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Article #116: Test Your Small Business Ownership Skills?

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There is one type of business that you Are you ambitious?
can run better than anyone else in your Entrepreneurs have the drive and
community. The trick is to identify it by determination to start a business, but
measuring your skills, likes, dislikes, they characteristically lack stamina. A
and passions. natural small business owner loves what
Do you go to Christmas parties with the they do. They can imagine doing the same
affluent? Do you hang out at the local tasks twenty-years down the road.
arena with sports families? Potential Testing your ability to run a company
small business owners need to ask successfully is not hard. Natural small
questions like this before embarking on a business owners do not mind working
business venture. nights and weekends. They do not consider
If you know what this year's designer writing plans and strategies a waste of
colors are, where the nearest symphony or time. They do not mind researching facts
world-class theater is, and the to find ways to strengthen their business
difference between a desert fork and a and avoid problems.
lobster fork, then you are the right Are you action oriented?
person to open a high-end jewelry store. Delegation is important for any manager,
Maybe you know everything about every but not at the risk of losing touch with
sport there is and are frustrated because a certain aspect of the business. A true
there is no extreme sports store within entrepreneur loves solving problems and
five hours of your home. taking action. They do spend hours
There are some excellent personality researching and analyzing before making a
tests to do on the web to find out what decision, but they can make an instant
type of person you are. decision when it is necessary. The most
You can make a personal dream come true important aspect of a successful manager
by investing time and effort into is their ability to make quick decisions
starting the job right. and accept responsibility for the
Questions to ask: consequences.
Do you like people? Today's customer Do you have a high Emotional Intelligence
service driven society expects managers level?
to leave the office and walk the floor. EQ, emotional intelligence, is the
Teamwork and respect are the foundation measure of your ability to accept
of today's work at home success stories. responsibility and manage effectively
Are you Flexible? without abusing, controlling, or venting
Are you the type of person who buys trade on team members or customers. The good
magazines and loves spending two days at news is that EQ, unlike IQ, is relatively
a tradeshow? Do you make emergency plans easy to change. There are many resources
and file them, waiting until a time when for anyone who wants to test and control
they can be executed? The small business their own EQ.
world is an ever-changing one. Not even Why is EQ important?
convenience stores can be stagnant Everything in the store from merchandise
anymore. We must prepare plans for growth to employees to the design is born in
and change, staying abreast of trends, your mind. Managers who have a high EQ
and always ready to cater to the are typically able to create a store
consumer's whims. reflects what the customers want. A lower
Do you like people? EQ indicates that you will create a store
A manager who learns their customer's that satisfies your needs.
names paves the way for success. This More important, we attract people who
builds customer loyalty faster than the share our characteristics. If we have a
average Public Relations Campaign can. lower EQ then we are more likely to
Entrepreneurship is not the place for attract self-centered employees, not team
managers who want control over their players. The ability to hire wisely,
employees. trust the right people, and choose
Respect earned from employees equals managers, who act like owners, is an
customer loyalty. important characteristic of a successful
The most successful people in the businessperson.
business world share some common habits. Do not worry if you did not answer yes to
They can lead several departments without all these questions. If you are not
controlling and manipulating everyone. people oriented, then maybe an E-business
They manage teams by encouraging good is for you. People who are not
communication and rewarding positive self-starters and ambitious might
results. They learn how to do the job consider franchises. If you are a
right and then teach by example. If this controlling person who is not good with
contradicts what you watch on business people then you might do better as a
reality shows then you are right. The vendor at tradeshows. There is a place
most successful working environments make for you. There is a small business niche
a lot of profit, but they would not earn for everyone.
high television ratings.






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