Business is never good or bad, it has been always about changing the market trends and the needs of the customer. A business development team is more about keeping pace with the market and needs, rather than just being involved with marketing activities and the business development process.
Route planning for the future
In the heat of the moment, sometimes it’s easy to lose focus on the organizational goals and negate all your accomplishments when the direction of the business development team is static rather than dynamic. The only sin when it comes to business development is not moving at all, whether the movement is towards a trend or a safe bet. The only rule is to keep moving, if this is happening the second best things is to have a plan for moving forward. The stagnant place is the starting place for all the future activities.
Networking relationships and business
Business development is all about networking relationships with businesses. Making connections is one of the most important tasks associated with business development. When it comes to business development, it has been said that “it’s not who you are but who you know”. This means that people associated with business development should never stop networking. No formal introduction is ever wasted on someone who understands the importance of making connections and forming relationships in creating great business deals and developments.
Business connections are a Two-Way Street
Business connections are a two-way street, all the involved parties should be putting in a similar effort. Relationships and connections take their time to grow and develop over time, changing and improving, faltering and recovering and then growing some more. But over time, there will be a return on the investment you put in. If you treat others with kindness, respect, empathy, and generosity, the benefits will be returned to you in multiples.