5 entrepreneurial skills you need to succeed


People who start their own businesses are called entrepreneurs. They are known for embracing risk, having big ideas, and making major innovations that change how others do business. While anyone who starts a business has a bit of the entrepreneurial spirit, true entrepreneurs are distinguished by their vision and the ability to transform our collective quality of life. 

If you are considering launching your own business or if the job you seek calls for an entrepreneurial spirit, below are 5 skills you need to succeed. 


It is easy to give up when the going gets tough, but to be successful you need to be persistent. Persistence comes from your ambitious nature. Entrepreneurs want to succeed and thrive on reaching small milestones that pave the way towards reaching their main goal. When you are highly ambitious, you may have an internal drive to work hard. Putting in the effort and time to get the job done right will make your business a success. 

Creative thinking

Entrepreneurs are known for thinking outside of the box. They see things differently and are not afraid to try solutions that most people either fail to consider or are too afraid to try. To boost your creativity you need to enrich your life with new experiences regularly. This may be something as simple as talking to new people or taking a personal interest class. Each experience that you have can lead to new opportunities that were previously not available to you.

Courage and risk-taking

In order to harness the power of creativity, you must have the courage to act on your great ideas and plans. While you can research your ideas, you must have the courage to take an unknown step and try things that are unfamiliar to you. Taking risks can lead to tremendous failures but also to stunning successes. Entrepreneurs often make short-term sacrifices for a long-term payoff. That said, the risks they take are calculated and are not simply done for the thrill. 


From active listening to actively discussing in meetings, being able to communicate effectively is very important. Communication is a two-way street. And it is not just about the words. You also must be aware of nonverbal cues, such as body language. Avoid coming off as being self-promotional or vain, and strive to show that you are helpful and interested in others. And while we mentioned listening at the beginning, you also must know when you need to take control of the conversation and assert your opinions and beliefs. You need to know what you stand for, and you need to stand up for those beliefs. 

Willingness to learn

Some people think that learning stops when you graduate from university or earn a special certification. Education is a lifelong process. You must follow the changes in technology, the evolution of your industry, sales processes and more. Always seek new knowledge. More than that, look for the most successful people in your industry and do not be afraid to ask for their opinion or advice. 

Thanks for taking the time to read our blog post on 5 entrepreneurial skills you need to succeed. If you are thinking about studying in Germany, PFH offers a Master’s Degree in General Management. While if you are interested in being even more international, we also offer dual degree programmes, where you study part of your time in New York, London, Bordeaux or even Australia and receive two degrees.


At PFH we make sure you enjoy your study abroad experience to the fullest while getting high-quality education