Business
Here’s How You Can Collaborate with Industry Giants
As a startup founder, you’re constantly looking for ways to accelerate your growth and make a bigger impact in your industry. One powerful strategy that’s often overlooked is collaborating with industry giants. While it might seem intimidating at first, partnering with established companies can unlock tremendous potential for your startup. Here’s how you can make it happen:
Recognize the Mutual Benefits
Collaboration between startups and big companies isn’t just a one-way street. While you gain access to resources, market reach, and expertise, industry giants benefit from your innovative ideas, agility, and fresh perspective. This symbiotic relationship can lead to faster innovation and greater market share for both parties. In fact, McKinsey estimates that connecting data across institutional and geographic boundaries could create roughly **$3 trillion annually** in economic value.
Identify Your Unique Value Proposition
Before approaching potential partners, clearly define what makes your startup special. What do you bring to the table that these industry giants don’t already have? It could be cutting-edge technology, a deep understanding of a niche market, or a novel solution to an industry problem. Highlighting your unique strengths will make you a more attractive collaboration partner.
Network Strategically
Attend industry events, conferences, and hackathons where you can meet representatives from larger companies. These gatherings are excellent opportunities to showcase your ideas, learn about potential partners, and start building relationships. Remember, 71% of leaders see a positive impact on employee happiness and satisfaction due to hybrid and remote work options, which can facilitate collaboration across organizations.
Prepare a Compelling Pitch
When you get the chance to present your collaboration idea, be prepared. Have a clear vision of what you want to achieve through the partnership and how it will benefit both parties. Be ready to discuss your startup’s achievements, your team’s expertise, and your long-term goals. Notably, 75% of leaders whose teams use AI say their teams collaborate better, which could be leveraged in startup-corporate partnerships.
Start Small and Build Trust
Collaboration doesn’t have to begin with a massive, high-stakes project. Consider starting with a smaller initiative to prove your value and build trust. This could be a joint research project, a limited market test, or a shared event. As the relationship develops, you can explore more significant opportunities. Research shows that team collaboration can result in a 41% increase in customer satisfaction, making it a worthwhile endeavor.
Be Open to Different Collaboration Models
There are various ways to collaborate with industry giants. It could be a strategic partnership, a licensing agreement, or even an investment in your startup. Be open to different models and choose the one that best aligns with your goals and preserves your autonomy.
Protect Your Interests
While collaboration is exciting, it’s crucial to protect your startup’s interests. Be clear about intellectual property rights, data sharing, and decision-making processes. Consider seeking legal advice to ensure any agreements are fair and beneficial for your startup.
Learn from Real-World Examples
Take inspiration from successful collaborations between startups and industry giants. For instance, Cisco partnered with smart-FOA, a Japanese IoT firm, to expand IoT solutions across global markets. Pfizer collaborated with BioNTech to develop a COVID-19 vaccine, combining BioNTech’s technical knowledge with Pfizer’s experience in development and vaccine rollouts. These examples illustrate how powerful partnerships can lead to groundbreaking results.
Embrace the Learning Opportunity
Collaborating with industry giants is not just about immediate business gains. It’s also an invaluable learning experience. Take advantage of the opportunity to understand how large corporations operate, build your network, and gain insights that can help you scale your startup. Notably, between 2019 and 2021, the use of digital collaboration tools increased by 44%, facilitating partnerships between startups and larger companies.
Maintain Your Startup Spirit
While working with larger companies, don’t lose sight of what makes your startup special. Your agility, innovative spirit, and willingness to take risks are valuable assets. Strive to maintain these qualities even as you navigate the complexities of collaborating with industry giants.
By following these strategies, you can unlock your startup’s full potential through collaboration with industry giants. Remember, successful partnerships are built on mutual respect, clear communication, and a shared vision for innovation. With 70% of employees believing that better collaboration can positively impact productivity and time savings, it’s time to take that bold step – your next big breakthrough might just come from joining forces with an industry leader.
Stay Connected
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Houston Strong Child Placement Agency, a minority-owned adoption and foster care organization, is actively involved in the legacy planning process alongside Mrs. Donna Marshall-Payne and her company Doing Far More LLC. Their participation highlights how legacy planning extends beyond financial assets to encompass emotional security and generational impact for families—especially those formed through adoption and foster care. These important insights were shared during an interview with Roselyn Omaka and further brought to the community at the Black Entrepreneur Tour’s Spring Formal, hosted by Doing Far More LLC, where the conversation focused on building lasting legacies for all families.
How the Agency Contributes
- The agency assists families and children in the foster care system to find permanent, loving homes, emphasizing the importance of family stability as a foundational part of legacy creation.
- Legacy planning, as discussed by Marlon Randolph (Director of Operations), is not just about material inheritance but also about establishing emotional security and leaving a lasting positive imprint for future generations—values that resonate deeply with both the agency’s mission and Mrs. Donna’s approach.
- Their involvement in events like the Black Entrepreneur Tour, where they connected with Mrs. Donna, demonstrates a shared commitment to community impact and education around legacy planning.
Why Adoption Agencies Matter in Legacy Planning
- For adoptive and foster families, legacy planning includes preparing for the emotional and financial future of children who may have experienced instability, ensuring they are supported and secure even after the current caregivers are gone.
- The agency’s leadership, with experience in both social work and hospice care, advocates for comprehensive legacy planning—incorporating life insurance, emotional well-being, and continuity for children and families.
Collaborative Community Impact
- The collaboration between Doing Far More LLC and Houston Strong Child Placement Agency exemplifies a holistic approach to legacy planning, combining financial planning, emotional support, and community engagement.
- By involving adoption agencies in the legacy conversation, Mrs. Donna expands the definition of legacy to include the creation and nurturing of family bonds, not just the transfer of wealth or assets.
“That legacy piece is establishing yourself but then also establishing the generations that come behind, whether that’s from a position of life insurance, emotional security… all those different elements that bring that comfort to your loved ones when you’re no longer here and leaving your fingerprints and your footprints even when you’re gone.” — Marlon Randolph, Houston Strong Child Placement Agency
Houston Strong Child Placement Agency is directly involved in legacy planning by ensuring that foster and adoptive families are equipped to provide lasting security and support for children. Their collaboration with Mrs. Donna Marshall-Payne and Doing Far More LLC underscores the importance of integrating emotional, social, and financial planning to create enduring legacies for all types of families.
Connect with Doing Far More LLC for legacy planning:
📞 832‑745‑1114 | ✉️ info@doingfarmore.com | 📱 Instagram: @doingfarmorellc | 🌐 www.doingfarmore.com
Connect with Roselyn for PR:
✉️ Roselyn@bolanlemedia.com | 📱 Instagram: @bolanlemedia @RoselynOmaka | 🌐 www.bolanlemedia.com
At Doing Far More LLC’s Black Entrepreneurship Tour, Roselyn Omaka of Bolanle Media sat down with Hattie M. Banks, founder and CEO of B’Elite Hand Rolled Cigar Service, for a conversation that blended luxury, culture, and legacy. As one of the few Black African American cigar rollers in the industry, Hattie shared how her business is redefining elegance, offering bespoke hand-rolled cigars for weddings, corporate events, trade shows, and private celebrations.
During the interview, Hattie spoke about her passion for the art of cigar rolling and what sets B’Elite apart: “I specialize in the art of rolling cigars. I’m a bit of an anomaly because there aren’t many Black African American cigar rollers, so I consider myself special.” Her presence at the tour was inspired by the chance to connect with other entrepreneurs and to bring awareness to the importance of legacy planning, a theme central to Doing Far More’s mission.
Hattie emphasized that legacy planning is about making sure your affairs are in order so loved ones don’t have to face unnecessary stress, especially during difficult times. She encouraged others to embrace these conversations and highlighted how events like the Black Entrepreneurship Tour help bring visibility and support to small businesses and cultural traditions.
B’Elite offers immersive, hands-on cigar rolling experiences, from VIP packages that include luxury accessories and bourbon pairings to live rolling for events, all crafted for those who expect nothing less than the elite. Hattie’s story is a testament to the power of passion, representation, and planning for the future.
Watch the full interview with Hattie on Bolanle Media’s YouTube channel (@bolanlemedia)—like and subscribe for more inspiring stories. For more on B’Elite Hand Rolled Cigar Service, visit their website or connect for your next event.
The Black Entrepreneur Tour: Spring Formal, hosted at The Grand UpperRoom in Katy, TX, was more than just an event—it was a powerful reminder of what it means to build and protect a legacy in Houston’s Black community. This impactful gathering was made possible entirely by Doing Far More LLC, led by the visionary Mrs. Donna Marshall-Payne. Her passion and dedication brought together entrepreneurs, visionaries, and families for an afternoon focused on real strategies for generational wealth, with a special emphasis on the often-overlooked role of real estate in legacy planning.
Roselyn Omaka from Bolanle Media and Mrs. Donna Marshall-Payne from Doing Far More LLC
The Meaning Behind the Movement
Legacy planning is about more than passing down money or a business. It’s about ensuring that the values, stories, and assets you’ve worked hard to build will continue to benefit your family and community for generations. As Mrs. Donna shared, “It’s not just about what you leave behind—it’s about how you set your loved ones up to thrive long after you’re gone.” The event created a safe, celebratory space for guests to share their personal journeys, challenges, and triumphs, making the experience deeply meaningful for all who attended.
The Real Estate Advantage
One of the most impactful topics discussed was the role of real estate in legacy planning. Real estate is more than an investment—it’s a cornerstone of generational wealth. By securing property, families can:
- Build equity that appreciates over time
- Provide stable housing or rental income for future generations
- Avoid the pitfalls of probate and family disputes through proper titling and estate planning
- Anchor a family’s presence and influence in their community
As highlighted during the event, many families lose valuable real estate due to lack of planning, leading to unnecessary legal battles and the loss of generational wealth. Mrs. Donna and her team emphasized the importance of proactive steps—like creating wills, trusts, and clear succession plans—to ensure that homes and properties remain assets, not burdens, for those left behind.
A Conversation That Matters
A highlight of the afternoon was the video interview with Roselyn Omaka, Founder and CEO of Bolanle Media. Sitting down with Mrs. Donna, Roselyn explored the deeper significance of legacy planning and how real estate can be a game-changer for Black families and entrepreneurs. Their conversation brought to light the urgent need for education and action, inspiring attendees to think beyond immediate business success and focus on long-term impact.
A Community United by Purpose
The Spring Formal wasn’t just about information—it was about inspiration and connection. Guests shared personal stories, learned from experts like Brittany Hall, owner of La Lutte Empire; Marcus Bowers , CEO of She’s Happy Hair and Cinema Anywhere Houston; and Martel Matthews (Black Wall Street and Trustavio), and left with practical tools to start their own legacy planning journeys. The event’s unique “pre-planning party” atmosphere turned a traditionally somber topic into a celebration of life, family, and future possibilities.
Stay Connected
Families looking to keep up with Mrs. Donna Marshall-Payne and Doing Far More LLC can find resources, events, and one-on-one support through their website, social media, and direct contact. The movement continues, and everyone is invited to be part of a legacy that uplifts, protects, and empowers the next generation.
This entire impactful event was brought to you by Doing Far More LLC—Mrs. Donna Marshall-Payne’s vision and leadership made it all possible.
Contact Mrs. Donna Marshall-Payne & Doing Far More LLC:
- Phone: 832-745-1114
- Email: info@doingfarmore.com
- Instagram: @doingfarmorellc
- Facebook: Doing Far More LLC
- Website: www.doingfarmore.com
Let’s do far more—together!
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