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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.

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