12 Skills Every Entrepreneur Needs

12-Apr-2019

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Have you wondered about the ways that you could improve to be a better entrepreneur? Well according to Google's recent study that analysed all their data since the company's incorporation back in 1998, Google has found that soft skills are just as essential as hard skills for anyone to succeed.

 

So while there is no definite formula to become a successful entrepreneur, we've compiled a list of essential soft skills that are best associated with entrepreneurial success. Here are the 12 skills that every entrepreneur needs:

 

1. Optimism | In the realm of entrepreneurialism, adopting an optimistic outlook is vital as it acts and provides a continuous stepping stone to any budding entrepreneurs. In more ways than one, optimism is the fuel for fight in this competitive landscape.

 

2. Adaptability | Ever heard of Tadashi Yanai's "change or die" philosophy for work and success? If not, then best believe that his ability to adapt has helped him build Uniqlo's global success despite multiple setbacks throughout the years.

 

3. Resilience | Running parallel to adaptability and change, adopting a resilient mindset is extremely helpful as entrepreneurs can then learn from their mistakes and improve their craft.

 

4. Passion | What is an entrepreneur without passion? After all, passion helps to motivate, increase efficiency and have also been known to give budding entrepreneurs continuous drive and enthusiasm.

 

5. Focus | With distractions on every corner, having laser-sharp focus can help entrepreneurs visualise and work towards the ultimate goal while maintaining a clear understanding of what's important.

 

6. Collaborative attitude | The saying goes: "to be a boss, you have to act like a boss" and here, having the ability to recognise the areas where you are lacking and getting the necessary input will help you achieve faster and better results.

 

7. Communication | What separates a good idea from the rest lies in the way that it is conveyed and understood. Being able to communicate effectively will prove to be essential if you are striving for success. Which brings us to...

 

8. Listening | According to research, mastering active and empathetic listening can help entrepreneurs learn twice as fast.

 

9. Creativity | Individuals with a creative mindset and approach tend to create ideas outside the box. As an entrepreneur, creativity is a literal key to the door for success.

 

10. Problem-solving | The golden rule in any industry is to create a business that solves a problem so problem-solving should be a no-brainer that ties closely into entrepreneurialism.

 

11. Planning and organisation | Businesses without a plan are like humans without a backbone – both vital for function.

 

12. Execution | Need I say more?


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