Being able to manage finances effectively is a must for any business. A study conducted by Gallup found that managers account for 70 percent of the variation in employee engagement, which emphasizes the need for companies to develop leaders who can boost productivity and team morale. Understanding business is one of the most valuable and versatile skills you can have, and it is needed in almost every workplace and industry. Business skills, often referred to as “soft skills”, allow you to understand both consumer and organizational behavior and use that knowledge to achieve your company's objectives.
These skills include, but are not limited to, management, communication, marketing, technology, operations, leadership, public relations, writing and more. What skills are most important to develop right from the start? We asked 11 members of the Young Entrepreneurs Council what fundamental skill they believe is essential for success. Leadership is a key skill that all business owners should strive for. Many first-time business owners feel anxious when it comes to changing their tasks as the company grows. No leader wants to be perceived as the lazy type of ideas, but there comes a time when growth is important.
Leading means focusing on the big picture instead of walking around the office showing that you're not afraid to roll up your sleeves. Train yourself to delegate all tasks that don't require your authority by spending an hour each month auditing how you spend your time throughout the day. You're not doing your team a favor by supporting them with small tasks if that means you're not out there creating new opportunities for them. Some leaders lead their followers, but they don't innovate as long as an opinion leader has something controversial to offer. It could be someone whose story, product or ideas aren't popular, but opinion leaders have a very different thesis and message to share to motivate others.
Leadership is very important, but you must be a thought leader to function well every day. Teamwork is another essential business skill. From construction work to marketing, from nursing to acting, teamwork and collaboration are a vital part of keeping the organization or company running smoothly. By interacting and collaborating with your colleagues, the organization or company will grow and succeed. Each one has a different set of skills that they bring.
By interacting with your co-workers, you can come to a better conclusion or idea than you would have on your own. When you arrive at your new career with quality teamwork skills already in your pocket, you'll be one step ahead of the competition. While critical thinking skills were something that many employers thought graduates could improve upon, teamwork and collaboration were skills that most employers were very impressed with. Business professionals need to communicate with a variety of audiences, including (but not limited to) executives, consumers and colleagues. You can get tons and tons of customers in your business, but if you don't provide exceptional customer service those customers will never stay. At a career-focused business school such as Goodwin University, you'll learn how to communicate clearly and concisely (verbally, in writing and in the form of a presentation) with a variety of groups.
Business administration students leave with a strong multicultural awareness and the ability to support ethical behaviors, promote corporate social responsibility and participate in social enterprises. When you're a small business owner, you have to take on a lot of the day-to-day responsibilities yourself at least at first. To learn how Goodwin can help you develop valuable and versatile business skills don't hesitate to contact us directly. In any business environment professionals rely on communication to coordinate efforts and achieve organizational objectives. A business owner must have a firm understanding of SEO, social media marketing, online advertising and more to guide the company's growth. Not only can a business base build greater trust in the workplace but it also opens the door to a myriad of career opportunities. In the right business school you'll learn how to manage and coordinate people as well as business processes and resources.
Emotional intelligence is another essential business skill and research shows that it's a leading indicator of workplace performance. If you want to achieve similar goals in your career here are ten business skills you should develop: management; communication; marketing; technology; operations; leadership; public relations; writing; customer service; qualitative & quantitative analysis; emotional intelligence; teamwork & collaboration. At Goodwin University we offer courses that will help you develop these essential skills so that you can be successful in any business environment. Our courses will teach you how to manage people processes & resources as well as how to communicate effectively with different audiences. We also provide courses on qualitative & quantitative analysis so that you can make informed decisions based on data-driven insights. By developing these essential business skills you will be able to create value for yourself & your organization while also opening up new career opportunities for yourself. So don't hesitate - contact us today & start developing these essential business skills!.