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Wednesday, July 24, 2013

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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