Business development coordinators work in all industries, and in various parts of creating and improving a business. They may be there from the start of an entire organization, playing a large role in what a company will do and how it will be staffed. Or they may be involved in just one particular function of a business, such as creating the structure of a new department, what it does, and its goal.
A business development coordinator may be trained in one specific field such as information technology, a particular kind of engineering, marketing, or accounting. It depends in which industry they are employed and what needs to be developed. Regardless of their particular field, they must have good foresight and be able to see how a business or a sector will grow when implementing different positions, tools, and techniques. Working hours for this position are usually normal business hours, Monday through Friday, 8 AM to 4 PM. They tend to work in teams with other business development coordinators who may have the same or different specialties. Whom they report to may vary. Some may report to a head of business development while others might report to a vice president, president, or chief operating officer. The tools for use on the job are standard office supplies, computers and telephones.
The requirement for this position is a Bachelor's degree, often in business management, but it can be in one of those related fields that can develop a department, such as information technology or engineering. Several years of experience in one of those fields is also required, as one cannot go from college to developing business without experience in it.
This person is a responsible member in creating all of the businesses we see and use today. Where there is an improvement by a business, a business development coordinator is often behind it. They must have a strong will to innovate while making use of proven successful practices.
Business Development Coordinator Tasks
- Follow up with potential clients and address their hesitations or concerns.
- Work with sales teams and clients to develop effective operational plans and bids.
- Research, develop, and write cost estimates and proposals, including assumptions.
- Manage logistics of responses and pitches, including arranging meetings and coordinating with other departments.