If you rifle through a box of Lego blocks, you will find pieces with different stud configurations and colours. On their own they bear little meaning or context. However, if you are suitably skilled, you can combine these little blocks to create fantastic works of architecture. Consequently, your designs can become truly impressive.

Small businesses are like these Lego blocks. They share a simple and elegant idea that on their own they may appear trivial, but when combined properly, they can be formidable. Small businesses are self-sustaining and as such, there is also beauty in the idea of the economic freedom which it gives. However, many people do not realize that these small businesses can combine to form powerful conglomerates, joint ventures, or alliances capable of taking on large and ambitious projects.

For such combinations to happen, there are 3 simple factors to watch:-
a) Adopt a ‘win-win’ attitude. There is no point trying to exploit your alliance partners. It is not a zero sum game. Rather the objective is to hunt as a pack, so that the rewards are larger and can be shared around.
b) Have clear outcomes and rules which the group must agree to follow. These must be written down and signed.
c) Have clear rules on who is the project leader and how the rewards are to be shared.

VanillaLaw helps small businesses reach their fullest potential through collaboration agreements. Check us out at www.vanillalaw.com.sg