Digital Mogul’s Post

You know that business development is critical for growth, but current processes, tools, and resources don't support or permit it. Clearly, something needs to change. In this guide, learn how a different approach can help you keep new deals flowing into your pipeline. https://lnkd.in/e5_2XEgg

Watch JD talk about problems and answers regarding business development.

How to overcome competition in business? It's a fact that wherever there is business, there will be competition. And business owners usually see competition in two ways: ❌ Copying whatever their competitors do. ✅ Seeing it as an opportunity. To truly grow your business, copying your competitors will never help you. Instead, it will only create more problems. For example, many businesses lower their prices seeing their competitors. This only reduces their profit margins and the perceived value of their products. If they don’t realize this soon enough, this cycle will ultimately lead them to losses. → So, how can you as a business owner see competition as an opportunity? It's simple. Just do what your competitors are not doing. Here are two ways to do this: 1️⃣ Instead of blindly copying what they do, look for areas where you can improve. For instance, if you and your competitor are selling the same product at the same price, try adding a free, low-cost product with the main one to boost sales. 2️⃣ Position your brand differently from your competitors. Offer something that makes you stand out in the market with your unique value propositions. For example, if you and your competitor are selling the same products, you can stand out by offering excellent customer service. This will help you build a loyal customer base. Following these tactics will ensure that you stand out in the market, stay above your competition, and grow on your own terms.

I’ve learned that business development is more than just strategy- it’s about mindset, focus, and having the right tools. That’s why I combine all three when I work with clients.

Are you a Small Business Owner and looking to grow your business. Check out the RBC Growing Your Business Guide and the Five Steps to Grow Your Business!!! https://bit.ly/3ywtaBc

Advisor's Secrets: How to Retain Control in Business Sale

The best way to start a one-person business in 2024 Sell what you already know:

How to grow a business: •Planning and Strategy: Laying the groundwork for a business by setting goals and creating strategies. •Networking and Partnerships: Building relationships and partnerships, crucial for growth. •Marketing and Customer Focus: Understanding customer needs and focusing on satisfaction to drive loyalty. •Finance Management: Keeping track of cash flow, investments, and expenses. •Growth and Success: Represented by the upward arrow, indicating progress and success in the business journey

Two quick tips to keep your clients And find new ones

The best business strategy is a satisfied customer who will tell the others.