As an Entrepreneur can you just do one role and stick with it? The answer is that you can’t. If you successfully want to manage your own business, odds are you must juggle different roles; After all, an Entrepreneur is jack of all trades.
1) Advancing Ideas as Innovator
As an Entrepreneur you need to ensure that your business will always disrupt, remain relevant and competitive. To be disruptive one has to have innovative ideas and the talent to make it a reality. The entrepreneurial eye can identify these new opportunities and ideas but only the innovators mind can come up with a blueprint of how to advance these ideas.
2) Discovering Resources as Producer
Any Business uses resources to deliver its products and services. Constantly trying to find new, better, cheaper resources to efficiently produce is important. Be it human capital, technical know-how or something else in need to manage a business successfully. An entrepreneur must juggle the role of producer to discover resources needed.
3) Search Opportunities as Visionary
Being a Visionary an entrepreneur has to have the vision of a big picture. He / She has to me a risk taker to seize any opportunities that come their way. They should also have the vision to dream how big a company they can build and grow their business. To achieve growth one has to constantly keep search for new opportunities.
4) Doing the Numbers as Analyst
One role that any entrepreneur cannot take lightly and should have a close look on is the numbers involved in a business. From the number of customers to revenue to profits generated every number should be tracked. Balance sheets, Profit and Loss statements and cash flow statements of a business must be analyzed for insights on how efficiently the company is managed. Keeping a close track of the financials will help the company become an everlasting business.
5) Making things Work as Business Manger
While running a business, many new challenges keep coming up. There might be new problems that seem to come from nowhere. The role of a business manager is to have the foresight to evade these problems and manage them to successfully to run a business. A business should constantly be adapting to the situation around it. It’s the role of the business manager to make things work by being dynamic in nature.
6) Solving Problems as Customer Support
A businesses success can be measured most of the time by its customer happiness. Before or After the sale of your product, the customer may come with questions and suggestions to improve your business. The quality of customer support provided to them must be given paramount importance. The experience they have with your brand is what will translate to success of your business. Wearing the hat of customer support helps the entrepreneurs understand the problems and opportunities by interacting with their customers from valuable feedbacks they get.
7) Selling Things as Salesman
Sales is the only ways through which a business can earn revenue. If the customers do not pay for your products or service, the business will soon burn out of cash. The role of a salesman may be intimidating for most people, but in entrepreneurship the skills of a sales man add value to whatever you do. Great entrepreneurs need to be constantly selling the story of their vision, as well as their ideas and products. Whether raising funds, inspiring employees, recruiting top new talent, or selling the product itself, an entrepreneur needs to constantly pitch and sell.
8) Making Connections as Marketer
Every successful entrepreneur understands the importance of influence marketing. The people you know have the potential to make or break a business. The connections you make can with people over time is the biggest asset worth having. Being in the role of a marketer you should make connections with people and ask them to promote your product and also return them the favor.
9) Facilitating Change as Leader
As the business owner you by default become the person people look upon to within your company and outside. At most of the time be it small companies, startups or multi-billion businesses; entrepreneurs are seen as the face of them. This means that you have to take the role of leadership to inspire others to facilitate change that you had envisioned as an entrepreneur. One must juggle the role of a leader in motivating their team and taking charge of situations and make decisions and plans for the betterment of the business. After all they are the entrepreneurs.
Do you know any other roles entrepreneurs must juggle to successfully manage a business? Share them on Trdinoo for others to learn and please share us with your friends and network.