8 ESSENTIAL SKILLS YOU NEED TO RUN A SUCCESSFUL BUSINESS.

Between 2018 and 2020, the number of entrepreneurs in Africa alone increased by 50%, the surge in numbers was attributed to the lack of employment, economic recession, and a number of other factors.

A less popular fact that bears mentioning is the fact that a greater percentage of these startups fail and do not move past the incubation phase, an initial and crucial phase in the growth of any business, and fail within 2 to 3 years of its inception without making a profit.

So, what are the differences between this vast majority and the minority of successful businesses?

First, poor planning and organizational skills. Having great ideas is a crucial first step to any business venture. These great ideas often come with a burst of excitement and energy that motivate the businessman to get up and get started. Without proper planning and organization, the energy will burn out and the business will flounder and fold.

?Second, social and interpersonal skills. If you are looking to grow a business that caters to a specific need, you’ll need to know how to navigate the dynamics of human interaction. Businesses that do not understand human psychology in its different forms will suffer major setbacks from customers and employees alike.

?Finally, business training and education. “To be a successful businessman, you must first be a successful student of business”. Lack of business education and training represents a major reason why most businesses fail.?

?So, what are the skills your business really needs?

?These are the important skills you need for successful business management;

-??????Project management skills

-??????Emotional intelligence

-??????Interpersonal and communicational skills

-??????Leadership skills such as strategic thinking, organizational, delegation, and problem-solving skills.

-??????Business education and training

??Project management skills:

As business personnel, the ability to manage your manpower and resources, prioritize, delegate, and execute projects to completion is an important skill that ensures the success of your business.

?Emotional intelligence:

An important part of any company is its employees, they are the workforce of the organization and it falls on them to execute any plans and projects. Managing their emotions efficiently is guaranteed to get you the best results as an entrepreneur and boost efficiency.

?Interpersonal and communication skills:

While not every businessman is a social animal, they should have well-honed interpersonal skills to communicate with clients and employees alike.

?Leadership skills:

Being the one with the vision and plan is not enough, these other skills such as strategic thinking, organizational, delegation, and problem-solving skills will qualify you better for leadership than the position will.

?Business education and training:

For every sphere of professionalism, a measure of training is required. Doctors, engineers, lawyers and so much more, so why not businessmen and owners? Investing in proper business training is an essential investment for anyone looking to succeed in the marketplace.

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“Success is the end product of proper preparation” and your success is important to us, as we continue our journey to provide bespoke business solutions to our clients and consumers alike.

Visit our website and socials for more information on how to make your business stand out, as you grow and scale up. We also offer training modules to enrich you with the skills you need, alongside a number of other services just for you.

Click here to see a list of all our services or send us a message on our social media platforms and we will be sure to reach out.