Home » National Small Business Week: Are you the next entrepreneur?

National Small Business Week: Are you the next entrepreneur?

Six business skills needed to run your own company

FRANKFORT, Ky. (May 15, 2014) – Small businesses are the backbone of Kentucky’s economy. Kentucky’s 350,000 small businesses employ nearly three quarters of a million people statewide.

To celebrate the importance of small businesses, Kentucky is participating in the U.S. Small Business Administration’s National Small Business Week, May 12-16, by honoring entrepreneurs throughout the state.

lightbulb“A great idea can come from anyone,” said Gov. Steve Beshear. “Kentucky offers many great programs and resources to help entrepreneurs turn their dreams into full-fledged businesses. I want to pay tribute to small business owners throughout the commonwealth and thank them for creating jobs and driving innovation in our state.”

Do you have the characteristics to become the next entrepreneur? According to the Kentucky Small Business Administration, here are the six qualities of successful small business owners:

Comfortable with taking risks: Being your own boss also means you’re the one making tough decisions. Do you enjoy the thrill of taking calculated risks?

Independent: Entrepreneurs have to make a lot of decisions on their own. If you find you can trust your instincts, you could be on your way to being an entrepreneur.

Persuasive: If you enjoy public speaking, engage new people with ease and make compelling arguments grounded in facts, it’s likely you’re poised to make your idea succeed.

Able to negotiate: Polished negotiation skills will help you save money and keep your business running smoothly.

Creative: Are you able to generate new ideas or think of new ways of doing things? If you have insights on how to take advantage of new opportunities, entrepreneurship may be a good fit.

Supported by others: Before starting a business, you need a strong support system in place. It’s important to have a business mentor, someone who is experienced, successful and willing to provide advice and guidance.

The Kentucky Cabinet for Economic Development offers the support entrepreneurs need. Last year, Beshear created the Office of Entrepreneurship within the Cabinet with the goal of creating and promoting a strong culture of entrepreneurship.

The Cabinet also oversees the Kentucky Innovation Network. Consisting of 13 offices throughout the state, the Kentucky Innovation Network helps entrepreneurs and small businesses through business assessment, development and ultimately capitalization.

Learn more about how the Cabinet can help you grow your business here.

Since 1963, the U.S. Small Business Administration takes the opportunity to recognize the impact of outstanding entrepreneurs, small business owners and others through National Small Business Week. Events are held throughout the country to highlight the small business owners and their importance as innovators and job creators.