7 Business Skills That Every Entrepreneur Should Embrace

 

When it comes to being in business for yourself and being an entrepreneur, you’re definitely free to do things your way. Whether you’re freelancing or building a business, it’s often going to be your personal touch that sets you apart from the rest. Essentially, you’re the essence of your business – and that’s pretty cool. But at the same time, it’s also valuable for you to know a little bit about the world of business itself. While by no means at all do you have to have business experience to launch something on your own, it may be beneficial to pick up some skills. Maybe you want to be able to take your operations to the next level? Or you just want to be able to keep on growing? When this is the case, you have to make sure that you’re working on your skill set.

However, when you’re used to doing your own thing, you may not even know what those skills should be. If that sounds like you, then don’t worry. Because you can learn them – as they’re what this post is all about. There are some key skills that can help you in any line of business. And as long as you’re willing to learn, you’ll find that they do actually benefit you. If you’re ready to grow as an entrepreneur and take your business to the next level, then here are seven different skills that you should find help you.

  1. Basic Business Sense

First of all, it’s always going to be handy to grasp some of the business basics. From registering your business with or without a formations company to how taxation works, you need to understand what each process involves. While you don’t need experience in either, if you can know a little bit about the basics of setting up and operating a company, then you’re going to be just fine. Everything else can be learnt along the way.

  1. Coding

It can also be handy to try and pick up a little bit of coding. While you don’t need to be a developer by any stretch of the imagination, you will be spending a bit of time online. And knowing how to code to make small tweaks to your website or blog will be helpful (and cost-effective).

 

 

  1. Writing Skills

Being an A* English student isn’t a prerequisite for running a successful company, but it’s in your interest to develop your writing. If you’re able to improve your writing skills, you’ll not only feel more confident when you communicate with others, but it can help your marketing too. The better you are with copy, the better your journey will be.

  1. Communications Skills

Next up, you’re also going to want to master your communications skills. Being able to communicate with clients, customers, employees, suppliers, and other stakeholders is important. We all know that relationship building is a huge part of business, and you need to be able to be a good communicator to do that. So make sure that you’re working on your interpersonal skills as much as you can.

  1. Marketing Knowledge

From here, you may also find it beneficial to learn a bit about marketing too. This is going to be especially important if you’re running the ship solo from the beginning. Because you are essentially the marketing department. But thankfully for us all, there’s so much information online that can help you. Just Google anything you want, about any area of marketing, and there will be a range of reputable blogs with great insight for you to read.

  1. Organizational Skills

Then, you may also want to make sure that you’re just being organized. There’s a lot to be said for being organized in life – and the skill can really transform your business. Implement systems that make your workflow easier, purchase software plans to help you streamline what you’re doing, and just nail your diary management. It will make things easier as you start to get busier too.

  1. Management

And finally, if you want to be a good entrepreneur, then it’s essential that you can learn to become a good manager too. The chances are that, you’re going to be a boss at some point during your journey. And if you want your business to be run well, you have to make sure that you have a killer management style. Here, skills like empathy, good people skills, understanding, objectiveness, and being able to handle criticism all come in handy. So start working on each of these now.

 

4 Steps That Will Take Your Freelancing Business To The Next Level

Freelancing is an excellent career in 2018. It’s lucrative, accessible, and you get to be the boss. There is no feeling like making the decisions after years of being on the receiving end. Starting up a business is only the initial step. After the inevitable bump at the beginning, there is usually a plateau. Things get stale and it’s how you react that counts the most. Taking a company to a new level is by no means straightforward and there will be errors along the way. However, if you keep the following in mind, you’ll have every chance.

Here are the next steps to take for freelancers.

Back To School

There is no doubt that you are a professional with experience and a solid skill set. But, that doesn’t mean that you understand everything about the industry. In fact, there will be some glaring holes which need covering up should the business go from strength to strength. Regardless of what they are, going back to school always helps because knowledge is power. Plenty of schools have online courses, so view their degree options and choose the one which is the most applicable. A business program tends to be a hit, but don’t forget about leadership lessons either. Perception is the reality to a lot of clients.

Negotiating The Drop

Think about a salaried position at any company in the world. After a couple of years, there will be a rise to cover the cost of living. Inflation increases and your real-term wage takes a hit, so the business (begrudgingly) does the right thing. Freelancing is no different regarding current contracts. They were fine in the beginning, but now they need renegotiating to cover new expenses. Never be afraid to enter into contract talks. Be cool, calm, polite yet decisive, and keep your cards close to your chest.

Recruiting Fresh Meat

Should a client say they are unhappy with paying more, you must be the first to say that’s fine. Then, start looking for new deals with partners who are willing to pay extra. It’s easy to think they are in control because you need their money to survive and grow. In reality, there is plenty more fish in the sea as long as you chum the waters early. Also, target the big game and the companies who ask you the rate. You can do the same amount of work yet get paid more by striking a deal with a large corporation.

The Help

Working alone is perfect in the beginning. After a while, it becomes too much hassle. Hiring employees, even if it’s only one, is essential to ensure time isn’t wasted. The key is to work long hours yet to be efficient at the same time. It’s nearly impossible to work effectively when you’re tired and on your own. A worker doesn’t need to be in-house either. Indeed, outsourcing to a third party normally has an enormous impact on the firm.

 

Are you ready to strive for greatness?

Signs You’ve Picked The Wrong Business To Start

More and more people are feeling inspired to become entrepreneurs and follow their dreams, as there’s such a wealth of information out there today helping them to do so. However, it’s all too easy to pick the wrong business to start, so you need to be aware of the signs to look out for.

 

Read on to find out what you should be looking out for:

 

 

You Started Your Business Based On Something Another Business Was Doing

Some entrepreneurs start a business because they get excited when they think about the money that other people are making. Budding entrepreneurs simply scroll through Instagram, see what other people are doing, think that they can do it and start a business. Those people and businesses don’t tend to last. Unless you are passionate about your plans, you won’t be able to sustain success when the struggle gets real. Instead of basing your business plan on the potential income, think about your life’s purpose. This can be a daunting thing to think about, but making sure your business is meaningful for you and that it makes you feel fulfilled is a must.

 

Is this something you’re passionate about? Is this business one that you can be proud of?

If not, you probably started the wrong business.

 

You’re Feeling Tired And Uninspired

Perhaps you’re having a hard time coming up with any original ideas. Maybe you’re feeling tired, lacking motivation, uninspired, it’s a clear sign that you started the wrong business. Don’t confused a simple dry spell as a sign that you’ve started the wrong business. Every entrepreneur goes through “dry spots” where the creative juices aren’t flowing like they used to, but if you constantly find yourself grasping for creativity that’s a definite problem.

 

When you’re working in the field that fulfills your life’s purpose and gives your life meaning, the ideas will flow to you and through you. If nothing seems to inspire you, it may be time to reconsider your chosen industry. If you find shopping for idxa machines super exciting yet you’re not in the health sector, you need to rethink what you’re doing.

 

Your Products or Services Just Aren’t Selling Like You Thought They Would

If you’ve just launched a product or business, it would be silly of you to think that they are going to sell right away. However, if you haven’t sold a single thing in months; something is wrong. Maybe there isn’t a real need for your products or services. Maybe you’ve priced your business out of the market. Maybe it’s a simple case of not marketing your business correctly. When you’re not meeting your sales goals, it’s time to create a new strategy. You can figure out what’s not quite right buy surveying your audience and asking what the real problem is so that you can create a suitable solution.

 

Do these points indicate that you picked the wrong business to start? If so, it could be time to rethink!