Entrepreneurship in Ghana and Africa has taken on a new twist in the last couple of years with a growing ecosystem of young Africans ready and willing to make a living and employ their peers. I have always said that entrepreneurship is the only way to develop and empower young Africans to help in contributing to the economic development of their countries.
Entrepreneurs are of two kinds, those that just have that innate ability and those who acquire the urge along the way of the professional development. One important attribute though is that all entrepreneurs must have a certain set of skills to enable them maximize their potentials and operation. In this article we will try to identify some of these and hope you will later identify some more based on your own peculiar circumstances.
As an entrepreneur communication is a must. When you have a small team, you assume communication is not a big deal but it’s very important for all associated with you and your venture to know clearly what and where you are taking it to. Poor communication skills can lead to decreased productivity with your staff, as well as low morale and opportunity for them to make more mistakes if they don’t understand your instructions.
You will need to maintain clear communication with your customers. How do you reach them and they reach you? Email or phone? In the current culture of Social Media, you need to keep an updated facebook page, twitter handle as well as a website and other social-media profiles per the one you want.
As you communicate watch out for tell-tale signs as to how people react to you and what you are saying and whether or not you’re reaching them and give people the opportunity to ask for clarification. Branding is a form of communication which speaks often higher than words. Your brand is placing value on yourself and company before you communicate, it leads the way on how you will be accepted and received.
2. Branding (personal and business)
For many entrepreneurs, the distinction between self and business is often difficult to make and hence striving to brand your business or looking to establish yourself as an expert in your industry, knowing how to do so online is essential to your success. Your branding now starts with being active on social media and is made through what you publish or communicate.
If you put up insulting, discriminatory or gender sensitive contents on your social media platforms, it will surely lead to negative branding. It’s important to know how to deliver content and resources that your target audience wants and will find valuable.
If you want to build yourself up in the world of entrepreneurship look for influencers, they are the people whom you can learn from.
Author: Alain Gbeasor, an entrepreneur and CEO of Gesus Group of Companies, an industrial chemicals company.
Also the Chairman of Alliance of Young Entrepreneurs.
And Chairman of the Millennium Investment Group, a fund investment company.
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How to Gain Self-confidence as a Professional Trader
Confidence is one of the key ingredients which will allow you to trade the market like a pro trader. If you wish to build your career in the investment world, we strongly recommend that you learn to take the trades with strong confidence. It might take a while to get used to the overall concept of trading but once you become good at analyzing the market data, you can build your confidence level. But developing your skill in the retail trading industry is not that easy. You have to follow some specific rules and only then you can expect to become a full-time trader.
In this article, we are going to give you some advanced tips which will allow you to trade the market with a high level of precision. Once you become good at following the tips mentioned in this article, you will never struggle in the ETF trading industry.
Forget about the past trades
The novice traders get biased with the losing trades. They keep on monitoring the market and repent of their mistakes. On the contrary, the professional traders take smart steps and without any repentance, they look for the next trade signals. If you wish to develop yourself as a professional trader, we strongly recommend that you forget about your past trades. You can’t undo your past. Instead, look for the next trade signals strategically and try to find the solutions to this market.
Trade with long term goals
You must take the trades in the market with long-term goals. Without setting up long-term goals in the investment business, it is very hard to stay tuned with the market changes. View the website of Saxo and learn about the importance of having strong determination in the trading business. Unless you are determined with your actions, you will keep on losing money most of the time. So, follow a conservative way and systematically take the trades. Once you become good at evaluating the key direction of the market, you can easily change your life.
Analyze the high impact news
Learning about fundamental analysis will improve your decision-making skills to a great extent. Very few traders in the retail trading industry have the skills to evaluate the fundamental data in the market. If you want to survive in the retail market, you must learn to take your trades systematically. Forget the fact that you are know everything about this market. See how the news data changes the course of the trend. As you become skilled in analyzing high-impact news, you will slowly learn to take the trades with strong confidence. This will also make you a better trader and let you systematically trade this market.
Create a trading routine
To build strong confidence in the trading profession, you should trade the market with a balanced trading routine. Unless you take your trades with a proper trading routine, it will be really hard to bring any positive change to your trading system. As a trader, you might be thinking that you know every bit of detail. But this is not all true. In your trading routine, you must define all the basic rules. If you don’t trade the market with predefined rules, it will be a big challenge to make bring changes to your trading system. Follow the basic rules and trade the market with long-term goals.
Trade with low risk
You should always trade the market with low risk. Once you start taking the trades with managed risk, it will become an easy task to develop self-confidence. The majority of novice traders don’t have the strong skills to deal with the complex market. Usually, they aggressively take the trades and they lose a significant portion of the trading capital. So, trade with only 2% risk in the trades and it will help you to build strong confidence at trading.
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