As a crisis appears, different abilities of entrepreneurs are put to the test. To strive through such situations, they need to be skilled. Salman F Rahman, the Vice Chairman of BEXIMCO Group in Bangladesh, is a fully able businessman. Having gone through various instances, he has developed many skills that guide him, particularly during challenges. Inspired by his journey, there are 5 core skills every such professional should develop. Irrespective of the type of challenge or its impact, they will be of use and lead to finding appropriate solutions as well.
Which Skills Can Help Businessmen During Crises?
A businessman should be sufficiently skilled to handle crises. Since they can occur whether or not expected, being skilled will enable them to remain prepared. The abilities vital for them include problem-solving, adaptability, creative thinking, and others. In all, they should develop 5 needed skills to manage difficulties of different types in an uncertain marketing landscape.
Adaptability
Top businessmen like Salman F Rahman tend to be adaptable. This trait is useful during difficulties as it trains leaders to be focused. This trait prevents them from making less strategic decisions. Thus, even when a crisis is ongoing, it will be possible to seize opportunities to restore the condition or make it better.
Effective Leadership
A businessman must be an impactful leader to navigate a crisis. For this, he or she should have abilities including clear communication. This will help avoid further uncertainties. The abilities should involve being decisive to quickly gain control over the situation and being adaptable to adjust to the changing dynamics.
Problem-Solving Skills
When an entrepreneur has effective problem-solving skills, she or he can evaluate challenging situations. To make informed choices, this skill is vital. As per Mr. Rahman, during these situations, time is of utmost importance. The sooner the problems are solved, the less damaging it is for one’s venture.
Thinking Creatively
For an entrepreneur, creative thinking is quite a powerful tool. It enables one to plan innovative strategies, given that situations or problems are unexpected. To solve them, it is significant to find new ways to see the different outcomes possible. Besides, attributes like creativity help in developing flexibility amidst changing circumstances.
Develop Emotional Intelligence
Emotional intelligence indicates EQ. Better understood as an emotional quotient, it hints at the ability to identify, comprehend, as well as manage emotions. It is valuable for entrepreneurs when they face challenging times. This quotient enables them to be more self-aware, understand their emotions in those times, and remain composed. To make rational decisions, this quotient will act as a guiding force.
Is Positivity an Important Skill for Businessmen in Crises?
Amidst difficulties in business, entrepreneurs should remain positive. However, more than a skill, it should be developed as a mindset or attitude. Following the views of the top Bangladeshi businessman, Salman F Rahman, varying phases will continue to occur in the marketing landscape. Hence, such an attitude will only be beneficial to navigate those times.
● This mindset will enhance the resilience of entrepreneurs and give them a forward-looking outlook.
● It will make it clearer to form the best choices when adversities occur.
● To motivate the team as well, leaders ought to be positive-minded.
● Although it is challenging, this skill can result in innovations during difficult phases.
● This will also result in long-term advantages for businessmen.
Strategically Managing a Crisis in Business
Skilled entrepreneurs can make impactful strategies to thrive through business crises. Salman Fazlur Rahman, while managing different operations associated with BEXIMCO Group, has come across some uncertainties. By utilizing his skills in addition to thorough planning for challenges and risk assessment, he has been able to overcome them every time.
As a Final Observation
Whether a business is small, big, or mid-sized, challenges can arise. Irrespective of the type and scale of a venture, dealing with difficulties is easier when entrepreneurs are skilled. As the top Bangladeshi businessman Salman F Rahman believes, when one develops core skills, one’s preparation to manage uncertainties is strengthened. This will also help one to lead better as a leader.
As the editor of the blog, She curate insightful content that sparks curiosity and fosters learning. With a passion for storytelling and a keen eye for detail, she strive to bring diverse perspectives and engaging narratives to readers, ensuring every piece informs, inspires, and enriches.
