Module 6 Rich Schefren 9/12/07

(EMAILWIRE.COM, October 25, 2007 ) Article Summary: The top entrepreneurs realize that success boils down to four key skills. Read this article to find out what those key skills are.Article #2: “4 Skills of Top Entrepreneurs”On the Internet things change frequently and the only way to handle this is to have a system in place. Too many people buy one eBook and product after another. This makes the quality of the information they learned inconsistent and poor. If you have a business system in place then you can rely on the system to withstand and adapt to change while you still make money.As an entrepreneur you have four areas of responsibility. Most people don’t spend time concentrating on these areas when they should. Read on to find out about the four key areas.Entrepreneur Skill #1: You need to be able to build a system. You need to know how to actually create your system. You need to know the processes of creation of your system. For example, let’s say you’re going to buy software. Too many people buy the software, download it on their computer, and then do nothing with it. Entrepreneurs have a successful system in place in which once they download the software they use it immediately. They track its success. If it is successful then they outsource administering the software to an employee.Entrepreneurs analyze processes and how they can get the most bang for their buck.Entrepreneur Skill #2: You must understand at least the basics about project management. Project management is especially pertinent in the online world because your Internet business is based on projects. In the beginning you will participate in the nitty gritty of most of your projects. However, as your business grows you will have less time for projects. You have to become a project manager instead.Read books and take classes about project management because it is a crucial skill. You have to know with a high degree of certainty that you can create and run successful projects.Entrepreneur Skill #3 & Entrepreneur Skill #4: You have to do deals and acquire and make products. These are the two areas where all the money comes from. You have to have some level of skill at deal making. You need to know how people relate to each other. You have to know how to acquire, develop, and market products.These four skills and areas are the building blocks of a thriving business and entrepreneur. How do you perform in these skill areas? Be honest. Find ways to improve your skills in these areas and your business with not only thrive, but grow beyond your wildest dreams.KEYWORD LIST:EntrepreneurEntrepreneur SkillProject managementBuild a systemeBookInternet business

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