Business development system

If you are a business owner and looking for a good business development system you might be wondering what to look for.

This article is aimed at helping you make that decision, by firstly explaining what we understand by ‘Business Development’.

So what is Business Development?

– It involves profit improvement or profit increase.

– It involves improving business processes in order to reduce costs.

– It involves looking at the systems within the business and then reviewing ways of improving those systems together with adding in more and better systems.

– It means looking at the involvement of the business owners and how to help make them less involved in the day-to-day running of the business and of how to make the business less dependent on the owners, thereby making the business more valuable.

– Essentially business development is about creating value from an already existing business both in terms of profits and in terms of shareholder value.

Now that we have defined business development what is a business development system?

Simply answered it is a system that would help a business owner look at all or some of the above areas and one that is designed to help focus on different aspects of the business.

Some of the process might involve using business performance management software, whilst others might include employing business consultants or specialists in this field.

One important aspect never to be overlooked is the involvement of the employees of the business, as they are the ones on the ‘front-line’ as it were and possibly more importantly, are the ones that will be operating the systems to be implemented.

Business development system

8 thoughts on “Business development system

  1. Business development must be the first and last thing a business owner thinks about everyday. forget it at your peril …..

  2. In relation to your comment around ‘processes’ to save on costs. Quite often business owners could just do with being a little more savvy in how they negotiate their core utility contracts.

  3. One important aspect never to be overlooked is the involvement of the employees of the business, as they are the ones on the ‘front-line’ as it were and possibly more importantly, are the ones that will be operating the systems to be implemented.nice post

  4. Really good point about involving the employees as they are the ones who have to operate the processes. This comes up a lot when businesses choose to get ISO certification as they find it difficult to keep to their processes and keep their certification up together if their employees can’t keep to the processes decided upon.

  5. Good article. In technological century, in my view, every business must automate their operations. A good solution for that is ,I reckon, implementing ERP system tools. I had a good experience using WorkForceTrack online based ERP solutions that benefited our company enormously.

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