Business Development Stage 7: Management

During the management stage of business development you will provide analysis and adjustment.  Now that there is an incoming cash flow, ongoing analysis is needed to maintain and grow your business.

Your goal during this stage is to ensure proper utilization of resources.  These resources may be people, services, or product.

Look at every aspect such as marketing, location, training, product cost, competition, and stay flexible and willing to make changes and adjustments.  Read here for more information on this topic from The Business Thinker.

Up Next: Stage 8

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