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The Skills That Pay The Bills - Checklist

By: Mike Milan | July 02, 2020

You need a host of skills as an entrepreneur. So, what does it take to be successful? After building 12 companies myself and working with 1000's of others, I put together a list of what sets top performers apart from the rest. Take a moment to reflect on your existing skill set and explore ways to sharpen your skills. Or, see if you have what it takes to become a part of the society of entrepreneurs.

❏ Time management skills. I use my time wisely and avoid wasting time unnecessarily. I know what matters. 

❏ Delegation skills. I know whom I can trust to complete a task. I am able to relinquish control of minor items, so I can concentrate on the things that matter the most. 

❏ Sales skills. I know my products and services. I can explain the benefits of these to my potential customers. I have excellent persuasive skills that I know how to use to influence my customers and employees.

❏ Communication skills. I can present my ideas and vision clearly. I know how to speak and listen effectively. 

❏ Focus. I can maintain my attention on what needs my attention. I am able to deal with the distractions in my environment.

❏ Stamina. I have the energy and endurance necessary to be successful. I can persevere physically and emotionally in order to get the job done. 

 ❏ The ability to troubleshoot and overcome obstacles. I know how to figure out what’s wrong and how to fix it. I have the ability to stay calm under pressure and to find solutions. 

 ❏ The ability to look ahead. I can see the future of my marketplace and the potential obstacles my business faces. 

 ❏ Daily improvement. I review each day, so I can be even more effective tomorrow. I avoid repeating my mistakes and expect the same from my employees. We’re all getting better each day. 

 ❏ Hiring. My new employees fit my company vision and culture. I hire reliable people that can get along with others. 

 ❏ Financial management. I watch my money closely. I use company funds to grow my company. I avoid spending money I don’t need to spend. I am aware of my expenses. 

 ❏ Networking. I reach out to others in my field. I stay aware of the latest developments. 

 How did you do? Make a plan to develop your weaker skills and you’ll help your company shine and succeed where others fall short.