Top 6 Important Skills To Be A Successful Entrepreneur

Every Entrepreneur wishes to soar high in business but does not know how to go about it.

Some are always dormant when they are confused on what skills to imbibe so as to get high in their business.

There are some skills that are needed for every determined businessman to put into action before the expected success can come.

Let me take you on a ride as we examine these skills.

1. Persuasion Skills

Generally, people would want to ask why should I have to place this as No. 1? The reason is that for you to be a successful entrepreneur, you must know how to sell. Whether you are selling a product or service or resources to customers or selling your ideas to investors, it is very important to master the skill of persuasion as that will enable you to make good sales. Most young salesmen and saleswomen in Nigeria have these skills and as a Nigerian entrepreneur, you will need it to convince your employees, co-founders and teams to believe in your ideas and work towards achieving the organizational goals.

2. Time Management Skills

This is an essential skill that makes most entrepreneurs successful. They focus on the principles of this skill to do what is urgent and important at a timely manner and in order of implementation for an effective result. You have to consider what to do first, what to do next, what do later and when to do those things. Mastering this skill will help you to focus on the core objectives and find solutions to problems faster.

3. Recruitment Skills

This skill is good as a beginner who wants to find a co-founder or a partner or employ people to work with you for a common purpose. Learning this skill will make you to interact with people in a professional manner, be confident with positive attitude and understand the ability to work under pressure and meet targets. As a young Nigerian entrepreneur, the people you work with or your team has a huge influence in achieving success or failure in your company and that is why it is very important for entrepreneurs to master this skill.

4. How to Read People Skills

As an entrepreneur you will be meeting a lot of people, talking about money and investments, discussing business practices and engaging in different meetings, it is very good to master the skill of reading people. You have to notice their gestures, identify their strong voice, understand the message they are sending out, observe how they talk and walk, check out their personality and most importantly, master the emotional intelligence. This will guide you to even know what people are about to say or what they intend to say, know employees that are lying to you and use their facial expressions to convey their inner needs. Reading people is a great skills that aspiring young Nigerian entrepreneurs should master and apply when dealing with their businesses.

5. Effective Communication Skills

Being able to communicate effectively to people will enhance your productivity level. If you are an entrepreneur that just launched a startup in Lagos State without this skill, it will be hard for you to communicate your core business objectives to the people, employees or potential investors. This will affect your press release that you will be sending out to media companies. Having or learning this skill will help you to interact with people, improve employees engagements, help in decision making, enable problem solving and sanctifies a good process in your organization. It is a very good interpersonal skill that young and small business owners in Nigeria needs to thrive.

6. Financial Knowledge Skills

One of the ancient philosophers, Pythagoras has stated that everything is in numbers and numberings matters a lot. Entrepreneurs in Nigeria should understand the number game. You have to know about the cash flow, taxes, debts, risk and return rate, stock, etc. Having a good financial skill will let you know when your organization is not meeting up its goals and help you to project a better future. Even though you will need to hire an accountant and a financial planner/manager, it is very important to have an idea of what the numbers means, what it says and why it says so.