Skills The Business Requires
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Do I have them?
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1)
Marketing- marketing skills are needed as without
marketing the business cannot generate profit. Marketing is including
promotion of the business.
2)
Finance- managing the business money on what is being spent,
as the business needs to know about cash flow, money coming in and going out
of the business. Finance includes the price of the products and expenses of
the business.
3)
Customer-Service is about providing excellent service will
attracts more customers to come to my business.
4)
Human-Resource Management to manage the number of staff
needed and recruiting the appropriate candidates with the right skills which
is very important to make the business run successfully.
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As I
am studying a business. I have a fully idea about marketing and what the
business is needs to be well- known. However, for my business I need to have
a marketing department to carry out all promotional offers.
I
still need more time to have this skill, therefore for my business I need to
have accountancy as I don’t have experience to manage finance.
As I am friendly and reliable I
have a good relationship with my friends and family. Therefore this is will
help me to provide an excellent customer service as they can help me to start
up my business.
As I don’t have the right human
resources skills, In the main time I will recruit some friends and members of
my family to help me to run the business as I can pay them small amounts of
salary until my business become famous.
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·
My personal strengths
My personal strengths are: well-organised, helpful, quick
learner, friendly and trust worthy. Well- organised is very useful skill which I
have in my personal life as well as in college and for my future career.
·
My personal weaknesses
My weaknesses are: my confidence, presentation skills and
math. Therefore I have to work in order to improve my weaknesses.
·
Skills and abilities I do not have
The skills and abilities that I don’t have are: marketing,
HR Management, Accounting and Finance. All these skills are important for my
business. The reason for this is I need to have these skills in order to be
able to run my business successfully, at the same time when I have these skills
I t will help me to reduce my expenses on hiring staff to do the work for
me.
· How I will compensate for those weaknesses
I will compensate for the
weaknesses by using a wide range of sources to improve my presentation skills.
At the same time I need to try speaking loudly and being more confidence. Also
I need to pass my GCSE Maths therefore I will practice more by using a pass
paper.
· What I will do about each of those missing skills and
abilities
For each one
of my missing skills and abilities, I will work towards it in order to improve
it. The table below shows my ranking of the different skills that I need to
develop, the green boxes show the skills that I am good at, the orange boxes
show the skills I need to improve and the red boxes show the skills which I am
not good at.
