Role of a BDM

1. Investigate the economic conditions surrounding your small business activity such as industry trends and competition.
2. Conduct extensive market research prior to starting up your business and continue gathering information throughout the life of the business.
3. Prepare a detailed business plan so you will not lose sight of your goals and objectives.

4. Secure sufficient financial resources for future development or expansion.
5. Contact professional advisors such as an accountant, banker and/or lawyer to provide expert information about your business.
6. Network with other small businesspeople; establish a support group. Remember, you are not alone.
7. Attend workshops, trade shows, and seminars to keep up-to-date on changes in the industry.
8. Adopt a team approach; work with others in pursuing common goals.
9.Understand the skills and qualities you bring to your business.
10. Develop a situation analysis of your company including its strengths, weaknesses, opportunities and threats to assist in the development of a strategic plan for the future of the business.

In general, a business manager is responsible for running the business day-to-day. Whether, a managing director in a medium-sized company or a business unit director in a large corporate organization, this general management role is crucial to hold the business together, and to lead the changes which will ensure future success.