Top 10 Entrepreneur Skills To Learn In Nigeria (2023)
Turning into a fruitful business visionary in Nigeria isn't quite so natural as many individuals naturally suspect. In addition to knowing about the business world and the kind of business you are running, you need to have these top entrepreneurial skills.
When you acquire these abilities, you will know how to grow any type of business, new or old, steadily over time as a business owner. You can also read on skills every business owner should have
Top 10 Entrepreneur Skills to Learn in Nigeria
- Money Management
- Time Management
- Critical Thinking
- Communication
- Sales and Marketing
- Leadership
- Consistency
- Persistency
- Planning
- Design
Below are the top entrepreneur skills you need to possess in Nigeria.
1. Money Management
The ability to manage your money is the first skill you need to acquire here. After starting a business, many people believe that money (profit) will come easily. They are mistaken in their belief that they do not need to understand how money works because they believe that as long as they sell a product or provide a service, money will come in excess.
As need might arise to know how to deal with your business continues. You can't spend carelessly and anticipate that your business should endure over the extreme long haul. Knowing how to cut costs and make more money is part of managing your money.
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As a finance manager or lady you need to realize what is truly worth burning through cash on and is what not. Additionally, you must be familiar with common terms like assets, liabilities, liquidity, income, and expenditure.
2. Time management
Time Management is the ability to make good use of your time, especially at work. If you really want to run a business in Nigeria, you need to learn this additional entrepreneurial skill.
Business people that comprehend using time productively have had the option to do much with brief period. We all have 24 hours in a day, so it's understandable if we can't meet up with everyone. This is especially true in Nigeria because of the traffic and other unanticipated factors.
You need to know as an entrepreneur that you can't be everywhere at once. As a result, you must hire a representative assistant (if you can afford one). You really want to likewise consider running your gatherings on applications like zoom or Google meet rather than actual meets to try not to invest a lot of energy in rush hour gridlock.
Prioritize what matters and what does not. You can achieve a work-life balance by managing your time well and still making time for yourself and your family despite your busy schedule.
3. Critical Thinking
Decisive reasoning is the capacity to dissect and assess an issue to frame a judgment or take a ultimate conclusion. As an entrepreneur, you must be able to think critically and devise solutions to your company's challenges.
You want to do this without help from anyone else, particularly at beginning phases where you can't stand to enlist individuals that can do this for you. As a matter of fact, one way you can do this is to constantly have a scratch pad where you generally write various things both new and old about your business. Decisive reasoning is a significant business person expertise you want to master in Nigeria.
4. Communication
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Correspondence is one more vital pioneering ability to acquire in Nigeria. It is essential to be able to comprehend your customers' requirements and resolve their issues. As a money manager or lady you should have the option to get ideas and grumblings.
You need a customer service department that will take note of all complaints from your customers in order to effectively accomplish this. You can resolve the complaints if they can be resolved immediately; however, if they cannot, you must implement the solution.
5. Sales and Marketing
It has been said that Nigeria's purchaser market is extremely enormous. Despite this, however, goods are not acceptable simply because they are good. Items sell in Nigeria on account of legitimate marking and promoting methodologies.
You need to know how to advertise and sell your products if you want to be an entrepreneur. You must know your unique selling proposition, or what sets your products apart from the competition. You have an advantage over your rivals because of this.
You can advertise your products on a variety of platforms. You can utilize virtual entertainment, television or radio, handbills and then some. Utilize the options that best suit you.
6. Leadership
Administration expertise is one more ability all business visionaries in Nigeria should have. As a business visionary maintaining a business you should employ staff or laborers. Because you will be telling your employees what they should be doing on a daily, weekly, or monthly basis, you already have the qualities of a leader as an employer of labor.
It is significant you know that as the need might arise to show others how its done. Try not to give manages and be essential for those that resist the standards. Be mindful and mindful. Your employees will take care of your business if you naturally care for them.
7. Consistency
The capacity to continue to push and not to surrender is one more significant business person expertise in Nigeria. Nigeria's economic climate is not encouraging. Truth be told, in the event that one isn't cautious one will handily lose center around the objective.
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In order to succeed as an entrepreneur, you must continue working and investigating all options. This is what sets you apart from other people.
8. Persistency
Persistency the capacity to continue pushing notwithstanding everything. As a business visionary particularly one simply beginning a business in Nigeria you will experience such countless difficulties in your business. challenges like not making any money, complaints from customers, debtors, and more.
You can't abandon your business in any event, when everything is turning south or wild. You must continue operating your business and seeking better solutions to these issues.
An illustration of this was the point at which I start my writing for a blog business. When I see lazy writers copy my articles, I get frustrated. On other days, I have to pay some emergency money to keep the blog running, and on other days, I don't reach my weekly or monthly goal.
When I encounter all of this, I do not simply give up. I sometimes feel like I should, but when I think about everything I've accomplished thus far, I see even more reasons to keep going.
9. Planning
If you really want to become a successful entrepreneur in Nigeria, one of the most important skills you need is the capacity to plan. As need might arise to prepare for your business.
Where do you see your company in five, ten, or even fifteen years? You need to create a plan to get you to this point (achievement). As a business person your objective as to be reasonable and feasible.
You cannot expect to become as wealthy as Aliko Dangote in the next five years by starting a small provision store today.
1.Design
entrepreneurial skill in Nigeria. To possess this skill, you do not necessarily need to be able to draw or design graphics. All you need to be able to do is come up with something in your head and draw or write it down.
This design could be for a new payment method, a logo, or a marketing procedure. You ought to have the option to consider anything from your psyche and have the option to put it down. When I wanted to start my cleaning business a few years ago, I had an idea of what I wanted for my logo.
I therefore drew it on a sheet of paper with a pen. This made it simple for my visual architect to do on the grounds that with this he should simply repeat what I drew and improve it.
Conclusion
Being able to establish any kind of business in Nigeria does not make you an entrepreneur. Being able to change and always looking for ways to solve problems in your business is what makes you an entrepreneur.
Which of the aforementioned abilities do you already possess and which ones do you intend to cultivate? Comment below with your thoughts.
