In today’s world, if you want to be successful in business or as a business entrepreneur, there is certainly a continuous “evolutionary” process that we must all undertake. In other words, there are entrepreneurial skills that successful business people must each practice, learn and re-learn in order to thrive in today’s business world. As our business environment changes, we need to be able to adapt those skills to our surroundings, or be left behind.
Before I tell you about the entrepreneurial skills to develop, I’d like to tell you a story to set the stage, so to speak.
The older I get, the more I enjoy Saturday morning. Perhaps it’s the quiet solitude that comes with being the first to rise, or maybe it’s the unbounded joy of not having to be at work. Either way, the first few hours of a Saturday morning are most enjoyable.
A few weeks ago, I was shuffling toward the garage with a steaming cup of coffee in one hand and the morning paper in the other. What began as a typical Saturday morning turned into one of those lessons that life seems to hand you from time to time. Let me tell you about it:
I turned the dial up into the phone portion of the band on my ham radio in order to listen to a Saturday morning swap net. Along the way, I came across an older sounding chap, with a tremendous signal and a golden voice. You know the kind; he sounded like he should be in the broadcasting business. He was telling whomever he was talking with something about “a thousand marbles.” I was intrigued and stopped to listen to what he had to say.
“Well, Tom, it sure sounds like you’re busy with your job. I’m sure they pay you well but it’s a shame you have to be away from home and your family so much. Hard to believe a young fellow should have to work sixty or seventy hours a week to make ends meet. It’s too bad you missed your daughter’s dance recital,” he continued; “Let me tell you something that has helped me keep my own priorities.” And that’s when he began to explain his theory of a “thousand marbles.”
“You see, I sat down one day and did a little arithmetic. The average person lives about seventy-five years. I know, some live more and some live less, but on average, folks live about seventy-five years.
Now then, I multiplied 75 times 52 and I came up with 3,900, which is the number of Saturdays that the average person has in their entire lifetime. Now, stick with me, Tom, I’m getting to the important part.
It took me until I was fifty-five years old to think about all this in any detail,” he went on, “and by that time I had lived through over twenty-eight hundred Saturdays. I got to thinking that if I lived to be seventy-five, I only had about a thousand of them left to enjoy. So I went to a toy store and bought every single marble they had. I ended up having to visit three toy stores to round up 1,000 marbles. I took them home and put them inside a large, clear plastic container right here in the shack next to my gear.
Every Saturday since then, I have taken one marble out and thrown it away. I found that by watching the marbles diminish, I focused more on the really important things in life.
There’s nothing like watching your time here on this earth run out to help get your priorities straight.
Now let me tell you one last thing before I sign off with you and take my lovely wife out for breakfast. This morning, I took the very last marble out of the container. I figure that if I make it until next Saturday then I have been given a little extra time. And the one thing we can all use is a little more time.
It was nice to meet you Tom. I hope you spend more time with your family, and I hope to meet you again here on the band. This is a 75 year old man, K9NZQ, clear and going QRT, good morning!”
You could have heard a pin drop on the band when this fellow signed off. I guess he gave us all a lot to think about. I had planned to work on the antenna that morning, and then I was going to meet up with a few hams to work on the next club newsletter.
Instead, I went upstairs and woke my wife up with a kiss. “C’mon honey, I’m taking you and the kids to breakfast.”
“What brought this on?” she asked with a smile.
“Oh, nothing special, it’s just been a long time since we spent a Saturday together with the kids. And hey, can we stop at a toy store while we’re out? I need to buy some marbles.”
Below are 11 essential entrepreneurial skills for today’s business men and women whether they ever become an independent entrepreneur or not:
Have fun
You won’t find this skill on many lists, because many people would not consider it a skill. We not only consider it a skill (fun doesn’t happen often without working at it!), but we consider it so fundamental to all the other skills on the list that it is our top priority. The corollary to this skill must be mastered as well … when you dislike something, stop doing it.
Decision Making
No one can deny that the ability to make decisions is a core skill that every business person must possess if he or she wants to be successful. Decisions on how to proceed with marketing, funding, product production (in some cases), vendor selection, and a host of other judgments need to be made. The key is to learn from mistakes.
Avoid Fear of Failure
Remove fear rather than fearing mistakes to the point that you avoid decisions. This is a skill that is very difficult for some people to master.
Be disruptive and change the playing field
Don’t settle for the ordinary or the mundane, even if it means a little controversy. Don’t be afraid of ticking someone off. Make those around you think.
People skills
It’s often said that no matter what business you’re in, you’re in the people business. How true that is! Whether dealing with customers, vendors, investors, the press, or employees, well developed people skills can mean the difference between success and failure.
Innovate and iterate
Car models change every year because customers want something different. This is true in all industries. Be sure to innovate on your thinking often … be creative and try new ideas.
Planning
Being able to project into the future and build a plan to accomplish your objectives is a skill that can take any entrepreneur far. Effective planning is what will guide your business and ultimately define what you’re all about. The skilled business planner knows that planning is only an effective skill when combined with action, so they don’t get bogged down in planning rather plan with flexibility in mind. Don’t exclude strong time planning and management here, as without it, little else can be planned well.
Be Decisive … Just Do It!
The Nike slogan is not just for sportswear. Stop sitting around talking about your “great idea.” Get out there and pursue it. As Wayne Gretzky said, “You miss 100 percent of the shots you don’t take.”
Don’t believe you know as much as you think
Find an experienced entrepreneur-like mentor to help and guide you and don’t be afraid to ask for help. Listen to feedback from your mentor and others. Sure, you’ll get some bad inputs, but learn to filter.
Avoid the time killers
This includes constant email monitoring, meeting just to meet, having in-person chats when phone or Skype will work. Your time is very valuable, make the most of it.
Communication
If ever the term “last but not least” was appropriate, this is it. The skill of communication (all forms) plays a role in the execution of all of the other skills above. If you don’t have this skill, none of the other skills will be fully developed, no matter how hard you try.
Of course there are other important entrepreneurial skills you will need, but these are the key ones in our opinion.
What would you add to the list? Please share one or two entrepreneurial stories with us.
Read more:
8 Popular Social Media Initiatives for Customer Engagement
Does Your Business Build Customer Trust?
Social Commerce Business … What Ben and Jerry’s Knows That You Should Know