Operating a business is not a piece of cake, and the operations require more than just money and planning. The cash and plan will be of no use if the team members for the business are not motivated and willing to do the appointed task responsibly. There is a whole team for various operations in a firm like for selling a product requires a sales team, for employee welfare and other official works, a Human Resources (HR) manager is needed. Similarly, to ensure the growth of the business, and for the generation of new leads and research work, a business development executive is an essential part of the firm.
A business development executive is a person with the role of actively coordinating with different teams, and the role demands exceptional interpersonal skills. The business development executive needs to find ways to work on new business proposals and presentations which are used to display an organization’s products and services.
Business Development Executive Responsibilities
A business needs to work on its strategies and existing clients to improve their market as well as look for new business opportunities and clients for the steady growth of their business. This is where the business development executive showcases their skills and take care of the responsibilities that are given to them:
- Finding new leads for sales
- Prepare pitches and deliver them for the products and services
- Maintaining relationships with existing customers
The position is crucial in the business and requires a unique set of skills, and some of them are:
- provide quality leadership to a large team of sales
- good with numbers
- strong communication and IT fluency
- In-depth knowledge of the industry and current events
- to work well under pressure and meet deadlines
- well with time management and organization
Business Development Executive Salary
Business Development Executive plays a vital role in business, and if you’re entering this field in the industry, then the starting for a fresher range from Rs.2.3 lakhs to Rs.3 lakhs per annum. With time and experience in the area, the salary increases and reaches Rs.6.5 lakhs to Rs.7 lakhs per annum. The average salary for the field is Rs.3.5 lakhs per annum.
Business Development Executive Interview Questions
If you are preparing for the job profile of a business development executive, then here are a few common questions that you can expect from the employers.
Question 1. Have you had any previous experience in sales? If yes, what were your roles?
The answer to this question would depend on the experience of an individual. They can give information about their previous job and what responsibilities they had.
Question 2. How do you feel about working to targets or deadlines? How do you handle things under pressure?
A highly motivated and energetic individual would be up for accepting challenges and working to targets. One of the responsibilities and required skills for the job is this.
Question 3. Look around you and find an object and try to sell it to me.
It is essential to test the skills an individual has and whether they can sell anything and everything. This would test their skills, key selling points, techniques.
Question 4. What keeps you motivated in your work when you are having a bad day?
Any candidate who is enjoying their work would always focus on the positive things about the business. Completing the given task should be the priority of any business development executive, and this answer would also depend on their own choices.
Question 5. What are the contracts?
The person entering this field should know that contracts are basic legal terms, and it should be an easy task for them to notice the red flags within T&Cs, Privacy Policies, and other legal documents.
Question 6. What have you learned from the mistakes on the job?
No candidate is perfect, and everybody makes mistakes on their job, and it is essential for them to know about it and talk about it. Learning from your mistakes is important as it helps in improving your work.
Question 7. Why do you enjoy this line of work?
This answer should come straight from a candidate’s heart as this is the time and response, which would help the employer to decide whether they should hire you or not for the job.