Entrepreneurial Skills
Skills are considered as the personal abilities to do things well. They come from the totality of the knowledge, practice or experience, and aptitude of a person.
Skills are acquired and developed by a person through constant and correct practice. They connote dexterity, excellence, and expertise in the performance of particular tasks.
Entrepreneurial skills refer to the set of cognitive, technical, and interpersonal skills required in the practice of entrepreneurship.
Cognitive Skills refer to the mental ability of the entrepreneur to learn new things, generate new ideas, and express knowledge in both oral and written forms. The human brain is responsible for the development of cognitive skills, which are essential in making systematic and effective plans and monitoring them.
The cognitive skills of an entrepreneur include the following:
1. Ability to understand written materials
2. Ability to learn and apply new information
3. Ability to solve problems systematically
4. Ability to create new ideas
5. Ability to innovate new products and procedures or methods
Technical Skills refer to the knowledge and proficiency in a specialized field like computer technology, accounting, marketing, operations research, engineering, medical fields, or other related technical fields.
The technical skills of an entrepreneur include proficiency and ability, among others, in the following areas:
1. Information technology
2. Feasibility study and business plan preparation
3. Technical writing skills
4. Marketing
5. Management and finance
In the absence of the technical skills, the output of the cognitive skills may not carry any significant value. Without the technical skills, an idea will remain to be an idea and a business opportunity will remain to be a business opportunity.
Interpersonal Skills are basically about the relationship and interaction of the entrepreneur with the workers, suppliers, creditors, prospective customers, and other members of the business community
The interpersonal skills of an entrepreneur may include, among others, the following:
1. Skills in verbal communication
2. Skill in non-verbal communication
3. Skill in listening
4. Skills in leading
5. Skills in negotiating
Skills are acquired and developed by a person through constant and correct practice. They connote dexterity, excellence, and expertise in the performance of particular tasks.
Entrepreneurial skills refer to the set of cognitive, technical, and interpersonal skills required in the practice of entrepreneurship.
Cognitive Skills refer to the mental ability of the entrepreneur to learn new things, generate new ideas, and express knowledge in both oral and written forms. The human brain is responsible for the development of cognitive skills, which are essential in making systematic and effective plans and monitoring them.
The cognitive skills of an entrepreneur include the following:
1. Ability to understand written materials
2. Ability to learn and apply new information
3. Ability to solve problems systematically
4. Ability to create new ideas
5. Ability to innovate new products and procedures or methods
Technical Skills refer to the knowledge and proficiency in a specialized field like computer technology, accounting, marketing, operations research, engineering, medical fields, or other related technical fields.
The technical skills of an entrepreneur include proficiency and ability, among others, in the following areas:
1. Information technology
2. Feasibility study and business plan preparation
3. Technical writing skills
4. Marketing
5. Management and finance
In the absence of the technical skills, the output of the cognitive skills may not carry any significant value. Without the technical skills, an idea will remain to be an idea and a business opportunity will remain to be a business opportunity.
Interpersonal Skills are basically about the relationship and interaction of the entrepreneur with the workers, suppliers, creditors, prospective customers, and other members of the business community
The interpersonal skills of an entrepreneur may include, among others, the following:
1. Skills in verbal communication
2. Skill in non-verbal communication
3. Skill in listening
4. Skills in leading
5. Skills in negotiating