The Four Top Secrets of Business Development and Risk Management

Everyone loves a winner! In the business world, thenobody wants it. There have been countless stories
more money you make, the more effective andtold of the follies of individuals who had what they
successful you and your business become. Thisthought was a brilliant solution to a problem that
truism is consistently born out by top businessnobody else appreciated. Great amounts of time and
owners who take their ideas to market. But whatenergy, as well as investment capital, have gone into
are their secrets? Invariably, their success is thewhacky inventions that nobody wanted. Business
natural outcome of effective business developmentdevelopment and risk management are addressed by
and risk management. They accomplish this byfocusing on what the customer wants and needs.4.
following the four steps outlined below.1. Think AboutDevelop Your CharacterThis character building is
It!All business activity begins with having an idea.achieved by developing yourself in and around the
Successful business people are thinking all the timesteps mentioned above, ie, thinking, doing and
about their business and how they can take it to theknowing. This element of character building in
next level of development. In his classic book, "Thinksuccessful people seems to occur as a direct result
and Grow Rich," Napoleon Hill starts at this very pointof the activities that they engage in and the
when divulging his findings about successfulendeavours that they pursue.The characteristics of
businessmen, such as Andrew Carnegie. In fact, hissuccessful business people include; courage and
book title starts with the word "THINK."In businessaudacity, persistence, resolve, determination, building
however, thinking is never divorced from knowingrelationships with others, thinking team and believing
and doing. These three processes of thinking,that they are not alone in the world, curiosity, always
knowing and doing feed on and fold back on eachlearning, "street smarts" (seeing the angles), being
other in a never-ending cycle of focusing energy andresponsible and being responsive.So, in summary, the
productivity.2. Focus on Customer NeedsSuccessfulfour steps followed by top business owners and
business people take their ideas to the next stage ofleaders to ensure effective business development
satisfying a customer need or want. All of theirand risk management are:- They think - this thinking
thinking is channeled into supplying a product oris never divorced from action- They are
service that will address a problem that people arecustomer-need focused - what does the customer
experiencing. Customers will pay money for a productreally need?- They deliver value for money - the
if it solves a problem and therefore helps them toinvestment made fixes the problem- They build their
achieve their goals.In the 1870's gold rush era, thereputation - happens as a byproduct of being
entrepreneurs who often made the most moneyconstantly involved in the first three
were not the gold miners, but the business peopleendeavours.Peter McLean is a highly experienced
who supplied the shovels and mining equipment.Coach, Senior Manager, Consultant, Business Owner
These enterprising individuals did not rely on buildingand Company Director. He successfully coaches top
wealth by merely striking it lucky. They thoughtExecutives in some of Australia's leading multi-national
about their opportunities and then applied theircompanies. One such Senior Executive recently won
knowledge in a manner that ensured that they wouldan International Award for Excellence within his
become very rich indeed.3. Develop Your Reputationparticular field. In addition, Peter works extensively in
by Consistently Delivering Value for MoneySuccessfulthe Public, Private, Commercial and Not-for-Profit
business people think, apply that knowledge andsectors, delivering outstanding results for his clients.
deliver a product or service that they knowTo learn more of how you can benefit from Peter's
customers actually want and benefit from. Obviously,experience, visit the Essential Business Coach web
there is no use in having the world's greatest idea ifsite!