Being an entrepreneur is not for the faint of heart. Whether you’re running a one-person start up or a 500-person enterprise on its way to an IPO, the pressure and the responsibility are great.
The skills that are needed to be a successful entrepreneur aren’t just skills you’re born with; they can be nurtured and developed. Check out our first instalment of the A-Z of entrepreneurs to see if you have the skills needed, and to be inspired by entrepreneurs who have taken their businesses to the next level of success.
A is for Apple
Apple was founded in the garage of Steve Job’s parents… As they say, from small beginnings come great things.
B is for Belief
Belief in yourself, in your business, and in your idea. There will be banks, other businesses, even beloved friends who won’t see the possibilities like you do. Don’t let them deter your vision.
C is for Customers
Ultimately, what your business is all about is its customers, whatever it is you provide. Let them teach you how to make your business better by listening to what they have to say.
D is for Decision-Making
You need to be prepared to make decisions that affect everyone who works for you, whether it’s the location of your business or the type of benefits you provide your employees.
E is for Employees
If you have even one person working for you, it’s important to create a work environment that promotes productivity and remains an enjoyable place to work in. Loyal employees can help take your business to the next level, when they’re motivated to succeed.
F is for Flexibility
Sometimes, what you envisioned when you started your company is not where it ends up. Flexibility allows you to make the most of your circumstances, no matter how much they change over time.
G is for Google/Alphabet
Named the number one workplace in the world for seven of the last ten years, Google has prioritised its employees’ happiness, offering things like paid parental leave, free gourmet meals and onsite fitness facilities. The result is a group of employees who are willing to reciprocate by working hard.
H is for Help
There’s nothing wrong with asking for help when you need it. Getting advice from a colleague or a mentor can be the difference between status quo and taking your business to the next help.
I is for Investing
Investing in your business by going to workshops, buying books and magazines on your trade, and taking an occasional break to clear your head, is something every successful entrepreneur does.
J is for JK Rowling
It’s not just tech start-ups and investment firms that can become wildly successful; even writers and other arts professionals are entrepreneurs. JK Rowling is worth around $1 billion, though she was near-destitute before finally signing Harry Potter with a publishing house.
K is for Key to Success
If there were just one, it would be bottled and sold for copious amounts of money. The truth is, though, that there are many factors which contribute to a successful business, including hard work, determination, and many of the skills you’ll find in the A-Z list.
L is for Learning
Learning is something that never ends when you’re an entrepreneur. Businesses are constantly evolving, whether you want them to or not, so the best way to stay on top of your game is to continue to educate yourself.
M is for Money
Having a great idea and the ability to execute a business plan is great, but understanding how to manage money is essential to owning a business.
Look out for part two of our entrepreneurial A-Z, coming soon…