Drone Business | How to Form Business Partnerships

Today’s question is about the Pros & Cons of forming business partnerships in your drone business. How do you protect yourself, especially if a business partnership goes sour?

Our caller, Ana, a drone business owner is wondering if she can potentially partner up with other drone service providers and surveying companies to grow her drone business. Cautiously optimistic in her approach, Ana is well aware of the negative repercussions in case she ends up partnering with the wrong person/business.

Great question, Ana. It would be a colossal mistake to form business partnerships without formal contracts and iron-clad revenue sharing agreements. But, how do you vet a potential partner, and work with someone who is in perfect alignment with you? Can a drone service provider expect to form synergistic business partnerships with traditional surveying companies, for instance? And, are formal business partnerships the only way of collaborating with other businesses?

This show will be particularly interesting to drone business owners with pre-existing business partnerships. Thanks for the great question. Fly Safe!

Make sure to get yourself the all-new Drone U landing pad!

Get your questions answered: https://thedroneu.com/.

If you enjoy the show, the #1 thing you can do to help us out is to subscribe to it on iTunes. Can we ask you to do that for us real quick? While you’re there, leave us a 5-star review, if you’re inclined to do so. Thanks! https://itunes.apple.com/us/podcast/ask-drone-u/id967352832.

Become a Drone U Member.

Looking for simple, fast, and transparent coverage that gives you peace of mind? Our friends at Skywatch are offering affordable on-demand drone insurance that rewards YOU for flying safely. Check them out NOW! Both hourly and monthly options available.

Follow Us