Five Critical Skills That Entrepreneurs Need
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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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.
In my opinion one of the most important quality an entrepreneur should have is a dynamic character and being able to take tough decisions without hesitation
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These are the most required skills by the entrepreneurs.
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I would add that thinking out of the box to be another critical skill of an entrepreneur as well courage to take risks in the face of difficulties.
I think communication is the most valuable skill an entrepreneur can have.,
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the right decision taking ability i think is an important skill to an enterpreneur and also telescopic ability is also playing an important role.
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Those are the building blocks to a great entrepreneur! Awesome points.
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You are correct on this post. I think the most important thing is to have great communication skills, without them how are you going to be able to express your ideas and make them happen.
Fortunately over time I’ve slowly developed each of these skills.
Having great listening and management skills I think are key, you can not get big all on your own, most of the time you need help.
Thanks for sharing important information.