Behind every successful business, is an industrious entrepreneur. An individual with the vision and foresight to establish an enterprise that caters to evolving consumer demands. Whether its a B2B business or a B2C one, the rules are the same. A mature sorted head at the helm!
The current Indian entrepreneurial environment is showing all kinds of promise. So, it’s not surprising for a larger number of men and women to consider launching their own businesses, whether big or small.
With an idea, investment and customers in place, it seems quite feasible.
But do you have the skills that truly make a businessperson into a successful entrepreneur? Let’s see if you have what it takes….
1) Positive Attitude & Energy
This characteristic is more important today than ever before. Infectious and influential positivity is backed by positive facts and is not steeped in denial. A leader who is not in touch with reality and insists on maintaining a bright perspective is ineffective and often, annoying!
True positivity stems from either being aware of favourable situations or then having the ability to create them. So its needless to say that a positive entrepreneur is a creator and agent of change rather than one who succumbs to trying times.
This creation process takes a lot of physical and mental energy which a true leader needs a ton of! But the energy flows when you’re following your passion so find something you love to do.
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2) Time Management & Punctuality
There is a lot to be done as an entrepreneur. Even if you’ve hired a good team, your daily presence and contribution is valued. The only way to accomplish it all is by managing every hour of the day and making most of it.
Punctuality is not just to make a good impression. It’s for you to finish all you have planned. Many entrepreneurs have failed due to a lack of time management. They’re always busy but never seem to accomplish anything! Take on only as much as you can per day. Then stick to it. As business grows, add on… again, only as much as you can take.
Today, due to the pandemic, meetings are online and travel is restricted. That’s a great time saver and a good opportunity!
3) Strong Network & Communication
There is a breed of profitable entrepreneurs whose prime trait is a formidable network of people from their sectors including analysts, journalists, investors and other enterprising individuals. They offer a support system that keeps these entrepreneurs up to date and constantly aware of prevalent situations. These networks are also the ones from which many businessmen build their teams.
To be able to create a worthy network, effective communication skills are mandatory. The ability to handle people, negotiate, discuss and please should be in every leader’s toolbox! Its not about being devious and contriving, it’s about transparency and compassion.
4) Strong Clarity and Vision
A focused perspective on what needs to be achieved, the steps towards it and relentlessness effort to get there. This is the combination that portrays clarity and vision.
Clarity is essential in fulfilling any goal. When you are clear about what you want, plan all the details to solidify the goal in your mind. Visionary entrepreneurs are able to predict short and long term outcomes. These are backed with information, awareness and resilience.
The current business landscape may cause some turmoil in clarity. Something you were clear about 6 months ago, may now seem hazy. It’s time to gather fresh information, re-assemble and form a new goal with renewed clarity.
5) Delegation and Collaboration
A real leader is one who acknowledges that the job cannot be done alone. They are open to delegating various aspects of their business to experts in their particular fields. An entrepreneur who delegates is one who trusts his people.
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Shirking work is not delegation! It’s more about guiding employees or affiliate groups in a particular direction, and then letting them work independently. Leaders who cannot delegate are know as control freaks and are usually over stressed and burdened.
Collaboration and co-operation is the sign of an evolved entrepreneur.
6) Openness and Versatility
As an entrepreneur, you are constantly meeting new people and accessing new information. A good leader accepts fresh ideas and differing perspectives. He or she allows inputs and feedback from audiences.
Another important aspect, that is especially vital in today’s times is the ability to be flexible and adapt to the conditions. This is an evergreen ability that keeps businesspersons strong through thick and thin. Be open to any hurdle thrown your way and adjust in a way that creates a win-win situation for all.
Hence, these are top traits that will ensure your business is a hit, no matter what is going on in the world!