[FAIE: Entrepreneurship] Awakening Aspiration, Shaping the Future: Valuable Insights from PhD Nguyen Van Tan at the Tra Vinh Provincial Science Fest

The Tra Vinh Provincial Science Festival 2024 was successfully held, attracting significant attention from scientists, entrepreneurs, and especially young startups. The event became a dynamic forum for sharing knowledge, experience, and fostering connections within the startup community.

Within the framework of the event, PhD Nguyen Van Tan – Head of The Faculty of Administration International Economics (FAIE), Lac Hong University – delivered an impressive presentation on “Enhancing Management Capacity and Leadership Skills for Startups.” His presentation provided practical insights, equipping young startups with the essential tools needed to overcome challenges and achieve success.

Startup Success: A Journey Not Taken Alone

PhD Nguyen Van Tan emphasized that entrepreneurship is a journey full of difficulties and challenges. However, with thorough preparation and the necessary skills, startups can overcome obstacles and achieve success.

He shared in detail the management capacities and leadership skills required at each stage of a startup’s development:

Startup stage: Focus on building a solid business plan, managing finances effectively, forming a core team, and defining a clear vision.

Growth stage: Expand operations, manage processes, build corporate culture, and develop new products/services.

Expansion stage: Manage large-scale operations, optimize processes, expand markets, and maintain sustainable growth.

Essential Skills for Startup Leaders

In addition, PhD Nguyen Van Tan highlighted the importance of soft skills such as:

Effective communication skills: Building strong relationships with partners, customers, investors, and employees.

Adaptability to change: Remaining flexible in response to market fluctuations.

Leadership and inspirational ability: Motivating the team and building a strong corporate culture.

Problem-solving skills: Making sound decisions in challenging situations.

Advice for Young Startups from PhD Nguyen Van Tan

Startups need to continuously learn and develop leadership and management skills to maintain competitiveness and achieve sustainable growth. Innovation lies not only in products or services but also in how a business is managed. The ability to effectively manage resources and lead a team will help startups overcome major challenges, especially during the volatile early stages of entrepreneurship. He encouraged founders and leadership teams to proactively participate in training courses and mentorship programs, and to continuously update their knowledge in order to improve themselves and successfully lead their enterprises.