When it comes to business development, is it the best approach to proactively or reactively respond to the changing needs and wants of customers?
For Marty Halphen, CEO of corporate food delivery service The Fruit Box Group, it was the latter that helped transform the business he acquired from a small local operation into a national empire with turnover of more than $50 million.
“It was very reactive, listening to customers, listening to the questions that they had,” Marty says on the My Business Podcast.
“Our whole business, over the last 16 or 17 years, has been modelled on the customer being our teacher.”
In 2000, Marty bought a small fruit delivery business that had around 300 customers in suburban Melbourne.
“In 2001, a customer asked me, do I deliver fruit to the workplace? So that’s where I went. I thought there was an opportunity there,” explains Marty.
“Then, what happened in 2004, 2005, is one of those customers asked me, do I deliver to Sydney? So I thought, geez, here’s an opportunity, maybe become a national business.”
According to Marty, it’s not just growth in footprint that has come from customer demand, but also a diversification of services, with the company adding milk to its fresh produce deliveries into workplaces across the country.
It is a common thread among successful businesses, particularly those operating in established industries, that innovation, growth and diversification should come as the result of existing customer feedback, rather than building new concepts for the sake of trying to be innovative.
Check out more insights on business development, fast growth as well as the productivity benefits of corporate social responsibility programs on the My Business Podcast below:
- Is it ok to shout at your employees?
By Geoff Baldwin
- Analysis: Why the minimum wage should be scrapped
By Adam Zuchetti
- Analysis: Supply boom to dictate 2018 house prices
By Adam Zuchetti