Episode 81 of The Business Development Podcast hosted by Kelly Kennedy is part of a four-part series on successful proposals. In this episode, Kennedy emphasizes the importance of understanding the true value that a company provides before creating an effective value proposition or proposal. Kennedy shares his own experience of initially being unsure about the value he brings to the world through his business development services. He encourages businesses to be open to learning and to gain a clear understanding of their products or services and how they benefit their customers before creating proposals. Kennedy also emphasizes the importance of receiving feedback and continually refining proposals to ensure they align with customer needs and deliver the best value.
In the episode, Kennedy highlights the need for businesses to identify one, two, or three specific things that they do incredibly well. He also emphasizes the importance of understanding different layers of value and how customers may use products or services in ways that were not initially intended. Kennedy encourages businesses to consistently seek feedback and to have a clear understanding of what they do and how their products or services benefit customers.
Key Takeaways:
- It is important to clearly understand the value that your company provides to the world before creating a value proposition or proposal for customers.
- Take the time to define the steps of your business development process in order to identify what deliverables your company provides that are unique or better than competitors.
- Be open to continuous learning and feedback to improve your proposals and value proposition.
- Ensure that you have a clear understanding of your customer's needs and how your product or service benefits them before creating a proposal.
- Regularly seek feedback from customers and colleagues to improve your proposals and value proposition.
- Identify one, two or three specific things that your company does incredibly well and focus on these strengths in your proposals.
- Understand that your customers may use your product or service in different ways than initially intended, and adapt your proposals accordingly.
- Clearly define your business and the main products or services you offer to effectively communicate your value proposition.
- Recognize that every value proposition you create will be unique and tailored to the specific needs of each customer.
- Continuously gather feedback and strive to understand how your products and services are perceived by customers.
