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Further Discussions => Entrepreneurship , Business & Online Work Forum => Topic started by: Rruchi man on June 15, 2024, 11:34:18 PM
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There are people who struggle to become entrepreneurs when entrepreneurship is not for them. They have not taken their time to ask themselves if they really have an interest in managing a business and taking up the risk. All entrepreneurs are can become CEO's, but not all CEO's can take up entrepreneurial positions because of the big challenges in the field. This is why you must seek to develop these skills to be a successful entrepreneur;
- An Entrepreneur must be a good decision maker, because the success of the business depends on their decision making ability.
- An Entrepreneur must be able to adjust quickly to situations.
- An Entrepreneur has to possess multiple skill to take up many roles as possible in their business. An entrepreneur can be the marketer, content creator, delivery person etc. in a business all at once.
Add other skills that an entrepreneur needs to possess.
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I believe pitching your business idea to investors is also a good skill to have, although I'm not sure how you can train them. I don't think you can rely on talents to develop most of these skills, so discussing how to train them is a good idea. Other than the obvious going to a business school, maybe they can try to learn everything by running a new business that requires small capital so they won't get destroyed if it fails. Not sure how many can survive these kinds of training though, especially if they use their own money to fund their businesses.
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- An Entrepreneur must be a good decision maker, because the success of the business depends on their decision making ability.
I believe that decision-making is the most important skill of an entrepreneur. In my opinion, an entrepreneur is someone who sees an opportunity that others do not. This is where the power of decision making comes into play. After identifying an opportunity, an entrepreneur must make decisions that will enable the opportunity to succeed.
The entrepreneur's decisions determine a business's success and growth. With the wrong decision, the business cannot be sustained, and risk management becomes difficult. So, I believe that understanding the art of decision making is critical for any entrepreneur seeking growth.
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I think decision-making is closely related to information gathering. The chance you make the right decision is bigger if you have as much data as possible. But you also need to take some risk, especially if that decision is very impactful to your business. Some describe decision-making as a combination of several skills, including analytical, collaboration, leadership, creativity skills, and so on[1]. While I don't think it can describe everything perfectly, especially if you're running your business alone I think it's worth a shot to improve your analytical skills at the very least.
[1] https://careerservices.fas.harvard.edu/blog/2024/02/29/what-are-decision-making-skills
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To succeed as an entrepreneur, one must possess a distinct set of skills, including effective decision-making, continuous knowledge acquisition, strategic thinking, and adept risk management, for it is through the mastery of these skills that one can navigate the complexities of business and achieve lasting success. Some people find it very difficult to aquire those skills because they sees it as a waste of time, not knowing that it is the key to success in entrepreneurship.
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There are people who struggle to become entrepreneurs when entrepreneurship is not for them. They have not taken their time to ask themselves if they really have an interest in managing a business and taking up the risk. All entrepreneurs are can become CEO's, but not all CEO's can take up entrepreneurial positions because of the big challenges in the field. This is why you must seek to develop these skills to be a successful entrepreneur;
- An Entrepreneur must be a good decision maker, because the success of the business depends on their decision making ability.
- An Entrepreneur must be able to adjust quickly to situations.
- An Entrepreneur has to possess multiple skill to take up many roles as possible in their business. An entrepreneur can be the marketer, content creator, delivery person etc. in a business all at once.
Add other skills that an entrepreneur needs to possess.
enterpreneur is not for everyone,it has a skills and ethics,a good enterpreneur must have those qualities,he/she must have a good marketing skills or strategies.
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Before anyone should venture into business and be called an entrepreneur there are actually some qualities that are needed for entrepreneur to be successful because for anyone to successfully manage a business that person should prepare ahead of time and equip them self as to face the challenges that the business will bring these are some characteristics that entrepreneur should possess
_____ Ability to take and manage risk
One very important quality that an entrepreneur should possess is the ability to manage risk and also take the risk when necessary because risk is an integral part of business so any potential entrepreneur should be able to manage risk that comes as a challenge
__________Open mindedness
Entrepreneur should possess the act of being open minded as it's key in the success of any given business when an entrepreneur becomes short sited and refuse to see business opportunities and prospects that comes on the way it will be a problem to future business growth
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Everyone consider decision making is the important need to be an entrepreneur but nope there more important than which is problem solving skills, a successful entrepreneur must see things in a perspective of solving something that's exist or even non existent which is what gonna make them money. And then communication skills is important which may not be necessary but in this busy world we must convince our investors or customers in very small attention span they have.
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Everyone consider decision making is the important need to be an entrepreneur but nope there more important than which is problem solving skills, a successful entrepreneur must see things in a perspective of solving something that's exist or even non existent which is what gonna make them money. And then communication skills is important which may not be necessary but in this busy world we must convince our investors or customers in very small attention span they have.
Decision-making is crucial, but it's not the only essential trait for an individual to become an expert entrepreneur. To be successful, an entrepreneur needs a combination of qualities, including: Contentment, Dedication, Hard work, Discipline, Commitment, Truthfulness, Honesty, Loyalty, Reliability, and Accuracy. These characteristics, among others, are vital for achieving success as an entrepreneur.
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In different situations it is important to have the ability to make quick and proper decisions that will move the business forward. The key to an entrepreneur success is to encourage inspire and guide a team towards achieving goals. Moreover, you must develop these management skills to get business success. To be a successful entrepreneur you need to play the Leadership roll so you have to work as a part of the team. The businessman means you have to become part of the supervisor and team at the same time.
Whatever you are first you need to develop the effective communication skill and know the effective customer service skill. It is possible to succeed as an entrepreneur by doing branding marketing strategy implement.
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As an entrepreneur, we need to have some developed skills to help us through what we offer, we cant just be doing what we have in mind without going for the proper way of doing it, having a required skill on any specialization is very important because this is our first requirement to be identified of whom we are and what we are made of, we are also going to be more confident in what we do and can be able to face the challenge that may be involved a ling the line.
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As an entrepreneur, we need to have some developed skills to help us through what we offer, we cant just be doing what we have in mind without going for the proper way of doing it, having a required skill on any specialization is very important because this is our first requirement to be identified of whom we are and what we are made of, we are also going to be more confident in what we do and can be able to face the challenge that may be involved a ling the line.
before you get into any business honestly it is better if you try to learn first about the skills you would be needing you can't just learn along the way because you will be risking your money and if you have investors then you will also be risking their money having and running a business require elaborate plans and intentional execution
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The process of establishing, planning, and managing a firm in order to turn a profit is known as entrepreneurship. It also entails accepting the risks associated with operating a business.which benefits the community, brings about social transformation, and improves the state of the globe. In order to have a successful business, the most crucial thing is to acquire the knowledge or skills necessary to implement it. However, making the right decision at the right time is also what will decide your aims and objectives for future investments.
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There are people who struggle to become entrepreneurs when entrepreneurship is not for them. They have not taken their time to ask themselves if they really have an interest in managing a business and taking up the risk. All entrepreneurs are can become CEO's, but not all CEO's can take up entrepreneurial positions because of the big challenges in the field. This is why you must seek to develop these skills to be a successful entrepreneur;
- An Entrepreneur must be a good decision maker, because the success of the business depends on their decision making ability.
- An Entrepreneur must be able to adjust quickly to situations.
- An Entrepreneur has to possess multiple skill to take up many roles as possible in their business. An entrepreneur can be the marketer, content creator, delivery person etc. in a business all at once.
Add other skills that an entrepreneur needs to possess.
enterpreneur is not for everyone,it has a skills and ethics,a good enterpreneur must have those qualities,he/she must have a good marketing skills or strategies.
It's skills that drive entrepreneurship, there's no doubt about that at all. An entrepreneur without skills is simply wasting time, money and energy as skill is very apt for an entrepreneur
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- An Entrepreneur must be a good decision maker, because the success of the business depends on their decision making ability.
- An Entrepreneur must be able to adjust quickly to situations.
- An Entrepreneur has to possess multiple skill to take up many roles as possible in their business. An entrepreneur can be the marketer, content creator, delivery person etc. in a business all at once.
Add other skills that an entrepreneur needs to possess.
These are essential qualities an entrepreneur must possess, because they will all determine what the future expectation with the business is going to be like, we must also have a good interpersonal skills, because this also is one of the major drive to having customers for patronage and to retain them for your service, a good customer service is very important also, in this regard.
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These are essential qualities an entrepreneur must possess, because they will all determine what the future expectation with the business is going to be like, we must also have a good interpersonal skills, because this also is one of the major drive to having customers for patronage and to retain them for your service, a good customer service is very important also, in this regard.
You've outlined the important skills needed for entrepreneurship, and most importantly, you emphasized the important role of customer service in standardizing a business. When an entrepreneur offers or provides exceptional customer service with respect, kindness, humility, and care, customers become loyal ambassadors, bringing in multiple referrals. This is because outstanding service creates a positive experience, and it will improve trust and loyalty among the customers.
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Add other skills that an entrepreneur needs to possess.
Besides all those you've mentioned, an entrepreneur should have ample experience. Skill is good but only experience can give you an insight, Before you embark on a business venture, you should have prior experience on the business that you want to explore, because even if you have the knowledge and skill, its still the experience that will give you insight. an edge to solve all issues that will come.
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Add other skills that an entrepreneur needs to possess.
Besides all those you've mentioned, an entrepreneur should have ample experience. Skill is good but only experience can give you an insight, Before you embark on a business venture, you should have prior experience on the business that you want to explore, because even if you have the knowledge and skill, its still the experience that will give you insight. an edge to solve all issues that will come.
This is very true. That’s why most companies, before they employ you, would ask you how many years of experience you’ve got in that field. Sometimes experience can get you through certain situations you find yourself and not the skills or knowledge. Not that skills and knowledge isn’t important, it is, but I believe experience could be said to be more superior to them.