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4888680
The skills needed to be a successful entrepreneur
Description
Mind Map on The skills needed to be a successful entrepreneur, created by Rosie Wallis on 17/03/2016.
No tags specified
entrepreneurship
business studies
business
Mind Map by
Rosie Wallis
, updated more than 1 year ago
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Created by
Rosie Wallis
over 8 years ago
319
9
0
Resource summary
The skills needed to be a successful entrepreneur
Self relection
Are you able to reflect on your own personal performance in the business?
Completing SWAT analysis to establish room for improvement and areas of success
Identify where the business is going well
Identify the weaknesses in the business
Leadership
Managing a team
Ensuring everyone knows their job role and responsibilities
Running the business as a whole
Ensure the business runs smoothly and efficiently
Management
Employees
Assigning tasks & goals
Ensuring all staff know their responsibilities and the expectation
Business concept
Where do you plan to take the business in the future?
Political responsibilities
Recording and monitoring of performance
How well is the business doing?
Turning profit?
Breaking even?
in its market and against its' competitors?
What resources are coming in and out?
How much of each?
Human resources & staff management
Maintaining the well being of staff
Hiring staff
Payroll
Knowing and enforcing the employment legislation
Implementing human rights
Setting goals
Communication
Be able to deal with all manners and types of people in different situations
Listen & interact
Employees
Clients
Advice
Strong supply chain
Technical
Use of tools & equipment
Management and maintenance of website and online store
Administation
knowing dates
Ensuring you file tax returns
Registering business
keeping records of money in and out
Keeping record of purchases, receipts, invoices
Know your market
Understand your competitors and what you are up against
Financial knowledge
Manage cash flow
Monitor cost price, selling price and margins
Business plan
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