What are the five critical skills entrepreneurs need in order to be successful?
According to serial entrepreneur, executive, technical innovator, and author Jerry Kaplan it's the following:
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Skill 1: Leadership
An ability to build consensus in the face of uncertainty.
Skill 2: Communication
The ability to keep a clear and consistent message.
Skill 3: Decision Making
Or more importantly, knowing when to make a decision.
Skill 4: Being a Good Team Player
Knowing when to trust and when to delegate.
Skill 5: Ability to Telescope
To focus in on the details and then move back to the bigger picture.
Running Time:8:59
Source: http://edcorner.stanford.edu/authorMaterialInfo.html?mid=366
Did Jerry hit on the critical skills needed to be an entrepreneur? Let me know your thoughts in the comment section below.
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Photo Credit: Leo Reynolds
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{ 9 comments… read them below or add one }
You should be able to inspire the people around you, they should be feeding off your passion and desire to succeed.
Add “action” to the mix.
Entrepreneur is “Doer” not a “Sitter”
My favorite mantra is “Think less, do more. Revise and Improve.”
I’d also add creativity. You have to be able to think creatively about problems and solve them in unusual ways.
@Chris
Inspiring passion in others is also a great trait for a leader…and usually leaders make pretty good entrepreneurs.
Thanks for adding to the list!
Matt
@Alik
Yep, just doing something, anything, will get you a long way. We had a conversation on the blog a couple days ago about those with biz plans were usually more likely to continue with their biz planning activiites. Not becuase they wrote a biz plan, but becuase they took the first step in doing something!
Appreciate you adding to our list,
Matt
@Allen
Agree 100%. Great entrepreneurs usually solve a problem or approach their biz in a way thier competition does not, this creativity is their first competitive advantage.
Thanks for adding to this,
Matt
i think that the most important skill is leadership, because leadership have all of the other skills include.
@maria
You know, you make a good point…and I don’t know that I’ve thought about it that way before. But a good leader usually embodies all the other traits we mention above. Thanks for pointing that out.
Matt
Excellent information you have my compliments, and I don’t give them very often. I have been an entrepreneur all my life and only the past couple of years have I really gotten into it, thus I am constantly searching for the best info for entrepreneurs and after visiting your blog a few times I have decided that you are definitely among the best.