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5 Must-Have Skills for Every Successful Small Business Owner

5 Must-Have Skills for Every Successful Small Business Owner

If you look for successful small business owners on the internet, you’re likely to find a hundred different names and their stories of becoming successful. You’ll find these people and their stories as different as night and day.

Running a small business is associated with huge responsibility–one that is linked with taking care of your investors and employees, serving your clients or customers, and most importantly living up to your own goals and standards. Starting and operating a new business can be hard as roadblocks you never thought to imagine might crop up, including limited time, manpower, and budgets.

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With a solid team and the right tools, however, soon you will be on your way to reaching your business potential. To help find success as a small business owner, I’ve compiled this list of five essential skills that you must keep in mind.

1. Get organized

There is no question that the work you perform in your business are different than other business owners, but there is a strong connection in how you execute them. Think about it like making a grocery list; you get everything you need in one trip. You won’t drive back and forth for each item. Similarly, you should aim to consolidate your errands and the tasks of your business. Group similar tasks and aim to accomplish them on a specific day or at a certain time. For example, instead of checking your emails constantly throughout the day, answer your emails in the morning, and once again in the afternoon. By consolidating your tasks and getting work organized, you will eliminate multi-tasking and can focus on essential tasks to finish a project.

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2. Enable your team with ready information

To make the right business decision your team must have all of the information about your market, your customers, your competitors and your business processes. Putting your team in a situation where they have to hunt for the required information is not productive for any kind of a business. It encourages frustration, and lack of accuracy for your team. In return, they will make a guess rather than hunting down the right information. Effectively using and managing information is critical to driving business and streamlining operations in the Big Data era. Think about the kind of information and the system to provide it to your team on a daily basis for their routine work. Do they have all the required information at their fingertips, or do they need to ask the manager and work up the chain to access it? You might need an online database management system to provide teams with all kinds of information in real time, ensuring instant data management.

3. Get in the cloud

According to a recent story on Forbes, 78% of U.S. small businesses will have fully adopted cloud computing by 2020 ,more than doubling the 37% in 2015, resulting in more databases taking up residence on the Web. The use of cloud-based applications and software can significantly improve business efficiency. Give your team members the possibility to work from anywhere, whether they are at home or are out of the station on a business tour. When you and your team members can work from any location, your productivity will increase. Look for ways to shift your business to a cloud to tap into this always-available work approach. Engage a professional to make cloud-based software for your business databases. Manage your sales and inventory in the cloud or web databases. Make it effortless for your sales team to work on the road, adding live sales figures and updates into your system.

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4. Motivate your team

Being a business owner and an employer, leadership is a crucial key skill for success. In order to get the best from your team members, you must motivate and invigorate them. The success of your business will depend, to a great extent, on the spirit and productivity of your employees, and it is your responsibility to ensure that they are getting what they need (morally or monetarily) to perform exceptionally. You must be prepared and available to know the concerns from your staff.

5. Track performance

It’s essential to set business goals and objectives for your company, and to be able to measure progress. As a business owner, you need to establish specific measurements that show your business performance against the set goal. Measuring and tracking business performance will identify issues and success factors that will advance the overall organizational performance. Consider looking at your weekly sales or database software. Check your performance. Are you retaining customers? Track how your team performs. Are they hitting deadlines?  Find tools that can help you to track performance within your day-to-day business.

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Featured photo credit: Photo Giddy via flickr.com

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Tayyab Babar

Tayyab is a PR/Marketing consultant. He writes about work, productivity and tech tips at Lifehack.

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Last Updated on May 22, 2019

50 Great People To Follow On LinkedIn, No Matter Your Industry

50 Great People To Follow On LinkedIn, No Matter Your Industry

LinkedIn is an excellent platform to network with great people to help you in your career and businesses. However, with over 575 million people on the site, who should you follow? This list will steer you to the right people to follow, organized by categories of expertise.

Job Search Experts

You will likely have several jobs throughout the course of your career, and you will constantly need advice on new trends and strategies out there in the job market. Here are the LinkedIn experts who you should follow on these matters.

1. Liz Ryan is the CEO and founder of Human Workplace. Her articles on job searching are filled with creative and colorful cartoons.

2. Lou Adler is the author of The Essential Guide for Hiring and Getting Hired.

3. Dr. Marla Gottschalk will help you make an impact in a new job.

4. Hannah Morgan runs CareerSherpa.net, where she gives expert advice on job searching and how to be more visible online.

5. Alison Doyle is the CEO and Founder of CareerToolBelt.com.

Management Experts

They say that people leave managers, not jobs. These experts in LinkedIn will help you become your employees’ dream manager.

6. Jeff Weiner. How can we leave out the CEO of LinkedIn himself?

7. Nozomi Morgan is an executive coach. She can help you transition from a boss to a true leader.

8. Mickey Mikitani is the CEO of Rakuten. He constantly shares his expertise in managing a global player in e-commerce platforms.

9. Andreas von der Heydt was the head of Amazon’s Kindle Content and now the Director of Talent Acquisition. He has extensive experience in management, branding, and marketing.

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Productivity Experts

By maximizing your productivity, you can win in all aspects of life. The following LinkedIn experts will help you win big in your career.

10. Gretchen Rubin is a happiness coach and the bestselling author of the The Happiness Project.

11. Carson Tate is the founder of Working Simply. She advises us to include play in our schedules.

12. Greg Mckeown is an essentialist. Part of being an essentialist is saying no to many things so that we can focus on the things that matter.

13. Brian de Haaff, CEO of Aha! Labs Inc. provides strategies on how to be productive and happy at work at the same time.

Marketing Experts

14. Sujan Patel is VP of Marketing at When I Work, an employee scheduling software. He is an expert in content marketing and he even shares his ideas on content marketing in 2020.

15. Megan Berry is the Head of Product Development at Rebelmouse, a content marketing and AlwaysOn powerhouse.

16. Sean Gardner will help you navigate the social media landscape. This includes how to use different platforms to help accelerate your career. He is also the bestselling author of The Road to Social Media Success.

17. Christel Quek is an digital and marketing expert. She is the VP of South East Asia at Brandwatch. Their products help businesses utilize social media data to make better business decisions.

18. Jeff Bullas is a digital marketing expert. His blog has over 4 million readers annually.

19. Michael Stelzer is the CEO and Founder of social media powerhouse site, Social Media Examiner.

20. If you’re looking for inbound and content marketing expertise, follow Dharmesh Shah, Founder and CTO of Hubspot.

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21. David Edelman is a McKinsey partner and is at the helm of the Digital Marketing Strategy Practice Department.

22. Dave Kerpen leads the social media software company Likeable Local. He is the author of Likeable Social Media: How to delight your customers.

23. Clara Shih is the CEO of Hearsay Social and the author of The Facebook Era.

24. Aaron Lee is Grand Master of Customer Delight at Post Planner. He is an excellent resource for everything social media.

25. David Sable is the CEO of Y&R, one of the largest advertising firms in the world.

26. Content marketing trumps traditional marketing these days, and who else better to lead you in this area than Joe Pulizzi, Founder of Content Marketing Institute.

Personal Branding Experts

Part of what we market in our personal career is our brand. When people hear your name, what kind of brand comes into their mind? What traits and qualities do they associate with you?

Here are some personal branding experts from LinkedIn to improve your own brand.

27. Dorie Clark is the author of Stand Out and Reinventing You. He can help you craft the professional image you’ve always wanted.

28. Dan Schawbel is the managing partner of Millennial Branding. If you’re a millennial, Dan is the guy to help you craft your personal brand.

Other Notable Experts to Follow

29. Lisa Gates is the expert to follow if you’re negotiating for higher salaries and promotions.

30. If you’re a Baby Boomer, Marc Miller will help you navigate the continually changing landscape of the workplace.

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31. To avoid getting your resumé moved to the “No” pile, read Paul Freiberger’s excellent advice.

32. James Caan provides insightful ideas on careers in general. He is also a serial entrepreneur.

33. Jeff Haden writes on various topics, such as leadership and management. He is the owner of Blackbird Media.

34. If you’re looking for expert business advice on getting new customers and keeping them, follow Jay Baer.

35. Suzanne Lucas, aka Evil HR Lady, is a great human resources specialist.

36. If you need help in using Twitter to boost your career, Claire Diaz-Ortiz can guide you in the right direction.

37. Ryan Holmes is the CEO of Hootsuite, a social media management tool.

38. Customers are the lifeblood of a business and Colin Shaw focuses on revolutionizing this customer experience.

39. Brian Solis often reflects on the future of business and how technology can disrupt our world.

40. Nancy Lublin provides advice on more lighthearted topics, which are perfect after a long day’s work. She is the CEO behind Dosomething.org, a portal designed for social change; and the founder & CEO of Loris.ai and Crisis Text Line.

41. Katya Andresen provides advice on how to manage your career. She was the CEO of Cricket Media and now responsible for the SVP Card Customer Experience at Capital One.

42. Gallup has created a system to test what your strengths are and how to use them at work. Jim Clifton is the CEO of Gallup.

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43. Adam Grant is a Wharton Professor and the author of Give and Take, which provides advice on why being helpful at work can accelerate your career.

44. Hunter Walk is a partner at Homebrew Venture Capitalist Company and has specialty in product development and management.

45. If you’re running a nonprofit organization, follow Beth Kanter for expert advice on this area.

46. Emotional Intelligence is necessary to succeed in your career, and Daniel Goleman is your expert for that.

47. Rita J. King connects science, technology and business.

48. Tori Worthington Rose is a Creative Director at Mary Beth West Communications, LLC. She has extensive experience in sales and digital media.

49. If you’re looking for some advice on how to use writing and personal content marketing to boost your career, follow Ann Handley.

50. Tim Brown is the CEO at IDEO and shares his insights on Leadership and Creativity.

These are just some of the key thought leaders and movers in various industries. They will provide you with constant inspiration, as well as the willpower to pursue the career that you’ve always wanted. Their stream of expert ideas in their respective fields will help you become well-equipped in your professional pursuits.

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Featured photo credit: LinkedIn Sales Navigator via unsplash.com

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