5 Key Skills Every Entrepreneur Must Possess To Succeed in 2019

5 Key Skills Every Entrepreneur Must Possess To Succeed in 2019
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5 Key Skills Every Entrepreneur Must Possess To Succeed in 2019

Entrepreneurs century ago became very rich for a long time just by creating a product that people liked, it was possible then because the world was not super connected as it is now and changed slowly. But it not the same like that today, our world is becoming saturated with entrepreneurs and is changing really fast whereby if you launch your product today someone somewhere is already planning to create a product that is more superior than your own and in a few months you are already experiencing your downfall.

So Today we are going to talk about the 5 Key Skills Every Entrepreneur Must Possess To Succeed in 2019

 KEY THINGS STARTUP ENTREPRENEURS SHOULD DO IN ORDER TO SUCCEED

  1. Employ people of the new generation

Before now our society has had this notion that people of the new generation are lazy, that’s the same way we feel today but if you want to succeed as an entrepreneur you need to rise above this notion. It’s very important to work with people older than you as well as the young generation because they understand how to use the latest technologies and products more than the older generation. Having young people in your team will help keep you updated about the new trends and also helps you to know where the world is going.

 

  1. Study history

This doesn’t mean you go back to the university to study history it simply means you should research and read books and know about the past history of the industry or business you want to embark on, this is very important to help you prepare and take advantage of the future of the future, reading the past history of the successes and failures of the entrepreneurs in your industry gives you one step ahead of others because you know the lessons and failures in your industry and learn from them.

 

  1. Compete with yourself

Competing with yourself is one of the best ways to remain in your business in this 21st century. Beat some of your products, processes and strategies before someone from outside will beat them. As an entrepreneur you should learn to be your biggest critic and challenge yourself by beating yesterday’s achievements and you will definitely win for a long time.

 

  1. Beware of new threats

It’s very important you pay attention to new threats in your industry and don’t joke with them.  Just as Google showed up to yahoo and where willing to sell to sell Google for a million dollars but yahoo didn’t buy and didn’t take them serious, this was their costly mistake. Pay attention to the new threats in your industry they will succeed in beating your business if you allow them, paying close attention to these new threats and taking them serious will help you beat and outsmart them.

5 Key Skills Every Entrepreneur Must Possess To Succeed in 2019

  1. Communication skills

This is a skill every entrepreneur must possess. Your love of communication determines your love of income. Your conversation is a direct result of your success, whether you are communicating on phone, text, email you have to control your communication and make sure it goes to where you want it to be.

Every entrepreneur should master the art of communication because every communication you have helps to build your business, build your brand and build your bank account, so learn to master the art of communication and you will master your business.

 

  1. Marketing skills

Marketing is getting your message out there in the most persuasive way, it allows you to reach a maximum amount of people whether you are doing it online or offline you have to share it in a persuasive way that will make people to be interested in your business and make them want to know more about you. There are three arms of marketing

Message – what are you really trying to say to people out there

Market – who are trying to share this message with

Method – what is your method of delivering this message to your market

Understanding your message, market and method will help you become a master promoter and

marketer.

 

  1. Sales skills

This is the act of persuading people to buy your product or do what is best for them. Sales skills helps you to navigate and get where you want to be, as an entrepreneur you need to possess this skill in order for people to patronize and try your products if you don’t know how to sell your products people won’t buy your products.

 

  1. Branding skills

Branding is how you show your message to the world please don’t confuse marketing with branding. Marketing like we said simply getting people to see your message while branding is the getting people to see how you are showing that message to the world. Marketing is telling people that you have a car and convincing them to buy that particular car for themselves some car companies might not market their products but definitely no two car company have the same brand, let’s take Toyota and Mercedes as an example, the Toyota and the Mercedes company might have the same way of marketing their product but they don’t have the same brand there must be something different or unique about these cars. Branding makes your product unique and different from other similar products as an entrepreneur branding is one of the skills that will make you exceptional and different from others, this is a skill you must possess.

 

  1. Organizational skills

You can’t become successful or rich without knowing how to organize yourself and keeping yourself in order. As an entrepreneur it’s very important to organize your products, it helps you to find them easier when someone is in need of them not only your products you also need to organize yourself because being in order is the first law of prosperity, when you have an organized mind you’ll have an organized life. A lot of entrepreneurs are disorganized in our society, they lose their products, wallets, customers’ contacts and sometimes they lose their thoughts because they are so disorganized once you organize your mind  you can organize everything else around you.

 

Possessing these 5 basics skill will help you succeed as an entrepreneur.

SEE ALSO:

Strategies to Effective Importation Business in Nigeria

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