Enterprise Skills

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Enterprise Skills
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Skill

• Is something that you learn over time with plenty
  of practice.
• Examples include reading, writing, listening,
  communicating..

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Enterprise

• Is the human ability to be innovative and
  proactive in life.
• When you are willing to do something new and
  challenging with the possible risk of failure.
• An enterprising person is dynamic, hardworking
  and motivated.

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You can be enterprising in

• Home DIY home improvements
• Leisure do a sponsored walk
• School Greenschools, mini-company, fundraising
• Community Tidy Towns
• Government Create jobs, reduce waste
• Work Intrapreneurship, good customer care
• Business new ideas, problem solving

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Enterprise Skills

• Motivated
• Independent
• Innovative/creative
• Confident
• Risk Taker
• Decisive
• Realistic

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1. Motivated

• Will push themselves to achieve their goals.
• They are determined to do well.
• They thrive on the challenge to succeed.
• Example When Mary was made redundant she decided
  to start her own business.

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2. Independent

• Entrepreneurs like to be in charge/control of the
  situation.
• They like working for themselves.
• They dont like being told what to do.
• They can rely on themselves and dont need other
  people to motivate them.

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3. Innovative/creative

• Entrepreneurs are good at thinking of new ideas.
• They are creative and constantly looking for ways
  to improve their business.
• They can spot an opportunity (gap) in the market
  and fill the niche.

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3. Innovative/creative

• They think outside the box.
• They have a vision for the future.
• Example Anita Roddick set up the Body Shop as
  she felt there was a need for cosmetics not
  tested on animals. She also pioneered Fair
  Trade.

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4. Confident

• They have a strong sense of self-belief and
  conviction about their own business idea.
• They have a high self-image.
• They are positive in their approach to business
  looking for solutions rather than problems.
• This all helps them to convince investors.

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5. Risk Taker

• They are not afraid to take a personal and
  financial chance in their business.
• They are not afraid of failure.
• They take calculated risks.
• High risks high return
• Low risk low return
• e.g. Richard Branson competing against Coke with
  Virgin Cola.

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6. Decisive

• They have the ability to make quick clear
  decisions so as not to miss a business
  opportunity.
• They dont keep changing their mind.
• They take full responsibility for the actions and
  decisions they make.
• e.g. Eddie Rocket deciding to expand through
  franchising.

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6. Decisive

• Entrepreneurs learn how to make good choices
  rationally quickly as follows
• Analyse the problem or opportunity.
• List all possible solutions.
• Go through advantages disadvantages of each.
• Pick the solution with the most advantages.

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7. Realistic

• Entrepreneurs see situations as they really are
  and not as they might like them to be.
• They realise when things are going wrong and do
  not fool themselves into thinking otherwise.

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Recap and Review

• What is a skill?
• In what ways and in what situations can a person
  be enterprising?
• List and explain the skills of an enterprising
  person