PROFESSIONAL DEVELOPMENT TRAITS IN SUCCESSFUL BUSINESS OWNERS

PROFESSIONAL DEVELOPMENT TRAITS IN SUCCESSFUL BUSINESS OWNERS

People as we are, we always crave for more, we like challenges, change is always constant, we continuously want to compete not just with others but also within ourselves. People never want to stop learning, even after graduation, we still look for other resources to learn and we opt to have a more profound development. Now here comes professional development. Professional development refers to the continued training and education of an individual in regards to his or her career. The goal of professional development is to keep you acquainted on recent trends as well as help you develop new skills for the purpose of advancement in the field. However, if you’re a business person, you might not consider having a more profound professional development because your main focus is within your business itself. Whether you’ve been a business owner for years, or you’ve just started your journey into business, professional development is likely one of the last tasks on your mind. With plenty of opportunity around the corner, it is easier to overlook providing yourself the necessary professional development.

In order to have a successful business career you must extend a wide range of factors ,including marketing, planning, finance, entrepreneurship and of course, management. However, no matter how much you try to be the best businessman, there are definite abilities that, if you do not possess or if you do not try to attain, you will not be able to become the best. This is where professional development is most necessary, because you cannot remain as the subtle businessman who can’t even figure out what is wrong with his business. Here are some factors of professional development traits that is classic with business people that you may want to start attaining right now.

1. Leadership Traits

Leadership is an enormously important characteristic that every business owner should possess because it’s the main driver for achieving goals. With upright leadership on the “driver’s seat”, business succeed and take healthy risks for the company’s growth. Probably one of the most important qualities of a good businessman is to have leadership skills. You need to make sure that your employees are going to trust you and follow you and your decisions. Direct the room, inspire your team of associates to perform as well as they can and it is guaranteed that they will become the best. Make some activity that enhances your capability as a person. Leadership development can take many forms, including formal training, feedback, coaching, and self-directed learning. Make sure to prioritize developing your leadership skills as this is a very good starting point if you don’t have any direction to follow.

2. Financial Management Skills

Many business owners didn’t realize the importance of financial management skills because they rely on hiring someone who is better with it, accountant, bookkeeper, financial advisor. Although that seems to be the reason, and there’s nothing wrong with that, as a business owner, you should be capable of managing finances because this is the heart of your business, it will not function without it. Financial management helps to take a sound financial decision in the business concern. Financial decision will affect the entire business operation of the concern. Learn some basic financial skills like budgeting, accounting, bookkeeping, etc. Read books, attend classes, these are just a few steps that you can do to develop your financial management skills.

3. Marketing, Sales, and Customer Service

Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products to consumers or other businesses. Some marketing is done by affiliates on behalf of a company.

Sales are the activities involved in selling products or services in return for money or other compensation. It is an act of completion of a commercial activity. A salesman is someone who sells products or services, thus generating sales

Customer service is the interaction between the buyer of a product and the company that sells it. Good customer service is critical to business success, ensuring brand loyalty one customer at a time

These three factors are very important and the “wheels” of your business. If proper training is acquired they can make your business runs smoothly. If you know how to market, sales and have a great customer service, then what else matters? You have the entire skills needed to promote your business expeditiously. So take note of these three factors and make sure to include this in your professional development program.

4. Communication and Negotiation

Communication and negotiation skills are also important within the midwife practice and as a business owner. Effective communication can help develop a good working relationship between you and your employees, which can in turn improve respect and efficiency. Developing communication skills can help many aspects of your life, from your professional career, to social gatherings, to your family life.

Negotiation is an exercise in communication. All behaviors in negotiation send a message. Everything we do, or don’t do, influences the Other Party. This includes conversations and silence. While negotiators may stop talking, they don’t stop behaving.

5. Time Management

If you don’t know how to manage your time, as a midwife business owner, you better prioritize in developing it. Time management is important for busy people so they can arrange all their work tasks and achieve their goals faster. When you better manage your time, you’ll be able to take on new opportunities and grow your business in a sustainable manner.

6. Problem Solving and Networking

Personal and business environments are full of things, activities, interactions and processes that are broken or not operating in the way they are desired to work. Problem-solving gives us a mechanism for identifying these things, figuring out why they are broken and determining a course of action to fix them

Networking allows you access to opportunities you might not be able to find on your own. Your network has the potential to provide you with insight into different fields, information on what potential employers look for and advice on how you can improve professionally.

7. Management and Planning

Good management makes a difficult task easier by avoiding wastage of scarce resource. It improves standard of living. It increases the profit which is beneficial to business and society will get maximum output at minimum cost by creating employment opportunities which generate income in the hands. Planning helps to set the right goals. Planning helps to critically assess the goal to see if it’s realistic. It facilitates decision making and allows setting a time frame by predicting when the company can achieve its goal

8. Risk Takers

In the competitive business environment that exists today, those who are willing to risk position themselves as leaders, while others get left behind should not be afraid to take risks. A good business person takes risks because it allows them to distinguish themselves from their competitors. The entrepreneurial spirit needs to be strong in order to advance the business and improve revenue. And this will require for the businessman to take risks from time to time.

The entire list might be overwhelming, but this will be a huge help to ensure success in your business. As a midwife business owner, knowing what you’re capable of is already given, but knowing your weaknesses and taking precautions to improve is already a great achievement and you will realize sooner or later that you are on the right track.