Business Skills & Knowledge

Business Skills

Isaac helps his clients understand a number of skills that are necessary to start and run a sustainable business. It is important to identify the skills you need to develop or improve so that you can succeed in your day-to-day business operations. Listed below are a few skills that every business owner should grasp:

You must be able to motivate your staff in order to get the best out of them and improve productivity. Allocate time to mentor and coach your employees. Find out more about employing staff.
Building good relationships through networking will help you to grow your business and give you the support you’ll need. Consider joining an industry or business association to grow your network.
It is important to be able to promote your products or services effectively. Providing good customer service and having a marketing strategy in place will help you to generate sales. Find out more about marketing.
Being able to effectively managing your finances is a critical. You will need to be able to forecast your cash flow and sales, as well as, monitor your profit and loss.  Having sound financial management skills will help you to run your business profitably and protect your financial investment. Find out more about managing your financials.
You will need to communicate and negotiate with your suppliers, potential investors, customers and employees. Having effective written and verbal communication skills will help you to build good working relationships. Every communication should reflect the image you are trying to project.
Failure to delegate is a trap many business owners fall in to usually because they are reluctant to let go of control. Managing your time effectively may mean delegating responsibility to someone else in the business or outsourcing. Identifying who you can delegate tasks to allows you to concentrate on those tasks that generate revenue.
Starting a business means you will have to manage a range of projects, such as setting up a website, arranging the fit-out of your premises and developing a range of policies and procedures. Knowing how to effectively manage your resources, including time, money and staff will help you to achieve your goals.

Business Knowledge

Isaac helps his clients understand a number of skills that are necessary to start and run a sustainable business. It is important to identify the skills you need to develop or improve so that you can succeed in your day-to-day business operations. Listed below are a few skills that every business owner should grasp: