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Entrepreneurship is born out of innovation, the need to solve a problem or the quest to acquire financial security. Successful Entrepreneurs lend credence to the saying that “Entrepreneurship is living a few years of your life like most people won’t so you can spend the rest of your life like most people can’t”. Running a business successfully can mark the difference between having a boring or at the most regular life and living a life filled with material comforts and financial security.

It is believed that the first step towards running a business successfully is product knowledge even though we have had people go into businesses they knew virtually nothing about but the percentage of such businesses that became successful is marginal.

As an aspiring entrepreneur, it is noteworthy that apart from product knowledge, there are other experiences that will stand one in good stead and arm the aspiring entrepreneur with skills needed to be successful in business and some of these experiences can be gained in previous job roles.

The Question is, ‘’what job experience do you need to be a successful entrepreneur”?

ADMINISTRATION: With experience in administration, the aspiring entrepreneur brings to the business, skills in organization, time management, interpersonal relationship, research, customer satisfaction based on feedback and overall management of all sectors of the business. Prior job roles in Administration will most likely equip the entrepreneur with the ability to make strategic plans that will move the business forward and the right communication skills to project and continuously effect and evaluate the vision of the business to and with employees.

SALES MANAGEMENT: Sales is arguably the most important role in every business. A business can be termed successful when it provides customer satisfaction but more importantly when its revenue outweighs its expenditure. The sales process starts from prospecting, sales conversion, giving customer satisfaction, enabling a feedback mechanism to impact business growth and ensuring that the business has repeat customers. Prior Job roles in Sales, gives you the right sense of managing and increasing business revenue.

HUMAN RESOURCES: Punctuality may well be the soul of business but the people in the business are the lifeblood of the business. Experience in human resource roles will help you as an aspiring entrepreneur to effectively manage employees; assigning roles according to competencies and strengths to maximize employee effectiveness. Having a prior role in Human Resource may well be the experience you need to navigate the tight rope of recruitment, performance management, performance appraisal and creating a performance reward system that works.

FINANCE: It is almost impossible to run a successful business without having basic financial skills which can be gained from working in finance in a previous job. As an entrepreneur, money skills are important, after all, you are in it for the money. Having prior work experience in finance helps you to deal with budgeting, interpreting your balance sheet and projecting based on the financial information therein. When you need to borrow to grow your business, having prior knowledge of finance, will help in choosing the right credit option.

As an aspiring entrepreneur, these are some of the tools you need to arm yourself with and you are set to rule.

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