Research tells us is that when comparing minority owned businesses to business as a whole, there are gaps in three areas: Management education, Money – or access to capital, and Market access – access to customers and clients. They are not part time consultants and not ‘between jobs.’ Their expertise is born of long term work and effort, and it is displayed in the service they provide you. I will address the specific how-tos in the upcoming posts on how to be smart about the way you are spending the business development money, and by implementing the right controls – so stay tuned.
I have identified 5 of the most common unproductive business development practices. I hope this has been revealing and at the same time encouraging that you can build a successful Business with an effective business development strategy. You may find that Business Development Strategies outlined herein may be relevant to you today.
Ringer is an author, business strategist and semi self-help guy who’s read a LOT of Ayn Rand, and whose basic outlook is a kind of hybrid between objectivism and serious, hard-core conservatism. At the very least,set aside 1-2 hours each week to work on your Business in the areas you have identified as priorities to help improve your Small Business Management.
If yes, please send a short email to jobs @ this domain telling us about yourself and attach a résumé. Their role is to identify companies that have synergistic business models and would complement the host company. Moreover, the job of a business developer is highly cross functional, as it requires collaboration with various internal and partner-company teams such as sales, engineering, and marketing to ensure that a deal is consummated.
When you think about the function of business development, it should be thought of as a marketing function. Business development teams, on the other hand, are typically very small, maintaining their small size by working through existing partner infrastructures.