This post provides complete information on the job description of a business development consultant, to help you learn the key duties, tasks, and responsibilities they typically perform.
What Does a Business Development Consultant Do?
A business development consultant, who is also known as a management analyst, is responsible for providing analysis of a company and its existing practices, and then makes recommendations necessary for improvements.
His/her job description involves human resources management, marketing, accounting, and other related duties.
These consultants play a critical role in helping to improve any organization they find themselves, by assessing company’s weaknesses and recommending possible solutions.
A business development consultant periodically makes research on the needs, wants, and goals from different prospects and target audiences and then incorporates the results into marketing and sales strategies.
Even though most organizations employ consultants that hold Bachelor’s degrees (in business administration, business management, or other related fields), some companies prefer to go for consultants with professional certification and/or with a Master’s degree.
These professionals usually specialize in just an area of business management, such as human resources. T
Take for instance, when a hospital intends to hire a business consultant, they will go for one who specializes in healthcare.
As a development consultant for businesses, you will need to understand clients’ needs – what they wish to see improved and fixed. This will go a long way in creating strategies that will satisfy them.
Business Development Consultant Job Description Example/Sample/Template
The role of a business development consultant is associated with various tasks, duties, and responsibilities, some of which are listed in the job description example below:
- Review financial statements of the company
- Evaluate company’s competition and its competitors
- Analyze company’s business practices
- Engage in research as regards how the company can improve in its offers
- Develop new business models for the company
- Prepare recommendations based on research already carried out
- Analyze prevalent market conditions for company and clients
- Review and monitor strategies of the company as it regards sales, advertising, marketing, and other related fields of business
- Prepare presentations for potential clients
- Follow up meetings with clients – whether active or prospective ones
- Create and update client profiles
- Create opportunities for new product/ service by networking
- Negotiate contracts and licenses as necessary
- Conduct research on market trends of company’s products/services
- Initiate strategies and plans for the company to reduce its losses and instead achieve increased profits
- Build effective team
- Conducts audits on a yearly basis
- Create strategies for existing accounts to generate business
- Play an important role in implementing products and service that will meet customer’s needs
- Analyze company’s trends in terms of loss and develop plans and a system to correct such
- Serve as company’s representation in trade associations and other promotional events
- Serves as company’s liaison with its personnel as it has to do with business potentials; opportunities, and problem resolution
- Prepare reports as often as requested
- Assist in establishing company’s agency plan as it regards certain territories and regions
- Generate leads through effective management of sales process of the company.
- Ensure satisfaction of customers
- Design and develop products, services, and tools for client companies
- Business Development Consultant Resume Preparation
Whenever you need to prepare a resume for the post of business development consultant, the job description sample given above can serve as a source of relevant information for making the work experience, and other parts of the resume.
Business Development Consultant Requirements: Skills, Abilities, and Knowledge for Career Success
To be considered by most employers for the position of consultant of business development, there are certain skills and other requirements that you must possess, these include:
- Ability to be persuasive
- Ability to pay attention to details
- Effective networking skills
- Ability to focus on a given task
- Ability to maintain customer relationships effectively; which includes tackling difficult clients and their issues
- Knowledge of procedures, involving business and administration
- Ability work without being supervised
- Effective interpersonal relationships skills
- Strong analytical skills
- Good research skills
- Strong communication skills is needed to correspond with agents and clients effectively both in writing and in speaking
- Ability to be creative and innovative in handling situations
- Ability to work under extreme pressure and still remain effective
- Ability to meet up with deadlines
- Possess strong marketing skills
- Ability to effectively work with priorities
- Ability to manage and analyze data
- Ability to make independent and yet effective decisions
- Ability to work with people
- Technical knowledge demonstrated in auditing, loss prevention, marketing, and other related areas
- Computer literacy: must have a basic knowledge of how to use the computer and other related gadgets
- A bachelor’s degree in marketing and insurance related fields