The Magic Profit Formula For Increasing Revenues
Revenues = ((NumberOfProspects x CloseRatio + ExistingClients) ) x AverageSale
New Business Development starts with increasing the NumberOfProspects.
(See Networking web pages and LinkedIn in The Blog for some ways of increasing these)
Excellence in New Business Development ensures those prospects are properly qualified-
Increasing your CloseRatio. The better you Network the more qualified your prospects will be.
Creating new business relationships increase what you can offer clients -
Increasing your AverageSale. The more you network – the more offerings you can provide your clients.
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Tagged as:
Enterprise Revenue Growth,
Entrepreneurial Growth,
Financial-Stability,
magic_formula,
new_business_development,
Personal Revenue Growth,
Revenue Growth
