Although some entrepreneurs have not attended graduate school, others believe that an MBA provides small business managers with invaluable administration skills. This business savvy only comes into play, however, if you are able to turn your ideas into reality. Here are some skills that make ordinary business people into entrepreneurs:
- Willingness to take risks: Starting your own business is always an uncertain venture. You will have to donate significant personal time and effort to build a customer base. Moreover, a new business requires a sizable financial investment. Running a start-up is not easy, but the opportunity to manage business operations and the possibility of great success often make it worth the risk.
- Innovation and creativity: How will your business stand out from its competition? Your venture may benefit from the introduction of new products, public relations techniques or even new management practices. It is up to you to determine what is best for your business.
- People skills: As an entrepreneur, you will be the one who pitches products to potential investors or assists customers during sales. Understanding the needs of clients is crucial to your success, as is the ability to communicate with your partners, investors and supporters.
- The ability to multitask: You will probably have to tackle a range of tasks in different areas before the venture returns enough capital to hire additional employees. You may, for example meet with potential clients in the morning, then design advertisements at the office during the evening.
Resource : https://www.allbusinessschools.com
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