Contrary to popular belief, the key to making good bid decisions is not picking the deals in your pipeline that you are going to win, but instead, it is discarding the deals that you are going to lose. It should be obvious that to raise your company win rate, you must stop bidding deals that you have little or no chance of winning. To make the bid/no-bid decision, there are several factors to consider.
Business writing has its obstacles because the goals are different. These projects may involve training new employees, interacting with shareholders, or building a brand and professional image. It is less about entertaining the reader and more about conveying information, persuading readers, or getting people to act. Here are six common mistakes in business writing.
Procurement is needed to acquire goods and services for a business. Most businesses attain their clients through competitive bidding. Two of the most common procurement methods are extending an invitation to bid and sending a request for proposals. Though these methods seem similar there are some significant differences between the two.
Uncertainty is a part of making business plans. But this should not stop you from creating strategic plans. This is where financial modeling comes in. Financial models do not make the future more predictable but it does help you choose between various options and prepare your business to navigate twists and turns as you implement your strategic plan.
Following a set playbook might make it even harder to get sales, find new clients or hit targets. With the changing environment businesses need to be dynamic to keep up with the demands of the target audience. Given below are some tips on how you can effectively sell your product or service repeatedly.
Increasing sales revenue is a key process of developing a company successfully, but doing so is not so easy. To make matters more complicated, increasing sales does not always lead to an increment in revenue. This makes even the best advertising techniques fall short of serving towards the business objectives for profit and growth.
recession can be an ideal time to invest in your business and expand it.
Such a time can offer ample opportunities for innovative and creative businessmen. Most people choose to be inactive in such dire times and hope that things get better. But a successful businessman will prepare his business for growth when the economy turns around.