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    After reading Anuj’s story, you realise that perseverance can be built in the following ways:

               • Never giving up when faced with a difficult situation
               • Working hard to achieve your goal
               • Learning from failures
            4.9.4 Organisational Skills

            The capacity to make the best use of one’s time, energy, and resources to attain one’s goals is referred to as organisational
            skills. Improving these organisational skills helps an entrepreneur become successful. The following are examples of
            organisational skills:
            Time Management
            Time management is the practise of planning and maintaining conscious control over the amount of time spent on
            specific activities. It is the capacity to make good use of one's time. Time management entails the following tasks.
               • Thorough planning
               • Goal-setting
               • Establishing deadlines
               • Delegating significant work tasks to other members of a team
               • Prioritising the most crucial activities

                                               Setting Goals
                                               A goal is a destination that we wish to reach. It is the target or outcome that we
                                               seek from an action. Goals encourage us to work harder and finish what we start
                                               in order to meet the aim. It provides us direction and usually motivates us to
                                               work harder. The most significant distinction between the first and second round
                                               of a game is that you have a goal for the second round. That aim would have
                                               motivated you to work harder and smarter in the second round.

            Efficiency                                                                                Efficiency
            The capacity to accomplish tasks well, successfully, and without wasting time is referred to as
            efficiency. You make better use of your team members’ abilities in the second round of a
            game. The team's efforts, money, and time, can be used competently to attain efficiency.

                                         Quality Control
                                         Setting  and  sustaining  a  level  of  excellence  for  products  or  services  delivered  to
                                         consumers  is  what  quality  management  entails  in  a  firm.  Due  to  the  volume  of
                                         products produced every day, preserving quality becomes the most critical aspect of a
                                         developing firm. Anuj Mundra’s tale shows that he designed high-quality clothes since
                                         his customers were essential to him. He did not compromise on quality.

            4.10 ENTREPRENEURIAL COMPETENCIES IN PARTICULAR

            These competencies can be developed through training, experience and guidance in a budding entrepreneur. Some of
            these competencies include:
               • Self-confidence:  Entrepreneurs  are  not  cowed  down  by  difficulties  as  they  believe  in  their  own  abilities  and
              strengths. They have full faith in their knowledge, skill and competence and have the confidence to handle future
              uncertainties.
               • Taking Initiative: It is about making the first move towards setting up of an enterprise and taking action.

               94   Touchpad Data Science-XII

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