• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

skills to run a business

Extracts from this document...

Introduction

Skills Introduction: As my business is a convenient store so I need management skills some of these are contacting suppliers, providing customer services and looking for the best investments in the business to make sure I survive in the competition war. Skills needed to run my business: The main skills required to convenient store are to be able to see what could be a potential benefit towards the business. To find these you need to be good with communicating wither its talking to a angry customer or if your ordering stock by supply on demand. Another skill needed is IT as you need to update flyers and promotional offers by computer; these must be done professionally unless they are made by hand for in-store proposes. Some other skills required: * Maths: to run any business you must have maths skills you need these from working out when you will have you break-even point to working out your revenue. ...read more.

Middle

I should also consider what budget people would think its good value for money. Skill needed to run a sole trader business The main skill needed for all the sole trader businesses are to be self esteem and self confidence. This means that a person running a business should be able to start a business by him self as no one else will help be there and also to be confidence in what you do and think. In sole trader business a person should know how to manage there day to day business including: * Finance: when running a business person should know where to invest profit and what to do during debt. This also includes limited liability. This means that what a business is going to do when it goes in debt and you can't pay the loan. ...read more.

Conclusion

* I have social skills. I can speak in non-violate language and behaviour. * I can communicate in three two other languages which is Hindi and Guajarati. * I also have skills to be creative so I can design my store to be attractive. There other skills I need to learn are as follows: * I need to learn how to speak in proper ascent and fluently in English. * I need to have more knowledge of products I am going to sell so that I can answer if any of my customers ask. To improve these skills I have decided to take classes so that I can learn to speak English fluently and to get knowledge of products I have decided to get information of internet. Conclusion From this unit of course work I have concluded that there are many types of skills require to run a sold trader businesses and to run a corner shop. I have also stated the skill I have and skills I need to improve and how. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Business, Companies and Organisation, Activity section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Business, Companies and Organisation, Activity essays

  1. Human Resources Management

    They will do this on the basis of past, present and future requirements. Work study techniques: Work study specialists work out how long various jobs take using available machinery and equipment. If Ford is aware of their sales then they can easily calculate the numbers of employees are required and the hours they will need to work in the company.

  2. Business Studies Edexcel Coursework

    A leaflet holds an ample amount of information about the company, such as current special offers, the goods and services that Errol provides, and the location of his business. This is why I chose the leaflet over the business card - it is able to hold more information without looking too cluttered as it is a bigger medium.

  1. Tesco Research

    This is Tesco method used to differentiate its product from its competitors who are our threat in the market, Asda, Sainsbury's, and Morrison. Tesco sells its product cheaper than its competitors that raise profit by using the above slogan. Channel choice The communication channels that the brand is to be advertised should well suit the purpose of the promotion.

  2. English for business

    Imagine that you are interested in applying for a job. And you have come across the following advertisement. Read the advert and write two more. Sdk International Has an immediate career opportunity in your city: SALESMAN Candidates should have excellent verbal communication; skills in both English and Romanian, strong personality and creativity and age should be under 30.

  1. Applied Business Unit 1

    Asda's human resources department is in charge of keeping staff training records, supervising the procedures for applying for training and monitoring the training budget. External training events at Asda are analysed by receiving feedback from employees so the most popular and appropriate training sessions are noted and repeated and while unsuccessful events are reviewed for further improvement.

  2. Business Studies

    interest rate Term loan > Loan that has a period of repayment over 12 months Leasing > Business lease non-current assets > Reduces the cost of acquiring these assets > Agreeing to an on-going regular payment Factoring > Can be used to improve cash flow using unpaid account Venture capital

  1. Business studies - Business Plan

    new machines and getting repairs done and paperwork, I get distracted but I will be following an idea I am passionate about so this should not be a problem. I get on well with other people and this will be a key part as I will be around people all

  2. n this unit, I will be investigating two businesses namely, Boots and Pwc and ...

    Not forgetting that it has joined up with Opticians and, that they provide dental care and other exclusive wellbeing services. Overall, boots has two main core businesses which are Boots Healthcare International and Boots The Chemists Ltd. Boots sells its products to customers who are, people from the general public, wanting to buy anything to do with hair and beauty.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work