The document discusses the skills needed to successfully run a business. It states that any work done for profit or earning is considered a business. It emphasizes that as an employer, it is important to identify any gaps in the skills of one's team and take steps to improve skills. Some key skills mentioned include managing finances, managing employees, leading a team, organizing and planning, communication, networking, customer service, marketing, and understanding legal requirements. The document advises that maintaining and improving skills should be an ongoing process.

1. By Muhammad Wahaj Rajput

2.  What is Buisness?
 Any Work For the Profit Or Earning is called
Buisness.
 What is skill?
An ability and capacity acquired through
deliberate, systematic, and sustained effort to
smoothly and adaptively
carryout complex activities or job functions
involving ideas (cognitive skills), things (technical
skills), and/or people (interpersonal skills).
By Muhammad Wahaj Rajput

3.  You and your team need certain skills to run your business
successfully. You should be able to communicate effectively,
manage people and understand what is best for your business in
challenging situations.
 It's a good idea to identify the skills you and your staff already
have, so you can understand the strengths or weaknesses of your
team.
 If you discover a skills shortage, you can either up skill your
existing staff (including yourself), or seek those skills externally, by
recruiting new staff or contractors, or by outsourcing specific
tasks.
From Muhammad Wahaj Rajput

4.  As an employer, you need to make sure that
your team have the skills to maintain and grow
your business. If you identify any gaps in your
team's skills, you can then take steps to develop
yourself and your employees. Improving your
skills helps improve your chances of business
success.
 Consider whether you and your team have the
skills you need to be able to perform the tasks
required for the day-to-day running of your
business.
By Muhammad Wahaj Rajput

5. 1. Manage your business
Effectively manage your finances
 You need to be able to manage your cash flow,
prepare accurate financial documents and keep
concise financial records. Learn more about how
to manage your finances.
by Muhammad Wahaj Rajput

6. 2. Manage your staff
Improve your employees productivity and job
satisfaction, and make sure they are safe in the
workplace.
3. Lead your team
Make the most of your organisational, problem-solving
and decision-making abilities. Allocate
time in your schedule to mentor your staff and
coach your team. Find out more about how you
can develop your leadership skills.
By Muhammad Wahaj Rajput

7. 4. Organise and plan
Schedule and prioritise your projects so you can stay on top of
important tasks and deliver services to your customers on
time.
5.Build relationships
 Communicate
 Effective written and verbal communication skills will
help you to build good working relationships with
your employees, suppliers and customers.
 Network
 Identify potential customers,mentors and other
opportunities for your business. Find out
which networking strategies work for you.
By Muhammad Wahaj Rajput

8. 6. Sell your products
Provide excellent customer service
Satisfied customers can lead to profits and referrals to other
potential customers. Read more about improving customer
service.
Market and sell your products
Appropriately price your goods and services, sell effectively to
your customers, and target new customers with a
dedicated marketing plan.
By Muhammad Wahaj Rajput

9. 7. Comply with legal requirements
 As well as the skills described above, you need to be aware of
your business rights and responsibilities. Make sure you
understand your obligations and legal requirements
whenrunning a business in Queensland.
 Each of these set of skills has many different components
and it will be impossible to master them all. You may need
to outsource some tasks or recruit new staff to fill skills gaps
in your business. Maintaining and improving the skills of
everyone in your business should be an ongoing process.
By Muhammad Wahaj Rajput