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7 Skills Which Can Help You Become an Influential Entrepreneur

Any individual can become influential when they integrate a certain set of skills which can elevate their personality. Having an influential personality is essential for entrepreneurs as it can allow them to carry out their business in an effective manner.

The skills required to become an entrepreneur have evolved. In the current day, the amalgamation of one’s knowledge and their personality has a significant impact on the individual’s business.

The proceeding seven skills can be worked upon to become an influential entrepreneur.

1.      Knowledge of the latest technological advances

The operations of the contemporary world are entirely dependent on technology. Businesses today are required to operate in the traditional and in the virtual world.  Thus, knowing the latest tools which can enhance efficiency and effectiveness is essential for every entrepreneur.

This knowledge can be gained by taking business, and IT classes online or by surrounding oneself with the experts in the field. With a consultant by their side, entrepreneurs can come up with ideas which can improve the workings of their businesses and increase their exposure.

Regardless of the field, every business is required to keep check of all the latest technology. For instance:

  • Retail companies must be familiar with a POS (Point Of Sale) system, which is compatible with mobile payment software programs.
  • A web-based essay writing company must be aware of the SEO (Search Engine Optimization) algorithms which can improve their rankings on the Google search results page.
  • An online store or service must learn about blogging to increase their exposure.
  • A company’s website must be mobile-friendly.

2.      Originality in thinking

Having the trait of innovative thinking is crucial for any business’s success. Individuals need to come up with ideas and think outside the box. In a competitive market, playing it safe can bore the audience. To stand out, a company must be represented distinctly by its brand and must instantly captivate the audience.

An entrepreneur’s originality can place them amongst the best in their field. For instance, a company which gives a service of writing essays for students has to compete with other similar facilities offering the same service. To attract more customers, the company must distinctly brand itself to be instantly recognized and chosen first; this can only happen if the entrepreneur steps aside from the cookie-cutter approach and comes up with original ideas to build their brand.

3.      Having ambition

Ambition is the ultimate seed for growth. For a business to succeed, the entrepreneur needs to be ambitious, as well as resilient. These two traits combined can help a company take off its training wheels and start its venture.

A successful entrepreneur must always be willing to accept the negative outcomes and think quickly on their feet. Moving forward, despite encountering various hurdles can help a company thrive.

4.      Risk-taking behavior

Risk-Taking behavior is an important trait for an entrepreneur. Individuals need to be a little more daring when it comes to making business decisions. The individual must be assertive and have a firm belief in their abilities to pull off a risky venture.

The risk-taking behavior in an entrepreneur is crucial as it can channel one’s creativity and open up the doors for some new opportunities. This trait can often become the basis for the business’s success.

5.      Communication skills

Having good communication skills and knowing how to please individuals is important for the entrepreneur. Good communication skills can influence the organisation’s culture, which in turn can have a positive impact on the efficiency of the business.

Holding good interpersonal skills further play an essential role in inviting new clients to collaborate with the organisation. Having an appealing personality can further help retain the existing relationships with the clients and build customer equity.

Additionally, entrepreneurs must enhance employee satisfaction by offering flexibility to their employees.  Statistically, companies which thrive are those who offer elasticity to their workers. The employee satisfaction rate is directly proportional to the company’s rate of success. Hence, flexibility must be offered to the employees in regards to their timing, workload and other emergencies.  However, to ensure the implementation of providing flexibility, the entrepreneur must have strong communication skills which demonstrate their authority as well as their amiability.

6.      Recruiting trustable resources

An entrepreneur should have a background in recruitment and managing resources. A company’s success is directly dependent on its workers. Hence, the business owner must know the different strategies as well as the assessment measures which can determine the resourcefulness of a particular candidate. The entrepreneur must consider the candidate’s experience, skills, knowledge, personality, and ability to contribute in the workplace.  These features can be tested through psychological and skill-based assessment measures and interview sessions.

Initially, the recruitment process should be handled by upper management. However, with the company’s steady growth, an HR department, including an organisational psychologist, must be created to hire resources which can help the company thrive. Including a psychologist in the recruitment team can help filter out personalities which are not conducive to a healthy workplace environment.

7.      The ability to come up with strategies

An entrepreneur must come up with an effective plan for their company. They are responsible for goal setting and planning the short and long-term strategies for a particular company. Hence, the business owner needs to draw out detailed plans which must be precisely implemented carefully. Also, a contingency plan should further be devised in case the project struggles to function.

An entrepreneur must have the skills to carry out an effective SWOT analysis and recreate the failed strategies.

A new business struggles initially. Having a smooth flowing business is near impossible. Thus, entrepreneurs need to integrate the trait above within themselves and consequently stay determined to succeed even through the dark periods of their journey.

- AUTHOR