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Developing Your Business Skills

There exists certain attributes which are common to successful people in business. It is thanks to these particular attributes they possess that their businesses keep a stand. Even in times of trouble they still succeed. Lots of personal attitudes are very important, such as thirst for continuous education, strong goals, clear vision, personal drive and motivations that lead to success of the business. Having to run your own business is not different from wearing all different types of hats. Whether it is your sales hat, your personal marketing hat then you shall need to know how to court sales and also know how to run balanced accounts as you continue to grow your wealth. Beyond those personal qualities, this article is aimed at presenting the qualities that make a successful business person outstanding from the crowd. Many entrepreneurs start a business which later fail because they did not pay attention to the business skills required for the business’s growth. So if you are interested in succeeding in business in an outstanding way, then see on understanding and applying the necessary business skills required for the task.

Communication

Effective communication is of primary importance in any business which is likely to last and succeed. The entrepreneur needs to possess effective communication skills; be it in any aspect of the business as this is the only way to pass information which is essential for the business’s growth. Communication skills are of great value for any successful and long lasting business.

1-Written

In business, so many people spend their time communicating in writing. Meanwhile the fax and inter-office memo stand out as an old hat, you will probably spend a good number of hours a day consulting your inbox. You need to sharpen your word power to provide effective communication skills in order to add some important and valuable information to reports, proposals and resumes.

2-Social Networking

It is true not all are social gadflies since some do their best to make just small talk. It still remains a key step to learn how social Medias work as they remain an outstanding means of modern communication. A means through which many have made lot of money and have finally reached financial freedom; a state where they no longer need to spend time worrying about the money problems that arise so often in life.  

3-Speaking

Amongst the world’s most popular fears, public speaking ranks very high. But as an entrepreneur who is aiming at excelling in business, you must overcome it, and the one and only way to overcome this fear is by practicing. After a series of practices of effective communication, this shall no longer be an obstacle for your success anymore. Obviously you shall feel more comfortable working from the safety of your desk but for sure at some point you shall have something to present. So it is better to have some experience before being forced to perform unprepared.

4-Sales

Many think they do not need to sell, but the truth is we sell each and every day. This starts even before your first day, which is during your interview, persuading your partner you really need that purchase, moving out of the parking ticket. In fact persuading skills can just come in handy in every need.

5-Negotiation

Effective communication skills as one of the business skills show up during negotiation. Should in case you cannot sell then at least you can negotiate.  Although most of the skills are the same, there exist some people who have been in business for a while and can drive a hard bargain. Should in case you lack the skills you will lose most of the time.

Planning

Planning is another skill which remains outstanding amongst business skills. This is because many entrepreneurs did started their businesses, took it up to some level but because of poor planning most often financially where forced to get back to point zero. So in order to succeed in business, it is essential you develop effective planning skills in all aspects of the business.

1-Strategic

Any business which wobbles from one crisis to the other will obviously not last long. In case you are in charge of such a business then you need to get back the marching order by developing good strategies which would help you see ahead and prevent the crisis from repeating itself. This is because developing a good strategic plan in a business is of great importance in its growth.

2-Project

Good project management makes your life together with that of your team less stressful. Project management also gets things done on budget and on time too. Many have dropped on the way because the initial budget is unable to take them to the end. As an entrepreneur who is aiming for success, it is essential you see on working hard to develop the project in a suitable way.

3-Financial

Bad financial planning has made so many businesses go out of the business line. This often occurs when all the cash flows in through the wrong direction. If the business’s finances are in the wrong hands then that business will not last long. As a result of this someone really needs to hold a firm grip of the financial situation of the business, if not you or someone might take a trip at a tropical island at your expense without you knowing.

4-Risk

As an entrepreneur if you are in possession of the ability to foresee a pothole, then you take immediate measures to mitigate it there by freeing your business from potential risk. Anyone who is aiming on succeeding in business should often use past experience and present situations to predict the path the business is taking. In case the business is not on the right path, quick adjustments should be made before it is too late.

Productivity

Being productive is what all entrepreneurs are in search of to make their business move forward. Productivity is one of the business skills which should not be neglected as it greatly contributes to success in the business’s output.

1-Time management

It should be noted that as an entrepreneur time management increases your respect and also reduces stress. An entrepreneur who aims success for his business would take on managing time in an appropriate way and avoid always turning up some few minutes late and looking unprepared.

2-Meeting management

Even though many do not appreciate meetings, they remain a fact of any business life. Nevertheless, there still exists some who enjoy them as a way to avoid real work. As an entrepreneur if you succeed getting meetings to be productive and under total control then you will move ahead together with your business.

3-Leadership

Leadership really helps you take the lead of things at hand. Here you are to see on being able to get people follow you and also do the things they really do not want to do for the good of the team.

4-Personal productivity

Before you can think of leading anyone, you need to first of all work out a way on how to get the best out of yourself. Check out on the areas you do excel in as this would be of added advantage to you.

Creativity

One of the things that make an entrepreneur succeed in business is the approach used. That is something unique which is developed from personal experience and know how in that particular field of work. As an entrepreneur who aims for success see on setting aside a good number of hours per month which you shall use for letting work your thinking capacity. That is a time of creativity, one which shall bring in new approaches in your business.

1-Imagination

The power of imagination is a great one. Still many people prefer to neglect their creativity to take on all they find logic. But the truth here is that most successful people in the world today are also the most imaginative. Thanks to their imagination they have all reached where they are now presently.

2-Problem solving

The biggest part of surviving in business has to do with solving all problems that arise effectively and fast as possible without any little time wastage. Should in case you have any employee who is in possession of the ability to keep their head in a crisis while fighting fire, he is really a worthwhile asset to the business.

3-Inventiveness

As an entrepreneur aiming for success, you should be creative, and after creating you would obviously sell it. Look around you and pick out the things you think people need; by creating these things you are providing a solution to them and you shall get paid for this.

4-Connecting ideas

Some best ideas in the world which led to the success of so many simply came from the connection of two little ideas. While striving for success, see on allowing yourself some free time which you shall use for connecting your little ideas to see on what you can bring out of it.

The business development manager relies on depth knowledge of business theories which allow enterprises to grow. The business development manager does evaluate the current performance of a business thereby thinking of ways which it can be changed to reach its full potential. The business development manager researches the identities of all specific target markets and a thorough assessment of all the current marketing opportunities. The business development manager is responsible for monitoring the outcomes of the business thereby monitoring all activities taking place in the market to see how present plans meet or contradict already established business models. This is a model which was previously designed by the business development manager to make alterations and stay at top competitive levels. The business development manager is responsible for developing new strategies aimed at attracting new customers who were not previously targeted by the business. In order to get the attention of many customers as possible, the business development manager would not just create but also deliver subsequent impressive presentations. The business development manager also takes part in negotiations with all potential clients. A healthy salary can be expected by the business development manager.

Precise responsibilities of a business development manager

  • Keep an up to date of the overall business trends.
  • Perform deep researches in to the market, customer trends together with competition in the market.
  • Use quantitative and qualitative techniques to collect all useful information.
  • They are responsible for preparing a detail business plan which does not only cover relevant goals but does cover a good number of objectives.
  • Attend trade affairs together with workshops.
  • They are responsible for looking after the company’s financial resources thereby allocating them as appropriate.

Concerning the qualifications needed to apply as a business development manager, there really exists no prior qualification which needs to be gained before applying for the position. Nevertheless many hold degrees, some of which are from relevant subjects which include economics and business related studies. Most employers would expect holders of an A level grade. 

Business development managers would need to possess the following skills;

  •  Be in possession of good communication skills.
  • Possess good interpersonal skills.
  • Hold a good business knowledge.
  • Have excellent negotiation skills.
  • Have an excellent grasp of numbers and the ability to write professionally.
  • Possess the ability of problem solving.
  • Possess the ability to hold tight to objectives and goals.
  • The ability to manage pressure.

Business development managers have good working conditions. They work in an office environment so their working conditions are quiet favourable. But generally they would always have to visit other offices and other working environments to hold meetings and conduct research.

 

 

 

 

 

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