You may not personally be strong in all areas, but you can get by as long as you can delegate tasks that call for them to someone on your team that is.

* Good Communicator

Whether you are communicating by email, your web site, ICQ, web-based forums, or whatever, you (or someone in your organization) need to demonstrate good communication skills - especially good writing skills. Unfortunately, many online communications are very weak in this area. I'm not saying this to be critical, but to point out an area for improvement that we can benefit from by giving attention to.

Since we're all human and prone to making mistakes, our communications may not be flawless, but more clearly and accurately we get our message across - with fewer mistakes in spelling, punctuation, and grammar - more likely our prospects will grasp our message and take desired action, and more professional image we will project.

However, that does NOT mean that we need to try to impress people with complex language. Research has shown that clear, simple language outsells complicated language.

* Calculated Risk-Taker

True entrepreneurs aren't necessarily foolhardy gamblers or risk-takers, but tend to be willing to take carefully calculated risks after careful thought and planning (thereby reducing risk). This is better than dragging one's feet too long, suffering from "analysis paralysis," wasting precious time over-analyzing things.

* More of a Doer Than a Dreamer

Having dreams and aspirations about becoming a successful entrepreneur is all well and good. The problem is, it is much easier to dream than it is to roll up our sleeves and get busy making those dreams come true. Only when we do more doing than dreaming will we ever become successful.

* Persistent

As I've watched new online ventures come and go, and others (including my own) come and GROW, I've noticed that persistence is a key ingredient missing from many failed ones. And some are right on brink of success when they quit!

* Cautiously Optimistic

Problem is, typical Internet entrepreneur is in a race against time: Often snowed under with many things to do, trying to achieve maximum results (income) within precious, very limited time available.

Especially if you're holding down a full-time job while trying to launch or expand your Internet business in your spare hours, you've got precious little time to waste.

If care isn't exercised in way we spend time online, our personal and family life can suffer, not to mention bad financial consequences.

To add to that pressure, family members may resent amount of time spent on our venture, versus limited income it may initially earn.

As author of an audio program on time management, I'm going to share with you some proven time management tips, which have been adapted to running a business online. I can't promise you more than 24 hours in your day, but I'll share practical tips to help you work smarter and more profitably online - instead of longer or harder.

Two primary keys to making most of time we spend online are:

A) Being selective, and

B) Staying focused.

We must be SELECTIVE, because there are an infinite number of things we can spend our online time on, which will not yield productive results.

We must stay FOCUSED, because any of an infinite number of things can easily distract us from getting more important things done.

That brings us to first step of effective online time management...

1) Set Goals

If you don't know what your final destination is, how can you ever take action toward getting there? Hence, need to set goals.

The goals you set for your online business will vary, based on which stage you're at and which direction you want to go from there. It helps to write your goals down and periodically review them. Many feel that this better enables your subconscious mind to help you work toward your goals.

2) Keep and Use a Prioritized To-Do List

Keeping lists may seem simplistic, but most productive top-achievers are typically methodical users of To-Do lists.

Be sure to rank each task on your To-Do lists by priority, such as high, medium or low. As you tackle items on your list, always tackle highest priority tasks first, and those of lower priority as time allows. Obviously, your highest priority tasks will correspond with achievement of your highest priority goals.

I've found that a 3-ring binder kept near my computer is a good place for organizing To-Do lists, project notes, and other frequently used online information, within easy fingertip reach.