Entrepreneurship Skills

By Justin Timory


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The state of being an entrepreneur can be realized when one engages in profitable risks and creates something of value. Entrepreneurs are defined by their habit of innovating and redefining market trends and limits. Regardless of their heredity, their background, their exposures and what not; entrepreneurs are people who are able to develop new businesses and affect the over all condition of the global economy. Given this, it is obvious that being an entrepreneur is no joke. Aside from the stress of creating and running a business, the additional responsibility of being able to contribute something significant to society is given to them. Nevertheless, entrepreneurs do have the advantage of inheriting and learning entrepreneurship skills that would assist them in meeting those expectations.

These skills are abundant; some, more important than others. All of them, however, are needed for a person to fully mature as an entrepreneur. But there is no pressure though for any aspiring businessman to learn everything before he starts his venture. Most of these skills aren't even developed without experience. So it is expected that a start up entrepreneur is half prepared when he decides to pursue his field. But then again, there are abilities innate in human beings that can be very helpful when starting out as entrepreneurs.

A. Self Awareness
This ability basically denotes having a sense of one's self and knowing what one's strengths, weaknesses and biases are. This is pretty important for entrepreneurs as this helps them sort out through personal rubble and come up with informed and reasonable decisions. Though this skill is inborn, some businessmen have difficulty to apply it in their lives. Usually, they are so overwhelmed by other people's influences that their own beliefs and preferences are forgotten. Those who would are inclined to approach problems in another way are forced to adhere to conventions because their self awareness is not strong enough to contradict. If you are able to invoke personal understanding and appreciation of your own tendencies, you can better your self, better your entrepreneurship approaches and ultimately prepare your self for absorbing other essential entrepreneurship skills.

B. Ingenuity
Ingenuity here is not only the ability to think of out of the box. It also means being able work out one's way to the achievement of a goal despite limitations. Ingenuity is adapted by entrepreneurs when they create a unique service or good and when they find alternative (and feasible) ways to solve problems. But entrepreneurs should not assume that ingenuity ends with them. Part of learning and applying this skill is recognizing the ideas of others. This is how they come about creating the best business solutions and ideas.

C. Love
Few consider this entrepreneurship skill important. But actually, this ensures a more harmonious, accomplished and long lasting business. Love means seeing potential in people. It means being able to create a nurturing environment for your employees and co-workers. Love means being able to bring out the best from those around you. Entrepreneurs who are able to love are able to create worthwhile goods and services, give a greater impact to society, have loyal and well-trained employees and finally, keep devoted customers.