Business heads are responsible for monitoring and overseeing the activities of the company and its employees. Small businesses rely on a business manager to keep employees in line with the company’s goals.
Business managers report to senior executives in a large organization, but in a small company, a manager can either be the owner of the company or report directly to the owner. They plan and execute their strategies on how to run a successful business. They have responsibilities and motivate their employers to help their business grow.
A good business head needs to have good analytical skills, communication skills, business management skills. Aspiring business heads can pursue BBA and then MBA from a top MBA college. The average salary of a business head is INR 25,00,000 per annum. Check How to Become a Business Head?
Table of Contents
2.2 Sales Manager
2.4 Office Manager
- What does a Business Head do?
- Eligibility to become Business Head
- Skills Required
- Salary of a Business Head in India
6.2 Top Recruiters
About Business Heads
- Business heads direct the activities of employees, from recruiting, training, and evaluating new staff and ensuring that the company or department is in the process of meeting its financial objectives.
- Business heads can establish and implement budgets, prepare reports on senior management and ensure that the department complies with company policies. Managers also ensure that employees have the resources to complete their work.
- Some business executives perform employee functions, such as performance appraisal, hiring and disciplining employees in their department. Performance appraisals provide an opportunity to set goals, motivate and develop employees.
- Managers motivate employees through motivation and positive feedback. When employees fail to meet the company’s operating requirements, management provides testing that can help employees improve their work.
Types of Business Head
There are different types of business managers. You can explore your job profile in different sectors of a business head.
Marketing Manager
- Marketing managers guide marketing staff in promoting the organization's product, product, or service by developing marketing and pricing strategies, finding and producing business department sales, analyzing market trends, and managing marketing budgets.
- They usually manage the entire marketing team and apply their extensive marketing knowledge and building strategies and objectives that the group will follow closely. They work closely with the marketing team to provide guidance, advice, and clarity on specific projects.
- The marketing manager also reviews any building materials that employees do to ensure that they follow the appropriate product guidelines, avoid any spelling or grammatical errors and meet the strategic objectives they have set for the campaign.
- After launching each campaign, marketing managers submit quarterly, monthly and annual reports and updates on the progress of reviews and feedback from management.
Sales Manager
- The sales manager oversees the sales and operations of the sales department by providing training, guidance, and advice to the team.
- They can monitor the performance of the sales team and develop sales estimates and individual objectives that compel these employees to succeed and increase departmental profits.
- Many marketing managers have a responsibility to provide enough leads for their team to follow, so they can work closely with the marketing department to generate that information.
- Many managers rely on sales executives to handle organizational sales by the department by creating a business plan that includes revenue, cost controls, and sales that the department delivers on a monthly, quarterly or annual basis.
- Sales managers work closely with their team to provide performance appraisal, deliver training sessions and provide sales locations based on the skills and interests of each employee.
Operation Manager
Operation managers work with high human resource responsibilities, such as recruiting new candidates, establishing training standards and guidelines, and improving the overall work environment of employees. They often work to find a variety of ways to improve the company’s organizational processes to create strong performance, quality, and productivity levels for employees throughout the organization.
Office Manager
Office managers handle the completion, efficiency, and productivity of all day-to-day administrative tasks. They can also create organizational production schedules to ensure that employees use all projects on time and within their budgets. These professionals use their organizational skills to oversee the production processes of various projects to ensure that employees purchase all the materials needed to keep the company running smoothly.
What do Business Heads do?
Business heads have so many responsibilities to run a successful business.
- Promoting and developing the company’s brand.
- Finding new business opportunities.
- Building a good relationship with clients, suppliers, and stakeholders.
- Creating business plans and strategies to improve the overall business sales.
- Analyzing and gathering data and information about the market.
- Developing new business partners.
Eligibility to Become a Business Head
To become a business head you need to have years of experience in management. Anyone who wants to become a business head can start early. After completing 10+2 you can get admission for a bachelor's degree course in business and management such as BBA. After getting your bachelor's degree you can study MBA. CAT, MAT, XAT, GMAT, CMAT are the top MBA Entrance Exams that are held every year for admission in various MBA Colleges around India and abroad. Check MBA Admission 2023.
You can also start working in a company and gain some experience till you start your own business.
Skills Required to Become a Business Head
To become a business head you need to have certain qualities and skills. Without having the required skills one cannot become a business head. You need to have a better understanding of the market and the audience.
Communication | Marketing Skills |
Leadership | Problem-Solver |
Financial Management | Critical Thinking |
Analytical Skills | Good-Negotiator |
Market Research | Relationship Building |
Salary of Business Head in India
The national average salary of a business head is INR 25 lakhs per annum. The salary depends on the total annual sale of a business. Even a few years of experience is enough to earn around INR 15-20 lakhs per annum. A business head can earn in crores if the business is doing great.
Experience Wise Salary
As you gain more experience the salary keeps growing. The salary of a business head with experience of less than a year can also earn INR 10-15 lakhs.
Years of Experience | Average Annual Salary (INR) |
---|---|
0-2 Years | INR 5-10 Lakhs |
2-5 Years | INR 10-20 Lakhs |
5-10 Years | INR 20-50 Lakhs |
10-15 Years | INR 50 Lakhs to 1 Crore |
15 Years and above | More than 1 crore |
Top Recruiters
There are many top companies where one can work as a business head. You need a certain level of skills and experience to be a business head. Some of the top recruiting companies where you can work as a business head are given below:
Infosys | |
Amazon | Oracle |
Microsoft | Flipkart |
Samsung | HCL |
Scope of Business Head
Top recruiting companies are looking for business heads who can manage their company. You can even start your business with a few years of experience. You can earn a lot as a business head. The average annual salary of a business head is INR 20 lakhs. The salary keeps growing with experience and business growth. After completing your school one can get a bachelor's degree in business and management and for higher studies, you can do an MBA.
Check Business Courses:
Business Head Jobs: FAQs
Ques. What does a business head do?
Ans. A business head is someone who plans and implements strategies to grow a business. They are responsible for their business growth by creating new ideas for their company. Analyze and gather more information about the market status to develop more new customers for the company to grow the overall sale of the business.
Ques. What are the main entrance exams to get admission to an MBA college?
Ans. CAT, MAT, XAT, CMAT, GMAT are some of the important entrance exams to get admission to top MBA colleges.
Ques. What is the maximum age limit to become a business head?
Ans. There is no age limit to become a business head of a company. Anyone with years of experience and skills required for this job can become a business head of a company.
Ques. Is it worth becoming a business head?
Ans. As a business head, you have all the responsibilities of your business but it is worth enough. Business heads are paid a lot of money compared to any other job. You can have complete freedom for your role as there is no one to direct you.
Ques. What are the top responsibilities of a business head?
Ans. Promoting and developing the company, approaching new customers, finding new opportunities for the business, building relationships with other companies for partnership, planning for business growth in the future are some of the main responsibilities of a business head.
Ques. What is the minimum average salary of a business head?
Ans. The minimum average salary of a business head is around INR 10-20 Lakhs per annum. With experience, it increases even more.
Ques. What is the minimum qualification required to become a business head?
Ans. After completing your 10+2 you can apply for a bachelor's degree in business and management. One can even get a higher degree such as an MBA to become a business head. But there is no such requirement. If you have enough knowledge on how to run a business you can simply become the head of a business. With experience, you will learn more and will improve your skills.
Ques. What are the different types of business heads?
Ans. Marketing Manager, Sales Manager, Office Manager, Operation Manager, Financial Manager are some of the different types of business heads where you can work.
Ques. What are the opportunities as a business head?
Ans. As a business head, you can work in some of the top companies and gain experience. You can work in different positions at other companies.