Entrepreneurs are typically enterprising, leaders, decision-makers, and may be able to tolerate the stress involved in starting a small business venture, managing their innovations, and taking initiative in situations. They may be the chief executive of their own business and need to be proficient in: Exercising good judgment in assessing costs, benefits, potential actions, and risks, Solving complex problems as they come up, whether with respect to staff, services, products, or legislation, Critical thinking to be able to use logic and savvy financial sense, and Communication skills to speak clearly when talking with others or in written documentation.