Test Your Small Business Ownership Skills?

There is one type of business that you can run better than anyone else in your community. The trick is to identify it by measuring your skills, likes, dislikes, and passions.

Do you go to Christmas parties with the affluent? Do you hang out at the local arena with sports families? Potential small business owners need to ask questions like this before embarking on a business venture.

If you know what this year’s designer colors are, where the nearest symphony or world-class theater is, and the difference between a desert fork and a lobster fork, then you are the right person to open a high-end jewelry store. Maybe you know everything about every sport there is and are frustrated because there is no extreme sports store within five hours of your home.

There are some excellent personality tests to do on the web to find out what type of person you are.

You can make a personal dream come true by investing time and effort into starting the job right.

Questions to ask:

Do you like people? Today’s customer service driven society expects managers to leave the office and walk the floor. Teamwork and respect are the foundation of today’s work at home success stories.

Are you Flexible?

Are you the type of person who buys trade magazines and loves spending two days at a tradeshow? Do you make emergency plans and file them, waiting until a time when they can be executed? The small business world is an ever-changing one. Not even convenience stores can be stagnant anymore. We must prepare plans for growth and change, staying abreast of trends, and always ready to cater to the consumer’s whims.

Do you like people?

A manager who learns their customer’s names paves the way for success. This builds customer loyalty faster than the average Public Relations Campaign can.

Entrepreneurship is not the place for managers who want control over their employees.
Respect earned from employees equals customer loyalty.

The most successful people in the business world share some common habits. They can lead several departments without controlling and manipulating everyone. They manage teams by encouraging good communication and rewarding positive results. They learn how to do the job right and then teach by example. If this contradicts what you watch on business reality shows then you are right. The most successful working environments make a lot of profit, but they would not earn high television ratings.

Are you ambitious?

Entrepreneurs have the drive and determination to start a business, but they characteristically lack stamina. A natural small business owner loves what they do. They can imagine doing the same tasks twenty-years down the road.

Testing your ability to run a company successfully is not hard. Natural small business owners do not mind working nights and weekends. They do not consider writing plans and strategies a waste of time. They do not mind researching facts to find ways to strengthen their business and avoid problems.

Are you action oriented?

Delegation is important for any manager, but not at the risk of losing touch with a certain aspect of the business. A true entrepreneur loves solving problems and taking action. They do spend hours researching and analyzing before making a decision, but they can make an instant decision when it is necessary. The most important aspect of a successful manager is their ability to make quick decisions and accept responsibility for the consequences.

Do you have a high Emotional Intelligence level?

EQ, emotional intelligence, is the measure of your ability to accept responsibility and manage effectively without abusing, controlling, or venting on team members or customers. The good news is that EQ, unlike IQ, is relatively easy to change. There are many resources for anyone who wants to test and control their own EQ.

Why is EQ important?

Everything in the store from merchandise to employees to the design is born in your mind. Managers who have a high EQ are typically able to create a store reflects what the customers want. A lower EQ indicates that you will create a store that satisfies your needs.

More important, we attract people who share our characteristics. If we have a lower EQ then we are more likely to attract self-centered employees, not team players. The ability to hire wisely, trust the right people, and choose managers, who act like owners, is an important characteristic of a successful businessperson.

Do not worry if you did not answer yes to all these questions. If you are not people oriented, then maybe an E-business is for you. People who are not self-starters and ambitious might consider franchises. If you are a controlling person who is not good with people then you might do better as a vendor at tradeshows. There is a place for you. There is a small business niche for everyone.

Seed Newsvine

Bookmark this article in your preferred program

Comments

Add Comment

Popular Articles in this cathegory

This article is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.