5 must-have skills for a budding woman entrepreneur

5 must-have skills for a budding woman entrepreneur

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1. Goal-oriented approach

It is essential to stay laser-focused on the primary goals that one wants to achieve for one's business.  There are usually several distractions that come up each day while operating a company. It is important to weigh each of them quickly to see if they need to be dealt with at all. This will not only help you cut through the clutter but also allow you to 

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1. Goal-oriented approach

remain focused on the most critical goals.

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2. Networking skills

Having a solid network is vital for every professional but indispensable for a founder. Due to only a handful of women at senior positions, women founders often do not have an extensive network like their male counterparts.  However, it is crucial for them to take a chunk of their time to network. This includes listening actively, participating in 

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2. Networking skills

discussions, and networking intentionally. To start with, one can think about how mutual synergies can be explored before an event or meeting and offer to help before seeking it.  Entrepreneurship is a long journey, so it's essential to approach without expecting immediate returns from each relationship.

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3. Effective delegation

The Pareto principle states that roughly 80% of the effects come from 20% of the causes. The temptation to do everything yourself can easily lead to burnout.  If you build a dependable team, you will be able to delegate more and focus on the more significant tasks that need your attention. An organization does not grow when the founder 

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3. Effective delegation

does most of the work. It grows when they make strategic time to plan the next ten moves for their team.

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4. Organizational skills

The initial team joins the founder more than the start-up. As the lead, you will be taking decisions for the overall health of your venture.  It's good to create an open work culture where each person feels respected and welcomed. This would improve your team's morale and work quality. When faced with tough decisions, it is best to keep a calm mind, 

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4. Organizational skills

stay rational, and empathize with the team.

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5. Believe in yourself

It is important to listen to your critics and analyse whether their words have merit but to ultimately decide what's best for your start-up.  Once you do, take responsibility for those decisions. There will be times when people might disagree with your choices. Believe in yourself even when others don't.

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