Skills of an Entrepreneur

To be a successful and ideal entrepreneur, one should have certain qualities or skills as given below.

Ability to organize: He should be able to organize various factors effectively. He has to understand all the aspects of the business.

Professional approach: He should be objective and professional in approach.

Risk bearer: He should be risk taker. He should be ready to bear risk and uncertainties.

Innovative: Organizer should be innovative. He should adopt modern techniques of production. He should not be reluctant to changes.

Decision Making: One has to take right decision at a right time by showing his promptness. Quick decisions are expected but hasty decisions shouldn't be taken. Delay in decisions may increase cost of project and reduce the profits.

Negotiation skills: Businessman regularly comes into contact with various persons like consumers, workers, government officials, etc. so he should communicate tactfully.

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