Business Development Metrics are important in preparing a strong BD budget and are a key part of the business development process. Check out the metrics your business development department should be using to gauge success so you can set up a profitable 2023 budget.
Read MoreThe ability to effectively leverage data in a timely manner improves efficiency within organizations. Why? Well, we've all heard the old adage that "time is money," and nobody understands that better than businesses like law firms that earn revenue through billable hours. You don't have to be an attorney or a billable employee to fully grasp that idea. Just ask the marketing and business development teams, as they play a major role in the client acquisition and retention that feeds those billable hours.
Read MoreYour business development initiatives are just like most everything else in life – you get what you put in. I.e. the fruits of your business development and marketing strategy depend wholly on the time, effort, and attention you give. This probably doesn’t come as news to anyone. We all know that hard work pays off, and hard work includes consistent action and routine, especially to reach goals that have layered and progressive pathways to business success, like business development.
Read More