The Art of Balancing Business Development and Account Management

In episode 56 of The Business Development Podcast, host Kelly Kennedy addresses the importance of separating account management and business development. Kennedy recounts their personal experience of juggling multiple roles before realizing the need for separate teams. The episode highlights the significance of dedicating time to new business development, as customers can leave at any time, regardless of the quality of service provided. While account management is crucial for maintaining relationships and addressing client needs, Kennedy emphasizes the need to prioritize business development in order to grow the business. The episode concludes with practical advice on how to effectively balance these two aspects and the overall goal of the business.Overall, episode 56 of The Business Development Podcast focuses on the art of balancing business development and account management. Kelly Kennedy advocates for the separation of these two roles, sharing personal insights and experiences. The episode stresses the need to prioritize new business development as customers can leave unexpectedly. While account management plays a crucial role in maintaining client relationships, Kennedy encourages business owners to dedicate more time and resources to business development in order to foster growth. The episode aims to provide practical advice on how to effectively manage these two aspects within a business.Key Takeaways:Companies should aim to seperate account management and business development.Business development is about finding new opportunities and growing the business.Account management is about building relationships and maintaining existing clients.It is important to prioritize new business development and dedicate time to it.Customers can leave at any time for any reason, so it is important to consistently bring in new business.It is important to recognize the need for separate roles and not overload employees with multiple responsibilities.Mentioned in this episode:Hyperfab Midroll