Five skills every Entrepreneur Should Have

Entrepreneurship is not for the faint of heart. It takes grit, determination, and a whole lot of hustle to make your entrepreneur dreams a reality. But in addition to all of that, there are also certain skills that every successful entrepreneur must possess. From being a great communicator to being able to think strategically, here are the five skills that will help you take your business to the next level.


The message matters most, according to Australian political strategist Lynton Crosby. The ability to communicate your vision clearly, whether it’s to your team, investors, or customers, is crucial in business. Being able to articulate what you do and why you do it in a way that resonates with your audience is essential to gain their trust and buy-in. Getting people on board with your ideas won’t be easy if you can’t communicate effectively.


In entrepreneurship, sales skills are king. Everyone in business needs to be able to sell, whether you’re selling your product, service, or yourself. No matter how great your product or service is, you must sell it to be successful. If you’re not comfortable with selling, now is the time to learn because it’s a skill that will serve you well throughout your career.


As an entrepreneur, networking is vital. You need to be connected to the right people in order to get funding, partnerships, mentorship, and advice. And even if you’re not looking for any of those things right now, building a solid network will pay off down the road when you need it most. Never underestimate the power of networking, and always be sure to cultivate relationships with the right people.


An excellent entrepreneurial skill set would only be complete with some basic financial know-how. Knowing how to create and stick to a budget, understanding cash flow basics, and being able to read financial statements are all critical skills for any entrepreneur to have under their belt. You don’t need to be an accountant or have a degree in finance, but being financially literate will go a long way in helping you run your business effectively.

Strategic Thinking

One of the most critical entrepreneurial skills is the ability to think strategically. This means seeing the big picture and making decisions that will help you achieve your long-term goals. Getting caught up in the day-to-day grind of running a business is easy. Still, if you want to be successful, you need to focus on the future and make decisions that will help you get there. Strategic thinking is a skill that can be developed over time with practice, so if it doesn’t come naturally to you, then don’t worry-it’s something that can be learned!


These are just a few of the skills that every entrepreneur should have in their toolkit if they want to be successful. What others would you add? Leave us a comment below and let us know!

Adam Torkildson
Adam is a proud American citizen, entrepreneur, 2x founder, father of 2, and married. He considers himself a Constitutional Conservative and loves to golf and read books when he's not running his businesses and writing content.