Being an entrepreneur is a challenging function for anyone. It needs your attention and your managing skills at best to result in your favour. Few of the attributes of an entrepreneur are adaptability, creativity and adaptability that allow them to keep identifying new opportunities regularly. According to Ajami Kassem, an entrepreneur is always looking to navigate uncertainties to build the business more compelling. Kassem Mohamad Ajami, has always been a mentor and guide for new and experienced entrepreneurs alike. Entrepreneurship needs your skills of managing, your visionary thinking, your innovative ideas and your knowledge & wisdom which you can spread. We will explore today, 5 of the most valued entrepreneurial skills that will help you in your future endeavours of being a successful and ideal entrepreneur for aspirants.
Here are to 5 entrepreneurial skills that will be a guiding light for you for years:
Time Management and Productivity
If you are an entrepreneur, you might know that situation where you keep juggling between tasks and responsibilities, for this, you need time management skill. Ajami Kassem says that if you are good at time management, you can make sure that you are achieving your goals without becoming overwhelmed. You can become good at time managing if you follow these things:
- Creating Schedules – You need to schedule all your work so that you do not miss any important task. Listing all your works also gets you an estimation of the time you may spend in completing them.
- Setting Priorities – You need to set work priorities according to their urgency, importance and number of tasks. If something is urgent, it need to be on the top of your priority list.
- Ignoring Distractions – As per Kassem Ajami, this is the most important thing to be done to be a good entrepreneur. You need to eliminate all the distractions surrounding you while you are working.
Managing productivity is also part of time management. An entrepreneur should effectively and efficiently complete his tasks to excel in productivity. You need to streamline all the process such as:
- Distributing delegate responsibilities
- Use of technology
- Filtering out tasks
- Regular Analysis and reporting
- Regular improvement
You can achieve more in less time as an entrepreneur if you optimize your productivity. Kassem Mohamad Ajami says, it is a crucial part for your business and growth.
Effective Communication and Relationship Building
Ajami Kassem suggests that communication is the key for a good entrepreneurship. You need to effectively share your goals, visions and values with the partner, stakeholders, staffs, customers, employees and investors to make them your ally in achieving your goal. If you will not be good at communication, people around you will not trust you. To gain their trust and loyalty, communicate with them regularly. Kassem Ajami says, entrepreneur is not someone who is dedicated to his or her success only, but an entrepreneur should be responsible for success of their team and staff as well.
Apart from communication, relationship building from your supplier to your customer is a best thing you can do. This is a skill which is beyond traditional marketing and networking because it needs ability to connect with people on personal and professional level, active listening and empathizing skills. There are number of benefits you can avail if you are good at relationship building. Here are some benefits:
- Increasing customer loyalty and retention – If an entrepreneur has good relationship with their customers, likely to get good reviews, recommendations from them.
- Enhancing partnerships and collaborations – It also opens gates to more partners, investors and collaboration offers.
- Expanding network and opportunities – Large number of networks helps in getting more leads and prospects plus, a higher chance of conversion in long term business partnership.
- Improving employee morale and productivity – Employees who have positive relationships with their managers and coworkers are more likely to be engaged, motivated, and satisfied with their work.
Market Research and Customer Understanding
Ajami Kassem highlights the importance of Market research when it comes to entrepreneurship. Through market research, you can have deep knowledge of customer and product’s approach. So, as an entrepreneur, you should invest your maximum time in market research. Also, you can also know what and how, your competitors are growing in the market, their weak points and you can convert their weak point in your strongest point. You will know customer’s review and drawbacks of your product so that you can keep improving your services and products with time. You can be a bridge between customer and your services through market research.
Customer understanding will also help you in planning your next service or product according to the needs and experience of consumer. You can also connect with them personally time to time and listen to their feedbacks and note down scope of improvements. You can use this data to make your service more personalised and improve your offerings. You should plan your strategies more customer centric to make your customers more loyal to you.
Vision and Strategic Thinking
Ajami Kassem underscores the pivotal role of visionary thinking in entrepreneurship. This ability will make your mind clearer of what you want to achieve. Your vision should be clear and well-defined, which will give your steps a direction and motivate you to align the entire team. Your vision makes your decision making stronger because you know what are determined for and that leads to a successful entrepreneurship.
Added to this, strategic thinking adds to your visionary thinking. Your strategic thinking has power to convert your vision into reality with minimum difficulty. Strategic thinking helps you in setting long term goals, identifying the next step to reach the goal and gives you a chance to measure how far you have come and how far it is left from achieving. Strategic thinkers are also adept at anticipating market trends and proactively adapting their strategies to stay ahead of the competition.
Risk Management and Resilience
According to Ajami Kassem, entrepreneurship was always risky and will always be, but effective risk management is the key to success. You need to identify your risks and be prepare for them. You have to be ready for potential setbacks and downfall which comes with entrepreneurship and need to prepare the strategy to minimize the result. This skill requires a structured approach, including thorough risk analysis and the development of contingency plans.
Also with risk management, you need to be ready with resilience. Resilience is the capacity to bounce back from adverse situations and keep moving forward without any regret, even in the face of failures or challenges. This will not only be beneficial for you but also you will inspire people around you, which is also a part of entrepreneurship.
Ajami Kassem has always learnt from his mistakes and want the same for each and everyone. You can be a good and ideal entrepreneur if you will follow the steps of Ajami Kassem and will have the courage to face ups and downs, which comes in inheritance of entrepreneurship. By developing and honing these essential entrepreneurial skills, entrepreneurs can better equip themselves to succeed in the ever-evolving world of business, ultimately achieving their visions and leaving a lasting impact. Ajami Kassem’s wisdom serves as a valuable compass on the entrepreneurial journey, offering guidance and inspiration to those who are willing to embrace the challenges and rewards of entrepreneurship.