The document discusses the key skills required for entrepreneurs to succeed. It identifies opportunity recognition, initiation, resource management, managerial, negotiation, decision making, creative thinking, time management, team building, risk management, and market analysis as important skills. Entrepreneurs need to develop these skills in order to excel in their business by capturing opportunities, managing resources efficiently, making good decisions, handling challenges, and keeping up with the competitive market. Developing these skills is important because they help entrepreneurs initiate business, manage problems, achieve goals on time, and offer innovative products to customers.

1. Presented by
Dr. CH. ANJANEYULU
M.B.A; M.Phil; PhD
Assistant Professor
Department of Business Management
Telangana University
Nizamabad—Telangana state—India
anjaneyulu@telanganauniversity.ac.in

2. THE SKILL

3. THE SKILL SET REQUIRED
FOR ENTREPRENEURS
The success of the entrepreneurship depends on the skills
possessed by the entrepreneur. Aspiring entrepreneur
needs to hone certain skills in order to excel as an
entrepreneur.
All these skills can be learnt , practiced and mastered.

4. OPPORTUNITY RECOGNITION
SKILL
These skills are required to capture the right
opportunities in the market because the opportunities
are plenty in the market

5. INITIATION SKILL
These skills are required to enter into the market at
right time
because there is no existence without initiation

6. RESOURCE MANAGEMENT SKILL
These skills are required to utilize the resources
optimally
because resources are limited and expensive

7. MANAGERIAL SKILL
These skills are required to manage the business
activities
because the business means managing

8. NEGOTIATION SKILL
These skills are required to solve the problems
because unsolved problems are hindrances to
development

9. DECISION MAKING SKILL
These skills are required to decide between the right
and the wrong
because only the right decisions yield the right results

10. CREATIVE THINKING SKILL
These skills are required to offer innovative products
and services to the customers
because the customer always wants unique products
and services

11. TIME MANAGEMENT SKILL
These skills are required to achieve the business goal in
time
because time is a precious resource

12. TEAM BUILDING SKILL
These skills are required to maintain coordination
among the employees
because unity is strength

13. RISK MANAGEMENT SKILL
These skills are required to face the challenges in the
business
because the business is full of challenges

14. MARKET ANALYSIS SKILL
These skills are required to be updated with market
knowledge
because the market is complex and highly competitive

15. THANK YOU