Running your own business means having to wear all different types of hats. Whether it’s your marketing hat, your sales hat, or your general people skills hat, you’re going to need to know how to court sales, and on the other side of operations, you are also going to need to know how to run a balanced account and continue to grow your wealth. Though there are many business skills that a successful entrepreneur will have, the following five skills are the ones that you absolutely need to make your business successful:
1. Business Leadership
The activity of leading a group of people or an organization. Business Leadership involves: establishing a clear vision, sharing that vision with others so that they will follow willingly. Providing the information, knowledge and methods to realize that vision. Business leadership is the the most essential skill every entrepreneur must acquire, because the entire success of the business lies on the leaders or entrepreneurs ability to manage people and resources altogether.
This is an ability to put yourself in the space of another to feel what they feel..I know some one may ask how that affects business. But be rest assured that it is people that drives our businesses as entrepreneurs. Especially the team we build to build the business process. This emotional intelligence skill allows a much more deeper connection between you and the team that works with you. If you want people to go the extra mile with yu or for you, you must be able to know how to connect to their most essential needs emotionally. And it’s simply by making sure you are with them in whatever storms or condition they are in at any giving time.
3. Creative Thinking & Management
Creative Thinking and Management is one super skill, that if its lacking, an organization can’t really excel or reach its full potential. As a leader/Founder/CEO you must be able to think creatively and out of the box… And most importantly you must be able to think on your feet. And you must also be able to manage people who think completely different from you.. If everybody in your organization thinks exactly like you do, then there is a potential danger, because soon, it will be just one person thinking and that will be you alone.. ou must attract people whose thinking disrupts the norms in the market or society to be able to embrace a wider scope of reasoning. My new book Creative Positive Thinking will surely help you through on thinking creatively and managing creatively.
4. Strategic Planning
Taking one bad step can make or break your business, especially when it is still in the early stages of development. Entrepreneurs that are successful with their ventures make strategic plan, stick to it and if need be, change when required. Thinking out every risk, benefit, and cost of an option available to them. They also make their plans realistic and factor in things such as time and budget in order to make their plans a reality.
5. Effective Communication
Communication is an underlying skill for many others in business (sales included). Communication is how you will be able to cultivate loyal employees, charm customers into coming back time and time again, and court investors and other sources for increasing revenue for your business. This skill can also come in handy when dealing with vendors or any other necessary business services that may apply to your venture–being friendly in business-to-business relationships is a sure-fire way to be treated a little bit better, therefore making at least one aspect of your job a little bit easier.
This one is a no-brainer–of course you are going to need sales skills in order to run your business! After all, marketing can drive customers in to your business, but sales are going to be what keeps them coming back and keeps putting money into your pocket. It is no wonder why most entrepreneurs actually come from a sales background!
7. High Customer Focus
Successful entrepreneurs keep a narrow focus–on the customer that is paying their bills. They do not forget that everything that they do is for the customer, since the customer is the one that is allowing them to do anything in the first place. A good business owner will always have time for a customer, whether they have a complaint or praise. Having good customer focus will mean that you see every customer as an opportunity to do better and grow, versus an annoyance or a difficulty.
8. Curiosity & Continuous Market Research
The best business skill has always been a healthy curiosity. This will lead you to look into what your competitors are doing, and it will also allow you to utilize new technologies to the best of your ability to streamline your business and even reach out to new customers. When the only limit you have is what you can imagine and apply, just about anything is possible.