Job Description

Business Director Business directors can work in a range of different industries managing the development of a business' goals and objectives through Business Director Business directors can work in a range of different industries managing the development of a business' goals and objectives through coordinated operational activities. This is typically a full-time job that is carried out in an office environment. Many business directors work overtime and usually find that they work over 40 hours a week to meet the demands of the job. Business directors need to be strong communicators and negotiators, have excellent leadership and managerial skills, and be comfortable devising strategies and business plans to help staff work towards goals that benefit the company. Business Director Duties and Responsibilities The type of organization business directors work for will determine the exact duties they're responsible for. Based on job listings we analyzed, a business director's core tasks typically involve: Establish Company Policies Business directors establish effective goals, sales targets, and policies that will benefit the organization and increase revenue. They work with departmental heads to outline procedures that will meet growth objectives. Oversee Budgets and Financial Activities They analyze financial statements and audit summaries to oversee the organization's financial and budgetary activities, so that they can make recommendations for improvement and see where the company is failing and succeeding in terms of revenue. Identify Cost-Cutting Measures As part of the statement and sales report analysis, business directors are responsible for finding ways to cut costs and improve financial performance. This may be through finding a more efficient system for different departments or looking at policies to find ways to cut back on expenditure. Negotiate Contracts Business directors negotiate with suppliers and clients to determine the best deal for the company. They manage sales and work out the best way to market the organization's goods or services to new clients. Build Relationships with Clients These directors build and maintain relationships with existing and prospective clients to encourage good business relations and networking for future contract opportunities. Business Director Skills and Qualifications Business directors are strong leaders who comfortably managing teams and organizations towards shared goals and strategies. They employ critical thinking to make decisions that benefit the company and its targets. Typically, employers will require a minimum of a bachelor's degree in a business-related subject, as well as the following abilities: Leadership Skills - Business directors need to be able to manage an organization by successfully coordinating staff, resources, and implementing policies effectively, so strong leadership skills are vital to this position Time Management - Business directors work on various tasks at once and need to be self-motivated, as often they are completing these tasks under their own direction. Time management and the ability to prioritize tasks is vital to ensure goals are met Problem-Solving Skills - As issues arise within an organization, business directors need to be able to identify them and resolve them quickly and efficiently for the sake of the business Decision-Making Abilities - A key part of being a successful business director is the ability to make decisions that benefit the organization and work towards goals, strategies, and policies. They make decisions on a regular basis and choose the best course of action Communication Skills - As someone implementing policies and business strategies, business directors need to be able to communicate with staff, stakeholders, and clients effectively. This may be in the form of giving instructions, explaining plans, or negotiating with external companies Business Director Education and Training The minimum requirement to become a business director is a bachelor's degree, preferably in business administration or a similar subject, although we prefer applicants to have a master's degree in business administration (MBA). Many people in this role progress within a company through advancement, moving up from lower level management occupations, but there are still many opportunities to gain employment from outside organizations. At this level, we will expect to see demonstrable experience in managerial roles. WHAT DOES A BUSINESS DIRECTOR DO Business directors are responsible for overseeing the development of an organization's business goals and objectives. They typically work to increase business revenue, identify and develop business opportunities, and expand the company's presence and its brands. Other duties and responsibilities may include establishing effective company policies, goals, and sales targets, overseeing financial and budgetary activities, and identifying ways to minimize cost and boost financial performance. Business directors are also expected to negotiate contracts with clients and suppliers and propose and develop new partnerships. Here are examples of responsibilities from real business director resumes representing typical tasks they are likely to perform in their roles. Select and manage vendors providing advertising, printing and internet services, ensuring both short- and long-term expectations achieve. Negotiate and manage vendor relations using SLA's and metric management. Manage publicity online, in medias such as Facebook and Instagram. Follow Sarbanes-Oxley (SOX) compliancy rules in achieving violation free audits. Lead architecture, design, development, QA and operations for a local phone service ordering communications gateway. Lead a team to build new revenue opportunities of SaaS portfolio from grind floor through new strategic partnerships. Teach, train and maintain knowledge of current Medicare and Medicaid updates. Enter claims into Medicare system bill Medicaid and long-term care policies. Obtain ISO 9002 and UL (quality and product safety) certifications. Establish a presence on social-networking sites such as Facebook, MySpace, etc.