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BUSINESS DEVELOPMENT

Business development can be summarized as the ideas, initiatives, and activities that help make a business better. This includes increasing revenues, growth in terms of business expansion, increasing profitability by building strategic partnerships, and making strategic business decisions.

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  • The current state of the business in terms of SWOT analysis (strengths, weaknesses, opportunities, and threats)1

  • The current state of the overall industry and growth projections

  • Competitor developments

  • Primary sources of sales/revenues of current business and dependencies

  • The customer profile

  • New and unexplored market opportunities

  • New domains/products/sectors eligible for business expansion, which may complement the existing business

  • The long-term view, especially with regards to the initiatives being proposed

  • The cost areas and the possible options for cost-savings

Business Presentation

© 2020 by Dr David J Knight Sr Consulting Services LLC

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