This post provides in-depth information on the business manager job description, to boost your knowledge of the duties, tasks, and responsibilities they perform.
What Does a Business Manager Do?
The business manager is responsible for directing and supervising activities in certain departments or in the entire organization to achieve the company’s goals and objectives relating to sales, profitability, productivity, expansion, innovation, and other areas of priority to the firm.
There are business managers in different kind of industries, and often times, such business managers have extensive education or training, such as a Master’s degree in Business Administration (MBAs), which enable them in no small measure to do their jobs more effectively.
Business managers can work in highly specialized ways, like managing a single department, or working as owners or managers of smaller companies, where they make sure that everything that is required to run all aspects of the business smoothly is in place.
Sometimes, the business manager is referred to as the one who must preside over the work without actually doing majority of the work that is required.
This does not mean that he/she just sits in a place and directs people to work; rather, it merely means that he/she is responsible for making sure all employees perform their duties and are functioning at optimum levels, and as such, the manager effectively plans, oversees and delegates duties.
Business managers’ role also include supervising employees, planning work schedules, production and sales, reprimanding or reviewing staff work, and helping to determine whether or not the company is operating at its financial peak. In this case, they may need to create business plans in order to increase profitability.
Some business managers majorly oversee supervisors and don’t have much contact with employees that sell things or produce the majority of products. They could in this sense be referred to as the supervisor of supervisors.
Some business managers who are assigned to a single department might be responsible for managing payroll, sales, advertisement, production, human resources and a variety of other things.
These professionals tend to be needed in different kinds of fields and not just the traditional “business fields,” but they are also useful in science-oriented companies, medical facilities, hotel and food industry, as well as in the performing arts.
For all purposes and intents, the manager of a performing arts theater is a business manager who helps to evaluate revenue, hires or fires employees, and also makes sure the theater is at full speed.
Business Manager Job Description Example/Sample/Template
Below are key duties, tasks, and responsibilities usually contained in the business manager’s job description:
- Plan and prepare presentations (with Microsoft PowerPoint)
- Writ business reports
- Provide management with feedback
- Tour apartments with clients
- Lease and pre-lease apartments
- Complete lease cum renewal paperwork
- Explain lease information to clients
- Enter business data into computer system
- Control expenditures
- Maximize income
- Business Management
- Staff Supervision
- Liability Management
- Owner Communications and Reporting
- Resident Communications
- Monitor market conditions.
The above job description sample can also be employed in preparing a resume for the position, especially in making the employment history section of the resume.
Business Manager Requirements: Knowledge, Skills, and Abilities for Career Success
Individuals aspiring for the job of business manager are usually expected to have the following requirements:
- Good business sense
- Understanding of marketing principles
- Good communication skills
- Possess a positive attitude and drive
- Possess exceptional negotiation skills
- Must possess strong initiative
- Must be able to employ sound decisions based on previous job experience
- Must be able to manage projects cum time
- Must be able to network with different groups and individuals
- Must be able to effect change
- Must be able to execute proposals
- Must be able to achieve set targets and goals
- At least 4-6 years budgeting/financial planning background
- Business/Financial degree or its equivalent
- Prior business management experience
- Must be able to multi-task
- Exceptional interpersonal skills.