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Home Companies Corporate Updates

Skills entrepreneurs need to have

NM Partners by NM Partners
November 18, 2021
in Corporate Updates
Skills entrepreneurs need to have
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The importance of entrepreneurs in every economy cannot be overemphasized. They not only use initiative to determine what the needs of the market are, but they also take the risk involved in starting and growing businesses. As such, entrepreneurs need to be well equipped to ensure that their businesses succeed.

The following are skills that entrepreneurs need to run successful businesses:

  1. Sales: An entrepreneur should be able to sell his/her products. He/she must be equipped to push forward the features, benefits, unique selling points of the products/services. It will behove entrepreneurs (and their businesses) to be able to sell the product/service to customers, to investors and every other stakeholder.
  2. Communication: Communication is an essential skill for every entrepreneur. Business owners will need to communicate with stakeholders including employees, the government, industry regulators, competitors, creditors and investors and as such will need to be able to communicate effectively
  3. Strategy: It is important for entrepreneurs to be able to strategize. It is important for an entrepreneur to be able to draw up a road map for the organization to reach its set goals. This includes identifying the market, pricing strategies, communication strategies etc.
  4. Networking: Valuable networks are essential for the growth of a business. They can be leveraged for business opportunities, brokering great deals and increasing the overall worth of a business. As such, an entrepreneur must develop great networking skills.
  5. Finance: Finance is very central to the continued survival of a business. An entrepreneur must be able to manage finances properly, account for them and invest them in an informed fashion (considering costs/benefits and Returns on Investments).
  6. Risk Management: Every business comes with its own risk and business owners need to not only identify these risks but also have a mitigation plan in place. One of the most effective risk mitigation methods that businesses can use is insurance. AXA Mansard’s Business Insurance Plan offers protection to Small and Medium Enterprises against business risks. It is a single and all-encompassing and affordable insurance solution that provides covers for your business content and stock, life, health cover and group personal accident cover for employees of your organization, public liability, professional indemnity, covers for your organization’s vehicles and other covers.

Reach out to AXA Mansard today to get your business protected. Visit www.partnership.axamansard.com or call 0700AXAMANSARD (0700 292 6267273) or email smebip@axamansard.com to get started today.

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Tags: AXA Mansardentrepreneurs
NM Partners

NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

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