The Worst Advice We’ve Ever Heard About Business Development

Business development is not an exact science. The very nature of business development makes it difficult to contain in a simple description of activities. Even the responsibilities of the position are not that clear cut. It is due to this lack clarity that a lot of people are being misled by misinformed people. There is a lot of bad advice out there. A little guidance sometimes is all that is required to help you identify bad advice. As a result, we decided to share the worst advice we’ve ever heard about business development.

The Top Three

  1. You do not need a business development person-Regardless of the stage in growth of the business every business needs someone looking into the development of the business. Admittedly hiring someone to do this is a bit tricky as previously mentioned. Sometimes business is just like a casino you have to take risk, that is why at Canadian Casino you are given free trials before playing for real money. It is important to get someone who will not overload your company with deals. Remember each stage of the business cycle has different development targets.
  2. Business development is the same as sales- Only people that have no idea what business management say this. Sales department is responsible for generating revenue. Yet, business development involves creating business “friendships” that allow the business to grow. Typical examples include making deals that reduce distribution cost or open up a new market.
  3. It ends when the deal is sealed– Far from it. The business development department needs to keep in touch with clients long after the deal is completed. Relationships are the key when trying to grow your business. The more relationships that you build the easier it will be to secure deals. Not all relationships should result in deals. It is essential to have the ability to distinguish between an opportunity and a distraction from a bigger opportunity.

Playing online casino games for a living is a better investment than attempting to run a business with bad advisors, visit https://www.topauscasinos.org for the best online casino games . By looking forward a business has a greater chance of survival. Especially in this age where one day you can be trendy and the next you are irrelevant.

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