FSM Media

by Dianna Ranere

The Best Skills For Successful Entrepreneurs

Photo by Nick Morrison on Unsplash

Many people imagine starting their own business, but not everyone is cut out for the challenges of going it alone. To be an entrepreneur, you need some essential skills to help you on your way. But what are the most important skills that an entrepreneur needs in order to succeed?


Photo by Fallon Michael on Unsplash


  1. Curiosity. The best entrepreneurs need to find new problems that they can solve, find potential opportunities in a new niche, and innovate. You will have to be passionate about different areas of business that are outside of your comfort zone. 
  2. Time management. You will need to be good at managing your priorities, setting milestones, execution, and iteration. These other skills won’t help you to progress on their own, without project management and time allocation skills that actually get the important work done. 
  3. Strategic thinking. You will need to learn to tackle a problem and break it down to find the core of the issue in order to discover potential areas for growth. You will need to work out some clever solutions and find opportunities that can be taken advantage of. Learn how to test out your ideas within a limited time and with a more minimal budget. 
  4. Efficiency. You will need to be able to problem-solve. Learn some techniques that will help your business to deliver better results in a shorter time period. You must be able to move easily between different jobs and make progress day to day, whether that’s working through a guide to QuickBooks Certification, or locking down a new client. 
  5. Resilience. If you’re going to manage your own business, you need to be able to handle rejection. You will need to learn effective strategies to cope with stress, burnout, a lack of focus, and periods of slow progress. You should be someone who wakes up eager to fight the same battles every morning if you’re going to be able to build a business from the ground up. 
  6. Communication. You must be able to communicate in a clear and concise way. You need to be able to communicate well with each client, partner, peer, and prospect that you have. 
  7. Networking. If you can build a strong network, you can develop new business opportunities and partnership deals, or find subcontractors and future employees. Building this network will also offer new opportunities for PR and help you get out the right messages about your company. 
  8. Finance. You will need to have at least a basic understanding of the finances if you’re going to succeed. Finance management can make or break a business. You need to know how to properly handle your resources. Pay close attention to all your investments compared to their return on investment. 
  9. Branding. To generate some brand awareness in new spaces, you need to develop some skills in branding. Build a consistent business and personal brand that is tailored to the right audience. 
  10. Sales. If you’re going to succeed, you should learn to be comfortable doing marketing and outreach to create new business opportunities. Learn to spot the right sales channels that will convert well, and develop those areas. 


Additional resources to help your business thrive: