ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -They must have the complete know-how of general management, finance, marketing, operations management, purchasing, supply chain, human resources and public relations. So, these were the essential managerial skills that help the entrepreneurs to succeed and take their business to the next level.

Detailed explanation-2: -The entrepreneurship management skills needed by entrepreneurs are financial management, human resource management, start-up, social and interpersonal, leadership, personality, marketing, technical and business management skills.

Detailed explanation-3: -Successful entrepreneurs must have strong overall business management skills. They must understand all the aspects of how his business operates, including the regulatory requirements of his industry. They should have knowledge about labor, employment, and tax laws, and must stay abreast of industry and market trends.

Detailed explanation-4: -A great entrepreneur must be able to effectively communicate, sell, focus, learn, and strategize. An ability to continuously learn is not just a key entrepreneurial skill, but also a very valuable life skill. Growing a business requires a sound strategy based on inherent business sense and skills.