Posted in Business Coaching

8 Business Skills for New Entrepreneurs

Have you ever wondered, “what business skills do most new business owners want to know?” If so, I have the answer for you! 👇

New business owners often want to know a wide range of skills that will help them successfully run their business. Here are eight of the most common business skills that new business owners want to know:

Financial Management

New business owners need to know how to manage their finances effectively, including creating and managing budgets, understanding financial statements, and managing cash flow.


Effective marketing is essential for any business. New business owners need to know how to identify their target market, create a marketing plan, and implement marketing strategies to reach their customers.


Sales are the lifeblood of any business. New business owners need to know how to sell their products or services effectively, including understanding customer needs, creating sales strategies, and closing deals.


As a business owner, you need to know how to lead your team effectively. This includes understanding how to motivate and inspire your team, set goals, and make difficult decisions.


Communication is key in business. New business owners need to know how to communicate effectively with employees, customers, and stakeholders.

Time Management

Managing your time effectively is crucial for any business owner. New business owners need to know how to prioritize tasks, set goals, and manage their schedule to maximize productivity.

Customer Service

Providing excellent customer service is essential for building a successful business. New business owners need to know how to create a customer service strategy, handle customer complaints, and retain customers.


Networking is crucial for building relationships with potential customers, partners, and investors. New business owners need to know how to network effectively, including attending events, making connections, and following up.

These are just some of the many business skills that new business owners need to know. It’s important to continue learning and developing new skills as your business grows and evolves.

Source: ChatGPT Mar 14 Version.



John holds four degrees (law, hotel management, literature & computer science, and theater), two decades of technical education, and has 30 years of extensive work experience in the fields of real estate property valuation, mortgage finance, home sales, teaching, and military service. John is the founder and Broker-Owner of Coleman Tanner Realty 🏡 in Florida. As a writer, John has been self-publishing books since 2012. His latest nonfiction book, The Entrefluential Broker, is a DIY guide to launching your own real estate brokerage business. John’s forthcoming book, STR Conversions, will inform real estate investors of how to quadruple their rental income via his new “hotel hacking” strategy. He plans on taking his lessons to online and offline speaking stages to share his tactics with investors in the second half of 2022. To discuss speaking engagements and workshops, interested parties can send inquiries to In addition to writing, John has a love for filmmaking that began while studying theater at Miami-Dade College in 1994. John plans on overseeing the shooting of an in-house “reality tv” show for his real estate practice, Coleman Tanner Realty. 🎬 John also aspires to executive produce independent films that will be a hybrid of the film noir + murder mystery genre and something new, futuristic, and aesthetically appealing to modern day film enthusiasts (think, anime in real life meets Sherlock Holmes). He also enjoys romantic comedies and Hallmark dramas; he wrote a romantic novella, Faithfully, available on Amazon (under the pen name of Jack Morgan) - so stay tuned for romance films as well. When he’s not 🖥 online studying film production, AirBnB, real estate, online marketing, or watching movies and his favorite TV shows on Netflix or the tube 📺 for inspiration. 🎼 John also enjoys playing the guitar 🎸 and piano 🎹 in his free time.