Sep
17
2019

Do You Get Lured by Business Development Jobs?

Business development is one of the vital segments in almost every business, these days. It can be considered an extended form of sales, but isn’t just getting leads to the business, but also emphasizes the expansion of a business in other ways. It is a balanced combination of strategy, marketing, and sales. Those employed as business development executives are involved in getting leads, negotiating & closing the deals besides maintaining cordial relationships with the clients. They serve as the link between the corporate partners and the organization.

Business development executives are involved in identifying the potential target market, new business opportunities and the new business partnership that they can benefit with, in the near future. They work towards expanding the company’s client base and corporate relationships to ultimately add to the revenue.

Where do they work?

The need to hire these professionals is now being realised by almost every business and industry. Those seeking jobs in business development can get into real estate, infrastructure, IT, digital marketing, telecom, and other sectors too. Some of the leading companies they can aim to work with are HCL Technologies, Cognizant Technology Solutions, and many others.

Who can qualify?

For those, who master the combination of communication and influential skills and do not wish to get into direct sales, business development is a viable career choice. To get started, you need to hold a bachelor’s degree in business administration. However, those who hail from other fields too can be considered for this job role.

Generally, the professionals having gained considerable experience in corporate sales are considered apt for this position. The prior sales experience even helps a professional aim for considerably higher salary than a fresher.

Skills to take you ahead

Business acumen:

It is one of the major skills that help a profession qualify for this job role. An understanding of how the market works and what are the essentials to keep the audiences interested in the product serve as the major skills for these jobs.

Communication:

The business development executives are involved in dealing with the customers, business partners, and other associates and for this, communication remains a desired skill.

Analytical Skills:

To analyse a situation and bring out the best of opportunities is what these professionals are desired for. They work to get business leads and even maintain the professional relationships with the associates so to ensure their satisfaction with the association.

Networking:

If networking is something you are best at, you can contribute well to the business.

Average Pay Scale

If you have prior experience in sales, you can make well in this profile. On the other hand, if you get started as a business development executive with no prior experience, the pay scale may not be too alluring. As per a global research firm, a business development professional in India earns Rs 242,480 per year. Experience remains a major factor for pay hike in this job.

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Sep
09
2019

How Business Development Consultants Can Help New Businesses Succeed

It can be difficult to start a business, especially without professional help. Business development consultants can help new business owners with a variety of important tasks such as brand development and writing copy.

Business Plans

Every new enterprise needs a strong and realistic business plan. A good plan will help a business succeed, but it can be difficult to create a strong plan without the help of an expert. Development consultants can help new companies create a detailed, professional plan that establishes realistic goals, forms a proper mission statement, and decides what marketing methods to use.

Budget

A consultant can also create a budget for a business. All companies need a budget to make sure that they do not spend too much and put themselves in debt. A new business can’t afford to be in serious debt because they didn’t plan out how much they would spend for the year. Moreover, running a business is a difficult endeavor, and creating a budget can be a time-consuming, complex process. For instance, a company that makes baked goods will have to figure out how much flour, sugar, and other ingredients they will need and how much it will cost. Prices could increase over time, too.

They must calculate how much they will have to charge customers so they can get the money they need. A development consultant has the experience and skills to help businesses create a detailed budget. With a proper budget, these can avoid disasters.

Marketing

Marketing is an important way for any company to advertise their products and services. Marketing can also give businesses the exposure they need. There are many different marketing techniques to choose from, some more effective than others. New ventures that are trying to decide how to market their products and services can be overwhelmed by the many different techniques available. Furthermore, some of them might spend their entire marketing budget on one technique just to find out it wasn’t the best method for their business.

A business development consultant has the knowledge and experience necessary to find the best methods to use, and they can help companies market very effectively and stay within the allotted marketing budget.

Brand Creation

New enterprises need to create a memorable and appealing brand to increase their customer base. It can be difficult to design a unique and professional logo as well. Business consultants know what customers like, and they can guide companies to create a memorable brand. They’ll make a legible, attractive logo that a firm will be able to use for a long time.

Writing Articles

Most businesses will need to have articles written for anything from brochures to websites. Having professional articles shows clients capablity and ability to deal with them in a professional manner. Articles with several spelling, grammar, or punctuation errors can cause a company to lose many potential customers because these unprofessional pieces of writing will make customers believe the business is not trustworthy or capable. A development consultant can help these create professional articles and advertisements.

When starting an enterprise, a proper business plan and budget is needed, and a strong marketing strategy must be created. An appealing brand and professional articles are also necessary, and business development consultants can help start ups with all of this and more.

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