DG2MARKET​

Daily Tip

What is Business Development for me?

To me is looking for new opportunities to build growth, looking for synergistic partnerships.

Business development is about creating opportunities! Marketing, establishing partnerships and relationship management are all tools for business development. It’s about discovering untapped markets that a company can serve.

 

What are the main concerns on Business Development for me?

 

Me and others, Business developers are asking themselves questions such as:

 

• Where else can we discover customers that we currently serve?

• What other verticals can our product/or service deliver its value to?

• What changes got to be made to the product/service to unravel other target audience’s problems?

• What needs do existing customers experience that the corporate also can solve with its core competencies?

What is necessary to do in Business Development for me?​

 

Develop your strategy, be clear what you want and how you are going to get it, do your current state assessment.

Set goals for what you want to achieve, define the work and timescales, plan and plan, measure progress.l

Present a clear proposal on the benefits to the client of your product or service.

Understanding your market/sector and the specific needs or problems faced within it.