Entrepreneurship requires many skills, from financial planning to human resource management, and it’s at times both intimidating and frustrating.

Fortunately, if you’ve got a good idea and the commitment to making it work, most of these skills can be picked up along the way. Throughout the course of your business ownership, you’ll make mistakes, learn valuable lessons, and gain experience that teaches you these skills over time.

Unfortunately, this style of learning can sometimes come too late. Some skills need to be learned early on, or else their absence could spell a tragic fate for your business.