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Tuesday, 28 July 2020

Business study: Entrepreneur why these skills are important


Complete the table by explaining why the skills are important for an entrepreneur. The first is done as an example for you.
Skills
Reason the skill is important for an entrepreneur
Planning
To track how the business is going from month to month; some businesses might have different needs at different times of the year.
Financial
Financial planning helps you determine your short and long term financial goals and create a balanced plan to meet those goals.
Administrative
Administrative skills are important because they keep business processes running smoothly. 
Marketing
Marketing is important because it allows businesses to maintain long lasting and ever present relationships with their audience.
People
“The people” are important because they determine the customers experience. 
Communication
Being able to communicate is most important of all life skills. It is what enables us to pass information to other people, and understand what is said to us
Which of the skills above do you think is the most important? (Highlight them in your table). Explain your answer:

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