Mortar Makes It Happen
Posted on April 09, 2025 by Michael Shew, LIFA, MBA, CFBA, One of Thousands of ADD ADHD Coaches on Noomii.
Combining the right elements for success in business starts with understanding and applying the three essential keys we’ll explore next.
Today, we will delve into the three crucial keys to business development. Understanding and implementing these keys will empower you to build a solid foundation for your business, ensuring its growth and success and, ultimately, maximizing profits.
There are three main areas of business development:
Innovation
Quantification
Orchestration
If done well, these three areas will help you build a solid business foundation, driving growth and profit. Let’s consider each one for just a minute.
Innovation
Innovation, the spark that ignites progress, should not be confused with creativity. It’s the action of turning ideas into reality. This is where a significant portion of your focus should be at the start of your business, and it should continue to drive your business forward, contributing to long-term profits.
Quantification
Quantification, the language of business, refers to numbers. It’s about measuring the value of your innovation. The best way to gauge this is through your customer response. Pay attention to positive responses to reinforce what you’re doing right and address negative responses to correct what you’re doing wrong. This will ensure you stay in tune with your customers’ needs and the ever-changing business climate, enhancing your profit margins.
Orchestration
Once you’ve found what areas of your business are working to generate success, you can zero in on those areas and concentrate on making them stand-out ideas. You pivot your focus here to get the most out of your business and meet your customers’ needs, ensuring continuous profit growth.
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