Sun. Jun 16th, 2019

Kitapera

Finance Master

20 Best Business Ideas Of All Time

5 min read

Nearly every entrepreneur clearly knows that depending on a 9-5 job is never the way to go. The freedom, time, and even the income is often a resource a majority of 9-5 workers rarely enjoy.

However, most entrepreneurs suck it up regardless because they lack knowledge of what other fields to venture into.

If you happen to be one of such entrepreneurs, here’s a list of some of the most well-paying business firms of all time.

To become a professional in any of the below career fields, however, a certain level of specialization and educational certificate, like a Bachelor’s degree is required.

Notwithstanding, you don’t need to graduate from an Ivy-league college to thrive in these business fields. Graduating from an affordable business school will equally be a good start.

What’s more important in business is your ability to deliver, drive result and aid company growth. Nothing less.

Most successful entrepreneurs in the likes of Bill Gates never had the highest educational degrees anyways.

Hence, be rest assured that after going through the below list, you’ll get good ideas of where to invest your time and money; and you can expect good ROI in return.

  1.  Mechanical Project Managers

Mean Annual Pay: $76,424

What they do: They plan and manage company projects, making sure they are efficiently done on time and within budget.

  1. Financial Managers

Mean Annual Pay: $130,230

What they do: They handle company funds and take proper approach to drive revenue for a company. They are in charge of helping companies maintain a strong financial ground.

  1. Marketing Managers

Mean Annual Pay: $137,400

What they do: They are concerned with creating or adopting the seemingly best marketing strategies to bolster a company’s growth and profit. They aim to get the right company’s products before the right audience.

  1. Sales Managers

Mean Annual Pay: $126,040

What they do: They oversee the overall sales processes that go on in a company; this involves hiring/firing the sales team, setting sales quotas, and supervising the sales process to ensure the company’s sales goals are reached.

  1. Statisticians

Mean Annual Pay: $84,010

What they do: They analyze and assemble resourceful statistics, otherwise known as hard numbers, to help companies stay alert to the latest marketing trends and the marketing strategies that work.

  1. Production Managers

Mean Annual Pay: $94,062

What they do: They oversee and moderate the overall production rate and speed of the goods and services of a company. They are in charge of ensuring the company products are in their best quality and also at the best rates to minimize wastage of raw materials.

  1. Human Resources Managers

Mean Annual Pay: $117,080

What they do: They oversee and regulate affairs regarding the wellbeing and productivity of the employees. They serve as the direct link between employees and the company’s board of directors, and are in charge of planning, directing and coordinating the administrative functions of an organization.

  1. Personal Financial Advisors

Mean Annual Pay: $118,050

What they do: They help companies review and come up with the best expenses, investments, insurance decisions, etc, to venture into. They deal with the planning of short-term and long-term financial management for companies.

  1. Public Relations and Fundraising Managers

Mean Annual Pay: $119,390

What they do: They plan and coordinate issues relating to the public image of their company. These sought of issues can include fundraising projects and creation of materials to give their organization a clean public image.

  1. Operations Research Analysts

Mean Annual Pay: $84,180

What they do: They use advanced knowledge of mathematical and analytical processes to come up with ways to help companies identify and solve problems, and to make better decisions. They generally help companies to efficiently and cost-effectively manage their business.

  1. Compensation and Benefits Manager

Mean Annual Pay: $118,670

What they do: They oversee the role, well-being, and the benefits enjoyed by the employees of a company. They help companies to inculcate the best health insurance, retirement plans, special benefits, and other issues relating to their employees.

  1. Financial Analysts

Mean Annual Pay: $95,320

What they do: They analyze a company’s capital, expenses, ROI, profits, losses, and all finance-related issues to enable them detect the progress of the company. They help companies to easily detect financial loopholes and to come up with the best approach to contain them.

  1. Purchasing Managers

Mean Annual Pay: $114,130

What they do: They are in charge of the company’s expenses and purchases. Their sole aim is to make sure the best raw materials and other products needed to keep the company running are made available.

  1. Advertising and Promotion Managers

Mean Annual Pay: $113,610

What they do: Choosing the right ad service or promotion strategy, and placing the best-targeted ads and banners to bring in new converts are covered by this sector. They deploy killer ads and promotion tactics to boost a company’s exposure and sales.

  1. Compliance Managers

Mean Annual Pay: $111,230

What they do: They ensure the legal rules and regulations that control how businesses run are strictly followed. They stay up to date with the latest adjustments in various legal issues to maintain a safe running company that stays in line with all legal issues. They generally work to prevent organizations from facing legal charges that could ruin their company as a result of disobedience to the law.

  1. Sales Engineers

Mean Annual Pay: $107,160

What they do: They closely study complex scientific and technological company products and services to learn how they work, and they, then, come up with ways to showcase and sell these products to businesses and personnel who are in need of them.

  1. Architectural and Engineering Managers

Mean Annual Pay: $138,720

What they do: They direct, review, coordinate and manage technical activities of a company such as creating new projects, managing product development teams, deciding projects budget, creating project design, and related company activities.

  1. Search Marketing Strategists

Mean Annual Pay: $87,310

What they do: They analyze big data like audience statistics, and review lots of marketing tactics like social media marketing, sales promotion marketing, and then employ the best tactics to a company’s marketing system to boost brand exposure, enable more sales and generate more leads.

  1. Computer and Information Systems Manager

Mean Annual Pay: $136,280

What they do: They are in charge of deciding and implementing the best IT goals of an organization. They plan, coordinate and control IT-related activities such as creating a well-optimized website and equipping it with a great UX/UI to ensure their company isn’t left out in the quickly advancing tech-world.

  1. Training and Development Managers

Mean Annual Pay: $111,680

What they do: They organize programs, seminars, and other activities to educate the employees of a company to enhance their knowledge and skills. They oversee the wellbeing of the staffs and come up with ways to increase their knowledge to further boost their productivity.

References:

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