Enterprise Skills Analysis Essay Example

style="text-align: justify">Risk Taking Enterprising people are not fearful towards their own failure. They now that being able to recognise your own personal failure is important . They try to get as much valuable lessons from mistakes they have made and will mostly be fine with telling someone about their failures. Taking risks are one of the things that make enterprising people stand. Their abiliy to take on any challenge and try their hardest even if achieving the goal is inevitable.

Identifying and Taking Advantage of Market Opportunities. Enterprising people able able to spot out various ways to meet customer needs and due to their self motivation and risk taking, they are able to take advantage of these opportunities. To be able to tke advantage of the market people will have to create something never seen or very rare in the customer needs across a range of markets. With their skills enterprising people are able to go on with ideas they have because they don't mind making the mistakes and are also motivated by themselves. Many of enterprising people like this have received large profits in return for their ability to identify and take advantage of the market opportunities. This is one the most difficult skills to find in an entrepreneur. Its mostly either a natural talent or acquired throught year of working in a particular industry.

Ability to innovate Those with enterprising skills have the ability to innovate. These means that they are able to look past the original sides of things and find out more to improve it. Innovation in an enterprising person means that the person will always be looking to

improve things that they see and this is very useful for business because the business will be able to create new ideas that are unknown and they could make money from putting this idea into an already established good or service to make a large amount of profit and to fill in a missing gap in the market. This is linked to the ability to identify and take advantage of market opportunities. This is because it means that the market opportunities will be identified and with the ability to innovate new ideas on how to improve the good or service will be in existence. This involved being highly inquisitive and always asking continious questions.

Ability to build teams and inspire A good skill used by entrepreneurs is them sharing their ideas or personal knowledge with other people. Though enterprised people may have the skill they may not always have what they need to complete their business idea so if they have support from other people then it will be eassier for them to achieve a goal. Thougjt self-confidence and independence are very strong parts of being entrpreneurs the ability to identify and make use of other people's skills are very important in the success of a business. Successful entrepreneurs have an ability to lead and motivate a variety of people and their personalities. They must also share enthusiasm and project ideas.