Business SKILLS
Successful Business runs on 8 Key Business Skills. Its very challenging to run and grow any business , unless you have clear understanding, balance and focus on each of them.
1-STRATEGY 
It's the strategy that ensures growth for any business start up or turn around the existing business. Strategy is not only about "what to do" but more importantly "what not to do". There are always "Attractive Distractions" when you want to execute your strategy which are very tempting and must be parked away.
2-PRODUCT DESIGN / SERVICE OFFERING 
Product could be a physical/ tangible or a service or a concept. Customer values it only when that helps him overcome the challenges. They focus on the benefits, affordability and also on scalability before making the choice to acquire it.
3-SALES & MARKETING 
Product is designed in the lab, office and manufactured in state of the art factory. You need a suitable Sales & Marketing Strategy to make it reach the target customer segment. Designing a cost effective marketing program is key to success.
4-OPERATIONS 
You created the product and marketed it well which created demand. It's time to deliver the quality product on time and also ensuring that you are within budget. This can be achieved through efficient operations that is able to take care of the spike and slow down in demand situations. You also have the option to do it inhouse or outsource it.
5-FINANCE 
This is the fuel that runs your organisation. Too quick expenses will burn you out and too slow speed keeps away from doing the necessary activities. Finance decisions should be made wisely. Getting debt should be always be the delayed as much as possible specially for Start up business. Always remember "CASH is KING".
6-INVESTOR RELATIONS 
New business startups are mainly launched with a smart/ revolutionary product idea. Very soon they run out of the needed cash for growing the business. They are highly dependent on the angel investors and a good relation with investor network is an essential skill.
7-CUSTOMER RELATIONS 
You have your business worthful only when you have customers who are ready to take your products/ services. Managing your customers well should always be a top priority activity for all top leaders in the organisation. Any investor would ask about customers before they invest more money into the business.
8- SELF 
You are running business. You are setting up strategy to run your business profitably. You are working with investors to bring in more resources to fuel growth plans. You are keeping your customers and employees happy. You can't drink from an empty glass. Remember that "your business is because of you and not otherwise". You must take very good CARE of YOURSELF.
You can check your Business Skills Quotient on www.WellnessAV.com and engage with our Biz Transformation program to overcome existing business challenges to grow your business in desired direction. Looking forward to hear from you.
NOTE: CONTACT ANY BUSINESS RELATED ISSUE/ CHALLENGE
Your Gallery
