Gather support for your loan application

Posted by admin | Credit Score,Foreclosure,Loans and debt,Real Estate,Real Estate Advice | Saturday 17 April 2010 8:28 pm

Gather support for the partnership from the organization’s employees. Keep the employees informed about what’s going on and why it is occurring. Point out how the partnership will benefit the organization. Talk about how it will provide job security by increasing marketing capabilities, opportunities for product distribution, and technological innovation. The employees need to support the partnership for it to be successful.

Once the partnering team for the initial activity has been selected, it is important to choose an initial project that creates a win-win outcome for all parties and has a good chance of success. An example of such a project is one undertaken by the Public Works and Traffic Division of the District of Columbia. The city government was in a state of chaos. Among the more evident symptoms was its inability to replace damaged and vandalized parking meters within a reasonably quick time frame. The city was losing thousands of dollars a day in revenue since people couldn’t drop coins into the meters. In an excellent example of a public-private partnership, the district formed an alliance with Lockheed Martin IMS to remedy the situation.

Lockheed Martin IMS agreed to take over maintaining and replacing city parking meters. In exchange, the city agreed to give Lockheed Martin a percentage of the total revenue collected. Each party won. Parking meter revenue began to increase, and the city’s image began to improve as the public perception of meter care improved. Things looked less run-down and seemed better cared for. Lockheed Martin began to turn a small profit in the deal and was assured of continued city contracts.

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