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Unit 36 Starting a Small Business P3 M2

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P3 describe the skills needed to run the business successfully and what areas require further personal development M2 analyse the personal development needed to run the business successfully

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July 14, 2021
Number of pages
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Written in
2019/2020
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Unit 36: Starting a Small Business

P3: describe the skills needed to run the business successfully and what areas require
further personal development
M2: analyze the personal development needed to run the business successfully


Introduction
This assignment focuses on identify the skills that will be needed for the business that was
created in the previous assignment. Skills that are already possessed will also be identified
and the important of each skill will be explained and how it will be helpful. Furthermore, this
assignment will focus on personal development and how skill gap can be closed.
Skills Audit

Skills Do I have it? Evidence Rating
out of
10.
Your own Yes Technical skills relating to information 7
Contribution technology and maths.
Management skills such as decision making,
planning, delegation and problem solving.
Administrative skills such as time management,
detail orientated, and organization.
Personal Selling skills such as listening and
negotiation.
Records and Checking skills such as being
analytical and comparing and then being able to
make plan to improve.

Technical and No Technical and operational skills will be needed 2
Operational in the salon in relation to hairdressing especially.
Skills This includes; cutting, styling, colouring, etc.
Employees will need to know how to use the
equipment involved in hairdressing in order to be
successful.
The basic skills such as washing is already
possessed by most.

Management Yes Currently possessing a lot of these skills. Only 8
Skills communication skills will need to me improved in
this area as well. Networking can also be added
to make this skill better.
These skills can be used when booking
appointments and making and updating the
store and the product line.

Administratio Yes Skills such as filling and documentation are 8
n Skills already obtained. However, skills such as
telephone etiquette can be developed for it will
be very useful.
These skills will be needed when creating paper
work for the shop relating to inventory and other
financial areas, as well as when creating other

, documents that will needed to monitor the shops
performance.

Personal A few. Being able to greet customers and communicate 3
Selling Skills effectively will need to be worked on. Also the
ability to sell the product by having product
knowledge and selling the attributes will need to
be worked on.

Skills from A few. There are not much skills from previous 8
Previous experience. They have been mentioned under
Experience your own contribution. Example; time
management, organization, work driven are a
few of the key and major skills that I possess.
This can only be applied under administration
and management skills which are major areas
that most of my skills relate to.

Records and Yes This skill is the simplest and I have the ability to 9.5
Checking do this as seen under your own contribution.
Performance
Skills
Strengths and Yes There are many strengths and weaknesses. S- 9
Weaknesses The main weakness is being able to W- 5
communicate effectively with staff and also with
customers.
The main strengths are administrative,
management and records and checking
performance skills.



Personal Development
Personal development is important for it can help to enhance the skills that are already
possessed but also assist in adding more skills. This can add a lot of strength to the
business and make us a threat to other businesses who are our competition because we
have something that they do not have. Personal Development can be done in the form of
training and careful planning. The skills audit above is step one. The skills we have and do
not have were identified (skills gap) so we can now plan and create ideas to become better.


Skill Lacking How it can be developed Time
Scale
Technical and This is one of the most important skill needed in this business for 6-8 weeks
Operational Skills it is a hands on vocational job. It requires one to use the skills
obtained through physical ability especially. This skill can be
developed through a training course. It can teach the
employees different things that can be very useful such as how
to cut hair for a specific hairstyle. It will also give them a chance
to continuously practice and receive criticism from professional
and perfect their craft.
Communication These skills are one of the most important skills in every job. This 3 weeks
Skills group of skills can be used to help when communicating with
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