Being an entrepreneur is not an easy task, and it is even more challenging for the LGBTQ community. However, with the right skills, anyone can succeed as an entrepreneur, regardless of their sexual orientation or gender identity. If you’re trying to do the same, here are five skills you need to have.


As an LGBTQ entrepreneur, you may face additional challenges and discrimination that your straight, cisgender counterparts do not experience. It is essential to have the ability to bounce back from setbacks and persevere through difficult times. Building resilience involves developing a strong support network, setting realistic goals, and having a positive attitude. 

This means that you should surround yourself with people who will support and encourage you, whether they be friends, family, or a support group. Setting realistic goals helps you to focus on what you can achieve and not get discouraged by what you can’t. And having a positive attitude will give you the energy and motivation to keep going, even when things get tough.


The business world is constantly changing, and it is essential to be able to adapt to new circumstances. This skill helps you to be open to new ideas and to be able to pivot when necessary. As an LGBTQ entrepreneur, you may face unexpected challenges, so it is important to be able to adapt and find creative solutions. 

So, you should be open to new opportunities, be willing to change course when necessary, and be able to think outside of the box. By being adaptable, you can take advantage of new opportunities and overcome unexpected challenges. You also need to be able to do everything, from creating a marketing campaign to learning how to write a business case, so start gathering some more info on these topics ASAP!


Building relationships is crucial for any entrepreneur, and this is especially true for LGBTQ entrepreneurs. Networking allows you to connect with potential customers, partners, and mentors. It can also help you raise awareness about your business and gain visibility in the industry. 

Therefore, you should actively seek out opportunities to meet other entrepreneurs and business people, whether it be through networking events, online groups, or even just by reaching out to people you admire in your industry. Building strong relationships with people in your industry can open doors that you never thought possible.  


Understanding your strengths and weaknesses as an entrepreneur is crucial for success. Self-awareness allows you to leverage your strengths and improve upon your weaknesses. It also helps you to understand how your identity as an LGBTQ person may influence your business and how to navigate any challenges that may arise. 

Take the time to reflect on who you are as an entrepreneur, what you bring to the table, and how your identity may impact your business. By understanding yourself better, you can make more informed decisions and be more prepared for the unique challenges that you may face as an LGBTQ entrepreneur.  

Emotional Intelligence

Emotional intelligence is the ability to understand and manage your emotions and the emotions of others. This skill is essential for building and maintaining relationships, communicating effectively, and resolving conflicts. As an LGBTQ entrepreneur, you may have to navigate sensitive conversations related to your identity, and emotional intelligence will help you to do so in a calm and professional manner. 

This means that you should be aware of your own emotions and how they may be impacting your interactions with others. It also means that you should be able to read and understand the emotions of others and respond in a way that is respectful and constructive.


It is important to note that these skills are not only beneficial for LGBTQ entrepreneurs but for all entrepreneurs. However, for LGBTQ entrepreneurs, these skills may be even more crucial as they may face additional barriers and discrimination in their entrepreneurial journey.  In addition to these skills, it’s essential for LGBTQ entrepreneurs to surround themselves with a supportive community. Joining LGBTQ-specific entrepreneur groups or networking events can provide valuable knowledge and relationships that can boost your business.