Entrepreneurs are constantly faced with the challenge of deploying a set of competencies to succeed in their business endeavors. Having a base of business skills, such as self-confidence, will allow entrepreneurs to be solid in themselves and complete their tasks more easily, since they will have self-awareness and faith to do their work. In addition to personal skills, entrepreneurs must also have the necessary skills to launch the company and for its growth and survival. The 16 essential personal entrepreneurial competencies are:
- Welcoming change as an opportunity to learn
- Being an active reader, manipulator and listener
- Having a curious mind
- Having self-confidence
- Having self-awareness
- Having faith in oneself
- Having knowledge of the industry
- Having knowledge of the market
- Having knowledge of the competition
- Having knowledge of the customer
- Having knowledge of the product/service
- Having knowledge of the technology
- Having knowledge of the financials
- Being able to take positive action in response to employees' personal concerns
- Being able to take steps to improve employee well-being
- Being able to make decisions quickly and effectively
These competencies are essential for entrepreneurs to be successful in their business endeavors. They must have a base of business skills, such as self-confidence, and also have the necessary skills to launch the company and for its growth and survival. Knowledge, personal attitudes and skills all influence personal business skills.
