Conditions for business development: external and internal factors
Posted: Thu Jan 23, 2025 4:30 am
The article explains:
Key stages of business development
External conditions for business development
Internal work for business development
Business planning is a key condition for development
Developing a strategy for business development
5 rules for business development during a crisis
Business development loan
Unspoken laws and ways of business development
Mistakes that hinder business development
5 Scenarios for Using Neural Networks to Increase Website Conversion by 40%
Download for free
Business development conditions botim database can be divided into external and internal, and entrepreneurs themselves can only influence the latter category. Of course, a change in the economic paradigm, a crisis, a pandemic, and other force majeure factors can destroy any company, but most often the cause of stagnation and bankruptcy is one's own mistakes.
In order for a business to develop and generate income, it is important to correctly evaluate and use internal development opportunities. In this article, we will tell you what an entrepreneur can do in this regard, talk about external factors and analyze the mistakes that prevent a company from growing.
Key stages of business development
Growth through creativity
The youth stage of any startup is characterized by the fact that its team is in constant search, testing various hypotheses, and the organizational structure is constantly changing. It is far from certain that these transformations will create favorable conditions for business development, but a young project is still dynamic.
At the moment of creative search, the most vulnerable link of a young business is its employees, people do not feel safe because they do not quite understand where the company is heading and what role they play. At this stage, up to 50% of the staff that initially worked for the startup can leave.
All these troubles create a crisis of leadership. The easiest way out of this difficult situation is to change the management style and hire people who will be entrusted with management-related responsibilities.
It is no coincidence that this stage was called growth through creativity. The beauty of the initial stages of business development is that it is often enough to simply come up with some non-standard ideas that will be the right management decisions.
Key stages of business development
Growth through management
The first moments of crisis become an impetus for scaling for a young startup. The peculiarities of business development in modern conditions are such that it is at this stage that the enterprise usually comes to the need to implement a middle management system. The mission of these employees is to relieve the founders of the company, as well as to monitor the efficient use of resources.
Over time, the number of work processes increases so much that even several people are no longer able to control them, there is simply not enough strength and time. This is a crisis of autonomy.
In this situation, a business risks hiring too many management personnel, significantly inflating the payroll. Instead, it can increase the scope of authority of each individual manager. This will require certain adjustments to the organizational structure; it may be necessary to redistribute responsibilities among employees.
Key stages of business development
External conditions for business development
Internal work for business development
Business planning is a key condition for development
Developing a strategy for business development
5 rules for business development during a crisis
Business development loan
Unspoken laws and ways of business development
Mistakes that hinder business development
5 Scenarios for Using Neural Networks to Increase Website Conversion by 40%
Download for free
Business development conditions botim database can be divided into external and internal, and entrepreneurs themselves can only influence the latter category. Of course, a change in the economic paradigm, a crisis, a pandemic, and other force majeure factors can destroy any company, but most often the cause of stagnation and bankruptcy is one's own mistakes.
In order for a business to develop and generate income, it is important to correctly evaluate and use internal development opportunities. In this article, we will tell you what an entrepreneur can do in this regard, talk about external factors and analyze the mistakes that prevent a company from growing.
Key stages of business development
Growth through creativity
The youth stage of any startup is characterized by the fact that its team is in constant search, testing various hypotheses, and the organizational structure is constantly changing. It is far from certain that these transformations will create favorable conditions for business development, but a young project is still dynamic.
At the moment of creative search, the most vulnerable link of a young business is its employees, people do not feel safe because they do not quite understand where the company is heading and what role they play. At this stage, up to 50% of the staff that initially worked for the startup can leave.
All these troubles create a crisis of leadership. The easiest way out of this difficult situation is to change the management style and hire people who will be entrusted with management-related responsibilities.
It is no coincidence that this stage was called growth through creativity. The beauty of the initial stages of business development is that it is often enough to simply come up with some non-standard ideas that will be the right management decisions.
Key stages of business development
Growth through management
The first moments of crisis become an impetus for scaling for a young startup. The peculiarities of business development in modern conditions are such that it is at this stage that the enterprise usually comes to the need to implement a middle management system. The mission of these employees is to relieve the founders of the company, as well as to monitor the efficient use of resources.
Over time, the number of work processes increases so much that even several people are no longer able to control them, there is simply not enough strength and time. This is a crisis of autonomy.
In this situation, a business risks hiring too many management personnel, significantly inflating the payroll. Instead, it can increase the scope of authority of each individual manager. This will require certain adjustments to the organizational structure; it may be necessary to redistribute responsibilities among employees.