Skills

What is Entrepreneurship? definition, characteristics and skills

Definition: Entrepreneurship refers to the process of creating a new enterprise and bearing any of its risks, with the view of making the profit.

It is an act of seeking investment and production opportunity, developing and managing a business venture, so as to undertake production function, arranging inputs like land, labour, material and capital, introducing new techniques and products, identifying new sources for the enterprise.

The person who creates a new enterprise and embraces every challenge for its development and operation is known as an entrepreneur. And the undertaking or organisation, typically a startup company, set up by the entrepreneur is called enterprise.

Characteristics of Entrepreneurship

  • Economic Activity: Entrepreneurship is an economic activity, as it involves designing, launching and running a new business enterprises in order to earn the profit, by ensuring best possible use of resources.
  • Creativity and innovation: It involves discovering new ideas and implementing
Read More

What is BI Developer: Role, Responsibilities and Skills

Reading time: 9 minutes

Everything concerning your business’s past and current status is recorded as bits of data. Marketing numbers, human resources, company budgeting, sales volumes — you name it. The number of business domains the data comes from can be large. But, as a business, you might be interested in extracting value from this information instead of just collecting it. Be thankful that there is software for everything.

Business intelligence (BI) is a set of technologies and practices for transforming business information into actionable reports and visualizations. Established in the early 80s and developed over time as a separate industry, BI gave birth to numerous roles and professions. We have already explained the role of an ETL developer. This material uncovers the specifics of the underlying BI data infrastructure, so we suggest you read it to gain deeper insight on the topic.

Today we’ll discuss the role of a

Read More

Home – My Personal Finance Skills

My Personal Finance Skills delivers free financial education workshops to schools across the country to help students understand more about money and leave school ‘life-ready’.  These workshops are targeted at students across KS4-5 (14-18 years old) are ideal for enrichment days, PSHE/Citizenship lessons or career insight days and can help you meet some of the Gatsby benchmarks.

Due to ongoing school closures as a result of Covid-19, we have adapted our programme to offer a selection of free on-demand financial education sessions which can be found below as well as under the students tab. As soon as it is safe and possible to do so, we will start our in-school financial education workshops.

More about us

Find out more about the My Personal Finance Skills programme.

Read more…

Teachers

Find out about our free financial education workshops and free online sessions.

Read more…

Students

Free online financial education sessions and

Read More

The Skills And Characteristics Of Successful Entrepreneurs Business Essay

Disclaimer: This work has been submitted by a student. This is not an example of the work produced by our Essay Writing Service. You can view samples of our professional work here.

Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of UK Essays.

You are working as a trainee for a consultancy company whose niche is travel organisations. Your supervisor wishes to establish a map of the key factors for small and medium-sized businesses to be successful in the travel and tourism industry. She has asked you and the other trainees of her team, to each select a successful entrepreneurial firm in the travel and tourism industry, and research the development of the company as well as the skills of the entrepreneur.

The student evaluates the key factors, such as organisational structure, resources, management skills that

Read More

The BI Skills Analysts Need To Start A Career In Business Intelligence

Does data excite, inspire, or even amaze you?

Does the idea of discovering patterns in large volumes of information make you want to roll up your sleeves and get to work? Do you find computer science and its applications within the business world more than interesting? If you answered yes to any of these questions, you may want to consider a career in business intelligence (BI).

In the age of information, business information and intelligence, if utilized strategically, has the power to propel a business far above their competitors as well as exponentially boost brand awareness, internal engagement, organizational efficiency, and profitability. The BI and analytics industry is expected to soar to a value of $26.50 billion by the end of 2021. Moreover, companies that use BI analytics are five times more likely to make swifter, more informed decisions.

Despite these findings, the undeniable value of intelligence for business, and

Read More

Business Analyst | 7 Must-have Skills for the Business Intelligence Business Analyst

Business Intelligence (BI) is a top priority across the world: Gartner estimates that 90% of organizations have some form of BI capability…

with global BI spend for 2016 expected to reach 16.9 billion US dollars. Simultaneously, experts predict future demand for BI professionals to increase even higher than present, resulting from a future shortage. The time is rife with opportunity to explore specializing in BI. If data, information, and analytics interest you, perhaps it’s time to explore expanding your Business Analyst (BA) skillset to specialize in BI.

Related Article: 9 Key Skills Every Good Business Analyst Needs

The BI BA uses BA and BI tools and techniques to build BI solutions that align data, business, and technology to deliver actionable insights needed by the organization to support decision-making. The BI BA may be involved at various points in the BI lifecycle – from data sourcing and analysis to enhancing, integrating

Read More

Emotional Intelligence – Develop your soft skills at MindTools.com

We probably all know people, either at work or in our personal lives, who are really good listeners. No matter what kind of situation we’re in, they always seem to know just what to say – and how to say it – so that we’re not offended or upset. They’re caring and considerate, and even if we don’t find a solution to our problem, we usually leave feeling more hopeful and optimistic.

Click here to view a transcript of this video.

We probably also know people who are masters at managing their emotions. They don’t get angry in stressful situations. Instead, they have the ability to look at a problem and calmly find a solution. They’re excellent decision makers, and they know when to trust their intuition. Regardless of their strengths, however, they’re usually willing to look at themselves honestly. They take criticism well, and they know when to use

Read More

Top Business Intelligence Skills, Tools And Software | CIOReview

Read More

Entrepreneurial Skills – Career Development from MindTool.com

Entrepreneurial Skills - The Skills You Need to Build a Great Business

© iStockphoto
boboling

What skills do you need as an entrepreneur?

What makes someone a successful entrepreneur? It certainly helps to have strong technology skills or expertise in a key area, but these are not defining characteristics of entrepreneurship.

Instead, the key qualities are traits such as creativity, the ability to keep going in the face of hardship, and the social skills needed to build great teams.

If you want to start a business, it’s essential to learn the specific skills that underpin these qualities. It’s also important to develop entrepreneurial skills if you’re in a job role where you’re expected to develop a business, or “take things forward” more generally.

In this article, we’ll look at the skills you need to be a successful entrepreneur, and we’ll explore resources that you can use to develop the traits needed for success.

Defining Entrepreneurship

Some experts think of entrepreneurs as people

Read More

The 5 Social Skills That Increase Entrepreneurial Success

Having a great product, an amazing team and an IQ over 120 are not sufficient for success. An entrepreneur must also possess effective social skills [1]. They must rely on these skills to form relationships with customers, suppliers, employees and venture capitalists. They have to convince people to love their product, idea and vision. They need to create an environment of collaboration in order to facilitate interaction between employees.

 

Founders must be the person to lead their team to success and their social skills are critical in this endeavor.

 

Research suggests that socially competent entrepreneurs create more effective personal relationships [2], receive more funding [3], are more financially successful [1] and have more successful companies [4] than entrepreneurs who lack effective social skills.

 

Social competence is therefore a key differentiating factor between the success and failure of an entrepreneur and his venture.

The 5 factors that underlie social competence in

Read More