Being a small business owner means you have to have excellent business acumen. While it may seem like some entrepreneurs just have a natural knack for business, it’s absolutely possible to build your business instinct through helpful habits. Here’s what you should do if you want to improve your business acumen:
You might have heard that some of the most brilliant minds in the world are avid readers. Books contain a wealth of knowledge and experience that can’t be gained from other sources. As an entrepreneur, you should make it a goal to read as often as possible. Explore different genres from both fiction and non-fiction, and don’t feel confined to only reading books about business. You can learn all kinds of things from a wide variety of genres.
- Watch TED Talks
TED talks are an incredible source of knowledge and inspiration. Find some TED talks from your favorite entrepreneurs, business owners, and innovative minds. See how you can learn from their approach to different situations. You might glean some helpful insight that could really aid you in your journey as an entrepreneur. Again, don’t feel confined to watching TED talks just from CEOs. You can gain all kinds of inspiration from different sources, walks of life, and experiences.
- Attend Conferences
The more small business owners you can meet, the better. Attend conferences, networking events, and social gatherings at which you can meet other like-minded entrepreneurs. This is a great way to find out how other people are tackling similar challenges to the ones you’re facing. It’s also helpful for staying up-to-date about what’s going on in your industry. Be sure to prepare a pitch ahead of time, so you can introduce people to your business in a short amount of time.
People do business differently everywhere, from the street markets of Thailand to the meeting rooms of New York City to the skyscrapers of Dubai. Traveling is a great way to find out how people do business all over the world. You can learn a great deal about negotiating, making sales, and so much more, just by observing how other businesses large and small operate. Traveling is also a fantastic strategy for meeting more people, including potential partners or suppliers.