From the course: Business Development: Strategic Planning

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Five pitfalls of business development strategic planning

Five pitfalls of business development strategic planning

From the course: Business Development: Strategic Planning

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Five pitfalls of business development strategic planning

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- Building a business development strategic plan doesn't come without a few obstacles. And possibly a landmine or two. But if you want to build a strong plan, one that will stand the test of time. Then you need to be aware of the common pitfalls, that many business development strategic planners have bumped into. The first is taking on way too much. For any business development strategic plan to work, you need to keep it focused. While it can be tempting to set 10 or 15 goals. And ensure your plan lays out everything you want to accomplish, in the arena of business development. A business development strategic plan with too many goals, and too many action plans will only leave your team confused, unmotivated, and your goals unrealized. For your best results, you need to keep your plan tight. Next, is setting your goals too high. While it is important to stretch your team and yourself, when designing your business development strategic plan. You do not want to suffer the pitfall of…

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