These are the insight to the basic qualities, which every entrepreneur must have if his desire is to succeed in a business.
1. ARE YOU A SELF STARTER?
Do you have the initiative to do more than you were asked to do? Are you resourceful, willing and able to seize an opportunity when it appears and turn it into advantage?
2. DO YOU HAVE A POSITIVE AND FRIENDLY INTEREST IN OTHERS?
I f so, it is a tremendous asset in most business ventures especially in these days where face-to-face contact with customer is a must. If you seem to end every discussion with a quarrel or go through life with a chip on your shoulder, you may have a tough time coping with customers you depend on day-in-day-out. Unless you hire others to do your selling or handle public relations, you could face an uphill battle in making your business profitable. Good interpersonal skills are also essential if you are to inspire employees to put forth sincere efforts in making the business flourish. An organization can only survive and grow if it meets the needs of its employee.
3. ARE YOU A LEADER?
Do people listen to you? Do you inspire confidence and loyalty?
An ability to lead is an important skill, one that is bound to enhance your chances for success. Even, if you have one employee or two, you need to maintain discipline, check their work and productivity, train them to do the job the way you want it done, and arbitrate among them if they disagree with each other.
A leader who can motivate and reward employees will get his or her business off to the best start. If personnel management is important to your business you may want to consider taking courses in business leadership and supervision offered by business school. You can develop leadership qualities on the job, through trial and error, but outside assistance can speed up the process and avoid costly misjudgments.
4. CAN YOU HANDLE RESPONSIBILITY?
Do you enjoy taking charge? Are you the one who volunteers for tasks or responsibilities at meeting or do you sit quietly while others raise their hands?
If you usually avoid responsibilities when a situation calls for it, starting your own business could be a difficult one. Being your own boss is one thing but being responsible is for the livelihood of others on your payroll and for the well-being of these people during their work day as well as for customer needs may be too much for you to handle.
5. ARE YOU A GOOD ORGANISER?
Are you capable of organizing and arranging items, ideas or concepts into logical and meaningful action? Do you usually make plan carefully before trying something? Are you on time? Do you remember to pay your bills, keep your appointment?
Running business weather you have one employee or one hundred require pre-planning, purchasing merchandise, monitoring financial records, documenting sales and marketing your product and service. To keep up with good organizational abilities, develop them or hire someone to assist you with them. They won’t get done on their own.
6. ARE YOU PREPARED TO PUT IN THE LONG HOURS/FACING CHALLENGES?
People often think that when they work for themselves, they will be working less than they are before and make their own hours. Especially during the first year of being in business, owners find themselves working harder and longer than they ever did as paid employees. As the owner, you will have more to gain, of course, since it is your investment, but you also have more to lose if your business idea does not make profit.
7. DO YOU MAKE YOUR MIND QUICKLY?
Are you the type who is hesitant even fearful about a decision you must make? Are your decision quick but accurate or quick but unsound? The ability to sum up a situation quickly and make a realistic choice fraction will stand you out in good stead a thousand times during your business life making a decision doesn’t have to be an isolated activity.
You can and should consult experts colleagues, even employees, before coming to your conclusion, but the final decision will be yours to live with.
8. CAN PEOPLE RELY ON YOU?
Can they trust what you say?
If your word is your bond, you will find yourself reaping rewards since a good reputation brings in new business and unlike advertising, it is free of charge. You may be someone whose good intentions outstrip his ability to following through face that now.
9. CAN YOU FACE BUSINESS REVERSAL OR (DOWN TURN) WITHOUT QUITING?
If you discover the source of a problem with your business and it appears to be something you can see through to the end, will you have the strength to do it? Can you analyze a problem and take steps to correct it or will you panic and throw in the towel at the first opportunity.
10. CAN YOU ADAPT TO CHANGING SITUATION?
To be able to recognize and react to changes in your market, the likes and dislikes of your customer, the changes in your neighborhood, etc will be invaluable over the long run. No matter what type of business you run, will face changing times.
Often, a business will be a composite of talents and strengths designed to produce a successful business.
If you discover that you don’t have most of these qualities, don’t give up, try to understand which areas need improvement and start an improvement strategy.
These are the insight to the basic qualities, which every entrepreneur must have if his desire is to succeed in a business.
1. ARE YOU A SELF STARTER?
Do you have the initiative to do more than you were asked to do? Are you resourceful, willing and able to seize an opportunity when it appears and turn it into advantage?
2. DO YOU HAVE A POSITIVE AND FRIENDLY INTEREST IN OTHERS?
I f so, it is a tremendous asset in most business ventures especially in these days where face-to-face contact with customer is a must. If you seem to end every discussion with a quarrel or go through life with a chip on your shoulder, you may have a tough time coping with customers you depend on day-in-day-out. Unless you hire others to do your selling or handle public relations, you could face an uphill battle in making your business profitable. Good interpersonal skills are also essential if you are to inspire employees to put forth sincere efforts in making the business flourish. An organization can only survive and grow if it meets the needs of its employee.
3. ARE YOU A LEADER?
Do people listen to you? Do you inspire confidence and loyalty?
An ability to lead is an important skill, one that is bound to enhance your chances for success. Even, if you have one employee or two, you need to maintain discipline, check their work and productivity, train them to do the job the way you want it done, and arbitrate among them if they disagree with each other.
A leader who can motivate and reward employees will get his or her business off to the best start. If personnel management is important to your business you may want to consider taking courses in business leadership and supervision offered by business school. You can develop leadership qualities on the job, through trial and error, but outside assistance can speed up the process and avoid costly misjudgments.
4. CAN YOU HANDLE RESPONSIBILITY?
Do you enjoy taking charge? Are you the one who volunteers for tasks or responsibilities at meeting or do you sit quietly while others raise their hands?
If you usually avoid responsibilities when a situation calls for it, starting your own business could be a difficult one. Being your own boss is one thing but being responsible is for the livelihood of others on your payroll and for the well-being of these people during their work day as well as for customer needs may be too much for you to handle.
5. ARE YOU A GOOD ORGANISER?
Are you capable of organizing and arranging items, ideas or concepts into logical and meaningful action? Do you usually make plan carefully before trying something? Are you on time? Do you remember to pay your bills, keep your appointment?
Running business weather you have one employee or one hundred require pre-planning, purchasing merchandise, monitoring financial records, documenting sales and marketing your product and service. To keep up with good organizational abilities, develop them or hire someone to assist you with them. They won’t get done on their own.
6. ARE YOU PREPARED TO PUT IN THE LONG HOURS/FACING CHALLENGES?
People often think that when they work for themselves, they will be working less than they are before and make their own hours. Especially during the first year of being in business, owners find themselves working harder and longer than they ever did as paid employees. As the owner, you will have more to gain, of course, since it is your investment, but you also have more to lose if your business idea does not make profit.
7. DO YOU MAKE YOUR MIND QUICKLY?
Are you the type who is hesitant even fearful about a decision you must make? Are your decision quick but accurate or quick but unsound? The ability to sum up a situation quickly and make a realistic choice fraction will stand you out in good stead a thousand times during your business life making a decision doesn’t have to be an isolated activity.
You can and should consult experts colleagues, even employees, before coming to your conclusion, but the final decision will be yours to live with.
8. CAN PEOPLE RELY ON YOU?
Can they trust what you say?
If your word is your bond, you will find yourself reaping rewards since a good reputation brings in new business and unlike advertising, it is free of charge. You may be someone whose good intentions outstrip his ability to following through face that now.
9. CAN YOU FACE BUSINESS REVERSAL OR (DOWN TURN) WITHOUT QUITING?
If you discover the source of a problem with your business and it appears to be something you can see through to the end, will you have the strength to do it? Can you analyze a problem and take steps to correct it or will you panic and throw in the towel at the first opportunity.
10. CAN YOU ADAPT TO CHANGING SITUATION?
To be able to recognize and react to changes in your market, the likes and dislikes of your customer, the changes in your neighborhood, etc will be invaluable over the long run. No matter what type of business you run, will face changing times.
Often, a business will be a composite of talents and strengths designed to produce a successful business.
If you discover that you don’t have most of these qualities, don’t give up, try to understand which areas need improvement and start an improvement strategy.
No comments:
Post a Comment