Entrepreneur skills and

business environment

1.1 ENTREPRENEURSHIP SKILLS :
Before becoming an entrepreneur there are some basic skills you need to have first
What does it take to be successful starting your small business?, you need to know and have this to run the business.  

I. Resilience:The ability to adapt the ups and downs of any business since it never goes exactly the way the business plan described it. This skill allows the entrepreneur to keep going when the outlook is negative..

II. Self reliance:While there is a lot of help for the entrepreneur, in the end, they need to be resourceful enough to depend on themselves.

III. Focus:After setting a long term vision, knowing how to “laser focus” on the very next step to get closer to the main goal. There are so many distracting forces when trying to build a business that this skill is not easy to master.

IV. Sell:Every entrepreneur is a sales person whether they want to be or not. They are either selling their ideas, products or services to customers, investors or employees. They work to be there when customers are ready to buy. On the other hand, they know how to let go and move on when they are not.

V.Lifelong learning culture:Successful entrepreneurs realize they don’t know everything and the market is constantly changing. They stay up to date on new systems, technology, and industry trends.

VI.Find and manage people:Only by learning to manage employees, vendors and other resources will an entrepreneur build a scalable company. They need to learn to network to meet the right people. Entrepreneurs strive to guarantee they will get honest and timely feedback from all these sources.

VII. Invest for long term: Most entrepreneurs are not patient and focus only on what comes next, rather than where the company needs to go overnight. Success may take 7 to 10 years. Entrepreneurs need to stop, pause and plan on a quarterly basis.

VIII.Self reflection:Allow downtime to reflect on the past and plan for the future. Always working only leads to burnout physically and emotionally.