Today we are talking about sponsorships, partnerships, and developing relationships with businesses. This can be uncomfortable for beginning nonprofits, but working with the business community is important to both the businesses and the nonprofits. In this episode, we talk about how to find partners, how to determine if a partnership is working, and the legal things you need to watch out for when navigating your partnership. 

In This Episode 

• 3:05 - How nonprofit organizations can get started with navigating partnerships
• 5:05 - Determining if a business would be a good partner for your nonprofit
• 9:44 - Approaching partnership conversations with businesses in your community
• 13:51 - The difference between sponsorships and partnerships
• 22:46 - Resources and people that the nonprofit will need in order to manage a partnership
• 28:17 - What to do when a partnership is not working out
• 31:21 - Everything you need to know about tax compliance when working with businesses
• 34:03 - Top 3 tips for building partnerships between nonprofits and businesses

3 Quick Tips On Building Relationships with Donors

1. Research the mission of the business and make sure it aligns with the mission of your nonprofit
2. Know what you need to get from the company as a nonprofit
3. Be willing to prove your worth to the company