As a business owner, should I learn everything to be able to run my business? Of course, before starting your own business, you need to possess some important skills to avoid risk when starting a business such as how to manage ...Read more
As a business owner, should I learn everything to be able to run my business?
Of course, before starting your own business, you need to possess some important skills to avoid risk when starting a business such as how to manage staff, manage cash in the business and many other skills.
However, Kim Sambath, CEO of DRSB Express, a founder of oversea purchasing services, packaging, and fast delivery service from oversea company that shares his extensive experience said that when a business starts strong and is running, if you lack any skills in running it, you do not have to spend time learning skills instead you can hire some staff to work for you.
He added that when a company operates for three to four years and is doing well, if you lack any skills in running a business, you need to find an expert to fill the gaps that you are lacking. For example, if you do not have financial skills, you can hire a financial expert to do this job in your company.
Hiring professionals to do this, he stressed that if we gather a good team and a lot of experts, your business will be more than 50% successful and should be combined with additional marketing, your business will grow faster.
He also revealed that when your business is running well and you to learn the skills you feel you lack, it’s just waste time. On the other hand, you do not have time to learn additional skills because you are busy with a lot of work in operating the company you are in.
Mr. Kim Sambath also advised business owners that in order to avoid cash flow problems in business, you need to have a reasonable capital of at least 10% of cash flow for business operations, especially for businesses that deal with cash.
DRSB EXPRESS is a well-established company based in Phnom Penh, providing cost-effective oversea purchasing services, packaging, and fast delivery service from oversea as well as in Cambodia.
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