In preparation for Ernst & Young’s Entrepreneur Of The Year Awards set to take place in Palm Springs, a new report titled‘ The Vital Entrepreneur: High Impact At It’s Best’ has been released in partnership between Ernst & Young and The Kauffman Foundation For Entrepreneurship.
Leading Entrepreneurs Share Their Greatest Strengths
The report is a comprehensive compilation of insights from over 652 entrepreneurs in America that are finalists of the Entrepreneur Of The Year Award. Take note of the following 5 strengths and try to incorporate them into your business approach as much as possible.1. Communicate vision and instill passionThis skill was top-rated by 70% of the finalists. Being able to clearly, concisely and effectively communicate your company vision while getting others to rally around your cause is an extremely potent tool.2. Identify and develop talentThe best companies have the best teams behind them. Being a one-man or one-woman act will only work for
long and you absolutely need a team. Top entrepreneurs have a knack for sourcing the right talent and this heavily ties in with skill #1.3. See beyond the horizonSome of the greatest entrepreneurs have been able to gauge major developments for the future. They can see around the corner and know how to etch a niche where previously there was none. 4. Listen to adviceThe most successful entrepreneurs have coaches, mentors and advisors by their side. They realize they don't have all the answers and necessary skill sets and know that effective counsel is a major playing card. 5. DecisivenessEntrepreneur Nolan Bushnell couldn't
explain this sentiment better: “The critical ingredient is getting off your butt and doing something. It’s as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer.” Successful business leaders know when to take action and aren't afraid to pull the trigger.
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