Thread by @ecell_ietdavv

Entrepreneurship is a very attractive route for those who want the freedom to be their own boss and make an impact in the world. But anyone who wants to go down to this part have to develop certain skill sets. Here is a thread on the same
#enterpreneurship #SaturdayVibes

1) Communication :- It’s no secret that communication is an important skill for business people. Without the ability to communicate, i.e. pitch, educate, inspire, entrepreneurs cannot sell their products, gain support for their ideas, or raise venture capital. #Communication

2) Money Management:- Businesses exist to make money, which means entrepreneurs need to know how to manage their finances effectively. They need to understand cash flow - how much money comes in, how often, how accessible the money is, and how it is used. #Investment

3) Strategic Thinking :- Entrepreneurs have to think strategically and be proactive. They have to show initiative, research trends, and always put themselves and the business in the optimum position for growth. This type of thinking is critical when it comes to guide the company.

4) Leadership:- Visionary leadership starts with commitment to an end goal, and it fuels entrepreneurs with the energy needed to manage the ups and downs of building a business. It involves both the passion and self-confidence to turn a dream into reality.
#Leadership

5) Persistence:- Persistence is a defining trait of successful entrepreneurs. Entrepreneurs who are persistent are able to watch their ideas grow from nothing to the business they always envisioned. Entrepreneurship requires a tremendous amount of patience for a good result.

6) Talent Management:- Talent management is an important skill for entrepreneurs to develop, they need to be able to pick and recruit the right people who will contribute to the success of their business. These lot will be trained for betterment of the business.

7)Sales:- Learning sales and marketing is critical to building a successful business. Learning sales helps entrepreneurs develop tenacity and a deep comprehension of their business process. Entrepreneurs who develop skills in sales will learn how to stay on top of market. #Sales

8) Networking:- Building a strong network of potential clients and business partners is what enables your business to grow. Networking allows you to search out and take advantage of opportunities that you might not have had access to otherwise. Networking improves connections.

9) Branding:- Entrepreneurs need to learn how to create a brand that has a unique position in the market. This skill is vital because if you don’t define your brand, someone else will. Successful entrepreneurs are very deliberate with their branding.

10) Stress Management:- Entrepreneurs must learn how to manage stress because they will consistently find themselves in mentally and physically demanding situations. Hard work and sleepless nights are often a reality for entrepreneurs, especially in the beginning of business.

Improving your skills as an entrepreneur is not an overnight process. However, if you make an effort to address each of the skills and traits mentioned above, your personal development will become evident in the growth of your business.
@ecell_iitb