Practical Skills – The Primary Tools of a Young Entrepreneur

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Some people may think of young entrepreneurs as dreamers who happened get lucky.While this may be true of some, it is far more likely that the young entrepreneur in question has put a lot of time and hard work into their ideas, ultimately resulting in success.What kinds of practical skills separate the young entrepreneur from the pack?The following short list of practical skills should help to shed some light on the subject.


Although it may not sound very appealing, research is one of the biggest aspects to getting started out on the right foot.Whether you want to believe it or not, you don’t know nearly enough when it comes to the market and the skills you will need to acquire in order to get where you want to be.Learning everything you can about your idea, any variations of it that may exist, and what you’re going to need to do to take it to the next level are all part of the process.


After you have figured out what you’re going to do and how you’re going to do it, it’s time to get organized.Get all of your information in order and set up a series of lists and goals related to the implementation of your idea.This process will take time and chances are you will adjust things multiple times to get things just right.Remember that this is a process, and that rushing through the process will only serve to harm you in the long run.Take your time and get things ready.

Communication Skills

Working on your communication skills is going to be very important, especially if you are going to need investors to help bring your ideas to fruition.Practice your written and verbal communication skills, and make sure that you come across as educated and professional.You must be able to talk the talk, whether it is in emails, business proposals, or in person.


Start meeting people and growing relationships online and in person in order to build a network of people that will be able to help in various ways.Word of mouth, positive or negative is the fastest way for people to learn about you and your endeavors, so make sure that you cultivate relationships with a wide variety of people to help move things forward.


Being a successful entrepreneur requires that you set and achieve goals regularly.Make goals for yourself on a daily basis and track your progress.Setting both short and long-term goals will help to ensure that your success is demonstrated, not just talked about.

This post was contributed by Kelly Kilpatrick, who writes on the subject of a Canadian business school. She invites your feedback at kellykilpatrick24 at gmail dot com

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One Response to Practical Skills – The Primary Tools of a Young Entrepreneur

  1. Bernard Bonomo November 4, 2008 at 12:32 am #

    All these tools mentioned above are absolutely right. In fact, there’s a new movie coming out soon that features actual stories from 40 of the nations youngest entrepreneurs. It’s called “the Young Entrepreneur Society” and you have to see the trailer & site. It’s amazing!

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