There are geniuses out there who start businesses and run them well. Just look at Bill Gates. However, you do not need to be a genius to run a business. So what do you need? If you’re going to successfully run a business, you’ll need to have the following traits:

• Self-motivation and a drive to succeed. Being able to get up every morning and be productive is crucial to running a business. You need to be able to kick yourself in the butt to keep moving forward.
• Strong organizational skills. Business owners need to be on top of their stuff. This requires being organized. If you aren’t very organized then you at least need a close personal assistant who is.
• Ability to learn the newest technologies. It’s okay if you don’t know how to use an SMS SDK (or even know what one is). It’s not okay if you’re not willing to learn. At the very least, you need to have a keen sense of who to hire to research and implement the latest technologies into your business.
• Great managerial skills. You need to know how to delegate work, how to be a leader and how to appropriately give creative freedom to the folks that work with you. You need to know how to run a team!
• Good financial sense. You don’t need to be a genius to run a business but it sure helps if you’re a genius when it comes to money. You need to be able to forecast revenue, budget for your business and even know when it makes the most financial sense to cut your losses.

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