To become an effective businessman, I am ready to do everything In my power to be one. This will include taking in all sources of knowledge. They say a reader is a leader. So reading will be crucial and self development.
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Absolutely and you should focus more on the challenges around the business and possible solutions before looking at the opportunities and benefits in such business because this will enable you to plan ahead and plan for the best.Well I think before going into a business one should have a business knowledge,one should know about the he or she is going into and how to work with it and the strategies to put into place
Innovation is among the thing that will stand you out in the business environment.another is the capacity to manage operations and administrative process,good financial management skill is another.In other to be very successful in your business you have some basic knowledge which Will take you far. As a business owner you have to be creative and inovative, this helps is business strategies. With your create and inovative skill you can beat your compititors in business. You build your business ideas with new innovation, and you make sure you are always moving with the trends in market.
Good,knowledge about the particular business you want to go into is very important,and then your ability and discipline to manage finance s another,then your managerial agumen to control operational process is also a key.There are many ways of acquiring buisness knowledge,you must first acquire the skills needed in doing buisness,you must have buisness plan, then you must have the required capital and for you to be able to be in the limelight you must struggle to have a higher educational qualification.
That is very important in the sustainance of the business,because an employer need to strategise on how to aquire customer that will be sustaining the contineous patronage of the business.I agreed with your pints. In all what we need to do, we need deep knowledge of it. I think a buinsess man also needs communication and interpersonal relationship skill. This skill will ensure customers keep on coming for more. Without this skill, a business man may not knw how to keep his customers.
There are four types of knowledge:
book knowledge, reading what people wrote down;
market knowledge, learning the competitive market inside;
business knowledge, how to design enterprise and execute;
building and selling experience.
What type of knowledge do you think you need to be successful in doing business?