7 Entrepreneurial Skills

I. Building Vision, Faith & Commitment
Confidence in your vision and knowing that this is your path—along with the commitment to make it real in the face of those who doubt or question what you are creating (especially you)—is essential to making your vision real.
1. Creating a vision
2. Believing your work is your calling
3. Having confidence and belief in yourself
4. Contributing to something greater than yourself

II. Utilizing Your Strengths
Knowing and understanding your strengths allows you to focus on what you do best in the service of your vision and purpose and find ways to support the areas outside your core competencies.
1. Building on your strengths and passions
2. Acknowledging weaknesses
3. Commitment to professional development

III. Creating a Niche
By creating your niche through choice, you can focus your energies and resources in one area so that people can identify with who you are and whom you serve.
1. Finding one thing you love and being the best at it
2. Maintaining a clear, compelling focus on your target market
3. Becoming established as an expert—creating a name for yourself

IV. Planning & Follow Through
Creating a clear business plan that includes financial projections accompanied by follow through and accountability to yourself and others brings vision to life.
1. Creating a living business plan with written goals
2. Committing to your word by following through
3. Establishing accountability with yourself and others

V. Engaging Risk & Reality
Risk taking without assessing reality is just stupidity or naiveté. Efforts to assess reality with total
accuracy is a recipe for paralysis. There are no guarantees. You must engage both risk and reality
simultaneously to strike a balance that enables you to move forward with faith.
1. Practicing financial discipline
2. Embracing failure
3. Trusting your gut

VI. Partnering
The ability to ask for help and to create synergistic relationships is essential to being a successful entrepreneur—your business success depends on a network of relationships.
1. Building relationships
2. Asking for and getting help
3. Being a resource

VII. Negotiating
Being clear about what your services are worth and the ability to ask for it, without hesitation, are the heart of the ability to negotiate.
1. Knowing your value proposition
2. Creating win-win agreements
3. Knowing your bottom line/Being willing to walk away

Here is a copy of the 7 Entrepreneurial Skills you can download  Download 7es_generic_skills_2005.pdf

 

Comments

[Cara Fletcher]

Entrepreneurial skills are very important for people who are working in this sphere and if they don't have them their life can be very hard.Coaching all these skills can be tough but once you do this you can do your work very easy.

[Alvan Ejehu]

Thanks for the tips! I believe we will be seeing ourselves at the top of the Success ladder and lest i forget you will be getting to know more of me probably as the World's richest man!.
Alvan Ejehu
Nethouse Inc.

[Ankush]

Thank you. These are very useful tips!
Best,
Ankush

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