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Business Development

Business Strategy Planning For the Future

Saturday, September 19th, 2009

The Importance of a Business Strategy.
Many business operators become so caught up in the day to day running of their business that they devote little time to considering their business strategy for the future. Yet putting a little time aside now can benefit your business significantly. While you're pre-occupied with the daily demands or minor crises of your business, things are happening in your blind spot! Advances are occurring in technology and your clients' demands for faster and more efficient service are increasing.Meanwhile, your nearby competitor may be busy developing a business strategy for the future, determined to climb over you to the top! A little business analysis and strategic planning now might help you take the lead.Do you want to remain competitive in your field? If you do, spend time on your business by analysing your current situation. Develop a business strategy and a technology strategy that will help your business grow and develop profitably as trends, technology and client expectations change.Analyse Your Business.
As you analyse your business and plan your new business strategy, you'll need to consider several aspects of your business. These should include human resources, technological assets and processes, advertising methods and the needs and desires of your clientele. Are you meeting your clients' expectations? Are ...

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Small Business Action Plan For First Time International Business Development

Saturday, September 19th, 2009

Adapting your business to a foreign country's culture, is not an easy process the first time you try. You will not be able to anticipate the stumbling blocks that would not happen 'back hone'. More importantly you will not know what you need to do to adapt yourself to the new challenges and tasks at hand. You will need to develop a Small Business Action Plan for your first effort with International Business Development.Are you a small business and want to develop your international business? Do you have a limited budget to develop your international sales? Do you already have domestic clients but are just starting to reach out to international clients?There are numerous strategies that exist to get you more international clients. A lot depends on your business and your commitment.
Here is an action plan to start your first international business development strategy:1. Internationalize your websiteIt is important to make sure your website is not pushing your international visitors away from you. Bad or non-existent cross cultural communication can easily do this.You can create a website specifically targeting an international audience, in your language. This is a business decision and will depend on the nature of your business and your clients. Companies in non-English speaking countries will often create an ...

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Why is Strategy Important in the On-line World?

Saturday, September 19th, 2009

"Learning is not compulsory... neither is survival." - W. Edwards Deming (1900 - 1993) US Business Advisor & AuthorThe vast majority of people doing business on-line are not thinking strategically. They are jumping from one interesting "opportunity" to the next. They buy the 'hot' product of the day, the product that promises 'instant riches', the product that says you can sit back and 'make money in your sleep'. Perhaps most fascinating of all is that they rarely even use what they have bought. They buy, put it aside, and move on to purchasing the next product, and the next, and the next.These people are easy targets. Savvy entrepreneurs know that all they have to do is put a good website up, get a group of respected 'gurus' to help promote their product, write a good sales letter, and sit back and watch their sales numbers climb. They know that most people are looking for the quick hit, the foolproof money-making method that will put them on easy street.The funny thing is; many of the folks who are selling these products are not inherently dishonest. They don't get up in the morning thinking of ways to scam people out of their hard earned money - but they will get it anyway.This will happen ...

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Business Planning – A Good Business Development Strategy is Crucial for Success

Saturday, September 19th, 2009

As part of my consulting practice, I read and review business plans written both for venture capitalists and for grant applications. The weakest part of every business plan is always how will the company get from today to "the dream" five years out.Usually, there is a pretty good description of what will happen in the next six months and a decent description of what will happen in five years, but there is nothing in between.Technical entrepreneurs have a good handle on what product development they need to do to get the product into a usable form. They understand the costs and the time involved. However, once the product is developed, they seem to be at a loss as to what to do next.The lack of a business development executive early in the process often leads to the product being developed in a vacuum. There is a bit of a chicken and egg problem here: start-ups don't feel like they can afford a business development person until they sell product and they can't figure out how to sell a product without business development.Also, I've noted that a number of engineer or scientist CEOs tend to discount the role of business development, as if the science behind the product is really what sells the ...

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Newsletters For International Business Development

Saturday, September 19th, 2009

As an international business developer, one of your primary concerns should be to use all available tools to build trust with your foreign prospects and clients.Most cross-cultural communication barriers are a direct result in lack of trust. So not only do you have to actively work on building trust building, you also need to highlight your current trust-building efforts and continually bring them to your clients attention.Building trust can seem vague. But it becomes easy when you learn that you build trust through clarity and consistency.This means you need to communicate clearly and consistently. If you are building a business you also need to be proactive in your communication.A Monthly NewsletterIt is no surprise that one of the oldest communication tools is also a good trust-building communication tool.Newsletters have been around for a long time. Although some people may think their market is tired of newsletters, market fatigue is usually not at fault.If you feel your newsletter is not working for you, your newsletter is probably not addressing a key element.Let's look at why a newsletter is a great tool for your international business development. This list will help you understand what needs to go into a good newsletter.Building Trust Through ConsistencyA newsletter gives you a tool to provide consistent information on ...

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More Strategies For Effortless Business Success

Friday, September 18th, 2009

You may have already my article Strategies for Effortless Business Success - with the emphasis on the word effortless. In this follow up article, I want to explore what I mean by success - because most "normal" people really haven't got the first clue what the word actually means in the context of their everyday lives. Bear in mind, of course, that normal people are technically insane - their subconscious mind controls them - not the other way around.Many people, when they first hear me say this, laugh at the notion - but, I can assure you, that it is no laughing matter, for it is the normal perspective on success that has brought the global banking system to the very brink of self-destruction. It is the normal definitions of success that has brought the auto industry to its knees, left ordinary people with unserviceable debt and made life so incredibly difficult for so many business people. So, before we go any further, let's understand that normal definitions of success simply won't do.A couple of years back, I asked a large gathering at a Chamber of Commerce business breakfast, if they thought that making abnormal financial gains and achieving abnormal business growth would be a good definition of success. Considering many people ...

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Online Business Development For Newbies

Friday, September 18th, 2009

Online business development doesn't have to be the domain solely of seasoned experts and professionals. After all, everybody had to start off someplace, and everybody was a newbie at some point. The people that continue to see success as time goes on are the people who understand the environment they are working in.They follow guidelines explain what has been proven to work and what has been proven not to work.  Successful online business owners are willing to take a few risks by trying newly established trends before they are fully mainstream. And they always take a look at their strategies and tactics for online business development to see what can be improved and what needs to be completely thrown out.To learn online business development you have to immerse yourself in it. You have to get out there and put up your website, and find out what works.  Don't be afraid to look around the web to spot trends or ideas. Take a look at your competitors' websites to see what they are doing. What seems like it works and what doesn't? What do the top sites in your niche or area of business all seem to have in common? Learn from these established sites to create your own unique feel, that incorporates ...

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Think Global, Act Now: Nine Steps to an International Marketing Strategy

Friday, September 18th, 2009

As technology breaks down geographic and cultural communication barriers, even small businesses can often tap into the global marketplace. If you think your business is too small to pursue international business opportunities, think again. Get a jump on those opportunities by following the 9 steps outlined below.Research
Unless you spend excessive amounts of time in foreign countries or soak up knowledge like a Jeopardy Champion, you're probably not able to make an informed decision about a global strategy without doing your homework first. Start with the low-hanging fruit: talk to your coworkers, peers, family and friends. Find out what you can about countries and markets with the greatest potential. Read relevant print and Web publications voraciously (I prefer eMarketer, Economist, Wall Street Journal and Yahoo! for general business and market research). Compile information about various opportunities and determine which markets have the greatest overall potential (in case you've been hiding in a cave, here's an emerging and growth market cheat sheet for you: China, India, South America, Russia and The Middle East).Build
Most small to medium-sized businesses do not have the resources on staff to undertake a global market strategy. Assuming there are sufficient opportunities abroad, it's time to determine how to develop appropriate resources (i.e. in-country sales and support, logistics and ...

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Business Development Tips For Speech Writing Business

Friday, September 18th, 2009

Speech writing is a creative task. Some people ignore this aspect and make it way too serious. Others will go way off the deep end the other way and not maintain a professional appearance. Both sides can be guilty of ignoring the importance or coupling a good product with the right marketing strategy and planning. Considering both the eventualities, this article throws light on a few tips for developing your speech writing business.• Get the message clear – Before drafting the speech, spend ample time with the client and make sure that you understand the core purpose of the speech. This objective must be outlined in your speech in a way that the target audience can easily understand.• Know your target audience – This might sound cumbersome but believe me it is not a very lengthy task. All you need is a quick overview of the external environment where the speech is to be given along with the regional characteristics of the population. For instance, a message intended for the poor and largely uneducated cannot revolve around difficult statistics or complicated scientific facts. On the contrary, the speeches drafted for a conference can certainly be a high-end product.• Couple with right supporting material – Visual aids and other such means of supplementary communication can add ...

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Business Development For Small Enterprises

Friday, September 18th, 2009

With anything that you do, it's important to establish a clear plan of action in order to assure a higher probability of success. The same rule applies to small businesses. Many enterprises have folded in less than five years because they did not start with a clear-cut plan that defines what they want to achieve. Operations suffered because the whole organization was not well-informed on what it is exactly they should be doing." Without a proper business development plan, you might as well be running your business blindly, which could be fatal to your investment.The winning edgeDuring the conception of the type of business that you wish to open, you will want to start with a clear definition of what it is exactly that you intend to offer your potential customers. For instance, if you want to open a bookshop, it's not enough that you have a basic overview of your operations - i.e. that you sell books and other similar supplies. You will need to provide a more specific definition of your business, identify your winning edge. What will set your small business apart from all other similar shops in the area? Surely, there are a number of bookstores in your locality so you will want to provide your potential consumers ...

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