The basic skills include:
- product or service knowledge as it relates to your business type
- record keeping and creation of financial statements
- financial management, including breakeven analysis
- personnel management if you have employees
- marketing and market analysis skills
- legal structures
- federal, state and local taxes
- communication skills
- knowledge of city and county ordinances that may apply to your business
In addition to these technical skills, it is most important to have a willingness to learn, adapt, and make changes in a timely way.
