Business Development Strategies

On the website, http://www.inc.com, I read an article that talked about using the right business development strategy to aid in a company’s expansion. The article talked about strategies such as: selling higher quantities of products, expanding business to other areas, and developing new products to sell. I think this article has a lot of great ideas for businesses if they want to grow their company. I believe that many businesses can take initiative and use one of the plans to help them expand.

There are many ways to guide a business through a period of expansion.

Turning a small business into a big one is never easy. The statistics are grim. Research suggests that only one-tenth of 1 percent of companies will ever reach $250 million in annual revenue. An even more microscopic group, just 0.036 percent, will reach $1 billion in annual sales.

In other words, most businesses start small and stay there.

But if that’s not good enough for you—or if you recognize that staying small doesn’t necessarily guarantee your business’s survival— there are examples of companies out there that have successfully made the transition from start-up to small business to fully-thriving large business. Click this link to finish reading How to Develop a Business Growth Strategy.

The example of Apple shows how introducing the iPod and the iPhone helped the interest of the company grow and many of them bought laptops to go with their new devices. With the right business development strategy, any company can grow.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s