An Entrepreneur’s Learning Curve: 6 Lessons and Skills You Need

12 Oct 2020

Transforming your idea into a physical, fully-operational business can be an inspiring step. However, it does not come without a steep learning curve that can demotivate even the most determined person. Nonetheless, the challenges you will face during this process are also the ones that once, mastered allow you to count on stronger, more desirable skills - which are also the ones that will help you fuel your business forward!

Study a Little Body Language

Buddy language is something that we all tend to overlook, but it can reveal so much about the person we are speaking to - whether we know them or not. Studies have shown that 93% of all communication happening between two people is actually nonverbal, including visual and vocal communication. Since only 7% of communication is verbal, you would be missing out on most meanings behind a conversation.

Understand More About Team Dynamics

Team and workplace dynamicsis something that can turn out to be useful if you are planning to grow your business by bringing in a larger team of professionals. Understanding the way individuals react with each other, as well as the type of personality of each, you can better manage them to get the most out of each team member - while looking after what they want out of their role.

Ask About IT Basics

IT, data, and cybersecurity are everywhere, and understanding more of this world seems to be impossible. However, getting a basic knowledge of the principle behind this discipline can help you better identify potential threats and issues that are part of your IT system. While you should always have the contact details of a knowledgeable professional at hand, there is no reason why you should not know about such an important aspect!

Learn How to Be Resourceful

Sometimes, in business, things don’t go as you had planned. And, you might need to take quick decisions to save your business from financial loss or reputation damage. And, often, you might need to consider starting a side hustle to have more funds for your business - or find another form of passive income. Passive income is an excellent way to improve your finances without having to commit to a part-time job. Some of the best ways for substantial results are stock market investing and Forex Trading.

Get the Hang On Some Principles of Digital Marketing

Marketing is the tool you need to make your company or website more visible to those customers who are potentially interested in your services. Expert professionals might use techniques such as SEO, Local SEO, Video marketing, or email marketing. In any case, don’t underestimate the importance of an entrepreneur to understand some of the principles of marketing.

Learn How to Assess Yourself and Give Feedback to Others

Refining your communication skills and learning how to give and receive feedback is crucial for all managers and employers. You should start by having a more precise idea about your own strengths and weaknesses. However, you should also practice the art of delivering feedback while gaining powerful insights. Indeed, your employees are an exclusive source of information regarding what is going on in your business, and they can suggest how to improve your business for clients, managers, team members, and contractors alike. Listen to them!

Photo by RF._.studio from Pexels

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