Three Skills for a Business: Multitasking, Communications, and Watching the Small Things.
Formal education is very essential to making a good entrepreneur, not only will it teach you about the history it will also keep you updated on the latest developments in the field of your choosing.
Sure there are there personalities such as Steve Jobs, Bill Gates and Mark Zuckerberg who are college dropouts but there are also others like Larry Page (Founder of Google), Jeff Bezos(Founder of Amazon) and Jimmy Wales (Founder of Wikipedia) who did manage to get a good education before inventing companies that had the scope to change the world.
While the question of whether formal education is important for an entrepreneur can elicit many replies depending on whom you are asking, here are 3 things that are essential to a business that has to be learnt by an entrepreneur and not necessarily at school.
Even the best idea will remain just that without someone to communicate it. Communication is one of the most important skills of a good entrepreneur, knowing how and when to communicate and when to not communicate is an essential skill in the world of business.
Communication skills are not just important while building your business but will remain necessary throughout its lifespan. First you will have to bring your vision to life, then use your communication skills to inspire your co workers, build investor confidence and gain good publicity.
Another point to note is that communication is not a one-way street, speaking to others is just half of it, listening and making sure others feel heard is the other half of communication.
Even the best entrepreneurs are constantly seeking to improve their verbal and non verbal communication.
We live in the age of multitasking. To be successful entrepreneur you would have to perform multiple tasks at the same time, while making sure each of these are doing efficiently. As your business grows, you will employ more people, expect your tasks to change but anticipate that you will still be working as hard. The bigger your business gets the more you will have to manage.
As you will have to be involved in many things at the same time, time management is very important. A successful person is one who can manage his time efficiently and use it to its maximum potential. Remember that while you own the business you should not let your business own you, give importance to your own health and family too.
The small things are really the big things
Paying attention to details is a very important part of being successful. Nothing is small enough to be categorized as too small. The little things are often what make a difference. You need to figure out how to deal with the details, for example managing your email well and other tasks such as sending people thank you notes could go a long way in establishing contacts and keeping your life stress free. Be ready to take constructive criticism and work on it to make your business better.