Entrepreneurial skills

Entrepreneurial skills
Entrepreneurial skills


So now you’ve decided that you want to get out of the corporate rat-race and be your own boss.

As you start planning on how to start your own business, you need to know where you want to see your self after 10 years. Plan for longer terms.

You need to be strong yourself before even thinking of business. Think of all the skills you really need to be a successful entrepreneur. You really need a broad array of entrepreneurial skills to succeed in today’s competitive market.

Some of important entrepreneurial skills that you can start with :

Time Management:

Every minute is valuable. The most important skill any entrepreneur needs is the managing his time. Many first timer entrepreneurs find themselves wasting their time on phone, talking to clients,  filing and developing binders for clients that do not exist, inability to delegate,  poor planning or lack of objectives. Schedule your day and stick to your schedule.

Keep a slotted time for all important calls and meetings. Focus on business plan rather than activities.

Knowledge :

Every entrepreneur needs to have good knowledge of their product and their business. You need to know how your product can help users and how it works. Note down all the points where your product is better than others in market.

Sales and Marketing:

As an entrepreneur, you need to figure out what type is best for your services or products. All entrepreneurs will benefit from sales seminars, books and motivational programs.

Try not to stick with just one sales strategy. As the market keeps on changing, the effect of sales strategy will also change.

Accounting:

As an entrepreneur, knowledge of finance is a must. Track all expenditures and invoices. Track your growth, account for future expenditures and returns on investment.  Keep record of every single penny you are spending and along with time you are putting in.

Know the Numbers:

Do a good research while coming up with prices for your product. Do not jump start with high prices when your product is new. Start with market price  or may be little lower initially till you have a good word of mouth or people start considering you as a brand and wont hesitate in buying your services.

Networking

Networking is an important part of marketing and sales. People like to communicate with people and a good entrepreneur needs to have a good network. Making a network is lot easier and cost effective now as it was before with the help of networking sites like linkedIn, ryze and many more.

Article publié pour la première fois le 10/11/2010

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