It is a highly competitive world out there and you will find competition in every sphere of activity all around you. If you forget or ignore the competition, you will find yourself being overtaken and left behind – and soon you will discover that you are out of the fray altogether. If you are not cautious or careful, you will find, to your dismay, that your business has been wiped out completely. And, if you find yourself in such a situation, you have no one else but yourself to blame. Take a look all around you and you will find that a number of businesses and ventures are failing and many entrepreneurs are trying to keep up the competition and remain in business. This being the present scenario, what is it that you have to do stay ahead and beat the competition?
One of the first things that you ought to do is a bit of introspection and make a list of all the qualities that you have. Some of the qualities that an entrepreneur should ideally have is a driving force to succeed, an inherent hunger for education, motivation, ambition, and a passion to succeed. Having these qualities will help you along the path to success.
The basic skill that an entrepreneur should possess is the inclination, willingness, and the ability to learn. No man is perfect, and the knowledge and information out there is almost infinite. You should possess the inclination to learn and you will realise that there are a lot of things to learn. And, when it comes to running a business, you will find that in spite of your skills and experience in running a business there are a number of things that you still have to know and acquire. Learn to enjoy the learning process and you will find that the process is not at all difficult.
A skill that no entrepreneur cannot do without is communication skill – it is a very vital skill that will drive you towards success. Communication does not mean only reading, writing, and speaking skills – it also means listening skills and how well you can listen to a person. Sometimes, merely listening to a person will teach you many things that you do not know and which you are not aware of.
Another important skill that is essential for every entrepreneur is knowledge of selling skills. Selling skill is very essential for the success of any business. You may not be directly involved in selling but, as the business owner, having knowledge of selling skills is essential. If you do not possess this skill, learn it.
Negotiation is a skill that no business owner or entrepreneur cannot be without. Negotiation skills are needed for a business man, an employee, or an employer. While a business man can use these skills for deciding on a price, an employee can use them for negotiating with his boss for a raise, and an employer will use them to bargain with a new incumbent about his salary.
An entrepreneur should especially possess organisational skills, since he would have about a hundred odd things to do at once. Develop a time-management and stage-management system which will help you execute all your planned works in a planned and phased manner.
Learn, develop, and hone the above skills and you will discover that you have beaten the competition hands down and you are way ahead.
In this article the author tells us that competition encompasses every activity all around you. And, if you have to be in the competition you have to take cognisance of the fray and decide how to fight the competition. The article gives you tips on how to face the competition and the areas where you have to brush up and sharpen your skills.