How to Become a Business Analyst?

There is a burgeoning demand of professionals who can effectively recognize business requirements, devise solutions and execute plans that help businesses in accomplishing their goals. Known as ‘Business analysts’, such people work in a diversified range of industries across various job profiles. The business analyst job has become synonyms with IT specialists. As an analyst, you act as a viable link between business needs and the technology which is employed in the company.

Nowadays, the scope of business is very wide. You can work with the independent firm, where you need to use your expertise on particular projects, or you can work within a particular industry, like transport or banking.

Business analyst job requirements-

While it is not an exhaustive list, but an analyst would be expected to do the following tasks-

1= He needs to maintain cordial relations with clients
2= He has to make sure that all projects are following the deadline
3= He needs to develop and present ideas to the management
4= He imparts training to technical staff

Requisite qualifications

There are no particular qualifications required to get a business analyst job, although, a bachelor degree is required for the entry-level business analyst position. Usually, top-notch companies prefer to hire candidates who have a degree in business administration. A prior experience would be an added benefit. These analysts come from different educational backgrounds. An IT background can be beneficial in certain areas.

Required skills and traits

In order to find a lucrative business analyst job, a person should possess strong technical knowledge along with communication skills. Apart from these, you should have the following traits-

1= Negotiation skills
2= Managerial ability
3= Persuasion skills
4= Analytic
5= Team building ability
6= Strategic thinking

Career prospects

As there is a high demand of analysts in industries for improving business performance, employment of these professionals is likely to increase in a near future. The majority of jobs exists with big consultancy firms and you can also explore opportunities in large companies. Business analysts, backed with expertise and educational qualification, are set to enjoy flourishing career prospects. These analysts are required in almost all industrial sectors, including pharmaceutical, banking, telecommunication, insurance, etc.

Some of the popular job profiles exist in this domain are-

1= Data Analyst
2= Systems Analyst
3= Business Architect
4= Business Consultant
5= Business Process Analyst
6= Requirements Analyst

How much can you expect to earn?

In the past few years, the salary packages of business analyst have sky rocketed. The salary package would depend on a diversified range of factors, including location, company and experience. If you are working with a leading company, then you can easily earn Rs 50,000-80,000/month. Experienced professionals with advanced degree & qualifications can even earn Rs 1 lakh/annum. The IT analyst earns perks also.

Some of the top companies offering analyst jobs in India are-

1= Infosys
2= Wipro
3= IBM
4= Microsoft
5= Google India
6= RCOM
7= Accenture
8= HCL Tech
9= L&T
10= Deloitte

An analyst acts as the savior of the company, if it is moving towards troubled waters due to the bad business practices. When a company appoints a business analyst, then it not only helps in augmenting the functioning of the company, but it also makes it easy to interact with clients.

Some Party Planning Business Information

Are you a party-lover? Do you ever wish you were the one who chose the colors and designs of centerpieces and table cloth? Did you ever think you had a better idea for arranging the event program or doing the invitations? If yes, then it’s time to bring out the party planner in you and start your party planning business. If you think you are skilled in communication, planning, budgeting and organizing, then party planning is your craft. It is now time to get out of the huge pile of paper works and to stay away from your difficult boss.

Start your party planning business as an enterprise and as a form of bringing out the creativity and management skills in you. All you need to do is to hone that keen and detail-oriented person in you. As a party planner, you must oversee all aspects of an event or a party. You need to suggest themes, estimate the budget, send invites, scout locations, pick entertainment and decorations, order supplies, negotiate with vendors, and do the best that you can just to satisfy the client and their guests. Your party planning business does not end with that long list of tasks. During the party, your presence is required to make sure everything falls into place and everyone is having a great time.

A good party planner is expected to know more about holding a party. The more you know the more chances for you to create innovative parties to give your clients a taste of something unique. Running a party planning business requires a knowledge of food and beverages, locations, invitation etiquette, entertainment, gift bags, vendors and people skills. Bands, musicians, disc jockeys are just a few of the many people you can hire for the entertainment options. Card tournaments, bridal shower games, sports activities, auctions and karaoke events are just a few of the many fun activities you can incorporate into a party.

What is more, a planner should a have a good working relationship with vendors. You must be good in evaluating whose products and services are more beneficial for you. Every good planner should have a good list of bartenders, florists, chefs, linen suppliers, entertainers, location vendors and more. The more vendors you know the more chances for you to get the best offers. This also goes along with your ability to relate to other people. A party planner is expected to build some networking to be active in organizations which can help you start and grow your party planning business.

Building Your Coaching Business – Information Marketing – Lots of Clients

Here’s an answer to most of the problems experienced by coaches who are struggling to get more clients. Turn “no clients” or “few clients” into 20% to 70% of the people you touch giving you an appointment.

I do a lot of conference calls with struggling coaches. Here are the struggles that most coaches experience:

Typical Problems Experienced By Coaches

  • Can’t reach the decision maker – get sidetracked to HR and HR puts you in with ALL of the other coaches, consultants, trainers….you are a commodity in their view.
  • Can’t get the decision maker’s attention
  • When you do get to the decision maker, and they even seem somewhat interested, the bottom line statement is “Don’t have time,” “can’t afford that right now,” “I’ve got to keep my nose to the grindstone.”
  • Sending out pre-approach letters, but not getting any response.
  • Cold calling but not getting through, not getting returned calls from voice mail.

Do any of these sound familiar?

One Solution to That Problem

Here’s something that has been working extremely well with coaches I’ve worked with. Some have said they get 20% to 70% appointment setting rates when using this approach.

The first thing to note is to “stop selling” and “start helping.” Be an unlimited resource for everyone you touch, even if you touch them only once. You will become known as THE expert in that field, in your region.

First identify, your target market, if you haven’t already. Make that a narrow niche market. Even if you believe you can help the world, pick a narrow market for this approach and target the messages directly at them.

Send a letter to your target market that mentions that you’ve had significant results in ________ [name the target market], and then define a value statement around that. That means that you will indicate just how much impact you may have made on some people, or companies within that target market. Then tell them that you’d like to share some ideas that have worked with others like them, and will be sending them over the next few weeks.

Then, over 3-5 weeks, send them a printed article each week targeted to a specific problem in that industry. If you have been writing articles in an ezine, then you might also send them to that article online. It adds credibility when you can show that you are published, expert author.

At the end of 3-5 weeks, send a letter asking them how much value they got from your articles, and that you’d like to call some time to ask what they got from the article.

When you call, get them telling you just how much help that was. Ask them to put that into dollars and cents, or time saved. If they got any value at all, ask if you can set down with them over coffee to hear more about their business….

Notice, that at no time did I indicate I have anything to sell. This was all about helping them achieve their goals, and freely sharing information. The doors will be open…unless you go into the “sales” mode, at which time the door will slam in your face.

You have an appointment. Keep that appointment on “exploring their business” not on “selling.” This should get you setting down with 20% or more of your target audience.

What happens if you don’t get the appointment, but they did feel they had gotten some good information. Then ask if they’d like to continue receiving that kind of information. Add them to your newsletter, or email list for ongoing information. Many will find additional value from those emails. You will have another chance.

Upcoming articles:

  • We’ll discuss what to do and say in that meeting.
  • How to use that same approach, information marketing, in networking.

Keep Your Business’ Information Centralized and Organized With Salesforce Development

It’s important to automate and streamline the processes of a business to grow it and help it realize its true potential. It means, the business has to go organized in order to perform its day-to-day operations with superior efficiency. And when operational ease and efficiency is achieved, it becomes easy for any entity to realize its goals and achieve a desired level of success. Besides, businesses would need to store their important data and information in one place if they wanted their employees to access and use them with ease and take prompt decisions based on them.

To realize all these targets, your business will need to invest in a feature-rich and cloud-based customer relationship management system. With this system, every part of the business will get a 360-degree or total view of its customers to understand their needs fully and serve them in a superior way. Being a cloud-based tool, a customer relationship management system also gives your business a chance to be run on any device and achieve its objectives without much difficulty.

A good customer relationship management system is one that helps businesses cut costs on customer acquisition and get a centralized arrangement of customer interaction. It would need to improve customer support if it hoped customer satisfaction to go up. At the same time, it will have to help in customer retention and achieving of marketing targets. Your customer relationship management system needs to come with customization abilities so that your business’ expansion and growth gets accommodated with ease.

By implementing a customer relationship management system, businesses will get a chance to track their marketing campaigns and become aware of their target market and their requirements. More leads and more deals will take place and every sales activity will be tracked with ease. Sales managers remain aware of the targets to achieve and they also know the roles and responsibilities of every team member. With the right set of customer data and information at the disposal, it will become easy to make projections and forecasts.

In addition, an investment in a customer relationship management system enriches businesses with domain-specific data and information which can be leveraged to give a boost to the sales. In this way, only right customers can be approached to curtail the wastage of resources. Thus, your business gets up-to-date information of the target market, which gives it a complete peek into social insights. Above all, all these benefits are availed even without any investment in hardware and software.

Moreover, using a popular customer relationship management system gives businesses a chance to be aware of every customer touch point to know their audience in a superior way. By implementing a feature-rich customer management system, an organization gets an ease of doing business and realizing its goals. The system also helps in collaboration and mobilization which leads to revenue growth. In a way, your business finds a perfect tool to keep its operations organized and remove any flaws at all levels.

With Salesforce development, your business will gain a competitive edge in the market and stay ahead of the curve. This development is about extending the capabilities and competencies of the business so that it can justify its potential and reap prospects in the market. So, invest in Salesforce and grow your business in the desired manner.