BDI3C1. Entrepreneurial Skills Working with a partner, create a list of skills that you believe are key to an entrepreneur’s success. Be prepared to share.

BDI3C1

Entrepreneurial SkillsWorking with a partner, create a list of skills

that you believe are key to an entrepreneur’s success.

Be prepared to share your answers.

Entrepreneurial SkillsThe skills that an entrepreneur possesses can

typically be divided into three categories:

1.Interpersonal Skills2.Critical and Creative Thinking Skills3.Practical Skills

1. Interpersonal SkillsAbility to talk to others, especially

those different from ourselvesAbility to listen and understand what

others are sayingMotivating othersEncouraging othersNegotiating and resolving conflictsCaring

2. Critical and Creative Thinking SkillsAbility to solve problems by evaluating a

variety of solutionsConfidence to make a decision and act

upon itAbility to set goals, plan how to

achieve them, and carry out the planKeeping records and being

accountable for all actions undertakenAbility to generate ideas and identify

opportunities

3. Practical SkillsAbility to follow instructionsKnowledge of specific tools in the

business (eg. Computer literacy, ability to work with very small objects, etc.)

Strategies for SuccessEntrepreneurs should:Think before actingConsider a problem from different

perspectivesResist the pressure to conform

Strategies for SuccessThe business should:Challenge the entrepreneur’s abilitiesAllow for the use of creativitySuit the entrepreneur’s personalityBe compatible with the entrepreneur’s vision

of him / herself

GoalsGoals – something you strive for in life

Targets you set for yourself to accomplish or achieve something

2 Types: Short Term & Long Term

Short-Term Goals

To be achieved right away or in the near future. (6 months or less)

Eg. Grocery shop or mow the lawn in the next 2 days.

Long-Term Goals

To be achieved in the distant future (10 years or less)

Eg. Buy a car in 2 years.

GoalsYou can use short term goals as stepping stones to

accomplish long term goals:

Examples:

Save $5.00 a week Buy an iPod in 6 months

Jog three times a week Lose 10 pounds by end of year

Devote 1 hour each night to homework Achieve high school diploma in 4 years

Characteristics of Goals

1 – A goal must be expressed in specific terms. Identify what is to be achieved.

2 – A goal must be challenging, yet realistic and attainable.

3 – A goal must have a target date or involve a time span of some sort

4 – A goal must be flexible in case you change your mind about what you want to achieve.

SMART GoalsAlways try to set goals that are “SMART”

S - specific M - measurable A - attainable R - realistic T - timeline