ENTREP WEEK 2

• Entrepreneurial competency - refers to the skills knowledge and qualities that an entrepreneur processes to successfully start manage and grow a business venture
• Competencies - refers to the knowledge skills abilities and behaviors that individuals possesses and are necessary to perform a task or role effectively
• Personal competencies - related to an entrepreneurs personal characteristics and qualities
• Creativity - is crucial for generating innovative
• Interpersonal competencies - how entrepreneur interact and communicate with others
• Effective communication - is essential for conveying ideas and building relationship with employees
• Business competencies - skills and knowledge required to run a successful business
• Risk taking abilities - need to be willing to take calculated risk and manage potential risk
• Out of the box thinking and creativity - need to think outside of the conventional norms and being able to see opportunities
• Problems solving abilities - face numerous challenges and obstacles and being able to effectively solve problems is crucial
• Taking initiative - need to be proactive and take the lead and pursuing their goals
• Persistence - often filled with seatbox and failures and having determination and resilience
• Social skills - effectively communicate their ideas and persuade others to support their ventures
• Business management skills - need to have a solid understanding of various aspects of business management such as financial management marketing operations and strategic planning
• Critical thinking skills - need to have a strong analytical and critical thinking skills to assess market trends
• Not working skills - being able to establish a nurture relationships
• Networking skills - being able to establish and nurture relationships
• Effective communication skills -communicate their vision ideas and goals to different stakeholders articulate thoughts and ideas effectively
• Sales - ability to make sales and drive sales is crucial for entre to set their products or services
• Time management - manage their time to plans
• Communication - strong communication
• Networking - connect with talented workers
• Leadership - to guide and motivate their business teams towards success
• Business manager - overseeing and coordinating various aspect of a business operations
• Chief executive officer (CEO) - the highest ranking executive
• Public relations manager -managing companies image and reputation
• Sales manager - responsible for leading a sales theme and achieving sales targets
• Managing director - high level management