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Join Date: Sep 2010
Location: Springfield Lakes
Thanked 26 Times in 26 Posts
| | Re: Required skills for day to day management of your business?
Well there are so many but I think what has allowed me success;
- A passion for what you are doing, something that just gives you that "yes" inner voice about the business model you are going into, that was the first thing for me,
- A focus on creating a plan of attack. The business world can be so cluttered and you will find yourself having idea after idea. Stay focused on the important ones and more importantly, follow them through to completion!
- A financial ability, even it is a broad skeleton of accounting, you need to have control of cash flow and your finger on the pulse of every dollar that passes through your business. It does not take much to have enough knowledge but then bring in the expert as soon as possible. I am an accountant so I have been lucky with that but cannot instill enough the importance of considering the financial arm of your venture, weekly if not daily.
- Patience, unless you have an existing client base or income, it will take you time to build the venture to a level that funds your lifestyle. Be patient and keep your eye on the prize.