Here Are 15 Most Common Must Have Skills You Need To Be A Great Entrepreneur
Do you have what it takes to be a great entrepreneur?
Here Are The 15 Common Must Have Characteristics of A Successful Entrepreneur by James Stephenson, Entrepreneur.com
Like any activity you pursue, there are certain musts that are required to be successful in a chosen activity that need to be fully developed, implemented and managed for your business to succeed.
1. Do what you enjoy.
- What you get out of your business in the form of personal satisfaction, financial gain, stability and enjoyment will be the sum of what you put into your business.
- If you don’t enjoy what you’re doing, chances are you won’t succeed.
2. Take what you do seriously.
- You cannot expect to be effective and successful in business unless you truly believe in your business and in the goods and services that you sell.
- Far too many home business owners fail to take their own businesses seriously enough, getting easily sidetracked and not staying motivated and keeping their noses to the grindstone.
- They fall prey to naysayers who don’t take them seriously because they don’t work from an office building, office park, storefront, or factory.
3. Plan everything.
- Planning every aspect of your home business is not only a must, but also builds habits that every home business owner should develop, implement, and maintain.
- Business planning also serves a second function, which is having your goals and how you will achieve them, on paper.
- You can use the plan that you create both as map to take you from point A to Z and as a yardstick to measure the success of each individual plan or segment within the plan.
4. Manage money wisely.
- The lifeblood of any business enterprise is cash flow.
- All home business owners must become wise money managers to ensure that the cash keeps flowing and the bills get paid.
5. Ask for the sale.
- A home business entrepreneur must always remember that marketing, advertising, or promotional activities are completely worthless, regardless of how clever, expensive, or perfectly targeted they are, unless one simple thing is accomplished–ask for the sale.
6. Remember it’s all about the customer.
- Your home business is not about the products or services that you sell.
- Your home business is not about the prices that you charge for your goods and services.
- Your home business is not about your competition and how to beat them.
- Your business is all about your customers, or clients, period.
- Everything you do in business must be customer focused
7. Become a shameless self-promoter (without becoming obnoxious).
- Self-promotion is one of the most beneficial, yet most underutilized, marketing tools that the majority of home business owners have at their immediate disposal.
- How can your products and services get discovered and embraced by the masses who will beat a path to your door to buy what you are selling.
- That will not happen if no one knows who you are, what you sell and why they should be buying?
8. Project a positive business image.
- Home business owners must go out of their way and make a conscious effort to always project the most professional business image possible.
- You must rely on imagination, creativity and attention to the smallest detail when creating and maintaining a professional image for your home business.
9. Get to know your customers.
- One of the biggest features and often the most significant competitive edge the home based entrepreneur has over the larger competitors is that he can offer personalized attention.
- The home business owner can actually answer phone calls, get to know customers, provide personal attention and win over repeat business by doing so.
- The more you can do to woo your regular customers, the better off you will be in the long run and personalized attention is very much appreciated and remembered in the modern high tech world.
10. Build a top-notch business team.
- No one person can build a successful business alone.
- It’s a task that requires a team that is as committed as you to the business and its success.
11. Become known as an expert.
- When you have a problem that needs to be solved, do you seek just anyone’s advice or do you seek an expert in the field to help solve your particular problem?
- Obviously, you want the most accurate information and assistance that you can get.
- You naturally seek an expert to help solve your problem.
- The more you become known for your expertise in your business, the more people will seek you out to tap into your expertise, creating more selling and referral opportunities.
12. Create a competitive advantage.
- A home business must have a clearly defined unique selling proposition.
- This is nothing more than a fancy way of asking the vital question, “Why will people choose to do business with you or purchase your product or service instead of doing business with a competitor and buying his product or service?”
- What one aspect or combination of aspects is going to separate your business from your competition?
13. Invest in yourself.
- Top entrepreneurs buy and read business and marketing books, magazines, reports, journals, newsletters, websites and industry publications, knowing that these resources will improve their understanding of business and marketing functions and skills.
- They join business associations and clubs, and they network with other skilled business people to learn their secrets of success and help define their own goals and objectives.
- They do this because they know that education is an ongoing process.
- There are usually ways to do things better, in less time, with less effort.
- Top entrepreneurs never stop investing in the most powerful, effective and best business and marketing tool at their immediate disposal–themselves.
14. Be accessible.
- You must make it as easy as you can for people to do business with you, regardless of the home business you operate.
- You must remain cognizant of the fact that few people will work hard, go out of their way, or be inconvenienced just for the privilege of giving you their hard-earned money.
- Making it easy for people to do business with you means that you must be accessible and knowledgeable about your products and services.
- You must be able to provide customers with what they want, when they want it.
15. Build a rock-solid reputation.
- A good reputation is unquestionably one of the home business owner’s most tangible and marketable assets.
- You can’t simply buy a good reputation; it’s something that you earn by honoring your promises.
- Consistency in what you offer is the other key factor.
- If you cannot come through with the same level of service (and products) for clients on a regular basis, they have no reason to trust you . . . and without trust, you won’t have a good reputation.
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To Your Success,