Entrepreneur in Residence

4 weeks ago

mumbai, India Truemeds Full time

Job Description: Entrepreneur in Residence (EIR)


The Entrepreneur in Residence (EIR) plays a critical leadership role within the organization, driving innovation, growth, and strategic direction. This individual will work closely with the executive team and other key stakeholders to explore new opportunities, identify growth strategies, and enhance operational efficiency. The EIR will be responsible for making high-level decisions on both strategic and operational matters, while also managing financial, marketing, and administrative aspects of the business. The ideal candidate is a dynamic, hands-on leader with a strong entrepreneurial mindset who can pivot across various roles within the company to ensure its continued success.


Key Responsibilities:


Business Strategy & Growth:


1.Seek out and explore new business directions, opportunities, and strategies to drive company growth and profitability.

2.Lead the identification and development of new revenue streams, partnerships, and market opportunities.

3.Make final decisions on strategic and high-impact operational matters, ensuring alignment with the company's long-term vision.


Financial Oversight:


1.Oversee the company's financial health, including budgeting, forecasting, and financial reporting.

2.Secure new lines of credit or other financing options to address unforeseen financial needs and ensure smooth operations.

3.Monitor cash flow, financial risks, and investment opportunities to support sustainable growth.


Marketing & Brand Development:


1. Develop and oversee the overall marketing plan, aligning it with the company's strategic objectives.

2. Set the direction for the company's brand image and ensure consistency in messaging across all channels.

3. Guide the team in marketing campaigns, product positioning, and market penetration strategies.


Leadership & Decision Making:


1. Provide visionary leadership that inspires teams across all departments.

2. Lead the charge on new initiatives, fostering a culture of innovation and entrepreneurship within the organization.

3. Collaborate with department heads to ensure alignment between strategic goals and day-to-day operations.


Stakeholder Engagement:


1. Act as the primary point of contact for key stakeholders, including investors, partners, and clients.

2. Build and maintain relationships with external stakeholders, ensuring the company's interests are represented and pursued effectively.


Innovation & Product Development:


1. Drive the research and development of new products or services to maintain a competitive edge in the marketplace.

2. Evaluate market trends and customer feedback to inform product enhancements and new launches.


Risk Management:


1. Identify potential risks to the business, including operational, financial, and reputational risks, and develop mitigation strategies.

2. Ensure that all legal and regulatory requirements are met to safeguard the company's interests.


Qualifications:


1. Proven experience as a founder, CEO , or senior executive in an entrepreneurial environment.

2. Strong financial acumen with experience in financial management, fundraising, or securing credit lines.

3. Expertise in business development, marketing, and brand building.

4. Strong problem-solving and decision-making capabilities, with a proven track record of handling complex challenges.

5. Ability to manage multiple tasks and projects in a fast-paced, dynamic environment.

6. Experience in managing and leading cross-functional teams, with a hands-on approach when necessary.


Skills:


1. Entrepreneurial mindset with a passion for business growth and innovation.

2. Strategic thinking and the ability to execute long-term goals.

3. Strong leadership qualities with the ability to inspire and motivate teams.

4. Proficient in financial planning, analysis, and risk management.

5. Excellent project management and organizational skills.

6. Adaptability and ability to pivot quickly to meet changing market conditions.

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