A new business manager is responsible for reaching out to existing and potential clients and identify new business opportunities that would generate more revenue resources for the company and increase profitability. Business managers supervise client portfolios and ensure long business relationships by maintaining the highest client satisfaction and efficient deliverables. They also analyze the financial status and sales performance of the company and determine techniques to minimize loss and increase productivity. A new business manager studies recent market trends to develop services that meet public demands and interests.

New Business Manager Responsibilities

Here are examples of responsibilities from real new business manager resumes representing typical tasks they are likely to perform in their roles.

  • Manage the logistics of seating teams and functional units in this overcrowd call center.
  • Manage the daily operations of a 30-plus-person team of coordinators and new local associates during periods of multi-store openings.
  • Manage a portfolio of inpatient and outpatient products market to major academic medical centers, community hospitals and nursing homes.
  • Increase VW new car sales from 90 to 120 per month average, along with PVR, CSI and ESI.
  • Maintain dealership CSI score above zone average for sales satisfaction.
  • Train new issue coordinators as they come onto the team.
  • Implement the new hire training program, including logistics, trainers, and training materials.
  • Work collaboratively with new business and sales teams on RFP's, meetings, and presentations.
  • Collaborate with new business team on RFP submissions and client presentations gathering key input from both internal/external individuals.
  • Set up and train production staff to utilize QuickBooks for assembly company inventory system for accurate information provide to commercial customers.
  • Subject matter expert on annuities for all carrier contract by firm.
  • Process rental payments, delinquency notices, evictions, and other property specific communications.

New Business Manager Skills and Personality Traits

We calculated that 24% of New Business Managers are proficient in Customer Service, Business Plan, and Business Development. They’re also known for soft skills such as Communication skills, Leadership skills, and Management skills.

We break down the percentage of New Business Managers that have these skills listed on their resume here:

  • Customer Service, 24%

    Focused on providing excellent customer service while getting applications approved as quickly as possible using professionalism at all times.

  • Business Plan, 11%

    Prepared annual business plan and placed plan into action to exceed corporate expectations for processing quality and processing volume standards.

  • Business Development, 9%

    Order and track missing underwriting requirements from vendors and provide spreadsheets of tentative offers for business development as necessary.

  • Lead Generation, 7%

    Identify potential business opportunities through networking events, industry research and online lead generation.

  • Gross Profit, 6%

    Led sales training that created an increase in sales volume of 40% and gross profit of 30%.

  • Sales Process, 5%

    Managed distribution of new product inventory to maximize store sales, coached staff on sales process and prepared customer presentations.

Some of the skills we found on new business manager resumes included "customer service," "business plan," and "business development." We have detailed the most important new business manager responsibilities below.

  • Arguably the most important personality trait for a new business manager to have happens to be communication skills. An example from a resume said this about the skill, "top executives must be able to communicate clearly and persuasively" Additionally, other resumes have pointed out that new business managers can use communication skills to "maintained customer relationship management system to document work activity and communication on all assigned cases. "
  • Another trait important for fulfilling new business manager duties is leadership skills. According to a new business manager resume, "top executives must be able to lead an organization successfully by coordinating policies, people, and resources." Here's an example of how new business managers are able to utilize leadership skills: "provided sales and sales leadership, business development, strategic direction and sales execution to distribution throughout the east coast. "
  • Another skill that is quite popular among new business managers is management skills. This skill is very critical to fulfilling every day responsibilities as is shown in this example from a new business manager resume: "top executives must shape and direct the operations of an organization" This example from a resume shows how this skill is used: "managed all phases of the sales underwriting process for new products and assisted in equity order management. "
  • A new business manager responsibilities sometimes require "problem-solving skills." The responsibilities that rely on this skills are shown by this resume excerpt: "top executives need to identify and resolve issues within an organization" This resume example shows how this skill is used by new business managers: "resolved customer complaints by taking direct action whenever possible or routing the complaint to the appropriate person. "
  • As part of the new business manager description, you might find that one of the skills that might be helpful to the job is "time-management skills." A new business manager resume included this snippet: "top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals." This skill could be useful in this scenario: "managed financial data reporting schedules and activities and worked effectively to deliver data on time or ahead of expected schedule. "
  • See the full list of new business manager skills.

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    What Day Managers Do

    A day manager oversees the daily operations of an organization, ensuring everything runs smoothly and efficiently according to company standards and regulations. As a day manager, it is their duty to set priorities and goals, establish timelines and guidelines, manage budgets, delegate responsibilities among teams, and supervise staff performances, solving issues or concerns when any arise. They are also responsible for coordinating with night workers or managers, developing reports as necessary. Moreover, they lead staff to reach goals and implement company regulations and policies.

    We looked at the average new business manager annual salary and compared it with the average of a day manager. Generally speaking, day managers receive $48,426 lower pay than new business managers per year.

    Even though new business managers and day managers have vast differences in their careers, a few of the skills required to do both jobs are similar. For example, both careers require customer service, inventory management, and inventory control in the day-to-day roles.

    There are some key differences in responsibilities as well. For example, a new business manager responsibilities require skills like "business plan," "business development," "lead generation," and "gross profit." Meanwhile a typical day manager has skills in areas such as "pet," "cpr," "safety standards," and "payroll." This difference in skills reveals how truly different these two careers really are.

    The education levels that day managers earn is a bit different than that of new business managers. In particular, day managers are 4.7% less likely to graduate with a Master's Degree than a new business manager. Additionally, they're 0.7% less likely to earn a Doctoral Degree.

    What Are The Duties Of a Manager?

    Managers are responsible for a specific department, function, or employee group. They oversee their assigned departments and all the employees under the department. Managers are responsible that the department they are handling is functioning well. They set the department goals and the steps they must take to achieve the goals. They are also in charge of assessing the performance of their departments and their employees. Additionally, managers are responsible for interviewing prospective candidates for department vacancies and assessing their fit to the needs of the department. Managers also set the general working environment in the department, and they are expected to ensure that their employees remain motivated.

    Now we're going to look at the manager profession. On average, managers earn a $34,744 lower salary than new business managers a year.

    A similarity between the two careers of new business managers and managers are a few of the skills associated with both roles. We used resumes from both professions to find that both use skills like "customer service," "business development," and "customer satisfaction. "

    In addition to the difference in salary, there are some other key differences that are worth noting. For example, new business manager responsibilities are more likely to require skills like "business plan," "lead generation," "gross profit," and "global health." Meanwhile, a manager might be skilled in areas such as "payroll," "food safety," "financial statements," and "management." These differences highlight just how different the day-to-day in each role looks.

    On average, managers earn a lower salary than new business managers. There are industries that support higher salaries in each profession respectively. Interestingly enough, managers earn the most pay in the finance industry with an average salary of $71,781. Whereas, new business managers have higher paychecks in the energy industry where they earn an average of $127,156.

    On the topic of education, managers earn similar levels of education than new business managers. In general, they're 2.6% less likely to graduate with a Master's Degree and 0.7% less likely to earn a Doctoral Degree.

    How a Manager Of Business Services Compares

    Business Service Managers are administrative professionals who oversee different service-related functions in the company. They manage the teams involved in serving various functions. They ensure proper coordination between these teams. \They carefully allocate resources to cover their bases and ensure that services are available at all times. Business Service Managers prepare and draft policies and guidelines related to company services. They also ensure that these guidelines are properly cascaded and are followed by their constituents.

    The manager of business services profession generally makes a higher amount of money when compared to the average salary of new business managers. The difference in salaries is managers of business services making $4,849 higher than new business managers.

    By looking over several new business managers and managers of business services resumes, we found that both roles utilize similar skills, such as "customer service," "business development," and "gross profit." But beyond that the careers look very different.

    There are many key differences between these two careers as shown by resumes from each profession. Some of those differences include the skills required to complete responsibilities within each role. As an example of this, a new business manager is likely to be skilled in "business plan," "lead generation," "global health," and "sales process," while a typical manager of business services is skilled in "cpa," "risk management," "business operations," and "taxation."

    Managers of business services make a very good living in the technology industry with an average annual salary of $110,546. Whereas new business managers are paid the highest salary in the energy industry with the average being $127,156.

    When it comes to education, managers of business services tend to earn higher education levels than new business managers. In fact, they're 6.7% more likely to earn a Master's Degree, and 0.1% more likely to graduate with a Doctoral Degree.

    Description Of a Store Manager

    A store manager is responsible for monitoring the daily operations, making sure of its smooth and efficient performance with the best services provided to the customers. Store managers' duty also includes tracking the budget of the store to ensure that all expenses are meeting the sales goals. A store manager must also be able to plan and share strategies to boost sales performance and provide the needed support for the employees by communicating with them regularly, listening on suggestions, and taking necessary actions for complaints as required.

    Now, we'll look at store managers, who generally average a lower pay when compared to new business managers annual salary. In fact, the difference is about $46,445 per year.

    While both new business managers and store managers complete day-to-day tasks using similar skills like customer service, gross profit, and customer satisfaction, the two careers also vary in other skills.

    Even though a few skill sets overlap, there are some differences that are important to note. For one, a new business manager might have more use for skills like "business plan," "business development," "lead generation," and "global health." Meanwhile, some store managers might include skills like "store management," "retail store," "pet," and "loss prevention" on their resume.

    Now, let's take a closer look at the financials in each career. The manufacturing industry tends to pay more for store managers with an average of $41,968. While the highest new business manager annual salary comes from the energy industry.

    In general, store managers reach lower levels of education when compared to new business managers resumes. Store managers are 6.1% less likely to earn their Master's Degree and 0.9% less likely to graduate with a Doctoral Degree.