Although most people are familiar with the idea of owning a business, few people have ever imagined a career as an entrepreneur until now. What most entrepreneurs end up forgetting is that being an entrepreneur is not just about having a product or service to sell but also about managing and operating a business in a highly competitive and ever-changing economy. With so many different factors affecting the economy, entrepreneurs need to be both tough and smart in their decision making.

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Leadership is probably one of the key skills of an entrepreneur that all entrepreneurs need to learn. This includes being the team leader as well as the boss. Most managers only lead from the top down, which can lead to the destruction of vision and the failure of the company as a whole. However, leadership can be learned and practised so that the company as a whole is more profitable, has a solid foundation of core values, and is able to adapt to changes quickly and effectively.

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Along with leadership comes sales skills. Most people have heard of the saying, ‘The best way to make money is to sell something people want to buy’. While this is definitely true, selling is only part of becoming successful in entrepreneurship. Successful sales professionals know how to market themselves and develop effective sales strategies. In fact, most entrepreneurs would agree that interpersonal skills far outweigh any other type of skill.

 

Another one of the key skills of an entrepreneur that all aspiring entrepreneurs should consider taking on is social media. There are an endless number of ways entrepreneurs can use social media to grow their businesses. Some entrepreneurs even use it as a way of recruiting new talent as well as keeping track of current customers. By using social media, entrepreneurs are able to promote themselves and their products and services while simultaneously building social ties that can translate into more sales. Besides using social media, entrepreneurs should also consider developing strong business relationships with their clients.

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Finally, entrepreneurs who are self-motivated are capable of working towards making their careers change. The key here is being able to stay motivated during both good and bad times. Self-motivation is often difficult for some people and they need the support of family and friends. For those people who are able to overcome initial challenges, becoming a successful entrepreneur often depends on staying self-motivated throughout their career path.

 

If you are interested in becoming one of the many successful entrepreneurs out there, it is important to consider developing some of the essential skills of entrepreneurship. Many successful entrepreneurs possess skills in all of these areas. In fact, by developing one or more of these skills, you can greatly increase your chances of entrepreneurial success. However, it is important to note that no matter what skill you choose, if you are not willing to put in the time and effort, you will be much less likely to become successful.

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This Scorecard has been designed to show entrepreneurs, startups and small businesses their blind spots and provide instant, actionable steps on how to improve

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