Thursday, September 3, 2015

5 Must Have Skills for Successful Entrepreneurial Ventures

Operating your own business venture means more than just having to understand one aspect of business. Operating your own business means understanding your businesses marketing strategy, your sales strategy, and strengthening your personal and communications skills.  It is imperative to possess the understanding of the art of courting sales and aligning your strategic operations. More importantly, you are also going to require a strong focused mission and vision to maintain the alignment of your entrepreneurial ventures so they stay balanced and continue to grow.
Successful entrepreneurs are not developed because they partook in a particular course for a particular degree.  Successful entrepreneurs are successful because of their attitudes and their understanding several key skills.  There are many skills entrepreneurs possess, however the following skills seem to be shared by more successful entrepreneurs Though there are many business skills a successful entrepreneur possesses, the following five skills are personality traits which contribute to the true success of an entrepreneur.  
Shark Tank's Daymond John on Lessons From His Worst Mistakes.  




1. Natural curiosity
A healthy natural curiosity is limited only by your imagination, inspiration, innovation and an understanding of how all three lead to developing necessary changes to current products or services.  Curiosity leads to the development of new and innovative products and services which meet the current customer’s needs and wants. With a natural curiosity, just about anything is possible.

2. Planning and Implementation
Where curiosity if the spark planning and implementation is the fuel.  Establishing realistic milestones to measure progress can only be done by developing a plan and implementing your plan and staying focused on the overall goal.  Planning and implementation risk factors, benefits and liabilities, costs and options. Planning and implementation must follow a realistic timeline and budget for any venture to come to fruition.

3. Interpersonal Communication Skills and Interdependence
Interpersonal communication skills are a business cultivating necessity. 
Communication of overall goals of your business venture to the loyal members of your company can be penetrating and addictive because of your passion and belief in your company mission. Instilling in those dedicated to your company’s direction that Interdependence is the skill of understanding one can do it alone, however one doesn’t have to and each member is an integral part of the overall company mission. This methodology will compel every faction of your business to excel in their departments because your loyal members understand and feel important to the company.  Providing an overall customer centric attitude will support the company goals and not give loyal members of your business the belief they are just a tool or an expendable seat warmer.

4. Customer Focus
Customer focus is one of a favorite…People do not just buy what you sell…people buy why you sell it.  Successful entrepreneurs focus on customer satisfaction because they understand the customer pays the bills. Great entrepreneurs remind themselves daily to be grateful their customers believe in their products and services and never forget it is the customer which allows the business to grow in the first place.  A great business owner will have time for their customer whether it is a complaint or praise.  Customer focus will compel your business to view every customer as an opportunity to do better and grow, versus an annoyance or a difficulty.

5. Sales and Marketing
If your organization has implemented the previous four skills then this one is a no-brainer.  Sales and marketing are what create the revenue which allows entrepreneurs to compensate all loyal members of their business.  Proper marketing can drive customers in to your business, sales are going to pay the bills, customer focus is going to keep them coming back and carrying about your customer satisfaction will procure excellent reviews and drive more customers via word-of-mouth.  It is no wonder why most entrepreneurs actually come from a sales background!

Well, there you have it, an essential but quick short recipe for developing a successful entrepreneurial venture.  What does your recipe have in it?  Please like, comment and share this article and thank you for allow us to continue to grow.



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