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Is Business Development the Right Direction for Your Career?
Business development can be a very lucrative career. It is a profession that requires a lot of networking and strategic...
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usiness development can be a very lucrative career. It is a profession that requires a lot of networking and strategic skills in order to generate growth of a business. It also requires extensive knowledge of many different elements of a business. So, let’s find out whether it is the right career option for you.
Responsibilities
As a high-profile career, business development professionals need to fulfil a wide range of responsibilities including:- Researching prospective customers and growth potential of a business.
- Planning strategies to improve or maintain customer relationships.
- Networking and maintaining a good relationship with prospective investors and strategic partners.
- Working closely with all the other departments of a business, including marketing, sales, legal, finance, etc.
Skills
There are specific sets of personal and professional skills required to have a successful career in business development. Some of the most important skills are-- Self-discipline: This is an important trait to have to be successful in any profession; more so for business development professions.
- Excellent Communications Skills: With so many responsibilities related to networking and relationship building, it is a mandatory skill to have.
- Organizational Skills: A business development professional need to have the ability to prioritise and manage multiple responsibilities.
- Strategic thinking: As a strategic position, it is important to have the ability to think strategically.
