General and Specific Skills Your Business Needs : Business Plan

Topic General and Specific Skills Your Business Needs
Topic From  Do You Really Want To Own A Business Plan?
Book Name How To Write A Business Plan?

❄ General and Specific Skills Your Business Need ❄ 

Businesses need two kinds of skills to survive and prosper: Skills for business in general and skills specific to the particular business. For example, every business needs someone to keep good financial records. On the other hand, the tender touch and manual dexterity needed by glassblowers are not skills needed by the average paving contractor.

✸ Also ReadBenefits Of Writing A Business Plan : How & Why To Write?

Next, take a few minutes and list the skills your business needs. Don’t worry about making an exhaustively complete list, just jot down the first things that come to mind. Make sure you have some general business skills as well as some of the more important skills specific to your particular business.

If you don’t have all the skills your business needs, your backers will want to know how you will make up for the deficiency. For example, let’s say you want to start a trucking business. You have a good background in maintenance, truck repair, and long distance driving, and you know how to sell and get work. Sounds good so far—but, let’s say you don’t know the first thing about bookkeeping or cash flow management and the thought of using a computer makes you nervous. Because some trucking businesses work on large dollar volumes, small profit margins, and slow-paying customers, your backers will expect you to learn cash flow management or hire someone qualified to handle that part of the business.

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