It is these business development managers (BDM) who are working their days in and out making any new business true success. While they have been adding some commercial and conceptual value to any new business which is looking for existence, the question is if these Business development manager job holders get something so valuable in return?
Read along to know why this Business development manager job profile is becoming a trendsetter among freshers who are launching their careers?
The art of thinking like an ‘enterprise’
For any individual who is looking to build a career in this corporate sector, smart business tactics and cost-effective execution plans are a must. He should be really well versed in the business metrics and the reasonable amount of value which they are supposed to add to any product or service for which they want the customer to pay. Moreover, as a BDM who works in a company interacts with a person who believes in his own business idea, annoyingly teach them a lesson of differentiating between a creative idea and potential business idea.
Such kind of an understanding is really important on the part of people from every field who are looking to contribute to any company in the corporate sector or business.
Business Modelling… Finance… Marketing
One can consider regress BDM job to be a new kind of an MBA degree it teaches you to run businesses through a practical approach. Right from the inception of an idea where it is looking to scoop out money from the customers pocket to the delivery of the end product or service,, there is a lot to learn for the BDM.
While the start-up owner will make you work and research about the market and possibility of success, you will be clear about the approaches and the pre-requisite information which is required to clearly the model of business. It will be a case study for all the professionals which teaches them to decide on the departments and features which are back-end business process will contain.
Once you have your detailed business plan in your hand, then you will toil hard on managing the required funds and the further forecasted finance of this start-up. This will teach you to be the real meaning of lean start-up management. Seen in the sense of the low financial commitment which a particular start-up required before coming into existence. In other words, you will have hands-on experience of running the business in the most cost-effective manner. Business development managers or BDMs are the work forces behind most start-ups in India. Many Start-up has to hire Business Development Manager to achieve their Success
And in the later part of business development manager learns the real art of becoming trustworthy in the eyes of customers and making them realize the true value of the money which he’s asking them to pay for a particular product or a service. This is exactly what true marketing is. Marketing is not simply about selling your product at highest possible cost but also includes the wedding of trust and building a brand well over a quick period of time.