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What to study to become a better entrepreneur? (alien.top)

submitted 1 year ago by mosenco@alien.top to c/entrepreneur@indiehackers.space

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I dont nothing about business. Like if i manage to get a great idea and start to make money, i have no idea how to manage employees or the company itself.

What topic should i study? finance? business?

For example when i saw that reality show sharktank, where entrepreneur has their idea and already a running company but wants a boost and they start to talk, i don't understand a thing and probably i cannot reach a good level cause of my lack of knowledge in that field

For example elon musk studied economics.

What topic should i study to will be able to manage a startup and a company and make business?

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[–] arkofjoy@alien.top 1 points 1 year ago

If I were young again and just starting out, I would be studying the following in no order of importance

Public speaking. I was a member of toastmasters for four years. If you are wanting to get funding, you are going to be spending a lot of time talking to people, get good at it.

Accounting. You don't need to be good enough to do your own books, but accounting is it's own language. You need to understand that language. I know 4 people who lost their businesses, because they trusted someone else with their accounts with no understanding themselves. Or consider that, in the last 10 years, a hundred million dollars has been embezzled from the not for profit sector, and those are just the ones that got caught.

Marketing : I have seen a number of businesses that have a great product or service, far better than the competition, but fail, or just get by, because they don't have any knowledge of marketing. They are either not spending any money on marketing, or the far worse, spending it in the wrong places.

You will need enough understanding of marketing in order to do your own marketing in the beginning, and to talk to your marketing people once you can afford them.