Who is Business Developer ?
A Business Developer works as the tip of the spear producing and driving business for a company. Developers are in charge of generating new client business through networking and follow up on recommendations.
A Business Developer will usually have a degree from an accredited college in business or a related field. Most universities and colleges have well-defined business programs. Advanced education in business is preferred for more senior positions. The job relies on heavily on the ability to communicate over the phone and in person.
What does a Business Developer do?
Business Developers design and implement strategies for the client utilizing their companies assets to accommodate both parties best. Advancement from Business Representative or Business Officer is a common transition with the opportunity to advance further to Business Executive later down the road.
Job brief
As a business development manager, you'll identify new business opportunities in order to generate revenue, improve profitability and help the business grow.
Your work can involve careful strategic planning and positioning in the appropriate markets, or enhancing the operation of the business, position, or reputation in some way.
You may have a single role in the organization or lead a team of staff. Your work will often reach across all areas of the business.
Duties
- Analyze current and past financial data, such as sales reports, and provide strategies to cut costs and increase revenue
- Perform market research to identify new opportunities and engage with executives to establish strategies for pursuing those new opportunities
- Create and improve proposals for our existing and new clients
- Prepare the company budget and continually track expenses, as well as make sure we're on track to hit revenue targets
- Provide training and mentoring to members of the business development team
- Develop and deliver pitches for potential investors
- Network with investors and other business partners to generate new leads
- Travel to destinations to best facilitate transactions or training
Key Skills and Requirements
- 5+ years experience working in a development role
- Previous role in a leadership position
- A valid passport
- An understanding of how to interpret P&L, Earnings, and Inventory reports
- Robust interpersonal skills
- Ability to travel in order to see clients, explore new markets, and attend conventions
- Solid written and verbal communication skills
- Strong leadership skills
- Familiarity with the Microsoft Office Suite
