Today I’d like to talk about the three keys to business development and how you can put the right bricks in place to build a solid foundation.
These are the main areas for a future business development strategy. So when done well the strategy for these three key areas will help you build a solid foundation for your future business. Let’s talk about each one of these in order
Innovation should not be confused with creativity, which is the expression of ideas. Whereas innovation is taking these ideas and putting them into action. This is where a large amount of your focus should be in the beginning and even throughout your entire business lifespan. So you will need to create an innovative process involving the people you value in the future growth of your business.
This, of course, refers to the numbers. We are talking about the value of your innovation and the best way to gauge this is by your customer response. If you look to the positive responses for what you are doing right and then keep on doing it. Also, don’t forget to look to your negative responses to find out what you’re doing wrong and then make sure you fix it. These actions completed regularly will enable you to keep growing and progressing to meet the needs of your customers and the ever-changing business climate.
Once you’ve had a chance to find what areas are working, you can narrow down those areas. So you can concentrate on making them your stand-out ideas. As when you shift your focus here you will get the most out of your business and be regularly meet the changing needs of your customers.
If you are inspired to develop an innovation strategy in your future business, we can help you work through these three areas. To get started and put together an action plan for your future business join us on our FREE Discovery Call.