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Table of Contents
TL;DR & Summary
Stop struggling to understand the language of business. Learn how to acquire business acumen and speak the language of business with ease. The problem with most people who want to make money online is that they’re too passionate about their hobbies (that they want to monetize). Passion won’t pay the bills (or you’ll barely make any money) if you don’t realize the potential of your hobby onto someone’s business.
It’s important to understand that developing a business requires speaking the same language as the other businessperson. As a businessperson, you’re not supposed to get attached with the pitch or each other. Business people don’t talk anything beyond numbers – they understand & believe numbers.
If you don’t put this in action, you’re just a creative person trying to make money off your hobby. You don’t demonstrate enough business acumen, or have established any rapport with the other businessperson.
No amount of SEO will save a business that stands on efforts of a businessperson without business skills. This issue is more about business, than SEO.
By the end of this issue, you will be able to:
- Understand the basics of business acumen
- Identify the benefits of having business acumen
- Develop your business acumen skills
Are you struggling to keep up with business conversations because you don’t speak the language of business? This is a common problem, but it doesn’t have to be yours. In this issue, we’ll discuss how to acquire business acumen and speak the language of business without feeling overwhelmed.
Many people avoid learning about business acumen because they think it’s too complicated or only for executives. However, acquiring the business acumen has many benefits, including but not limited to:
- Understanding how businesses operate
- Making better decisions
- Communicating effectively with colleagues
- Advancing your career as a businessperson
If you’re not practicing the business acumen that the other business person will understand, you’re missing out on these benefits. So, let’s dive into why people struggle to learn business acumen and how you can overcome these struggles.
Primary reasons why people struggle to acquire business acumen
- Lack of understanding: People think business acumen is too complicated or only for executives
- Time constraints: People don’t have the time to learn about business acumen
- Fear of failure: People are afraid to fail or feel embarrassed to ask questions
- Lack of resources: People don’t know where to start or what resources are available to learn business acumen
Don’t let these reasons hold you back from acquiring business acumen. It’s within your reach, and you can develop your skills with ease. Here’s how:
Step 1: Understand the basics of business acumen
To acquire business acumen, you need to understand the basics. Start by learning the key terms, concepts, and principles of business. You can find many resources online, such as articles, videos, and podcasts, that explain business acumen in simple terms.
Several resources are available online on business acumen that cover topics like business strategy, finance, and marketing. These resources are designed for anyone who wants to learn about business acumen, regardless of their level of experience.
Worst thing is, even the fundamentals require years of practice. It is so subjective that even the seasoned businessperson make mistakes at the international level.
Step 2: Identify the benefits of having business acumen
Once you understand the basics of business acumen, it’s essential to identify the benefits of having these skills. As we mentioned earlier, business acumen can help you make better decisions, communicate effectively, and advance your career. As a businessperson, your only goal should be to keep the business afloat, obviously ethically.
All your decisions, all your energy should be channeled to keep your business afloat. You will align with business objectives and collaborate whenever required, leaving aside any personal disorientation.
For example, if you’re in marketing, having that sense of business can help you understand the business objectives and align your marketing goals with them. This can lead to more successful campaigns and better results for your team.
Step 3: Develop business skills
Finally, it’s time to develop your business skills. This involves practicing what you’ve learned and applying it to real-life situations. You can do this by:
- Observing how businesses operate in your industry & in general
- Reading business news and analyzing trends. All businesses effect each other, directly or indirectly.
- Attending workshops or seminars on business & make new connections
- Asking your colleagues for feedback on your business skills. Be open to brutal truth
Remember, acquiring business acumen is a continuous process. It takes time and effort, but the rewards are worth it. With these three steps, you can start developing your business acumen skills today and speak the language of business with ease.
SEO this week (News Updates)
- Google rolled out core updates for Mar’23. This update focuses on expertise & experience of author more than before. No AI generated content is going to help anymore.
Clickworthy resources
- Hero Section Design Section Ideas
- How to organize sub-directories?
- ChatGPT-4 is here. Learn from the official sources
- 2 minutes systems to work better, everyday!
Tools that you should know about
- Wonder Dynamics: Create animated videos, without animating. Use such videos to create adverts with company mascots without actually creating it.
If you’re looking forward to winning online, here’s how I can help:
- Sit with you 1-on-1 & create a content marketing strategy for your startup. Hire me for paid consulting.
- Write blogs, social posts, and emails for you. Get in touch here with queries (Please mention you found this email in the newsletter to get noticed quickly)
- Join my tribe on Twitter where I share SEO tips (every single day) & teaser of the next issue of Letters ByDavey.