Tag: entrepreneur skills

  • Top 13 Most In-demand Skills to Help you Land a Job in 2022

    The 21st year of the 21st century is about to come to an end, leaping into 2022 which patiently awaits a significant buildup towards the peak of the much-awaited Fourth Industrial Revolution. This revolution could trigger the advent of completely new tech industries and companies which would be generationally different from what the established corporations have come across.

    Every aspect of regular human life is increasingly becoming digitalized, which would mean more data to be processed smartly and efficiently. The emergence of cutting-edge technologies like AI (Artificial Intelligence) and the new Metaverse which presents a three-dimensional internet becomes one of the several testimonies of this worldwide digitalization. Keeping this in mind it is only intelligent to keep a few tech skills handy, while also nurturing some basic soft skills which might become an exclusive enabler for everyone as 2022 begins.

    To help with this newfound era, some inherently necessary technology-driven skills that should be equipped and learned by the masses are suggested below.

    Top 7 Emerging Hard Skills to Add in Your Resume
    Top 6 Emerging Soft Skills to Add in Your Resume
    FAQs

    Top 7 Emerging Hard Skills to Add in Your Resume

    Artificial Intelligence (AI) and Machine Learning (ML):

    Artificial Intelligence and Machine Learning
    Artificial Intelligence and Machine Learning

    Artificial Intelligence and Machine learning are emerging as the prime focus of every other company which requires processing its data to make it more and more customized for all customers, aligning the interests as preferred. Along with this, AI has become a very powerful tool in handling the basic daily needs of its user by assisting in playing music or even switching the lights on or off.

    All leading companies have introduced their own virtual assistants like Cortana (Microsoft), Alexa (Amazon), Google Assistant (Google) which are programmed to learn the mannerisms of its users, along with the introduction of software(s) like facial recognition. Experts have agreed on AI being the ever-rising component of the tech industry, making it one of the finest skills to acquire for anyone.

    UX Design:

    UX Design
    UX Design

    Innumerable websites are being created on an hourly basis on the internet offering several services to its visitors which has generated a lot of tussles between multiple competitors with the same aim in mind. UX designers have become a must-have for any organization which wants to have a prominent and powerful internet presence since the designers create products and websites having peculiarly attractive first impressions for any visitor.

    The impression is enhanced by thorough research, prototyping with precision, and structuring accurate information architecture. This increasing demand for UX designers makes the skill extremely desirable for many years to come.

    Cyber Security:

    Cyber Security
    Cyber Security

    The rate of digitization of data is immeasurable today, making almost everything accessible online if a person has an advanced understanding of working the system to extract whatever information is needed. Thus, data leaks have become recurrent which has made the need for cyber security workers and experts more than ever before. Any company with a virtual database would prefer having a cyber security team for the protection of data stored from possible threats.

    Not just that, but even national governments have forums to protect their people from being harassed or bullied online. Hence, being familiar with the data and IT security skillset would increase the chances of being employed at every other private/government organization on national and international levels.

    Blockchain Programming:

    Blockchain Programming
    Blockchain Programming

    In a world where cryptocurrency and NFTs (Non-fungible tokens) are becoming important every passing second, it is highly advisable to start learning the basics of blockchain programming which has acquired popularity alongside Bitcoin (BTC) having its entire functioning based on it.

    A single BTC is worth more than 50k USD which only makes the learning of blockchain programming even more incentivized as being equipped with such knowledge would not only help in building blockchain startups but also benefit you in trading as well. Thus, increasing the popularity and demand for advanced programmers with an extensive understanding of the crypto market.

    Robotic Process Automation:

    Robotic Process Automation
    Robotic Process Automation

    RPA (Robotic Process Automation) is a lesser-known skill set that has taken over numerous markets and their operative. Despite economic pressure faced worldwide as an aftereffect of the pandemic, this field will continue to grow through 2021 to 2022 in industries like healthcare and transportation. Thus, acquiring expertise in RPA can become a major add-on to anyone’s Curriculum Vitae.

    Cloud computing:

    Cloud Computing
    Cloud Computing

    Every company with a significant amount of information to be stored in their database requires cloud storage with functioning load balancing and scaling done efficiently. This also provides enhanced collaboration with full transparency for its users in tech industries as the cloud designers focus on continually customizing the user interface as per its users’ demands. Having cloud computing as an added skillset would smoothen the working of any organization which makes the job is constantly in demand.

    Web Development:

    Web Development
    Web Development

    Coding with Java, CSS, HTML has become the backbone of the internet with every new website that’s being created or any keyword being searched on the search engines, there is always a code running in the background carrying out all the tasks as we watch it being performed. These mechanisms need modifications and rectifications from time to time where the web developers come in. This inherent need for their abilities cannot be eliminated even after automation which makes this a much-required skill for the years to come.


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    Top 6 Emerging Soft Skills to Add in Your Resume

    Top Emerging Soft Skills
    Top Emerging Soft Skills

    After having addressed some of the aforementioned need-of-the-day skills required for any budding entrepreneur, given below is another list consisting of major soft skills required to give the technical aids a proper room for growth to reach full potential:

    Stress management:

    While it may look like there isn’t anything that can be done about stress at home or work but when thinking hard enough there might be some ways to manage stress. Starting with, identifying the source of the stress, not holding on to things, moving on, connecting with people, and a lot more.

    Emotionally intelligent leadership:

    Emotionally intelligent leaders are leaders that are aware of their emotions and also aware and understanding to emotions of other people. These are the people who can connect to their employees well and channel their emotions into projects and assignments and do extraordinary work in their respective fields.

    Methodical innovation:

    Methodical innovation is important for clear understanding and application of theoretical ideas and strategies that result in productivity.

    Impactful social influence:

    Making an impactful social influence is important for positive effects on opinions and behaviour. It can be manipulative still has its advantages.

    Analytical approach:

    A leader needs to have an analytical approach to problems. An analytical approach is breaking down the problem into different elements so that it becomes smaller and easier to solve and is less time-consuming.

    Problem-solving inventiveness:

    Problem-solving inventiveness is important as it provides a systematic and organized approach to solving the problems. A leader is required to have this skill for fast and better solutions.

    Conclusion

    The new age of industrialization and technology is bound to create a multitude of openings to channel creativity while engaging on a worldwide stratum of information and idea exchange. The skills listed above are bound to come in high demand as the market will expand faster than ever, especially on a virtual plane. Hence, it is only intelligible to indulge in skills that would put a day’s work on the level of authentic importance in a pacing network of budding market demands.

    FAQs

    What skills will be in-demand for the next 10 years?

    7 High demand skills for the next 10 years are Selling, Marketing, Coding, Negotiating, Communicating, Leading, Problem solving.

    What is the best skill to learn?

    The best skills to learn are Writing, Public speaking, Meditation, Forming good habits, Negotiation, Mathematical thinking, Coordination, and flexibility.

    What new skills can I learn?

    The new skill one can learn is Programming skills, Data Analysis and Statistics, Digital literacy, Foreign language, Project management, Speed reading, Public speaking, and Social media and digital marketing.

  • Win Win Negotiation Skills Entrepreneurs Need To Be Successful

    Negotiation tactics are very important for the business’s success. One must hone the skills of negotiation to build the company at a higher level. Many businesses miss out to recognize the importance of negotiation skills for any further deals to make. It might be a small business, startups, big firms, individual contractor, all need to develop this skill to have a win-win situation between two parties.

    “The most difficult thing in any negotiation, almost, is making sure that you strip it of the emotion and deal with the facts. And there was a considerable challenge to that here and understandably so.” – Howard Baker

    To be a good negotiator, one must try to step into the shoes of other business owners and you will know that almost everything involves negotiation. And in business, sometimes you are a buyer and sometimes you are a seller. So, knowing the technique of negotiation make you survive in the market.

    Negotiation Skills Entrepreneurs Should Know
    Conclusion
    FAQs

    Negotiation Skills Tips

    Negotiation Skills Entrepreneurs Should Know

    Here are 8 negotiation techniques that will make your business more efficient and you will succeed as a confident negotiator.

    Get Prepared

    As a first step, we must be prepared by making in-depth research of the dealer. When you know the inside and outside of the parties involved, it will be helpful for you to make proper negotiations. This holds good even if you are at the other end of the table and want to buy the products or service. The main thing is to have a good idea about the dealer and be clear of what you want out of the arrangements. Without the preparation and research, if you sit for the negotiation, you are half-lost. So make a good research of the party and know their strengths and weaknesses.

    Have patience and listen to the party

    Some of the negotiators talk too much endlessly and does not make a good deal. This is the worst kind of negotiation, be patient, listen to the party, understand their needs and make a wise arrangement. A good listener is a good negotiator. Dominating the conversation will not fetch you any information, so listen attentively.

    No egos and have balanced emotions

    Negotiation Skills | Keep the negotiation professional
    Negotiation Skills | Keep the negotiation professional

    Be confident enough as you have done your background research on the party and most importantly have a check on your ego. When are free from your ego and emotions, you can then think objectively and make a flexible deal. To be a successful negotiator, one must think well even in a stressful situation and find common grounds. During the arguments be neutral and control your thoughts and emotions. Don’t be rigid in your arguments, have a calm mind and think productively which helps both of you. ‘Keep the negotiation professional’.


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    Ask right questions

    Spend some time asking questions to the dealer. This may give you some useful information which helps in negotiations. Don’t be afraid of asking questions as nobody knows everything. According to the deal, you can ask some relevant questions to the dealer:

    • What is the best pricing you can offer?
    • How can you assure me that your product or service suits me?
    • Who are your competitors and how best is your product compared to them?
    • What is the time period of our deal?
    • What is the benefit of our deals?

    Negotiate optimistically

    When you are negotiating, have faith and compassion. It is commonly observed that in negotiations we tend to become defensive as we wish to make the best deal in our favour. But if each other know their strengths and weaknesses, it will be easy to come to a win-win situation. Feel comfortable to set the deal and think optimistically rather than turning off the deal. In this case, both can have mutual benefits.

    Make several offers

    Instead of one offer, make several offers till the party is satisfied. Make two or more offers, so that the party gets more options to accept the negotiation. If a lot of confusion arises between both of you, you can even contact a third person to have a perfect deal. This will not only make the negotiation easy but also gives a creative solution.


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    Walk away if the negotiation fails

    The negotiation will be succeeded if you have a positive mindset. Don’t think negatively during the negotiation. Always stay neutral. You tend to close the deal if the party does not accept your negotiations and has a lot of negativities during the arrangements. Always know that you will make hundreds of negotiations in the future. And keep the space open for many opportunities. Don’t force the party to make a deal that does not have any benefits to you.

    Close the deal with confirmation

    Negotiation skill | close the deal with confirmation
    Negotiation skill | close the deal with confirmation

    At the end of the deal, know how to end the negotiation. It is important to make a recap of the whole arrangement though the negotiation has succeeded or failed. If the deal happened so is a success confirm it and make appropriate follow-ups through emails or letters. Do not leave behind any confusion.

    Conclusion

    Negotiations are part and parcel of any type of business. Negotiating is a kind of CHESS, you should be wise enough to answer instantly at the right time. For this to happen you should have made proper preparation and have the skill to present everything well. It is also important to stick to your own principles so you don’t compromise on the deal. Be ready to give concessions but do not go low. If you know the technique of striking a bargain then don’t think of perfections.

    FAQs

    How to keep the negotiation professional?

    Always have a good and optimistic arrangement with the party. Choose the right words and be strong in making the deal. If the deal is professional then the relationship between you and the dealer can be taken forward.

    What is negotiation?

    Negotiation is a strategic deal that resolves an issue that will be acceptable to both parties. It finds the common ground and benefits each other.

  • 10 Must-Have Skills to Succed as an Entrepreneur

    There are some sets of skills that every entrepreneur should have like leadership, managing and entrepreneurship skills. It is considered as one of the major factors of production. An entrepreneur’s ability is gauged by how well they make decisions, creativity and how well they are good in the management of risks and resources. If you are an entrepreneur and you are not sure about what it takes to boom your business, here are some must have skills for every entrepreneur.

    Skills For Every Entrepreneur
    FAQ’s
    Conclusion

    Skills For Every Entrepreneur

    Skills For Every Entrepreneur

    These are some of the necessary skills an aspiring or a-would-be entrepreneur should possess in order to succeed as an Entrepreneur.

    1. Ability to Solve Problems

    In this world, there is no entrepreneurship that will succeed perpendicularly. Problems do arise but we should apply different tactics to handle them. Before winning a battle, failures are guaranteed. Have the skills to predict risks and come up with risk management plans to solve the problem.

    2. Ability to Manage Money

    An ultimate goal of doing business is to make a profit (money). How do you expect to manage a business if you don’t have the skills to manage money? Budgeting for the business will also be a big challenge to any business which is not well handled will result in a loss.


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    3. Networking with the Right People

    Before venturing into any business, you must set goals for it. Create the right linkages and fish out resourceful people to acquire business ideas. Out of the entrepreneurs, you spend time with, define your role model and work towards achieving that. Learn more from successful ones and ask them how they manage. Share as many challenges as possible to get solutions to the problems affecting the business.

    4. Building Relation with Customers

    In a real sense, business without customer is like dead wood. In business engagements, we either sell services or products. Make sure the ideas you employ, the decision you make and services offered meet customer needs. Do a lot of research where necessary to get a viable solution. Sell the skills acquired into the business so as to attract more customers.

    5. Being Resourceful

    The moment an entrepreneur knows how to manage money; the next question should be how he can source for more to pump the business to a greater profit. Have the capacity to identify the sources of funding. This also involves a convincing voice to sell out the business and attract more funding.

    6. Managing Stress Efficiently

    Stress can kill entrepreneurs if not well handled and managed. There will always be a time when all options that you try will hit the wall. Frustration occurs in the process of trying to fix this. Don’t let stress put you down, instead, turn them into an opportunity to grow. Apply useful tactics for business growth.


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    7. Managing People Effectively

    Managing people takes different dimensions. Use different parameters to gauge people’s capabilities. Identify their weakness and work on them. Productivity can only be achieved by having an effective team on board. Motivate and build them every day. Treat employees with equality as it brings respect. Timely feedbacks about the business will be experienced.

    8. Capacity Building

    Limited skills can affect the growth of a business. Enhance the team performance by training them in key areas. Identify the gaps in each and every team member and plan for capacity-building sessions. This will give them the strength to handle complicated issues as commitment levels go high. As an entrepreneur, this will form a basis to handle employee misconduct issues.

    9. Learning Ability

    The market demands changes and affects business every now and then. Don’t assume you know every detail about your business. How to build customer trust in an online business?  A business if strategized well moves very fast. Emerging trends should be monitored and applied with immediate effect to avoid business disruption.

    Get skills and focus more on what level you want to take the business. Whether you want to generate revenue or to make a mark in the business. You might want to make your customers loyal to your business or brand? All these types of questions should be answered while trying to learn about your business.

    10. Identifying Strength And Weakness

    Nobody is perfect in this world. It is crucial to identify what you are good at (strength). Identify weaknesses so they don’t overpower the strengths. This will help in making an informed decision about your business. Acting on weaknesses with courage and sheer strength will help you go long way.


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    FAQ’s

    What are entrepreneurial skills?

    Entrepreneurship is an individual’s ability to turn ideas into action. It includes creativity, innovation and risk-taking, as well as the ability to plan and manage projects in order to achieve objectives.

    How do you develop entrepreneurial skills?

    Here are some effective ways to enhance your entrepreneurial knowledge.

    • Attend events
    • Learn from the experts
    • Don’t give up
    • Volunteer to lead
    • Learn from a mentor
    • Keep learning
    • Enhance communication skills

    What is an entrepreneur example?

    An entrepreneur is a person who starts a new business and usually risks his own money to start the venture. Examples of well-known entrepreneurs include Bill Gates, Steve Jobs, Mark Zuckerberg, etc.

    What are the 7 skills of an entrepreneur?

    These are some essential skills required to succeed as an entrepreneur.

    • Ambition
    • Willingness to Learn
    • Ability to Listen
    • Creativity
    • Assertiveness and Confidence
    • Perseverance
    • Courage and Risk Taking

    Feel free to reach us and share your feedback. We would love to hear from you. Do comment us in the comments section below. Happy Reading.