Week 5 Group Summary Starting a business is a difficult task and one that will call upon the business owner to possess or learn the skills necessary to make his or her dream of business ownership a successful reality. The entrepreneur must understand and be able to apply these skills on a daily basis, in every aspect of the business. A business owner’s leadership abilities, management style, selection of employees all influence the success of a business. An entrepreneur must take on the role of leader and manager if he or she desires to provide the best possible opportunity for an organization’s success. Of all of the skills a business owner must have, leadership if the most vital. Nevertheless, management skills allow the business owner to accomplish the goals of an organization in a helpful and well-organized manner using planning, organization, leading and controlling of the resources used within the company. Scarborough (2012) states, “Leadership is the process of influencing and inspiring others to work to achieve a common goal and then giving them the power and the freedom to achieve it” (p. 636). An entrepreneur’s attitude and ability to create an atmosphere that allows an employee to perform is an important role in the success of the organization as a whole. Management is different from leadership in that it involves coordinating and motivating people using planning, organizing, and leading. Management skills allow the business owner to ensure that vendors are paid on time and resources are available for use in creating the company’s product or service that provides the resources for survival of the business. Daft (2012) stated that, “planning is concerned with defining goals for future performance and how the company attains them” (p. 8). Allocation of resource skills belong to the organization skill-set of the business owner.