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Everything you Need to Know about Business Development Businessmen start a business with a goal to increase the annual sales. It is certainly easy to start a business as compared to making it successful, when a business is successful we can see that it has achieved huge difference then when it just started. It will need considerable effort and literally hard work for the business to be really successful. there was a research on the revenue made by companies or businesses every year and it depicts that only 1/10 of 1% will reach $250,000. when you start a business it doesn’t just stop there you should also plan on the business development which includes making strategies for its growth and it should cover the perception from the market, the growth in the market, product development different channels,And new products. With all of these having to manage as well as other concerns in business the business man will surely need some help this is where a business development manager is required. The business development manager is actually the most important person in the business organisation because he needs to work with the people working in the marketing department, the internal department and other business seniors for the development of strategies for the improvement of sales which includes opportunities and more profits. The Work Description of a Business Development Manager
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first and foremost responsibility of a business development manager is to look for new customers. looking for customers can be done by cold calling, advertising and networking.
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business development manager creates influential strategies in how to approach prospective customer in a way that they will be encouraged to have a business with a company. another necessary successful business is a good bond with your customers this is what this manager will make sure to be established. It is achieved by setting goals and giving the needed support for the customers. Other than strengthening the relationship between the new customers it is also another rule for this manager to focus on the growth and the retention of the current accounts in the business. Aside from the mentioned responsibilities, the business development manager Should also make a strategic planning for the growth of new businesses coming in the company. For a business development manager to do all the roles effectively you must be backed with a good knowledge regarding the current market condition and provide insight on more products or services that a business can offer additionally he also knows the competitors of the company. Were looking for a good manager has these qualities would be daunting but if you are looking for the best Richard Maize is a good choice.