How to List Business Management Skills on a Resume: Best Skills and Examples

Business Management Skills | Best Skills & Examples | Resume.com

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Business management skills are essential to the growth of a company and are highly sought after for many types of positions within a business. Both small businesses and large corporations rely on quality business managers to increase profits and improve efficiency. Discover how listing business management skills on your resume can demonstrate your ability to grow within a business and support its bottom line.

What are business management skills?

Business management skills are the knowledge and abilities that contribute to increasing profits, attracting customers, managing employees, and making deals within a business. They include both interpersonal skills and technical knowledge because business management can encompass many different responsibilities. Anyone who makes decisions or sets procedures for a company needs business management skills to effectively support their goals.

Why are business management skills important to include on a resume?

Business management skills should be included on your resume because they indicate your ability to promote a company’s success. Hiring managers look for business management skills for many types of positions because they indicate a candidate’s potential for growth. Listing business management skills on your resume displays your ability to commit to a company’s goals and follow through on projects, making you a more attractive candidate to employers.

Popular business management skills to list on a resume

Here are some of the best business management skills to strengthen your resume.

Budgeting

All businesses must keep a balanced budget to remain successful, so they seek out candidates with budgeting skills to contribute to their financial success. Being able to manage a company’s finances and keep accurate records requires attention to detail, the ability to prioritize, and decision-making skills. Listing budgeting skills on your resume also demonstrates a high level of responsibility and accountability for how your actions influence a business.

Financial literacy

In addition to budgeting, being able to understand other financial subjects such as investments, loans, and economic fluctuations can help you develop your financial literacy. Financial literacy within a company involves knowing how to navigate different financial situations as a business. Many employers look for candidates with advanced financial literacy skills to manage different departments and carry out business initiatives.

Contract negotiation

Contract negotiation is a business management skill that helps secure beneficial business partnerships, manages human resources, and gains clients or customers. People with experience negotiating contracts are skilled in research and interpersonal communication. Businesses often expect most of their top employees to have contract negotiation skills that they can use to benefit the company’s financial success.

Customer service

Having strong customer service skills can help you communicate with others and build professional relationships to support a business. Business management involves promoting the company’s voice and brand through positive customer interactions. Listing customer service on your resume shows that you will be able to model excellent behavior for other employees and effectively manage difficult interpersonal situations.

Marketing

Marketing knowledge and skills attract and retain customers to increase profits for a business. They require innovation and creativity alongside an understanding of data analysis. Marketing skills are useful in many different leadership positions within a business. They are especially useful for jobs that work directly with advertising a business’s products and services.

Project management

Being able to successfully manage projects shows that you have the skills to manage key responsibilities within a business. Many different businesses develop their products and services through smaller projects and will seek out strong leadership to make them more successful. Project management also indicates organization, teamwork, strategic thinking, and motivation.

Business software proficiency

Employers seek out candidates who have the skills to efficiently use several types of common business management software and technologies. Being able to use word processors, payroll software, databases, and other technical programs will show your ability to quickly adapt to a leadership role within the business.

How to list business management skills on a resume

Follow these steps when listing business management skills on your resume.

1. First, focus on accomplishments

Your business management skills will be much more impressive to employers if they are supported by your accomplishments. Explain how using your business management skills at a company improved the business or helped them reach a goal. Focusing on how different skills contributed to your accomplishments shows employers that you are confident in your abilities and have the experience to support future success.

2. Next, match your relevant skills that are specific to the job

When listing business management skills on your resume, be specific about how they apply to the position. Including specific measurements, statistics, or feedback on your resume provides employers with evidence of your business knowledge. Employers look for measurable results from the methods you use to manage business practices in the past.

3. Finally, research the employer

Take steps to understand each company’s business management style by researching the company. Many businesses share their mission statement and values on their website, which you can use to learn about what business management skills they are looking for in candidates. Depending on the size and industry of the company, they may be in different stages as a business and look for different skills when hiring new employees.

Tips for improving business management skills

Use these tips to improve your business management skills and strengthen your resume:

Find an experienced mentor

You can learn many business management techniques and get valuable advice from an experienced mentor. Look for someone willing to share their strategies and industry knowledge and provide career advice. Having a mentor can help you learn from challenges and actively apply feedback to your business practices.

Read about business trends and concepts

Reading books and articles about business practices can help you hone your business management skills. It can keep you aware of new trends and practices that could benefit your company and increase profits. Reading about business concepts that you are not familiar with can also help you become more innovative as a manager.

Take online classes

If there is a particular part of business management that you find challenging, look for courses that could develop your skills in that area. If you want an advanced understanding of a particular topic, classes can provide structure and often apply business concepts to real examples and scenarios.

Seek out responsibility at work

Gaining practical experience in managing aspects of a business is a great way to grow your skills. Seeking out more responsibility on projects can give you the experience and confidence you need to succeed in business. Working alongside more experienced business professionals on a project can help you learn business management skills on the job.

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