It may seem like an entrepreneur’s success is controlled by a “roll of the dice.” Upon closer inspection, however, there is a group of traits one should have to be successful as an entrepreneur. While these traits can be thought of as problem-solving skills, the designation is an umbrella term that, in fact, includes many skills.
The first problem-solving skill necessary is the ability to delegate. To become a successful entrepreneur, one should realize that he/she cannot do it alone. Successful entrepreneurs should set their pride aside, build a successful team, and delegate responsibility among it. Mark Zuckerberg, the founder of Facebook, once made the comment that “no one does it alone.” This is not only true for a huge business such as Facebook, but it is also true for any entrepreneurial endeavor in general.
The second problem-solving skill necessary for entrepreneurs is discernment. Discernment includes the ability to know when it is time to abandon a project instead of pressing on. Tenacity and persistence have their place, but there is a time to abandon a project or business. Are the problems that arise worth the time and effort required to solve them? Experience, knowledge, and proper discernment can help the entrepreneur realize that it is “time to fold ‘em.”
A third problem-solving skill is being able to see the big picture while still seeing the little details. An entrepreneur should be able to roll up his/her sleeves and pitch into the work being done. It is beneficial to know your customers and to be able to predict projected sales. However, your participation in doing the work is a morale booster and can help avoid employee problems. For example, when your retail store has stocking, cleaning, organizing, and/or other manual tasks to be done, it helps employees see that your goals overlap their goals if you jump in and do the same work that you expect them to do.
A fourth problem-solving skill necessary for successful entrepreneurs is the ability to collaborate. As far as business is concerned, collaboration means building a network of partners, suppliers, and vendors to work with and solve your problems. This collaboration will contribute to your company’s growth. Remember that collaboration does not just help one party–it helps both involved parties.