Entrepreneurs love challenges and taking risks. They plan and direct operations to provide a fresh product or service. Entrepreneurs proactively use their communication and leadership skills to create policies, set goals and network with potential clients.
Negotiation skills
Negotiation is required form better relationships in business and to avoid conflict within the team and with other companies.
Developing a business plan
Entrepreneurs can be successful by having a good business plan which helps them prepare for profit and estimate the amount of funds required.
Analysing and managing risk and uncertainty
Entrepreneurs require courage to manage risks to achieve their business goals. It also makes them resilient which is an essential skill for entrepreneurs to flourish despite the uncertainties.
Creativity
Creativity is needed to form a novel idea which will fit a gap in the market, and therefore help the business be successful.
Leadership skills
Entrepreneurs need leadership in order to manage their team efficiently to be able to get the work needed done.
Be your own boss by working with companies to provide individual, tailored services.
Use your expertise to analyse business tactics and recommend improvements.
Arthur Kay is the brainbox and co-founder behind Bio-bean, an entrepreneurial start-up that recycles coffee waste and and uses it to make carbon neutral biomass products.
He came up wth this idea with his co-founder Benjamin Harriman whilst they were both architecture students at University College London. They saw much coffee is consumed each day and realised how much waste must be produced that could be made useful. Bio-bean was born and this concept went on to win numerous awards of funding from Santander to Shell.
His factory now has the capacity to process 50,000 tonnes of waste coffee each day which can be used as a sustainable way of powering our everyday lives.
Mariana Costa Checa is the co-founder and CEO of Laboratoria, a social enterprise that empowers thousands of women through coding. Currently, Laboratory started in Peru, where Mariana is from and has expanded to several Latin American countries such as Chile, Brasil and Mexico.
This start-up's success is closing the gap between women facing economic hardship and technology, giving them the necessary tools to start a career in this field. It is redifining the traditional way of becoming an engineer in Latin America.
Mariana's leadership has deemed her 'one of the most innovative persons in Peru' by the MIT; 'one of the most influential women worldwide' by the BBC. And has gained praises from influential figures like Mark Zuckerberg and Barack Obama