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Business skills - Assignment Example

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Businesses always grow, and it requires businesspersons with necessary skills to take the business to another level. Most businesses in the world that are small are the sole proprietorship…
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Download file to see previous pages This paper will provide how the entrepreneurial mindset would add value in the business environment(McGrath, 2000, p. 244).
A good mindset should set its ambition for achievement. By doing this, they are setting their standards high and have an ambition to achieve. Their mindset should be forward looking. Looking forward will show the way the business has still to follow. The business mindset should be self-sufficient. Owners have to accumulate the necessary capital to sustain the business. Furthermore, the business mindset has to be optimistic(JM Haynie, 2010, p. 87). The mind has to see an advantage rather than a disadvantage for venturing into business. To achieve higher, the business has to be task and result oriented. The management should define to the employees on what the business wants. All employees, either the manager or cook should be restless and energetic. A hardworking workforce can attain any level of profit realization. Managers and supervisors have to be observant of the situation of the businesses(Hitt, 2001, p. 80). They should keep all employees on track and ensure they produce the best. A self-confident businessperson is destined for success. They should fear no competitor and have the ability to participate in risk-taking ventures. The businessperson should also be persistent. He has to be determined to achieve anything. A business dedicated to completing a task would achieve higher in the end.
The trait of independence is very important in businesses. The operators of these businesses should do things their own(Mauer, 2009, p. 98). Thus, they have to demonstrate that they enjoy conducting unconventional things. Thus will be their beginning of success. Being independent is working alone. Businesspersons should not involve family members or friends in running a business. Working independent will demonstrate the real potential of the business. In the market, there are forces that diverge attention of most entrepreneurs. They lure ...Download file to see next pagesRead More
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