19 Section 1.2 Becoming an Entrepreneur Copyright Goodheart-Willcox Co., Inc. Skills of Successful Entrepreneurs What are your talents? Are you a good storyteller or can you fix things without having to follow instructions? Are you a good artist, a great cook, or a talented debater? These skills can help you build your own company. As an artist, you might decide to open a graphic illustration firm, design your own line of clothing, or sell art in your own gallery. As a cook, you could start a restaurant, a pastry shop, or an online candy company. As a debater, you might decide to open your own law firm or become an independent political consultant. The list of effective entrepreneurship skills is endless, but there are some skills that every good leader must possess. These skills are discussed in the following sections. Interpersonal Skills Have you heard the phrase people skills? People skills are interpersonal skills—ones you use to communicate with those around you. Effective leaders have good listening and communication skills, as well as the ability to work well with people to get the job done. Problem-Solving Skills Leaders have many challenges that require negotiation as well as problem-solving skills. Daily business activities require the ability to take charge and keep things running smoothly. Business Skills In order to run a business, it is important for a leader to have basic business skills. Basic record-keeping skills, business-letter writing skills, and math skills are just some of the business skills important for an entrepreneur to master. Planning Skills Effective leaders know how to create a plan and engage others to follow a plan and get the job done. Planning skills are critical to entrepreneurs. Leadership Skills Entrepreneurs take responsibility for leading the business and their teams. Owners with good leadership skills have the ability to support team members and grow the business. The SBA recommends that entrepreneurs consult with a mentor when starting a business. A mentor is an experienced, successful business person who is willing to provide advice and guidance—for no personal gain. The SBA can provide names of government-sponsored mentor organizations that provide resources both online and locally. www.sba.gov SBA Tips SBA Tips