communications and CSR Manager of Belfast Harbour, started the event by talking about the barriers to ambition she’s experienced in the corporate secotr

“The problem is short-termism. Many people want to see something good happen in their timeframe or tenure. Something good even if it’s not the right thing.”

“I must get around 20 letters a week from charities I’ve never spoken to or maybe even heard of asking for money. It’s incredibly frustrating – they may get £100 if they’re incredibly lucky, but there needs to be an understanding of how our partnerships operate.”

“Charity-company partnerships are like finding your life partner… right down to wondering if you like the same films. You need to be compatible with each other from the superficial details all the way through to sharing the same ethos. It’s up to the charity to demonstrate that.”

Barriers from the charity side:

Then Ghalib Ullah, Head of Commercial Partnerships, spoke about the barriers he’s encountered and overcome through his career.

“The biggest barrier is structural. Our budget works on a yearly basis, so we are pulled back to achieving short term income, rather than achieving our more ambitious goals. We need to work as a whole organisation to overcome this.”

“Another barrier is organisational buy-in. We went through a process of identifying who internally was key to our success as a team. We understand that we’re pitching internally as much as we are externally.”

“Corporate partnerships is still in its infancy. How to achieve strategic partnerships is not as well understood as how to secure major grant funding. It is essential we invest in training as a team and as individuals.”

Background to the research:

We then moved to discussing how the research came about, before discussing some of the key recommendations.

“We defined ambition as the desire to create the most social value possible, then looked at what held people back from pursuing ambitious partnerships in favour of things like Charity of the Year or sponsorship models instead.” – Ian McQuillin, Rogare

One of the main things we found was the collaboration continuum, which we have adapted from Austin and Seitinedi. You can see the model that explains levels of ambitions below:

“Charity-company partnerships can make great changes in the world, so it’s a missed opportunity to be anything short of as ambitious as possible.” – Jonathan Andrews, Remarkable Partnerships

The importance of seeking value beyond money:

“The fundraisers label can hold us back. We need to be corporate value raisers, not corporate fundraisers.” – Jonathan Andrews, Remarkable Partnerships

“There are so many different ways partnerships deliver value – which are easy to overlook if money is the only or main measure of success.” – Crispin Manners, Onva Consulting

“I would recommend starting to report on added value, where it exists, as well as income. Don’t wait to be asked to report on it, just send out the results and examples you have as part of your normal reporting so that it starts to become embedded and better understood.” – Sophie Powell-White, Great Ormond Street Hospital

The importance of having a partnership north star:

“It is important that your projects excite not only your corporate team but your partners – they need to visualise the potential impact they could have on the world.” – Ghalib Ullah, Parkinson’s UK

“All the team have in their heads. That when we go into a conversation with a company what we are looking for is that ambition at the top of our partnership model. Which is an ambition that only us and that company can achieve… If you’ve got that ambition then all the levers for change will naturally fall out of it because it is so strategic to both sides…. In three years’ time what would the Sun newspaper headline say [the partnership] has achieved?” – charity interviewee in the research.

To get your copy of the full report, download it here

On the 1st of July, we were delighted to be joined by 80 professionals from across the charity and business sectors for the launch of our new research – Anchors Away: breaking free of the barriers to ambitious charity-company partnerships. We heard from four incredible speakers and had some great comments in the Zoom chat, and we’re proud to share some of the highlights.

Stay Informed. Stay Remarkable.