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• Systematic Planning: Successful entrepreneurs decide future course of action keeping in mind the goals to be
achieved. They believe in developing relevant and realistic plans and ensure proper execution of the same in pursuit
of running a successful enterprise.
• Efficiency: Many entrepreneurs are always keen to devise new methods aimed at promoting efficiency. They try and
create new methods that aim at making working easier, simpler, better, and economical.
• Information Seeking: A successful entrepreneur always keeps his/her eyes and ears open and is receptive to new
ideas which can help in realizing his goals. He/she is always open to consult with experts and mentors to get the
right guidance and advice.
• Persistence: An entrepreneur is never disheartened by failures and keeps trying, adapting and iterating to overcome
obstacles that come in the way of achieving goals.
• Negotiation skills: Negotiation skills for entrepreneurs are critically important to business success. There a number
of scenarios where an entrepreneur's negotiation skills come into play such as supplier relations, customer sales,
employee hiring, securing investors etc.
• Team Building: Team building is any action or method that brings a group of individuals together and motivates
them to work cooperatively as a team. It refers to the various activities undertaken to motivate the team members
and increase the overall performance of the team.
Reboot
Match the situations to the type of attitude that an entrepreneur is showing. [NCERT]
Situation Attitude
a. Aamir has been an entrepreneur for 15 years. His business (i) Decisiveness
has a culture, where people working with him are free to give
feedback on his work and share new ideas for the business .
b. Shanaya wants to start a sweet shop. After speaking to some (ii) Taking initiative
people in her area, she finds out that nobody sells healthy
sweets. She decides to make non-fried sweets.
c. Malvika has a book selling business. One day, a shipment (iii) Interpersonal skills
of her books gets lost. This creates a lot of problems for her
customers. She apologises to them and works hard for two
days to get a new shipment by the next day.
d. Archana wants to start a 24x7 medical shop in her village. (iv) Perseverance
However, she does not know anything about medicines and
has doubts about her selling skills. After talking to some
people, she realises how important it is. Finally, she works with
a pharmacist to set up a medical store.
Entrepreneurial Skills-IV 95

