Entrepreneurs need a variety of skills to succeed, from leadership to accountability to determination (in spades) and more. But according to a study by Target Training International, they also tend to lack certain skills as a collective.
As chairman Bill J. Bonnstetter writes in the Harvard Business Review:
"Entrepreneurial-minded individuals possess a distinct set of skills that lead to great leadership and ideas. Perhaps the skills they have not mastered are equally important. With an understanding of those weaknesses, they can compensate for them by surrounding themselves with people who excel in these areas. As a leader, realizing other's strengths and dovetailing them into your own weaknesses is key to developing a team that will carry out your grand vision and achieve goals."
The company assessed a group of serial entrepreneurs on what personal skills they possessed, then compared these findings to a control group of 17,000. As a result, it identified four key skills that most of the subjects lacked, including empathy and self-management. Say what? Bonnstetter elaborates further on the findings here at HBR.