Successful entrepreneurs have strong competencies in innovation, leadership, time management, marketing, and financial management. It goes to say that if your instincts tell you that you may not be prepared, then you must learn and now is the time to acquire new skills. Entrepreneurs have a broad spectrum of skills, but innovative ideas and confidence to take the first step are what provide them the advantage of business ownership. Entrepreneurs know the value of taking a risk, they have a strong competency for seeing the bigger picture, which is a valuable skill as well.