cxo voice
  • Home
  • News
  • View Points
  • Leaders Talk
  • Cyber Security
  • AI
  • Blockchain
No Result
View All Result
  • Home
  • News
  • View Points
  • Leaders Talk
  • Cyber Security
  • AI
  • Blockchain
No Result
View All Result
Leaders Interview, IT and Technology News India | CXO VOICE
No Result
View All Result
Home Entrepreneur

Why Continuous Learning is Vital for Entrepreneurs

Agnelorajesh Athaide by Agnelorajesh Athaide
February 11, 2020
Reading Time: 4 mins read
entrepreneurs Continuous learning is vital

Image: Mr. Agnelorajesh Athaide

Share on FacebookShare on TwitterShare on LinkedinShare via E-Mail

For Entrepreneurs in the 21st century, surviving and succeeding in business demands an understanding of the multifaceted dynamics of modern markets. From social media offering instant consumer feedback to use of digitisation and expanding trend of global consumers, entrepreneurs today have multi-fold risk and growth opportunity chances than their forefathers. With the fast-paced development, entrepreneurs today required continuous learning to evolve and innovate to remain relevant constantly. A zest for learning and the ability to remain curious, thus become vital qualities of successful businessmen. Listed here are key areas where continuous learning can help aid entrepreneurs to not only survive but thrive in their varied endeavors.

1. Stay updated on industry trends

An essential part about the business is to of-course, stay in touch with the developments happening within one’s relevant sector. While most entrepreneurs believe they may be already doing so, it is not adequate, learning and staying updated on industry trends is doing more than just networking with peers or reading trade journals.

It is much more and includes understanding the consumer and their changing behaviour patterns, trends that impact or will impact the buying behaviour, the latest marketing/ sales technique that the competition is using and a close look at the failures – both peers and oneself, that are impacting business. These observations help one to have a vision and a plan in place to deal with what one can foresee and then learn the skills required to tide over impending challenges, which could make all the difference.

2. Knowledge about international trends

In the present world of global economies, it is clear that international trade dynamics impact domestic stock markets and local businesses. Be it demand for finished goods for export or the import of vital raw materials, prices of key commodities like oil and gold etc., can all impact a business at multiple levels. Socio-political environments too can impact the business. Staying abreast of these international trends in economy and politics, keeping in mind one’s business interests, can go a long way to help not only tide over challenges but to also leverage the best opportunities.

  • Also Read: 6 Powerful New-Age Business Mantras for Entrepreneurs

3. Stay tuned to latest technology innovations

This is an era of the fourth industrial revolution, driven by data and evolving technologies like IoT, ML and artificial intelligence. Business processes and operations are being transformed at a rapid rate, across sectors. However, most SME and MSME entrepreneurs still continue to believe that the cutting edge technology innovations may not impact them or that it is not relevant to their industry, and this may be the most harmful presumption for their business.

Learning about and staying invested in information related to the latest trends in technology innovations can help entrepreneur to foresee, implement and innovate, ahead of their peers and gain a business advantage. Going further, strategic know-how about business and information about technology can help form partnerships or introduce technology-enabled solutions as part of diversification in the same line of business, which no one else saw coming.

4. Upgrade core expertise

While learning about business trends, international markets and technology innovations, is important, continuous focus on entrepreneur core expertise can never be ignored. From brushing up on the core skills to learning about the latest developments in the area, talking to ground staff and experts in the area and upgrading the skills of one’s employees, can go a long way in building up a robust business that is respected in the sector. For example, a focus on customer relationships is one of the most vital factors for entrepreneurs and small businesses.

However, it is not always looked upon as core expertise and is often one of the least focussed areas, which can represent a huge untapped business potential. Learning/ Training to update soft skills and setting up relevant customer satisfaction criteria can help accelerate business growth, especially in the times of an economic slump.

5. Ancillary interests other than a business

While business and work are extremely important and the focus of an entrepreneur/ SME’s life, one needs to keep in mind that learning and growth are best when it is holistic and all-rounded. Networking among business groups and meeting various kinds of people can expose one to different types of professionals and businessmen with varied interests and ways of doing business.

However, meeting and learning through personal connections, hobbies, friends and an activity group apart from business/ work, helps boost some of the most vital instincts and thought processes in a person.

From pursuing a sport or a fitness regime to indulging in CSR, arts, and sciences, culinary experiments or dancing etc., can all help boost specific cognitive and thinking processes that can impact problem-solving abilities and build interpersonal skills.

Entrepreneurship can be walked on the tight rope or dance, depending on how prepared and focussed one is. And continuous learning is one of the most vital aspects that can empower and help create a sense of balance and growth that is extremely important to make entrepreneur’s entrepreneurial journey an exciting affair!

  • Also Read: Nurturing Entrepreneurship Beyond the Gender Bias
Tags: Entrepreneur LearningEntrepreneursLeadershipMarketing Strategy
Agnelorajesh Athaide

Agnelorajesh Athaide

Agnelorajesh Athaide is a Serial & Social Entrepreneur, Real Estate Developer, Global Citizen, Educationist, Angel Investor, and Motivational Speaker. Mr. Athaide Co-established established Business Opportunities Club (BOC) for entrepreneurs to learn and grow.

Related Posts

Volunteering management
Leadership

Volunteering management is the need of the Hour

July 10, 2020
Five tips for entrepreneurs to tide over the coronavirus Crisis
Entrepreneur

Five tips for entrepreneurs to tide over the coronavirus crisis

June 1, 2020
COVID-19 uncertainty
COVID-19

How to overcome from COVID-19 uncertainty

May 11, 2020
Working from home: lessons to maintain leadership
Leadership

Working from home: lessons to maintain leadership during the lockdown

April 22, 2020
Innovation Led Business Strategies are Driving New-Age Businesses
Leadership

Innovation Led Business Strategies are Driving New-Age Businesses

March 18, 2020
Leadership entrepreneurs Shivaji Maharaj
Entrepreneur

Leadership 101 for Entrepreneurs, from Chhatrapati Shivaji Maharaj

March 11, 2020
social entrepreneurship
Entrepreneur

Understanding Social Entrepreneurship and its significance in building a strong economy

February 26, 2020
traditional business skills
Entrepreneur

Traditional business skills that will help develop strong entrepreneurial instinct

October 11, 2019
Load More
Next Post
Omnichannel based future Banking

Past, Present, and Omnichannel Based Future of Banking

Discussion about this post

ADVERTISEMENT

Expert Views

Nine Things to Check While Choosing A Cloud Service Provider
Cloud

Nine Things to Check While Choosing A Cloud Service Provider

April 12, 2021
How innovation in Fintech is changing personal finance
Finance

How innovation in Fintech is changing personal finance

April 9, 2021
DaaS
Productivity

Working Remotely: Desktop as a Service (DaaS) could be a great advantage for SMBs

April 6, 2021
Insurance Underwriting
Insurance

5 Ways New-age Technologies Can Transform Underwriting

February 5, 2021
Key Fintech Trends to look out for in 2021
Finance

Key Fintech Trends to look out for in 2021

April 5, 2021

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Inerviews

Enterprises, and MSMEs IoT
Leaders Talk

IoT is now seen as an essential enabler for the enterprises to be future ready : Joyjeet Bose

-
Security While Working Remotely interview with Filip Coftas
Cyber Security

Security While Working Remotely [Interview]

-
Akita Security Device Help you Protect your Security During COVID-19 [Interview with Zakir Hussain]
COVID-19

Can Akita Security Device Help you Protect your Security During COVID-19 [Interview]

-
digital transformation and customer experience Newgen software
Interview

Digital Transformation Journey helps Newgen Software Improve Customer Experience [Interview]

-

Entrepreneur

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

Significance Of Ethical Entrepreneurship In The Post COVID-19 Economy

Five tips for entrepreneurs to tide over the coronavirus crisis

CXO VOICE is a premier resource for the enterprises, SMBs and Startups CXOs and business leaders, It enables CXOs and business executives gain access key insights, experts views, analysis, business strategy, and leaders interviews on what’s happening in the market and its impact.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]

Newsletter

Subscribe to our mailing list to receives newsletter direct to your inbox!

  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2018 CXO VOICE

No Result
View All Result
  • Home
  • News
  • View Points
  • Leaders Talk
  • Cyber Security
  • AI
  • Blockchain

© 2018 CXO VOICE

Go to mobile version