30 Things Every Entrepreneur Should Know How to Do

I started this post thinking I would quickly list ten things every entrepreneur should know how to do. Before I knew it, I had over twenty items. Skip and Megan (our summer intern) added their own ideas to the list to make the final thirty. Read on and add your own ideas to the list!

1. Communicate well with others - especially when articulating their concept
2. Work well with others
3. Delegate to team members
4. Present well in front of a crowd
5. Listen to their customers AND their critics
6. Perform competitive and market research
7. Write a business plan
8. Adapt to change - (Also related, staying open and flexible)
9. Being able to share their idea with others
10. Set and meet goals
11. Learn from failures
12. Take initiative
13. Bootstrap
14. Network
15. To focus and set priorities
16. To think outside of the box
17. How to put themselves in their competitors and customers shoes
18. How to think ahead
19. Market their product/service
20. Market testing their product/service
21. Be persistent (and not give up)
22. Understand financial statements
23. Attract and retain great people to their Team and Dream
24. Inspire through vision (Also related, being a good leader)
25. To dissect their behavior/motivations/strengths/weaknesses
26. Wear many hats
27. Continuously strive for self-improvement
28. Know their marketplace inside and out
29. Not sweat the small stuff
30. Balance life, friends and school or family (or both)

So what do you think? Are there any you disagree with?

By: Yasmine Mustafa

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Comments

[Grace]

30 great tools that all entrepreneur should work with. Work well with others by learning how to interact with people around you whether they are your employees or clients.

Write a business plan -This one is very vital, the more you know about starting a business, the more power you have to form a venture that develops into a lasting source of income and great satisfaction. For any start-ups, a business plan allows you to gain a better understanding of your industry structure, competitive landscape, and the capital requirements of starting a small business.

thanks for sharing this post.

[Bruno Auger]

I am sure there are a few put there that don't use a check list on things they should do when they markeet. I know myselfI orget to do a few things but I will get better

[SM]

great insights.