Strategic Thinking and Planning

For many entrepreneurs this can be a challenge.  First too few take the time to do as there is always a fire and others don’t know how.  Make sure you set time aside quarterly for yourself and your team with no interruptions and talk strategy and long term so you don’t lose your way.  

Financial Literacy

Numbers are all that matter.  It is important to understand the basics from P&L to a cash flow statement.  We have seen many owners run out of money before their idea takes off which is why so many startups fail. 

Teamwork and Leadership Skills

Leadership skills can be built and leading is very different from management.  Many entrepreneurs have great ideas but those ideas fail to be executed due to the lack of leadership skill.  We at The Shift Spot have numerous resources, tips and tricks to help you grow in this area.

Strong Communication Skills

Understanding how to present your ideas is extremely important in driving vision and results.  Also keep in mind that you generally have to share the idea seven times before it sinks in that is human nature.  I also like to incorporate both visual and audio messaging in as each person is wired differently. 

Adaptability and Continuous Learning

Constantly push yourself to grow and learn.  We at The Shift Spot understand the personal and professional development of the entrepreneur is one of the key reasons people succeed or fail.  Always be searching for ways to sharpen the sword and join communities like The Shift Spot. 

Analytical and Problem-Solving Skills

If you are lacking in this area, surround yourself with someone that can help you.  Analytical thinking and problem solving can sometimes be difficult for creative visionaries yet these skills are essential for success.