Focuses on identifying and creating new business opportunities.
Explores potential partnerships and collaborations, to expand the customer base.
Conducting thorough market research to identify new business opportunities, emerging markets, and industry trends.
Analyzing competitors to understand their strengths and weaknesses and to identify gaps in the market that the company can exploit.
Collaborating with the legal and finance teams to ensure all deals comply with company policies and regulations.
Monitoring and evaluating the effectiveness of business development strategies.
Establishing, building and maintaining a strong relationship pipeline of prospective clients and existing clients.
Utilizing CRM software to manage client information, track interactions, and streamline the sales process.
Preparing proposals, presentations, and contract regular reports on business development activities and results for senior management.
Working closely with other departments such as marketing, sales, and product development to ensure alignment and support in business development efforts.
Requirements
A Bachelor's Degree in Business Administration, Marketing, or a related field is required. An MBA or other advanced degree can be added advantage.
Relevant work experience in sales, marketing, or business development is crucial.
Experience in the industry(Construction) in which the company operates can provide valuable insights and connections.
Excellent verbal and written communication skills are essential for negotiating deals and building relationships.
Ability to analyze market trends, financial data, and business metrics to make informed decisions.
Strong sales acumen and the ability to negotiate favorable terms with clients.
Ability to think strategically and develop long-term plans for business growth.
Strong networking skills to identify and connect with potential clients and partners.
Ability to manage multiple projects simultaneously and meet deadlines.
Understanding of financial principles and the ability to create budgets and financial projections.