As the business owner, you have full control of where your business is heading or what path will it take. It is true that in order for a business to grow, the entrepreneur should have strong strategic and execution capabilities. But unfortunately, these are what many entrepreneurs lack.
Obviously, entrepreneurship is a complex and tricky job that is why entrepreneurs really have to be smart and knowledgeable. Otherwise, he won’t be able to make right decisions and he would not know where he will take his business as well as his team.
Being a knowledgeable entrepreneur does not mean that you build and manage your business on your own. Of course, you can’t build your company by yourself. You have to know what skills are needed to grow the company, how to attract talented people with those skills, communicate your vision to them and give them space to execute on it. You need to inspire your team while maintaining their respect.
Apart from being able to properly manage your team, you also need to know how to understand your customers’ needs. You need to study their purchasing behaviour, preferences, etc.
Experience can be a great teacher if you want to become a smarter entrepreneur. However, it would be faster for you to become an expert if you read books about business. Here are the 15 best books for you: https://www.businessinsider.com.au/best-business-books-summer-2017-6#/#black-edge-by-sheelah-kolhatkar-1