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Importance of Business Development

Elements of Successful Business Development
How Can Business Guidance and Assistance Pty Ltd Help with Improvements


Elements of successful Business Development

Business Development involves nurturing a business and its elements through change. Business Development expertise is required:
  • To grow an idea into a viable business venture.
  • When an existing business is to change or expand its mode of operation.

For Business Development to be successful, four fundamental elements need to be considered and addressed.

1. Generate a Strategy based on the owner’s required business performance and goals.
2. Review, Analyse and Plan Markets, and ensure the managed implementation of the Plan.
3. Review, Analyse and Plan Operations, and ensure the managed implementation of the Plan.
4. Review, Analyse and Plan Finances, and ensure the managed implementation of the Plan.

Each of these elements needs to be addressed by using a co-ordinated process irrespective of the size of the organization. It is rare that any of these four fundamental elements can be changed without effecting the others; each element is inter-dependent on the other. Business Development involves planning and managing these elements to ensure a complete approach to business growth, and achievement of the owner’s goals.



How Can Business Guidance and Assistance Pty Ltd Help with Improvements?

Business Guidance and Assistance Pty Ltd is available to help fulfil your business development needs by operating in either one or both of the following modes.
  • Guiding a business through tasks by giving advice and acting as a mentor to provide direction.
  • Assisting a business by undertaking specific tasks and imparting knowledge through practice.

A typical and often used mode of engagement is for clients to seek a combination of guidance and assistance to review, analyse, plan and implement Business Development.

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