Things That Help & Things That Decrease Business Development

Things to Help Business Development and Things That Will Decrease Business

Michael P. Marshall, PhD
12/24/2014
Often, I am asked globally about the things that can help ‘business development’ and ‘grow the business’.

It is interesting that rarely am I asked about the things that will hurt a business, prevent it from growing or surviving.

Both are important for a business to grow and to survive.
When I teach, train, coach and advise about business development, I cover both the things that can be done to ‘grow business’ and the things that can prevent business growth or hurt the business.
Like a car or auto; even if you have a car that runs well and has tires, if you are stuck on ice or in mud, you will only spin your tires and go nowhere, and if you are on a hill or decline you will slip downwards and maybe even crash and have an accident.
You need everything working well and in good conditions.
The same is true with business development.
You need both, to be doing the progressive things that will help ‘grow the business’ and also aggressively improving all of the things that can prevent business growth or hurt the business.
The big influencing factors for managing both are:
1. Leadership and Management Attitudes
2. Leadership and Management Skills & Knowledge
3. Processes, Procedures and Programs
In this short article, I will just list many of the common things that can help business development and also list the things that will prevent business development and hurt the business.

Other articles of mine that are already posted onto my personal website of www.AskTheBusinessDoctor.com and also published go into the details of most of these things.

Since most people do not ask me what will hurt business and prevent business development, I will start with listing these.

Doing things or allowing things that hurt the business or prevent business growth is similar to getting a gun and shooting yourself in the foot and then wonder why you cannot walk, run or climb forward.
Let’s start with these first.
Things That Will Hurt the Business and Prevent it From Growing

1. Obsolete & end of life cycle Products & Services with declining use for customers and markets

2. Competition has better & more current products & services

3. Quality problems & issues

4. Delivery issues & problems

5. Not competitive pricing

6. High overhead causing high pricing & maybe low profits

7. Possible government regulations & laws in countries selling to

8. Possible tariffs & taxes in countries selling to

9. Possible government barriers of countries selling to

10. Possible environmental & cultural challenges in countries selling to

11. Bad PR public relations about any issue

12. Lack of brand name & brand image

13. Lack of field sales/marketing representation or distribution in target markets & countries selling to

14. Lack of continual training for all employees & representative sales/marketing staff in the marketplace

15. Lack of effective marketing communications & promotional materials and if in the retail markets a lack of effective POS point of sales promotional displays & materials

16. High employee turnover due to a variety of issues that need improving

17. Low employee morale & maybe not a good work environment

18. Lack of good ‘ethics’ of company, leadership, management, employees;  lying & misleading & not honest

19. Lack of skills & knowledge, experience & abilities of leadership, management & employees

20. Lack of true team work with management & employees

21. Lack of innovation & creativity with many things

22. Lack of good marketing communications clearly showing features, benefits, advantages & value to customers from customers view with each target market niche and each international markets

23. Lack of clear strategy with programs, processes & aggressive efforts in place to support it

24. A bad strategy or lack of clear strategy

25. Lack of understanding of customers in all target niche markets and target international markets

26. Lack of insights & understanding of progress needed, product & services improvements or modifications needed, market changes, customer needs and their views, changes of all types & potential future business in many markets developing

27. Any disregard or lack of attention to employees, field sales/marketing representatives, customers, markets & trends

28. Not being able to recruit, hire & retain the highest skilled employees & staff

29. Lack of effective communications with employees, customers & markets

30. Neglecting in any way your customers or employees or field representation sales/marketing staff

31. Policies & procedures that make it difficult for customers to do business with you
Or
A lack of policies & procedures to make it difficult for customers

31. Lack of keeping on the front edge of everything, internal & external

Things That Can Help Business Development

1. Products & Services that customers in the target markets need & want and motivated to purchase it
I have seen many good products and services globally that are needed but customers will not purchase them because they are not motivated to do so

2. Continue to develop new products & services that customers in target markets need and are motivated to purchase
New products & new services is the ‘life blood’ of a company & business development

3. Competitive pricing

4. High quality

5. Good & fast delivery

6. Depth of marketing communications that clearly communicate features, benefits, advantages & value to customers & niche target markets

7. Aggressive & good PR public relations and advertising promotions
8. Aggressively progressing with brand name & image

9. Continual progressive efforts to understand customers & target markets and continually aggressively solicit (ask) for  suggestions, ideas, improvements needed, product/services modifications or improvements needed, other possible applications & uses, other market niches, market changes, changes of anything & trends
Such programs to be progressive for customers, field sale/marketing representation & all employees

10. Effective referral programs

11. Effective incentive & reward programs for all employees & field representation sales/marketing staff

12. Continual training for all employees & field marketing/sales staff

13. Recruiting, hiring & retaining highly skilled & ethical employees
(this includes paying more than average to accomplish this)

14.  Expand into more target niche markets

15. Expand into more applications & uses

16. Expand into new markets international/global

17. Expand representation & distribution into new target niche markets

18. Adjust & customize/modify products, services & marketing communications to target niche markets & international markets

19. Seek out ways to improve in all ways & have programs to do so with rewards & incentives for such & for all employees

20. An understanding that 80% to 90% of good ideas & suggestions on everything will come from employees, field sales/marketing staff & customers; and the need for programs, processes & incentives/rewards in place to effectively manage this, encourage this & reap the benefit from this

21.  Programs, processes, incentives & rewards & sincere recognitions for team work & teams efforts
A bunch of sticks together is stronger than a single stick.  Go outside and pick up some tree branches & sticks to test this out.  This simple task and example will help you understand the strength of team work & team effort.

22. Continual improvement & innovations is needed for products, services, marketing communications & promotions and internal operations of all types.  Effective programs, processes, & adequate levels of incentives & rewards are needed to support such

23. Affective programs, training & hiring practices is needed to assure high ethics

24. Continual affective communications with employees, customers & market niches is needed.
Communications to include a closed loop system which is communications with them; ask & get feedback from them & then you communicate back to them again to make sure all understood all correctly
One way communications do not work and are not affective

25. Understanding the needs of your employees, staff, field marketing/sales staff & customers and have programs & efforts in place to manage this effectively meet these needs

26. Development of & always be improving on a good working environment for your employees and a good environment with customers to work with you & do business with you easily

There are many other things that we can add to both of these lists of things that can prevent business development and the things that can help business development and growing the business.
If you ask your staff, employees, field sales/marketing representation and customers about such, you will easily find things to add to these two lists.
The big question is, ‘What will you do with these two lists to help grow your business?’.
Michael Marshall is available for advisory & coaching, liaison, special projects and training.

Michael Marshall, PhD

michaelmarshall1236@gmail.com
www.AskTheBusinessDoctor.com

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