entrepreneurship skills 4

Question 1

attitude

Answer 1

An attitude is a way of thinking or feeling about
something.

Question 2

attitude of employee vs employer

Answer 2

The attitude an entrepreneur has is different from
that of a wage employed person. A wage employed person
has to do one’s job and not worry about the company.
But the entrepreneur thinks and acts differently. The
person not only thinks about one’s work but also about
the work of one’s employees and the work required for
the growth of the company.

Question 3

Decisiveness

Answer 3

Decisiveness is the ability to make profitable and
quick decisions.
Decisiveness becomes the most important attribute
while setting up a business venture. It is about identifying
an opportunity and acting on it. An opportunity is a
chance to do something, generally, the right time or
moment to do something.

Question 4

initiative

Answer 4

Initiative is the ability to take charge and act in a
situation before others. Once you have decided what
you want to do, the next step is taking action

Question 5

Interpersonal skills

Answer 5

Interpersonal means dealing with relationships. It
is between two or more persons. Interpersonal skills,
thus, mean the competencies required to work with
other people.

Question 6

Some ways to
do Interpersonal skills are as follows.

Answer 6

• Listening
• Body language
• Positive attitude
• Stress management

Question 7

Perseverance

Answer 7

Perseverance is the ability to continue to do something,
even when it is difficult.

Question 8

Organisational skills

Answer 8

Organisational skills refer to the ability of making
optimal use of one’s time, energy and resources to achieve
one’s goals.

Question 9

Time management

Answer 9

Time management is the process of planning and
following a conscious control of time spent on specific
activities.

Question 10

Time
management includes the following

Answer 10

1. Planning well
2. Setting goals
3. Setting deadlines
4. Giving important work responsibilities to
   other people in a team
5. Conducting the most important tasks first

Question 11

goal setting

Answer 11

A goal is somewhere we want to reach. It is the aim or
result that we want from an activity.

Question 12

Efficiency

Answer 12

Efficiency is the ability to do things well, successfully,
without wasting time. In the second round of the game,
you would have utilised the abilities of your team
members better.

Question 13

Managing quality

Answer 13

Managing quality in a business means setting and
maintaining a standard of excellence for products or
services being provided to customers.