Business Manager
SaveIf you've ever found yourself wondering why your business isn't meeting your goals, then transitioning into a career as a Business Manager could be the perfect fit for you. Business Managers increase performance by developing and implementing plans and policies to improve operations and processes. As a natural problem solver with a desire to improve productivity, as a Business Manager, you will be responsible for budgets, vendors, staff performance, and strategic plans in various industries. Many professionals in this field have backgrounds in accounting, finance, sales, or operations.
Educational Background
To pursue a career in business management, most employers prefer a bachelor's degree in business administration, economics, or finance, though this isn't a requirement. Note that some organizations may require an MBA (Master of Business Administration) for senior-level positions.
Relevant coursework in financial accounting, management, marketing, and economics can provide you with a well-rounded foundation for entry-level roles.
Skills & Knowledge
Successful Business Managers are strategic, detail-oriented, and have excellent problem-solving skills. You must be able to communicate effectively with individuals from all walks of life and be comfortable with data analysis. Individuals in this industry must also be highly organized, analytical, and results-driven. Certifications can be pursued to help you stand out as a job candidate and include:
- Certified Business Manager (CBM)
- Certified Manager (CM)
- Certified Administrative Manager (CAM)
- Project Management Professional (PMP)
Day-to-Day Responsibilities
Business Managers play a critical role in the day-to-day operations of a company and oversee many aspects, which may include:
- Preparing budgets and managing finances
- Overseeing staff performance and ensuring that deadlines are being met
- Identifying and solving problems that arise
- Developing and implementing policies and procedures
- Collaborate with other departments to ensure that all goals are aligned
- Planning and organizing projects
Career Growth
With experience, Business Managers can advance to senior-level positions, such as Director of Operations or Chief Operating Officer. Some may even choose to start their own businesses due to the versatile skillsets they develop.
Transferable Skills
The skills you develop as a Business Manager are transferable to other careers, such as:
- Project Manager
- Operations Manager
- Consultant
- Business Analyst
Personal Growth
Working as a Business Manager provides opportunities for personal growth, including:
- Developing strong leadership skills
- Improving your decision-making abilities
- Becoming more organized and efficient
- Gaining a better understanding of how businesses operate
Personality Traits & Interests
Individuals who excel as Business Managers tend to be:
- Strategic
- Detail-oriented
- Problem solvers
- Communicators
- Organized
- Analytical
- Results-driven
Self-Guided Projects
If you're interested in a career as a Business Manager, there are several self-guided projects you can complete to better prepare yourself for the role:
- Develop a business plan for a new product or service
- Create a budget for a small business
- Conduct a market analysis for a particular industry
Online Courses
Online courses can be a great way to learn the skills and knowledge you need to become a Business Manager. Some courses may cover topics such as:
- Business administration
- Finance
- Marketing
- Management
- Project management
Online courses offer flexibility and can be completed at your own pace. They can also be a great way to network with other professionals in the field.
While online courses can be a helpful learning tool, they are not enough to guarantee success in this career. You will need to supplement your learning with hands-on experience, internships, and networking.
