Entrepreneurial Skills Essay

875 Words4 Pages
Entrepreneurial Skills What skills are needed to be an entrepreneur? There are many skills that entrepreneurs develop over time, but there are a few skills that every entrepreneur must have before opening their “doors” for business. Read through this list and if you find any skills that you need to work on, develop them while you are building your business plan. Successful entrepreneurs have to start with these six must-have skills. #1 Self-Motivation The most important skill any entrepreneur needs is the ability to wake up in the morning and begin working. If you have been 10 minutes late to work every day for the past five years, most likely that habit will not change if you own your own business. Not only do you need to be able to wake-up, but you also need to be able to begin and end work on time. Many first time entrepreneurs find themselves wasting away their day talking on the phone, filing and developing binders for clients that do not exist. Schedule your day and stick to your schedule. #2 Self-Confidence Every entrepreneur needs to be confident in themselves, their product and their business. You need to know that your product can truly help people and that you are charging prices that are both fair to you and your clients. #3 Ethics & Morals Ethics and morals are the foundation of every good entrepreneur. Early on you must decide what you and your business will stand for and what lines you will refuse to cross. Many entrepreneurs close their doors because the dollar outshines their morals. If you stray too far from your morals you will give yourself and your business a bad name. No one wants to do business with someone who will not stand up for their own morals. #4 Time Management As mentioned under Self-Motivation – Schedule your day and stick to your schedule. This cannot be emphasized enough. New entrepreneurs need to realize that every
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