5 IMPORTANT BUSINESS SKILLS EVERY PROFESSIONAL NEEDS

  1. Understanding of Economics
  • Opportunity Costs. Opportunity costs refer to the benefits of an individual or a business loses out when it chooses another alternative. …
  • Sunk Cost. …
  • The Trade War. …
  • Supply and Demand:
  1. Data Analysis Skills
  • Math (statistics and probability)
  • Logic and analysis.
  • Relational databases (MySQL)
  • Problem-solving and troubleshooting.
  • Pattern and trend identification.
  • Data mining and data QA.
  • Database design and management.
  • SharePoint and advanced Microsoft Excel functions.
  1. Financial Accounting Skills
  • Analytical Skills. Accounting work requires a meticulous, detail-oriented eye. …
  • Organization. …
  • Critical Thinking. …
  • Interpersonal Communication. …
  • Adaptability. …
  • Time Management. …
  • Industry Knowledge. …
  • Spreadsheet Proficiency.
  1. Negotiation Skills
  • Negotiating with a customer over the price and terms of a sale.
  • Negotiating a legal settlement with an opposing attorney.
  • Negotiating service or supply agreements with vendors.
  • Mediating with students on lesson plan goals.
  1. Business Management Skills
  • Communication. Communication skills in business management are key. …
  • Management & Leadership. …
  • Financial Intelligence. …
  • Information Technology. …
  • Critical Thinking & Problem-Solving. …
  • Creativity and Innovation.

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