Many people can start businesses, but not everyone can build successful businesses- the businesses that are not only successful, but also empires that live for a long time.
For
whatever type of business, blogging, service delivery or manufacturing
you need to have certain characteristics if you want to succeed.
The people who are in charge of starting and keeping BUSINESS alive and functional need to have the following characteristics:
Commitment
Committed
to see that the objectives of the BUSINESS are met, by ensuring that
they are available for BUSINESS’s activities without unreasonable
excuses. These people are committed enough to put first before their
personal interests, the interest of the BUSINESS and targeted
(customers).
Entrepreneurial skills
Innovative, creative and ready to take risks type of a guy is appropriate for making a person a successful BUSINESS manager.
To
have a successful business is not only about having unique business
idea or special expertize on producing your products, but also ability
to understand and satisfy customers, plus the fact that business
environment changes over time, you need to be innovative to change your
products, processes and modes of service delivery.
A
successful business person is able to anticipate changes, prepare for
changes and take appropriate direction when changes happen because he or
she can also take risk.
Management Skills
Management
skills required to run BUSINESS include financial management skills,
human resources management skills, project management skills, strategic
management skills, IT management, marketing and procurement management
skills.
Successful
BUSINESS manager is not necessarily the one with specialized knowledge
in all of these areas of management, but should be familiar with such
fields, having general understanding of some of areas management, and be
specialized in one of those management areas mentioned.
It
is therefore important if owner of a business doesn’t have management
skills to find training or hire people with specialized expertise. I recommend you read this article HOW TO GET EXPERTS CHEAPLY
Financial capacity
Financial
ability to acquire information, build connections, pay for
establishment costs like rent and electricity is needed to start a
business.
Though
on the way, there are chances of getting finances from external
sources, over reliance on external sources may not do good for your
business. A successful business person knows how to save for his or her
own business, knows how to protect liquidity position of his or her
business.
Vision
The
founders /managers should set long term rewarding goals for the
BUSINESS. They are supposed to create a picture of the business in the
near and far future, to motivate and give direction to themselves and
those around.
Knowledge of the business (products and processes)
It
is not a must that the manager/founders be people of a specialized
field in which the BUSINESS is dealing with – say it is not a must for
an IT BUSINESS to be formed and managed by an IT guy, but it is
necessary that the managers/founders have adequate knowledge of the
challenge their BUSINESS is trying to face and solve.
The
successful business person knows and search for experts to help with
those areas which need specialized expertize while the successful
business person himself or herself works hard to be familiar with the
subject matter.
Passion
To
establish and manage BUSINESS takes time and need commitment as
explained above. Success or achievement of objectives of the BUSINESS
may take a lot of time.
To
go through all the hardship of managing the BUSINESS and serving
customers, require people with passion of doing what they have to do.
Source;Johnie Blog
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