Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. It is a subset of the fields of business, commerce and organizational theory. Business development is the creation of long-term value for an organization from customers, markets, and relationships. Business development can be taken to mean any activity by either a small or large organization, non-profit or for-profit enterprise which serves the purpose of ‘developing’ the business in some way. In addition, business development activities can be done internally or externally by a business development consultant. External business development can be facilitated through Planning Systems, which are put in place by governments to help small businesses. In addition, reputation building has also proven to help facilitate business development.
As you could see from this link: https://www.americanexpress.com/en-us/business/trends-and-insights/articles/8-tips-for-successful-business-development/
In any business, there are identifiable areas which hold hidden opportunities. Identifying the opportunities and implementing changes can dramatically impact medium and long-term growth. Our survey process will walk you through a thorough examination of the following areas of your business:
- Sales Strategy and Effectiveness
- Sales Management Process
- Customer Relationship Opportunities and Systems
- Marketing Strategy and Measures
- Collaboration Opportunities
- Vendor/Purchasing Methodology
- Goal Setting and Attainment
- Product & Service Opportunities
- Promotions & Events Potentials
- Pathways for Expansion (Build, Buy, or Partner)
- Planning for Medium-term and Long-term Growth
- Multi Location / Co-Op or Franchising Possibilities
- Organic Growth (Existing Market) Potential
At the end of the initial process, you’ll have a clear picture of specific areas of your business that may provide growth opportunities and changes that are needed to maximize efficiency, control cost, and prepare the way for growth in revenue and/or profitability. We’ll present this in a concise, written report and schedule time to discuss the next steps and ways that we can help you implement and measure the effect of the most important changes needed.
Initial costs are very affordable, even for small businesses. Contact us.
But before getting into an agreement, we research thoroughly which is completely without any fee. Write or call us with your product or proposal and we would take it forward.