Tuesday, 05 13, 2014
Joe Hall 502-564-4886
Six business skills needed to run your own company
FRANKFORT, Ky. (May 13, 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, the
Commonwealth is participating in the
U.S. Small Business Administration’s National Small Business Week, May 12-16,
by honoring entrepreneurs throughout the state.
“A great idea
can come from anyone,” said Governor 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
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
The Kentucky Cabinet for Economic Development offers the
support entrepreneurs need. Last year, Gov. 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
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.