Before you start engaging with companies you want to be clear on the BIG REASON WHY (BRW) you want to partner with them. What’s your charity’s goal and how could corporate partnerships help you achieve it?

This BRW should be emotive, brave and inspiring. For example, a hospice’s BRW could be, ‘in the next two years we will double the number of people we support so they can live their lives with dignity and peace’.

It’s important to be clear on your BRW from the start. By expressing it you will help to create a deeper connection with corporate prospects, which will mean you secure more and bigger corporate partnerships

Identifying your target companies will help you secure the partners that you want because they will deliver for your beneficiaries. It will also give you more focus so you don’t waste your time on companies that aren’t a very good fit for your charity.

You should aim to create a list of your top 20 corporate prospects. This will probably mean that you start with a long list of between 50 and 80 companies. I suggest you look at three criteria for identifying your top prospects.

1. Is the company a good fit with your charity?
2. Does someone in your charity have a contact in that company?
3. Does that company have the ability to make a meaningful contribution to your charity?

The companies that rank the highest for these three questions can then become your top 20 corporate prospects.

Companies can gain huge benefits from charities, such as greater awareness, increased trust and higher employee motivation. So charities have huge value to offer companies. The way to deliver that value is by giving them compelling opportunities.

Start by identifying areas of your work that companies are likely to find interesting. For example, a homeless charity may have a project that enables people to learn new skills so they can gain employment. This is very likely to appeal to companies because they understand the value of employment and it could offer some interesting volunteering opportunities for their employees.

The important step here is packaging. You need to package your opportunity so it’s inspiring, attractive and relevant to your target company. You should also give a choice of different ways in which they can get involved along with tangible business benefits.

Now you’re ready to start contacting companies and the objective is to secure meetings with your target companies.

The best way to secure meetings is through introductions or referrals. So you need to know someone who has a contact at the company. LinkedIn is really useful for seeing where you have contacts, so encourage all your colleagues and people you know to connect with you. It’s also worth doing lots of networking, especially at events where your prospects are likely to be.

Once you’ve secured the meeting, you need to ensure you are thoroughly prepared. This means finding out as much as possible about the company and the person you’re meeting. I recommend you make an extra effort to gather valuable insight on your prospect, because it will show in the meeting and will give you an edge on your competitors.

Your objectives for your first meeting are to:

1. Inspire them about your cause.
2. Build rapport.
3. Emphasise the fit between your two organisations.
4. Find out their objectives.
5. Agree to have a follow-up meeting.

So the first place to start is by telling them a powerful and emotional story about how your charity changes lives. When engaging corporate prospects you want to follow the NSPCC approach to fundraising, which is ‘open hearts, open minds, open