Ron Malhotra is a business and wealth expert, and on his entrepreneurial journey has developed many high income skills that have accelerated his success.
Some people create their unique name and mastery within their chosen industries. These Masters of Business inspire more and more people around the world with the kind of work they do and the kind of momentum they attain each passing day, excelling beyond boundaries; Ron Malhotra is all of this and much more. He has perhaps achieved excellence in almost everything he has touched in life and has propelled forward in the business world as an extraordinaire. Today, he has come forward to talk about a few high-income skills that have helped him accelerate his entrepreneurial journey. He shares these with us today, as he views these skills as being transferable across many industries and thus being the absolute key for all entrepreneurs to learn.
Listening: Ron Malhotra says listening stands as one of the top skills when it comes to interpersonal skills. Also, research shows that emotional intelligence can be a higher predictor of career progression and social status compared to intellect. Social awareness is one of the key elements of emotional intelligence, which can only be enhanced by honing in on perfecting one’s listening skills. He says that listening is also a form of communication and strengthens relationships, resulting in opportunities. Most people listen to simply respond, and not to truly understand, missing out on important cues within most conversations, which in turn results in disconnection or missed opportunities to collaborate or build relationships.
Public speaking: Ron Malhotra explains that the person who confidently speaks publicly and accurately and compellingly gets their message across to their audience in an interesting manner, will always have higher perceived expertise and authority. Mastering this skill can open a world of opportunities.
Negotiation: Ron Malhotra views that negotiation skills are essential for all people, as negotiating means the ability to get what one wants without compromising on the relationship with the other party. Negotiating well can help individuals achieve superior outcomes and even secure clients. Not knowing how to negotiate well, can result in people losing many opportunities, missing out on deals and even impacts one’s ability to get higher remuneration or better positions.
Persuasion: People who learn the art of getting people to take desirable actions without any manipulation or coercion, have great persuasion skills, says Ron Malhotra. People must learn to persuade or influence others without coming across as desperate or deceptive. Great persuasive skills stand out, and help people become influential within their industry.
Consultative selling: This is the art of selling complex solutions by thoroughly understanding prospect's needs, then skilfully communicating and matching the benefits of the solutions to the needs and wants of the prospects, explains Ron Malhotra. It also requires an understanding of human behaviour, buying psychology and motivational drivers, resulting in decision-making.
Leadership: The ability to engage people and extract superior performance from them is a sign of a great leader. However, very few leaders can build loyal and high-performance cultures. Since people are a company's greatest asset, they must learn how to maximize that asset without losing engagement and loyalty.
Ron Malhotra views these high-income skills as being transferable across many industries. We hope these points that Ron Malhotra has laid out, can help entrepreneurs in more ways than one.