Three Skills to be a Successful Entrepreneur

No man is an island. No business is either. It’s helpful to learn from those who are a few steps ahead or are walking stably beside you. Now is the time to accelerate progress through networking and collaboration in order to enjoy exponential improvements and growth. Our panel of fourteen experts offers invaluable insights into the question: What are three priority skills needed to be a successful entrepreneur?

From our Experts:

Tom Ruwitch

1. Persistence... Entrepreneurs are bound to fail from time to time in their journeys. You can't quit the first time you fail.

2. Interpersonal skills... You must work well with others if you want to be a successful entrepreneur. Working alone in a garage is a mythical image.

3. A willingness to let go and delegate… You can't do it all yourself. Build a team. Establish structure. Don't try to juggle it all.

Stephen Hager

1. Fire in your belly to do something different, better and take-on risk

2. A picture of success, vision and desired outcomes with leaky boundaries

3. Surround self with people smarter and different than you who support your picture of success

Adam Kreitman

1. The ability to sell

2. The ability to delegate

3. The ability to learn from failure (or, better yet, the failures of others)

Steve Smart

1. The ability to lead with vision: The ability to see, define and rally others to a future state is critical for long-term success.

2. The ability to incorporate the right talent: No one can do it all on their own. It becomes critical to recognize that fact, develop a high performing team and delegate well.

3. The ability to manage change: With a growing business, change is happening all over. Within the organization, within the industry and in the business world in general. Being able to manage change and lead the organization in the midst of it is important.

Jared Peno

Along with personal traits such as perseverance, self-motivation, and focus, I think having the following skills is vitally important to an entrepreneur's success:

1. First, you must have a marketable service or product. If you don't, then you have nothing to sell and no platform for becoming an entrepreneur.

2. Second, you need to have vision. When you are starting out, take advantage of your ability to adjust to demands and trends quickly; always have an eye for opportunity.

3. Lastly, and I believe most importantly, you need to be able to grow your personal network. Entrepreneurs sell solutions and the more people you know the more people you can potentially help. Your worth as an entrepreneur is directly tied with how well and how many people you can help. Creating an ever-growing network of people allows for more relationships and more opportunities for you to solve problems.

These are just a few of the Partner responses.

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