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Entrepreneurs & Enterprise Skills - Coggle Diagram
Entrepreneurs & Enterprise Skills
Entrepreneur - is an individual who operates, organises and assumes the risk for a business venture. They take the risk of starting a new business
Important enterprise skills
Making connections
Important to thing through the implications of key decisions
One decision or idea leads to another
Mind maps useful way of capturing the thinking
Leadership
Need to be seen to be leading from the front
Persuasive and decisive
Need to convince others
Good judgement
Decision making
Little room for being indecisive
Decision often taken using incomplete information & gut feel
Important to be able to recognise when things are going wrong and act
Not much room for committee style decisions
Planning
Put together a realistic business plan
Have a view of strengths and weaknesses of the business
Anticipate future problems and risks
Revise plans to take account of actual events
Successful entrepreneurs are
Energetic and driven
Self - starting and decisive
Visionary
Passionate
Calculated risk takers
Multitasker s
Resilient
Focused
Results orientated
Considerations
Do i have a clear idea / vision
Can I afford to fail
Am I determined to making the business work
Is the business plan realistic