Essential Business Skills Assessment

The video discusses the essential skills needed to start and run a successful business. It emphasizes the importance of having the right skills and financial resources. A list of 20 key business skills is provided, including delegation, strategic planning, leadership, and problem-solving. The video also highlights the significance of writing a business plan for growth and encourages viewers to engage with the content by liking, sharing, and subscribing.

What is the first step recommended before starting a business?

• Launching a marketing campaign

• Securing a location

• Writing a business plan

• Hiring a team

Which skill is crucial for completing work through others?

• Time management

• Networking

• Negotiation

• Delegation

What skill is necessary for managing the inflow and outflow of money?

• Digital marketing

• Cash flow management

• Leadership

• Customer service

Which skill helps in analyzing the current state of a business?

• Team building

• Communication

• Analytical

• Sales

What is the primary focus of digital marketing skills?

• Building a physical store

• Marketing a business digitally

• Negotiating deals

• Managing cash flow

Which skill is essential for getting the best deals from others?

• Time management

• Networking

• Negotiation

• Leadership

What skill is vital for building a strong team for the future?

• Copyrighting

• Financial management

• Sales

• Team building

Which skill is highlighted as the most important for solving business problems?

• General management

• Strategic planning

• Social management

• Problem solving

What is the role of a manager or business owner according to the video?

• To follow instructions

• To lead from the front and motivate action

• To avoid communication

• To work independently

Why is writing a business plan beneficial for a running business?

• It can grow the business ten times faster

• It helps in hiring employees

• It reduces the need for marketing

• It eliminates competition