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'Victory on an invisible ship' — Why being a modern entrepreneur requires not only courage, but also data, skills, and foresight

Want to be an entrepreneur? Then start with analytics, not business—do you know which 7 skills can make your dreams come true?

By Md. Atikur RahamanPublished 8 months ago 3 min read
'Victory on an invisible ship' — Why being a modern entrepreneur requires not only courage, but also data, skills, and foresight
Photo by Shaah Shahidh on Unsplash

Introduction: Is being an entrepreneur just an idea?

"I'll make a great app that people all over Spain will use!"—Thousands of people dream of becoming entrepreneurs every day with this thought. But honestly, how many succeed? Being a successful entrepreneur in the modern era is not just about having an idea; it's the beginning of a very strategic journey.

Nowadays, entrepreneurship is not just about finding business opportunities, but also about deeply understanding the market, analyzing customer behavior, knowing how to use technology correctly, and constantly sharpening your skills to solve a whole problem. In this article, I will discuss exactly how to be a modern entrepreneur — in a way that probably no one at Vocal Media has said before.

Chapter 1: The meaning of skills has changed now

1.1. Analytical Thinking

Making decisions based on data is now the greatest tool. It would be wrong to call it just the ability to know raw data, but rather the ability to identify relationships, trends, and potential risks from data.

1.2. Emotional Intelligence (EI)

To run a team, logic alone will not work. Now EI or emotional intelligence is a huge skill. Understanding the mental state of team members, understanding the reason behind client dissatisfaction—these are great applications of EI.

1.3. Technology awareness and adaptability (Tech Fluency)

AI, blockchain, automation—don't be afraid of these. An entrepreneur should not only understand new technologies, but also dare to use them for themselves.

Chapter 2: Six practical strategies for market analysis

2.1. Understanding the future with trend analysis

'Google Trends', 'Statista', 'CB Insights'—what do these data platforms say? What are the Spanish searching for, what problems do people have the most—these observations are now the real place to sow the seeds of business.

2.2. Use social listening tools

Use tools like Brandwatch, Mention, and Talkwalker to find out what your target market is saying, what they are frustrated about, and what they are excited about.

2.3. Creating consumer personas

You can't be a sailor if you don't know the passengers who will board your ship. Create multiple personas based on their age, lifestyle, problems, and needs. This will bring you closer to them.

2.4. Micro-segmentation and Niche Market Focus

Rather than giving everything to everyone, giving everything to a few people is what makes a niche market successful. Look for niche markets where there are fewer competitors, not monotonous markets.

2.5. Not SWOT analysis, but MOST analysis

Analyze these four steps: Mission, Objectives, Strategy, Tactics—to see if your initiative is truly future-oriented.

2.6. Competitive Mapping

Who are your competitors? Not only do you need to know their names, but also identify where they are making mistakes and where their weaknesses lie.

Chapter 3: How to build your skills?

3.1. Nano Learning & Micro Courses

It is not possible to learn a whole skill in a 1-hour course. Instead, learn small concepts for 10-15 minutes every day. Udemy, Coursera, and HubSpot Academy are great.

3.2. Do a reverse internship

Even if you are an entrepreneur yourself, work at another company and learn how they handle everything. 'Learning from the big guys' is the new trend now.

3.3. Become proficient in using artificial intelligence

Save your time and increase creativity by using tools like ChatGPT, Notion AI, Runway ML, etc.

Chapter 4: 7 unconventional skills that future entrepreneurs will learn

1. Digital narrative creation skills - the ability to tell your brand or product like a story.

2. Cross-cultural Communication – The art of speaking in a foreign language, not just your own.

3. Design Thinking Approach – Using creative methods to solve problems.

4. Sustainability and Green Innovation – Making decisions based on understanding the impact of business on nature, not just profits.

5. Ethical Leadership – Motivating employees morally rather than just giving orders.

6. Failure Recovery Intelligence – The mental fortitude to recover from failure.

7. Community Building Online – Building a trusted online community before selling products.

Chapter 5: Examples—How are new entrepreneurs winning?

Example 1:

Clara Fernandez, a young woman from Madrid, Spain, earns 60,000 euros a year by selling her mother’s handmade items on Etsy under the name ‘Herencia del Alma’ (Heritage Haven). He doesn’t just sell products, he tells the story behind each product.

Example 2:

Pepe Garcia from Barcelona has created a local waste management app that serves about 1,000 families a month in different areas of the city. Behind his success, the strategy of analyzing market gaps and identifying problems has worked great.

Conclusion: Being an entrepreneur is not about passion, but understanding Excel sheets

Being an entrepreneur is no longer just about ‘ideas’. Today’s market wants entrepreneurs who can prove that they know how to analyze data, understand human feelings, and are not afraid of technology. If you can learn these skills, then it doesn’t matter who is ahead—you can sail your own invisible ship and bring victory. Are you ready to set sail for your ship?

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About the Creator

Md. Atikur Rahaman

A curious mind that enjoys reading tales that evoke strong feelings and thoughts. Writing to inspire, engage, and provoke thought. Constantly seeking purpose in ordinary situations

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