Starting and building your own business is exciting and exhilarating. It’s also exhausting and stressful if you don’t have the right tools or haven’t yet developed the skills that will take you and your business idea from planning to launch to eventual success.
If you’ve been thinking about starting your own business, here are qualities that successful entrepreneurs tell us they developed in order to start a business—and some of these skills may be a surprise.
Excellent Oral and Written Communication
Communication is king because it is how you will spread the word about your business, your product, or your service. Whether you are explaining the function of your company to a room full of people or writing up a spec on your newest product, your greatest asset as an entrepreneur will be clear, concise communication.
Fundamental Technical and Business skills
Sometimes, the basics are pushed aside while a new business owner concentrates on product management, human resources, and sales development. If you’re not careful, though, you’ll start drowning in the most mundane of all business matters. But know that your email likely has many good organizational tools like canned responses, out of office, filters, and auto-respond.
Also, you’ll have to decide how to want to run all the aspects of your business. Ask yourself: What system or systems will you use to track and pay invoices? What apps may be helpful for you when completing sales? How will you keep track of your expenses for taxes? Do you have hardware and software requirements that must be met? These are the minutiae involved in running business, but ones that should be handled as soon as possible.
Your Personal Definition of Success
This is what will drive you. Ask yourself what you think a successful company is. For many people, it’s not a fatter wallet or a larger house. Maybe it’s a company built on business ethics. Perhaps it’s a non-profit service that helps others discover their own business talents. It can be the joy of developing or expanding a niche market that wasn’t even on the business world’s radar a few years ago.
Become The Expert
You want to be the authority of the business that you’re building. Build your reputation in your industry by:
It doesn’t matter if your degree is a BA, an MBA, or an MFA—or if it’s still in progress. Robert Morris University offers many different on-campus and online programs and courses that can help you meet your goal of running your own business right now or in the future. Call us today to speak to one of our Admissions staff.