To run a business successfully, there are a number of skills that you need to acquire. The main areas that will need your input include accounts, sales and marketing, human resource and information technology. If you are running a small company, it may be possible to learn something small about each of these areas. Larger companies have bigger departments and so the wise thing to do would be to have assistants.
Before deciding on the list of skills that you wish to acquire, you will firstly need to evaluate your strong and weak attributes. It is the strong points that should be emphasized. Areas that you are not very competent may require that you delegate to another person. This assistant may be a partner or an independent third party that has been employed by your company. Additional training usually helps in the reinforcement of skills.
Nurturing your marketing skills is very important. It is through marketing that the company is able to attract clients and this serves to keep the company running. You need to realize that marketing is not all about taking out your products and services and convincing someone to buy them. On the contrary, there are many other things relating to the market and the whole industry that you need to learn.
Human resource skills are required to help you manage your employees. The main focus here should be how to get them to be most productive without compromising on their welfare. They need to be remunerated in the proper manner and to have other aspects of their social life in the workplace taken care of. You will need to establish whether there is a need for training of your employees and the frequency at which this should be done.
Financial aspects of a company are perhaps the most sensitive of all. They require that one is well trained, keen and diligent. Without proper skills, it may not be possible to meet the budgetary requirements of your company and you may end up with serious debts and losses. If you do not have formal training in finance, there is need that you undergo a short course or to delegate this task altogether.
There is no doubt that as you go about your tasks, you will meet vey many people. These will appear to you as suppliers, associates, customers, partners and shareholders among others. Without these people, your company would never exist. It is important, therefore, that you learn how to negotiate and relate with these groups of persons for the smooth running of your firm.
The law is another area that you will need to learn something about. There are many legal issues that relate to the way companies are formed and run. If you are not aware of them from the very start, there may be numerous challenges for you in future. Having a lawyer represent you in some of the complex legal matters is highly advised.
Logistic skills will help to avoid unnecessary losses in your business. Logistics refers to aspects such as procurement, transport and storage of goods and services. If you have some knowledge in this area, you will be in a position to ensure that everything here is taken care of. If you do not, the alternative is to hire a logistics expert.
Before deciding on the list of skills that you wish to acquire, you will firstly need to evaluate your strong and weak attributes. It is the strong points that should be emphasized. Areas that you are not very competent may require that you delegate to another person. This assistant may be a partner or an independent third party that has been employed by your company. Additional training usually helps in the reinforcement of skills.
Nurturing your marketing skills is very important. It is through marketing that the company is able to attract clients and this serves to keep the company running. You need to realize that marketing is not all about taking out your products and services and convincing someone to buy them. On the contrary, there are many other things relating to the market and the whole industry that you need to learn.
Human resource skills are required to help you manage your employees. The main focus here should be how to get them to be most productive without compromising on their welfare. They need to be remunerated in the proper manner and to have other aspects of their social life in the workplace taken care of. You will need to establish whether there is a need for training of your employees and the frequency at which this should be done.
Financial aspects of a company are perhaps the most sensitive of all. They require that one is well trained, keen and diligent. Without proper skills, it may not be possible to meet the budgetary requirements of your company and you may end up with serious debts and losses. If you do not have formal training in finance, there is need that you undergo a short course or to delegate this task altogether.
There is no doubt that as you go about your tasks, you will meet vey many people. These will appear to you as suppliers, associates, customers, partners and shareholders among others. Without these people, your company would never exist. It is important, therefore, that you learn how to negotiate and relate with these groups of persons for the smooth running of your firm.
The law is another area that you will need to learn something about. There are many legal issues that relate to the way companies are formed and run. If you are not aware of them from the very start, there may be numerous challenges for you in future. Having a lawyer represent you in some of the complex legal matters is highly advised.
Logistic skills will help to avoid unnecessary losses in your business. Logistics refers to aspects such as procurement, transport and storage of goods and services. If you have some knowledge in this area, you will be in a position to ensure that everything here is taken care of. If you do not, the alternative is to hire a logistics expert.
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