Skills

• Communication

  Team working

  Problem solving

  Organisation

  Numeracy

  IT
• communication- •Entrepreneurs need to be good communicators

  •They may need to write exciting product descriptions on their websites

  •They may have to talk to customers or clients fact to face or on the phone

  •They may need to negotiate deals with suppliers
• team working- •An entrepreneur may decide not to work alone but as part of a pair or a team

  •Working with others has advantages and disadvantages

  •The advantages are that there are more ideas and more capital in the business

  •The disadvantages are that there can be conflicts and profit has to be shared
• problem solving- Entrepreneurs will come across many problems when setting up and running their business, they will need to be good at working out cost effective solutions that help to move the business forwards.
• organisation- •Entrepreneurs need to be organised

  •When first staring the business they will have to develop a range of systems for dealing with enquiries, suppliers and orders from customers

  •They may need to buy stock, sell to customers, make products all in the same day, which takes organisation skills
• numeracy- •They will need to complete their own tax returns when they first start

  •They will have to balance sales books, keep records of goods and services purchased to keep the business running
• IT skills are required for example for web designs