Skip to content

To keep going please Log in.

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

To keep going please Log in.

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

To keep going please Log in.

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

To keep going please Log in.

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

DISCLAIMER

Business Development Starts Before the Deal Exists

China’s fintech ambitions drive interest in Venom Blockchain
Vasyl Soloshchuk

Why founders who wait for demand inherit someone else’s narrative

In complex B2B markets, founders often assume business development begins when a buyer starts evaluating vendors. By then, much of the real decision has already happened. The problem has been framed. Evaluation criteria are taking shape. Some companies already feel credible, while others are encountering the conversation for the first time.

The biggest revenue mistake founders make is entering deals they did not help shape. Many teams treat business development as a response to a visible opportunity — an inbound request, a formal RFP, a scheduled demo. Demand rarely appears all at once. It forms quietly through internal debate, shifting priorities, and mounting operational pressure long before a buyer signals intent.

One principle separates companies that consistently win strategic accounts from those that compete transaction by transaction:

“Your job is not to sell. Your job is to identify and develop future demand. If you do that, selling becomes easy.”

Once founders internalize this, business development stops looking like a sales function and starts operating as a long-term market position.

Business Development Is Not Sales

Sales capture demand once it becomes visible. Business development shapes how the market understands both the problem and the companies capable of solving it. Organizations that grasp this behave differently. Instead of waiting for buyers to declare their needs, they participate earlier — offering perspective, clarifying emerging challenges, and gradually associating themselves with the direction the category is moving.

This presence compounds. Companies known for insight are invited into conversations sooner. Trusted voices face less aggressive comparison. When evaluation begins, their relevance is rarely questioned. At its highest level, business development shapes how the market thinks.

The Business Development Timing Curve

Buyers rarely wake up and decide to purchase complex solutions. Readiness develops gradually, often out of sight on pipeline dashboards.

A typical progression looks like this:

  • No recognized need
  • Emerging problem
  • Internal alignment
  • Active search
  • Vendor selection

Most founders enter at the fourth stage. By then, the narrative is stabilizing. Teams have aligned around a version of the problem. Decision criteria have begun to harden. Expectations — sometimes even preferred vendor profiles — are already forming.

Market leaders appear earlier, when interpretation remains open. Their advantage isn’t force. It’s timing. Business development is not about pushing buyers toward readiness. It is about recognizing the moment they are already approaching and showing up before the window narrows.

Research on enterprise buying behavior shows that decisions often involve large cross-functional groups — frequently six to ten stakeholders or more. By the time external conversations begin, alignment is already underway. If consensus is forming without you, how much influence remains?

Early Entry Changes the Rules

When a company engages early, several dynamics begin working in its favor.

First is problem definition. Organizations search for solutions to the problem as they understand it. Helping shape that understanding is one of the highest-leverage moves in business development.

Second is the criteria formation. When your perspective informs what “good” looks like, you are no longer competing entirely on someone else’s terms.

Third is familiarity. Decision-makers grow more comfortable with voices encountered before formal evaluation begins.

Together, these forces create an advantage that competitors struggle to dislodge.

Early business development makes you a partner.
Late business development turns you into a vendor.

A Familiar Voice Before the Search Begins

Several years ago, we pursued a large enterprise opportunity that showed no immediate buying intent. The organization was complex and politically layered. Our early outreach met silence. Not rejection — just silence.

Instead of escalating pressure, we stayed present. We shared relevant insights when appropriate, reconnected after industry moments, and focused on being useful rather than visible.

Months later, internal priorities shifted. The problem became urgent. We were no longer outsiders introducing ourselves. We were a familiar voice. The conversation began from trust rather than evaluation. In enterprise environments, familiarity often precedes opportunity.

The Hidden Cost of Arriving Late

Companies that wait for explicit demand signals end up inheriting constraints they did not create. They respond to RFPs shaped by someone else’s worldview. They compete inside evaluation models built without their input. They are compared feature by feature, price by price.

Differentiation narrows. Conversations become transactional. Many founders later feel their offering was misunderstood. Usually, the misunderstanding began months earlier, when the narrative formed without them.

Founders rarely lose deals to competitors. More often, they lose them to companies that shaped the conversation first. A pipeline can create the illusion of progress while the real decisions are forming elsewhere.

Why Founders Misread Timing

The mistake is understandable. Startup culture celebrates speed, automation, and measurable funnels. Visibility gets mistaken for existence. Markets move more quietly than analytics suggest. Priorities shift in leadership discussions. Risk tolerance evolves after board meetings. Operational strain accumulates before it is publicly acknowledged.

Long before procurement documents appear, organizations are already asking: Who understands where we are going? Who seems credible enough to trust with what comes next? Business development is a long-term craft built on reputation. It rewards those willing to participate before outcomes are guaranteed.

Principles Outlast Tactics

Every generation of founders is tempted by shortcuts — automated outreach, tool-driven strategies, promises of a predictable pipeline. Technology can expand reach, but it cannot substitute for judgment.

Systems grounded in principles adapt across tools and teams. Tactics expire as conditions change. The companies that endure treat business development less like a campaign and more like a discipline rooted in curiosity and consistency. Technology should extend judgment, not replace it.

From Sales Activity to Market Presence

A subtle shift occurs when founders stop thinking like sellers and begin acting as market participants. Salespeople are evaluated transaction by transaction. Market participants are remembered among them.

Reputation begins to precede them. Introductions carry more weight. Conversations open earlier. Opportunities surface with less friction. Eventually, growth compounds in ways that are hard to trace back to a single quarter. The strongest business development outcomes often occur before a buyer ever reaches out.

Reputation Compounds Before Revenue Appears

Founders often search for the moment business development “starts.” In reality, it begins long before the pipeline reflects it — in how consistently you show up and how clearly you articulate emerging challenges.

A reputation formed early works even when you are not in the room. Over time, certain companies stop competing for opportunities and start being expected in them. The market recognizes them not as vendors chasing attention, but as partners capable of guiding what comes next.

Founders who understand this stop chasing demand and begin influencing it. When the deal finally appears, it no longer feels like a contest. It feels like the natural next step. The companies that shape demand rarely have to fight for it.

Featured image via Shutterstock.

Disclaimer

This is an op-ed article (opposite the editorial page), which means it is an opinion piece written by the author and is intended to provoke thought and discussion. The views expressed in this content are those of the author and do not necessarily reflect the opinions or beliefs of Finbold. Readers are encouraged to form their own opinions and to critically evaluate the arguments presented in the Op-Ed stories.

Finbold AI Agent

How AI Price Predictions Work

We use cutting-edge AI models to forecast future prices for stocks and crypto.

Home

IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.