Basic skills for starting or running your own business

Article Written by : Scrumpy Jack

Experienced managers and CEO’s will tell you that in order to start your own business you will need to have or acquire a range of skills. This is even more important for startups. The smaller headcounts mean that a lot of the work is done by the founder. Here are a few of the skills you will need to master:

Project management

Being an efficient project manager will be very important. The basic gist is to achieve a specific goal or outcome while making the maximum use of resources available and delivering on schedule. There are courses on project management which will speed up the process. In addition tools like Trello offer app based prject management for small businesses.

Accountancy

A lot of founders develop a decent head for numbers before the business is run. In order to raise funds and convince investors, profit, loss and other projections all need to be done. However, once the business is up and running that knowledge needs to extend to maintaining and monitoring the books.

Leadership

As a business owner or founder, leadership is a skill you will need to ensure success. The ability to motivate and improve the productivity of your workforce will affect your chances of success. Leadership comes naturally to some, but even for those it does

Presentation

There will be a lot of presentations. The better the presentations the higher chances of convincing investors to get on board. Your presentation skills say more about you than the items presenting so it is important to master this skills before any other.