When starting a business, we all come at from different directions, at different ages, different backgrounds. There are so many skills required to run your own startup.

Opportunity Recognition: The recognition of new markets and opportunities, such as a new customers’ need is core to becoming a successful entrepreneur.

Research & Analysis: This involves both qualitative and quantitative data collection and analysis. Understanding the customers, competitors and costs structure are important in making a startup work.

Risk Analysis: This process of defining and analyzing the dangers to your startup business posed by potential natural and human-caused events.

Team Building: As a new business building a team is important, which requires various types of activities used to enhance social relations and define roles within team are developed and maintained.

Negotiating & Selling: Getting the right prices from your suppliers and selling at the right price is fundamental for a startup to grow. These skills go hand in hand together.

Question to Consider:

1. What skills do you need to be a successful entrepreneur?