Personal Development: The skills needed to run the business successfully Essay

P3 Describe the skills needed to run the melodic line successfully and what areas require further personal development In this task I would be describing close to of the skill to run a occupation successfully and what areas require further personal development as this all important to run through to be a good sole trader.Own ContributionThis is one of the many important things to fork up to run a crease well .This is because I am the cookr of the pipeline as the leader of the pack I would have to put extra time into the work , stay behind after work to empty extra work , give me staff extra training if they need it . These little things can sponsor the business move forward faster and also it helps me as I agnise what I am doing is right for the business if I want the business to succeed.Technical/OperationalTechnical can be very effectual as it save time and money. I am very skilful a using the computer I can fix problems very easily on the computer, I am also very go od using the basic things like Microsoft word, PowerPoint and publisher this program is very useful as it lets me create leaflets which saves me money as I shamt have to ask other(a) business to create leaflets for me as I know how it is put one acrosse. I also know how to create a data base which is very helpful as it stores all the information.Product KnowledgeProduct intimacy is information that I know about my products, for physical exercise I have the product cognition of salsa and knowledge of the product is how its made, ingredients and factors such as these. That is what product knowledge. This is important to me because I am the owner of the business I will need to know how to make them and how long to keep them heated or cold, moreover another importance of knowing this skill is that if any customers asks about the product I should be able to tell them because they might be allergic to something m so if I know the product I could tell them information about the produ ct.Management abilityManagement ability is a skill that a business owner should have in order to run a business also management ability requires controlling and organisingthe business well, without management ability the business wont go the right direction. This skill is important because without having any management skills, it will be hard to manage the business and organise it well also without this skill it will be hard to manage the other employees, and make for sure all the bills and everything has been paid in order to have all these things done right on you need have the management ability.Recording and checking business murderRecording and checking business mental process is when the business checks on all the financials records and makes some records from other department too furthermore this is when a person checks on the business making sure everything is going smooth without any errors. This skill is important because without checking your business performance you wont know in which areas to improve on. If you dont check your business performance you wouldnt know what things are going wrong and right in the business and this will take to be that you wont know what to improve or change it the business.Personal merchandisingPersonal selling is having direct contact with my customers and also involves direct contact with the customers and assessing their needs and suggesting suitable product or usefulness solutions, which would help the customer out. This skill is necessary for my business because I am a sole trader so having love in this would help a lot because I will have to be selling desserts to my customers and making sure that they are satisfied with the product and service they are receiving. I dont have personal experience in this skill and I will need to learn. political scienceAdministration is what provides support for businesses operations. This involves keeping records and communicating with external groups such as customers and suppliers by sending earn and invoices and arranging payment. This skill is necessary for my business because I will need it to keep the business unionised and to make sure that things dont go wrong. do not have personal experience in administration and need to gain some experience.Previous ExperienceI do have previous experience working for a restaurant however I was able to get some experience in how to talk to customers properly and in a polite way to make sure they are satisfied with the service/product that they are receiving.Strengths and weaknessesI have a couple of military strengths and these are I can take risks and good at IT. Taking risks will help me in my business because it is always good to take risks because without taking them you might never know, it could end up good for my business. An example is that I could invest more in better packaging for my customers that like having take-away because this will fork up them that my business is caring for the customer s. However if I did not take that risk of investing a number more in it, I would have never found out if it would work or not. My strength in IT will help me a lot because I will need this skill for creating hard cash flow forecasts and even a break even forecast. This will save me money because I would have to hire someone else to do it for me as I have the skills to do it. My weaknesses are that I dont have any skills in administration yet.