Singapore Flexible Jobs (FlexiJobSG)

Singapore freelance, part-time, temporary/contract, and/or work-from-home jobs

Thursday, 14 September 2006

 

CAREER STRATEGY

 

Sales & Marketing – The Best Job In The World?

 

How To Achieve Job Security And Phenomenal Career Growth?

Like many Americans, many Singaporeans have been told to study hard, get a good degree and a good job. However, this `time-proven’ strategy is not working today. During the 2001 recession, many fresh university graduates were temping as clerks while today, many ex-managers are still unemployed. What Robert Kiyosaki had written about the U.S. in his bestseller “Rich Dad, Poor Dad” has happened to Singapore. Singaporeans should therefore heed another golden advice of Kiyosaki to achieve job security and phenomenal career growth: Learn how to sell. Why?

Businesses will only retain and reward those who are critical during a recession - those who can make money. So, who are they?

 

How Do Businesses Make Money?

The profit and loss statement shows how businesses make money.

 

Revenue

(Expense)

Profit

 

How do businesses increase profit?

1.      Increase revenue

2.      Decrease expense

 

In a recession, businesses are under great pressure to increase revenue and/or decrease expense. They will therefore retain revenue items (e.g. marketing, sales staff) and fire expense items (e.g. accountants, administrators). The term “front office” often refers to all revenue-generating jobs while “back office” refers to all expense-incurring jobs.

 

Outstanding Back Office Workers Can Face The Sack

It is better to be a good front office employee than an outstanding back office employee. A very outstanding back office employee will still face the sack if the business is not earning enough to keep him. On the other hand, a front office employee will keep his job as long as he can bring in decent revenue.

 

Why Is The Front Office Favoured Over The Back Office?

You can have the best and cheapest product in the world. But if no one in the world knows, you are doomed! Ironically, many businesses with inferior products actually beat their competitors. Thus a progressive business can never have too many revenue-generating staff.

 

The Front Office Creates Jobs For The Back Office

Like it or not, the front office brings in business and creates jobs for the back office. As such, the front office is to be respected and appreciated.

 

Sales And Marketing Staff Enjoy The Highest Salary Increase

Sales and marketing staff typically enjoy the highest demand and salary increase. This is well-attested by international recruiters. This is not so for the back office.

As James Rushworth, associate director at Michael Page International, admitted '. . . in a support function, you're never going to double your base salary as bonus'. (Business Times, 31 Jan 2006, “Foreign banks to dole out fatter bonuses this year”)

 

The Route to Entrepreneurship & Financial Freedom

In this age where job security is extinct, entrepreneurship (i.e. taking matters into your hand) is an attractive route to financial security. However, as the profit and loss statement shows, every entrepreneur must be able to bring in revenue to survive. Thus it is not surprising that many successful entrepreneurs had been in sales or marketing. Thus embarking on a front office job prepares one for entrepreneurship.

 

More Information

Look out for part 2 of this article. In the meantime, contact us for more information.

 

Reference

Robert Kiyosaki, “Rich Dad, Poor Dad” (See Chapter 7: Work to Learn)

 

 

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