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Key Entrepreneurship Skills for Teens

Last updated March 11, 2024

Do you like the idea of being your own boss? Does the idea of creating a vision for a business, setting your own schedule, and being in control of your own success excite you? If so, you may be interested in exploring what it takes to be an entrepreneur! The Network for Teaching Entrepreneurship (NFTE) defines eight key skills that make up the entrepreneurial mindset. These skills can not only help you start your own business, but can level up your skills as student, athlete, friend, or employee! Read more about key entrepreneurship skills for teens.

A mug that says "hustle" sits on a desk - Key Entrepreneurship Skills for Teens

Critical thinking

Do you like solving puzzles and considering problems from multiple different angles? These are elements of critical thinking, a key entrepreneurial skill. 

Flexibility and adaptability

Flexibility and adaptability give you the willingness to change actions and plans to overcome challenges now, as well as to predict what might happen next!

Communication and collaboration

While you may be your own boss, you will still need to clearly express your ideas to many different people, like your customers, investors, employees, and loved ones. Clear communication can help people be on the same page while working toward a common goal.

Comfort with risk

Successful entrepreneurs have the capacity to move forward with a decision, despite uncertainty and challenges, to bet on themselves!

Initiative and self-reliance

You’re the boss! That means no one is going to tell you to start or end your day at a certain time. You have the power to take ownership of your business and work through obstacles on your own.

Future orientation

Taking the leap to be an entrepreneur means that you can see a positive future for yourself and your business, and have the drive to make it a reality!

Opportunity recognition

While problems and obstacles may arise, entrepreneurs see them as opportunities to create solutions.

Creativity and innovation

As a visionary, you will need the ability to think of ideas and create solutions. Your ideas and creative energy are probably what made you want to be an entrepreneur in the first place! Lean into these skills through reflection, practice, and training to become a successful entrepreneur. There are many resources available to learn more about becoming an entrepreneur and starting your own business. Here are some to get you started:

Have any questions about entrepreneurship? Text #Jobs to 33-55-77 to chat with one of our advisors. If you're using a mobile device, click here to have the text message set up for you!

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