Having a true passion for the business you are managing is very important for your success. But passion alone is not enough. You also need core business skills to properly launch your organization and survive over the long term. If you plan to hire people to help run things, you need communication skills, leadership skills and an understanding of how to motivate and reward employees.
There should be a clear strategic vision for the company and an ability to make informed management decisions based on research and analysis of the market, the competition and any other internal or external forces that can impact your business.