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What You Need to Succeed as an Entrepreneur

what you need to succeed as a woman entrepreneurWhat is it that differentiates successful entrepreneurs from everyone else?  Do you have what it takes to achieve your goals? 

One of the most important factors that determine the performance of a business is the individual at the centre of it.  You are the glue that holds everything together.  Here are the skills that are crucial to your success:

Organizational skills

To run a business efficiently, you must be able to get things done properly and on time, while also supporting your employees.  Multitasking and working under pressure are necessary skills for entrepreneurs.

Goal setting

When running your own business you are not accountable to a boss, so self-discipline is important.  You need to organize your workday and keep it well-structured.  Your problem solving skills also have to be excellent.  You must be able to identify problems and fix them quickly.

Survival skills

You need tenacity to survive the setbacks you will encounter.  Don’t give up when things don’t go as planned.  Learn from your mistakes, pick yourself up, and go forward.  You can’t let the fear of failure stop you from trying new things because it’s the only way to grow your business.

Social skills

The ability to communicate effectively is essential for entrepreneurs.  Not everyone is born a good communicator, but it is a skill that you can develop.  Watch other people and try to learn from them.  If this is something that you struggle with, you could even take a course at a local college.  People will be a lot more willing to support your business if they genuinely like you.

Leadership skills

Leadership is the ability to inspire others to be the best that they can be. You need to convince the members of your team and other stakeholders that their success is tied to the success of your company.  It is important that you are able to motivate others to do what needs to be done because you cannot do it alone.

Passion

As an entrepreneur, you have to be prepared to make sacrifices for your business.  This might mean staying up all night getting ready for a sales presentation, or it might mean driving a hundred miles to pick up a needed product.  These inconveniences happen every day when you are running a business.  Remember, it’s not about the money, it’s about the ride.

Above everything else, the single most important quality of a successful entrepreneur is perseverance.  You always have to keep going.  Consider the words of Rick Spence: “No business is a failure till you give up”.

 

Written By: Karen Bivand
Photo Credit: Shutterstock

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