In the simplest terms, Ronnet can generate the ideas, initiatives, and activities that help make a business better. This includes increasing revenues, growth in terms of business expansion, increasing profitability by building strategic partnerships and making strategic business decisions.
- Ronnet can help with a wide scope of ideas, activities, and initiatives that a business owner and management implement with the goal of making the business better.
- We can include many objectives, such as sales growth, business expansion, the formation of strategic partnerships, and increased profitability.
- Successful business development impacts every department within a company, including sales, marketing, manufacturing, human resources, accounting, finance, product development, and vendor management.
- Ronnet will look for new market opportunities, possibilities for expansion, competitor developments, and the current sources of the company’s revenue.
Understanding What We Do
Ronnet can identify activities across different departments, including sales, marketing, project management, product management, and vendor management. Networking, negotiations, partnerships, and cost-savings efforts are also involved. All of these different departments and activities are driven by and aligned with the business development goals.
Sales
Ronnet can help your business focus on a particular market or a set of clients. We can assess different markets and conclude what sales can be achieved within a set number of years. With such set goals, your business can set new targets in the new market with sales strategies.
Marketing
Marketing involves promotion and advertising aimed towards the successful sale of products to end-customers. Marketing plays a complementary role in achieving sales targets. Higher marketing budgets allow aggressive marketing strategies like cold calling, personal visits, live events and free sample distribution. Other marketing strategies include, online ads (SEO, PPC) social media ads, and billboards.
Project Management
Whatever the desired goal is the project management team will implement into action what the desired goal is to be. Does the business need expansion? Will products and services be manufactured in the base country or internationally? Does the business require extensive research into partnerships and investments?
Cost Savings
We are not just about increasing sales, products, and market reach. Strategic decisions are also needed to improve the bottom line, which includes cost-cutting measures. An internal assessment will be implemented to assist in cost cutting measures. We can implement cost-saving initiatives by outsourcing work, such as accounting, financials, technology operations, and customer service. These cost saving strategies will allow you to bolster the marketing budget.
What do we know?
Since business development involves high-level decision making, the business developer should remain informed about the following:
- The current state of the business in terms of SWOT (strengths, weaknesses, opportunities, and threats)
- The current state of the overall industry and growth projections
- Competitor developments
- Primary sources of sales/revenues of current business and dependencies
- The customer profile
- New and unexplored market opportunities
- New domains/products/sectors eligible for business expansion, which may complement the existing business
- The long-term view, especially with regards to the initiatives being proposed
- The cost areas and the possible options for cost-savings
To Conclude
Ronnet has a set of specific goals once instructed, that is to work closely with a business, understand what is required and what the bottom line is. We will produce business plans, monthly or quarterly decks in order to give any business clarity and help define new strategies.
The smartest and most business savvy should be ready to accommodate a change in order to achieve the best results. Every approval or disapproval is a learning experience. Ronnet will prepare you for the next challenge.