Financial Risk Manager

Ways of Financial and Risk Management

Skills Required to be a Successful Enterprises
Wednesday, November 25, 2009

Below are some traits that most successful entrepreneurs have (some may seem incidental but they are key and few people are good at all these things):

Must be pretty good with money. Budgets. Forecasting, etc.
Must be a good public speaker.
Must be willing to travel extensively.
Must be unusually healthy - if you take more than 3 days off per year due to illness (cold, flu, whatever) forget it.
Must master the art of delayed gratification - be willing to work for a long period of time with no reward.
Must be unusually good at whatever the particular field you want to focus on for your business.
Must be able to do #6 above and be able to effectively communicate that expertise to lay people in a friendly, helpful way.
Must be good at interacting with other people. i.e. you must be a "people person".
Must be willing to take bold choices that often have negative short-term consequences. I.e. most entrepreneurs I've met have a reckless streak in them that is absolutely essential.
Must be aggressive and assertive but able to control those impulses when necessary.
Must have significant self-confidence which often would be described as arrogance.
Must be able to control ego enough to complete objectives