Are You an Entreprenuer? (Part 3)

As we wrap-up this three part self-analysis, remember that certain skills and experience are critical to the success of a business.  Fortunately, you can hire the necessary personnel to supplement any skills and experience you lack. But in some incidences you will need some basic and special skills for your particular business.  (For instance, you can't own a law firm without being a trained, licensed attorney.)  Answer the following questions to help you identify the skills you possess and those you need.

Personal Skills and Experience

• Do you know what basic skills you need to have a successful business?
• Do you possess those skills?
• When hiring personnel will you be able to determine if the applicants' skills meet the requirements for the positions you are filing?
• Have you ever worked as a manager or supervisor?
• Have you ever worked in a business like the one you're looking to start?
• Have you had any business training in school?

Your answers aren't necessarily deal breakers to making your dream of owning a business a reality.  If you discover you lack the basic skills to owning a hair salon, web design or accounting business, are you willing to delay your plans until you acquire the necessary skills?