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10 Important Skills Every Entrepreneur Needs


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Over this past decades, it seems that entrepreneurship is just all about technology, start ups and beginners. but in reality, being in business is not all about technology and one does not have to be the next bill gates to count as an entrepreneur.

As an entrepreneur or a wannabe entrepreneur, I am sure there are some burning questions you need answers to - questions like, "Do I actually have what it takes?" Or "What special skills do I need?" Well, worry no more as this article will provide you with the necessary answers you seek.

Here are the ten skills you need as an entrepreneur.


1. GOOD BUSINESS PLANNING SKILLS:
         Good and sound planning is essential in any business idea or innovation especially if your goal is to achieve success. When you plan well as an entrepreneur, you get to see and pick up grey areas early on and tackle them on time.

2. COURAGE:
         Being in business have its own challenges hand sometimes, things just don't turn out the way you want them to. And in life, there are bills, responsibility and people looking up to you to get things done. Your ability to put up a good fight and not give up easily is what will truly make you a skilled entrepreneur.

3. SALES SKILL:
         Your ability to make sales is another vital instrument of a skilled entrepreneur. Sales don't just only mean selling your product or service, it is another way to also market yourself and show what you got intellectually. You never know who might be interested in investing in your ideas.

4. ABILITY TO INNOVATE:
          As an entrepreneur, you need to be up to date with all the latest technological devices, gadgets and be innovative with them. And technology on its own part have helped a lot of people to discover their hidden talents and purposes and the result after is nothing short of mind blowing.

5. COMMUNICATION SKILL:
        As an entrepreneur, you have to learn and master the ability to communicate effectively, whether to your employees, customers, suppliers of your raw materials or even to prospective investors - your ability to communicate the worth of your business is vital. Possessing a wonderful communication skills is the basis of a successful entrepreneur.

6. ABILITY TO MULTI -TASK :
        Another major skill to acquire and master is the ability to multi-task. As an entrepreneur especially in the start up stage, you will encounter situations where you have to be everything in your business - from operation man to production manager, marketer, sales representative and other functions. You have to be ready to take up a lot of task to help keep your company moving in the right direction.


7. ABILITY TO TAKE RISK:
         Risk taking is synonymous with entrepreneurs. They are not known to back out from new challenge or responsibility. While some people might feel threaten and unsure of themselves if given the responsibility to handle large funds for business, the average entrepreneur tales the plunge and comes up with remarkable ideas/ways he or she will use the funds and turn it into a fortune.


8. ABILITY TO LEAD:
         As an entrepreneur, you need to possess some in born leadership skills because you are definitely going to be given the mandate to lead at some point. Your ability to motivate, encourage and develop your staff and also get them to do a good job makes you a good leader.


9. DECISION MAKING SKILLS:
         As an entrepreneur, the ability to think on your feet especially in difficult situations sets you apart from the rest. Entrepreneurs are known to be fast thinkers, that is why it is easy for them to solve complex problems while others are still finding it hard to decide on what to do. After all, if you snooze you lose!

10. ABILITY TO INTERACT:
           As an entrepreneur, it is important to always have the need to improve on yourself and your success. How do you do this? Start by finding other entrepreneurs to interact with and share experiences. Who knows, you might pick one or two knowledge that will help you grow more in your business venture.