We want entrepreneurially minded individuals who are passionate about selling world-class solutions. Some owners like to invest in other businesses, while some just want to invest the money back into their company. If you end up starting a venture that you don’t have passion for, something that does not make you jump out of bed each morning, it will be very hard to put in the hours and energy to make it successful – thus not a perfect business idea.
At campus Herning, there is a close interaction between the different study programmes, which cover the needs and requirements of the business community. After that, I made sure the advisors I hired had the hands-on experience of an entrepreneur and knew what running a small business was all about.
Driving sales is another function where business development is often categorized. Anytime you are trying to develop a new business relationship, you’ll want to find out what they know about you. Main reasons behind this misclassification are twofold: First, many people DO NOT understand what the differences are between sales, marketing, and business development.
When they choose to be conservative with funding business development, their growth is slow. What matters however is that you find a representative engaged enough in their last job to know the answers. Their role is to identify companies that have synergistic business models and would complement the host company.
This is one of the main separators between the average and the successful, heavy revenue generating business development representatives. Tim Stokes is a small business management with his company Business Building Mentors specializing in business training services for SME businesses.