“How could I know if I have the required entrepreneurship skills?”.

This is a question on every entrepreneur’s mind, as deciding to start a new business and finding an amazing idea might be easy for anyone, but making sure that you are ready, qualified and highly-skilled to take on this responsibility is very important!

Here are 10 smarty skills every would-be entrepreneur and actual entrepreneurs must consider to be on track:

1- Effective Communication

The entrepreneur spends most of his time communicating with different people, employees, clients, stakeholders, mentors, etc., If the entrepreneur is not pretty good at communicating with all of them, he will certainly face big problems.

Therefore, it is necessary for the entrepreneur to spend effort to improve communication skills, whether in person conversations or in group conversations, and whether it is oral or written communication.

Communication skills also include paying attention to people’s motivations, interests, body language and verbal & non-verbal cues.

2- Risk Taking

“To win big, you sometimes have to take big risks” Bill Gates said.

Researching the feasibility of every step a business takes is very necessary, but often, entrepreneurs need to take the risk to test something totally new with no expected results.

Since finding the right path is rarely linear or easy, entrepreneurs need to be risk-takers and courageous enough to take on some not-so-calculated adventures, which often result in significant business development, or from which they learn useful skills.

3- Dealing with failure

Every human should know that all successful people failed dozens of times before getting a win. You can make sure of this fact by going back to the struggle stories of many successful celebrities.

Therefore, it is important for entrepreneurs to deal positively with their failures, and realize that failure is not the end, it is a step on the path to success.

4- Eagerness to learn

“Learning is a never-ending journey” is a common belief among the world’s most successful entrepreneurs. On every new step an entrepreneur takes, he needs to learn something new, whether through courses or trainings related to his field, or learning through the situations he experiences daily.

5- Creativity and inventiveness

How many wonderful and useful ideas seemed at first strange?

To wake up every day to do the same tasks in the same way, and to think about solving the problems you face daily by applying the same solutions, is something that loses you a lot of joy in life.

Unleash your imagination, think creatively, try new things, generate out of the box ideas, all of these will help you be a more successful entrepreneur, and will surely make you enjoy your life more.

6- Ambition and determination

The easiest thing is to lose passion after going through some difficulties, but this is completely against the nature of successful entrepreneurs. They have a clear goal, which is to reach the top, so they strive to continue and achieve small, frequent milestones, and with their enthusiasm and passion, they achieve the desired great success one day.

One of the important characteristics of enthusiasts is that they have a strong internal drive that cannot be negatively affected, and cannot be weakened, no matter how difficult the events they are going through.

7- catching sight of trends

The ability to spot new trends is a key skill for every entrepreneur. The more you keep an eye on the latest trends in the world of technology and business, the more you will develop your services according to these trends, and you will better meet the needs of the market.

Over time and as you gain experience, you will be able to predict upcoming trends as well, being able to prepare for trends before they spread out.

8- Leadership skills

Early during your business growth, there will be a time when you are everyone’s manager. This will require you to learn the principles of leadership, and how to deal with different types of employees, to ensure that you choose the right employees and deal with them in the right way as well.

As a leader, motivating, encouraging and developing your stuff will be your responsibility.

9- Time management skills

Time management and organization skills are among the most important skills that entrepreneurs must invest their time in developing. Breaking down huge tasks, preparing to do lists, dealing with tight deadlines are very important skills practised daily.

Here are 3 of the most important time management tips for entrepreneurs:

• Prioritization: It means starting with the most time-sensitive task, then going to the least important, or work on a combination of both at the same time, depending on the situation.
• Goal setting: If you have a clear goal for every thing you do daily, you will easily manage your time according to it. Whether your goals are short-term or long-term, managing your time will lead you to achieve your goal.
• Delegation: As an entrepreneur and a team leader, it is not necessary to be included in all the stuff that your team is working on, it is better to delegate tasks that does not significantly affect achieving the business goal.

10- Negotiation skills

If you reflect, you will find that you negotiate daily dozens of times, with your employees about the tasks required and how to perform them, with stakeholders about the form of cooperation between you and them, and with your business partners, etc.,

All these daily negotiations require you to pay some attention to develop your negotiation skills, to get out of all these discussions with decisions that benefit the future of your business.