4806719
Description
Mind Map by holly.verghese, updated more than 1 year ago
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Created by holly.verghese
over 8 years ago
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Skills needed to be a successful entrepreneur
- resiliency - the ability
to weather the ups
and downs of the
business. this allows
the entrepreneur to
keep going when the
outlook is bleak
- focus - entrepreneurs need to be able to
focus on the business plan to make sure
it follows through. They need to focus to
achieve their next goal.
- invest for the long term - they need
to focus on where the business will
be in a few years time and not just
where it is at this very moment. they
need to be thinking about 10 years
into the future and not just the next
2 years.
- being able to manage people in
the correct way and being able
to network and meet the right
people.
- they must be able to be a good sales
person they need to be able to
understand when their customers want
to buy and when they don't want to buy.
They will need to sell their ideas, product
and services.
- entrepreneurs will
always need to be
learning new things
and they will always
need to stay up to
date with the latest
technology,
- self reflection - they will need to
think about their progress and
their future. they will also need
to reflect on their past to see
what mistakes they made and
how they can improve for their
future.
- self reliance-
they need to be
resourceful and
depend on
themselves
- they will need the ability to manage
money, if they can't manage the
money then the business won't be
able to run, because they won't be
able to keep track of their profits and
their loses.
- they will need the ability to raise their money, they will know when to
invest and how. if they know how to invest correctly then they can
make their business a lot of money. however they also need to be
aware of the risks of investing as they could invest in something and
then that business could fail and that could affect your business
- entrepreneurs need to be
active with the online world,
such as social media as they
may use it as a marketing
strategy and they will need
to have technological
knowledge and be up to
date with technology, in
order to keep their business
up and running
- the need to be able to
take a risk, because
sometimes it can
really strike the
business and if you
are to scared to take a
risk then your
business will miss out
on opportunities
- they need to be a good negotiator,
because, you may need to solve
conflict between people but in a
positive manner
- they need to have ethics so
they can lead a happy team
mixed with different types of
people, al of which can help
the business strive
- they will need to have a lot of business knowledge,
because in business meetings people will be using
business terms and if you don't understand them
then you won't understand what they are talking
about and that could affect the business
- they need to have at least a basic understanding
of fincace and the terms, they will need to know
about profit and loss, cash flow and funding
- an entrepreneur needs to be
confident within their business,
because if they are always
doubting themselves then they
are more liking to make
mistakes which will then affect
your business
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