In This Piece of Task I Will Be Discussing What Skills You Need to Run a Business and Become a Successful Entrepreneur.

In: Business and Management

Submitted By esmehurum
Words 1536
Pages 7
In this piece of task I will be discussing what skills you need to run a business and become a successful entrepreneur.
The skills you need to run a business;
Leadership skills; are needed to run businesses to help people know what they are doing. They will motivate their team to perform well to meet the overall company objectives. These leaders will have deadlines for their objectives and will not fail to meet the deadlines.
Strategic business planning skills; most business follows a plan even if it's not written down in a document. Although developing and implementing strategic change is a skill all business owners need. Undertaking a strategic audit and writing a business plan is the first step in this discipline.
Marketing Skills; marketing is a key skill to have and buy delivering what people want to buy is an obvious requirement to running a business but not many people truly understand how to market a business correctly. Marketing led organisations always buck the trend and tend to produce more revenues and profits than their competitors.
Sales and Customer Relationships; selling is really important; everyone has probably sold something in their lives already. Whether you have an interview for a job you have to sell yourself or you have sold a house in the past. The skills required in sales are really to understand the selling process - from initial contact to completing the sale. Good sales people rarely leave a meeting without an order or at least a commitment and just dropping a few leaflets off at a prospect client will not get you that sale.
Communication Skills; ccommunicating effectively is a skill that successful business owners possess whether it is with their staff, directors or customers. Most people write on a daily basis even if it's a short email but the written word can often be misunderstood because there is reduce emphasis on phrases…...

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