Financial planning helps you determine your short and long-term financial goals and create a balanced plan to meet those goals.
Financial advice encompasses many areas including investing, insurance and estate planning. It should be personalised to your individual situation based on your needs and goals.
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“It’s about pursuing opportunities so as to attain a long term growth from markets, customers and relationships. It sounds simple but, has anyone ever described what a business-development person practically does? Why is it so important for a company to have Business Development strategy?
What I believe is that Business Development is necessary to grow the profits of a company through attracting new customers and also by increasing the spending for existing customers.
An individual can look at different strategies to help grow his/her business through product distribution, strategic partnerships, data collaboration, content licensing, monetization and acquisitions.
Why is Business Development important for companies? Well, as you are thinking about growing your small business, it is an excellent way to test what your product does for all other businesses in the market. Basically, you are going to partner with any other company for some reason, or you are going to do a deal.
Business development focuses primarily on
Today, being an entrepreneur is made up of two simple things “being smart” and “keeping lean.” Factor in the current economic distress, and the changing face of traditional bricks and mortar business, and you have an increasingly difficult environment for a young, inexperienced entrepreneur to get started in.
“Passion for your journey as an entrepreneur is not the only factor you need to consider when you are starting your business”
“It’s about pursuing opportunities so as to attain a long term growth from markets, customers and relationships. It sounds simple but, has anyone ever described what a business-development person practically does? Why is it so important for a company to have Business Development strategy?
What I believe is that Business Development is necessary to grow the profits of a company through attracting new customers and also by increasing the spending for existing customers.
Continue reading “BUSINESS DEVELOPMENT”
Once upon a time, business people would seal a transaction with nothing more than a robust grasp of arms or a firm handshake.
When the deal fell apart, they often settled the matter through a pain filled contest of weapons. Whoever was clubbed senseless or killed lost the argument. Years down the line, someone wiser, and probably less skilled with club or sword, decided there had to be a better way. And yes Virginia (in the U.S.of A ), is where lawyers originated, and aren’t we all happier as a result?
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eturn on investment, better known as ROI, is a key performance indicator (KPI) that’s often used by businesses to determine profitability of an expenditure. It’s exceptionally useful for measuring success over time and taking the guesswork out of making future business decisions. The ability to calculate return on investment is extremely valuable for any business, regardless of size or industry.
After all, knowing if you’re getting your money’s worth is a basic concept that both individuals and businesses need to understand in order to strengthen — rather than hinder — financial success. By calculating ROI, you can better understand how well your business is doing and which areas could use improvement to help you achieve your goals.
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