Unit 34 - P3/M2
FOR NOTES AND GUIDLINE PURPOSES ONLY, COPYING THE WHOLE
DOCUMENT WILL BE COPYWRITE.
In this assignment I’m going to describe the skills needed to run the business successfully and
what areasneed further development.
Skills My strengths & previous My weakness and lack of Why is this skill necessary to
experience. experience (skills gap). run MY BUSINESS?
Technical/operational Having worked in retail for I haven’t got enough I will need to have total
skills. nearly 2 years I’ve learnt to knowledge of how to use the understanding of the
keep up with the constant web to start an online site stockroom and how to track
change within the fashion therefore I will need to stock in order to minimise
industry and also reading complete a training course in the shrinking and train my
various books and magazines order to improve this. staff. Also I will be able to
have also helped to enhance my Although I experience in see if it is staff or customers
knowledge within the fashion various roles within retailing stealing clothing. In
market. Furthermore, working stores I have not covered addition, I will need to be
on the tills and stockroom I areas such like the tills, and able to put my store online
have developed various skills stockroom in enough depth in order to maximise profits.
that will help the running of my to be able to train any
business such as organisation, employees.
handling of money, stock
checking.
Management skills e.g. I have good management skills Although supervising the This skill is necessary in
communication, team as during the Notting hill store allowed me to manage order for me to keep control
working and leadership carnival for the past 3years I certain aspects when the of my staff especially when I
skills have been a supervisor which manager was gone I do not am not in store. For
has allowed me to use initiative possess all the knowledge to example, if I had to go meet
, to make important decisions, be able to organise and run a one of my suppliers to sort
give other staff instructions and shop and staff. Furthermore, out a deal I would need to be
manage the running of the shop this carnival is spread over 2 able to give clear and
when the manager is not in. In days of the year so the detailed instructions to staff
addition, I have captained 2 experience I have in this members on the objectives
sporting teams and been head sector is minor compared to and things that need to be
boy of my school which have what I would need in order done for the day or until I
allowed me to improve my team to run a shop 6 days a week return. Also I will need to be
working, leadership skills and for a year. able to manage the shop
communication skills as all this operations such as stock
were vital for all members of control, security and also
my sporting team and layout/ tidiness of the shop.
supporting prefects to work in
harmony in the most effective
and efficient way possible.
Skills relating to I’m currently working in a Although, I have experience I will need the knowledge of
monitoring business telecoms position in order to of how to monitor a monitoring how well my
performance- focus on save money. In this position I performance it is minimal as business is doing and how it
FINANCE & SALES and my other 4 Team members my sales performance is can improve in order to be
have to monitor our sales on an automatically colour coded able to handle the finances
hourly bases. This includes, when we enter individual such as, paying bills and
profit after sales, meeting our sales to tell if we are doing employees, suppliers and
set targets and selling of good or bad. maintenance of the store.
insurance. Furthermore, From Therefore I will need to
completing various units about improve this skill in order to
finance in my business course be able to pay my
FOR NOTES AND GUIDLINE PURPOSES ONLY, COPYING THE WHOLE
DOCUMENT WILL BE COPYWRITE.
In this assignment I’m going to describe the skills needed to run the business successfully and
what areasneed further development.
Skills My strengths & previous My weakness and lack of Why is this skill necessary to
experience. experience (skills gap). run MY BUSINESS?
Technical/operational Having worked in retail for I haven’t got enough I will need to have total
skills. nearly 2 years I’ve learnt to knowledge of how to use the understanding of the
keep up with the constant web to start an online site stockroom and how to track
change within the fashion therefore I will need to stock in order to minimise
industry and also reading complete a training course in the shrinking and train my
various books and magazines order to improve this. staff. Also I will be able to
have also helped to enhance my Although I experience in see if it is staff or customers
knowledge within the fashion various roles within retailing stealing clothing. In
market. Furthermore, working stores I have not covered addition, I will need to be
on the tills and stockroom I areas such like the tills, and able to put my store online
have developed various skills stockroom in enough depth in order to maximise profits.
that will help the running of my to be able to train any
business such as organisation, employees.
handling of money, stock
checking.
Management skills e.g. I have good management skills Although supervising the This skill is necessary in
communication, team as during the Notting hill store allowed me to manage order for me to keep control
working and leadership carnival for the past 3years I certain aspects when the of my staff especially when I
skills have been a supervisor which manager was gone I do not am not in store. For
has allowed me to use initiative possess all the knowledge to example, if I had to go meet
, to make important decisions, be able to organise and run a one of my suppliers to sort
give other staff instructions and shop and staff. Furthermore, out a deal I would need to be
manage the running of the shop this carnival is spread over 2 able to give clear and
when the manager is not in. In days of the year so the detailed instructions to staff
addition, I have captained 2 experience I have in this members on the objectives
sporting teams and been head sector is minor compared to and things that need to be
boy of my school which have what I would need in order done for the day or until I
allowed me to improve my team to run a shop 6 days a week return. Also I will need to be
working, leadership skills and for a year. able to manage the shop
communication skills as all this operations such as stock
were vital for all members of control, security and also
my sporting team and layout/ tidiness of the shop.
supporting prefects to work in
harmony in the most effective
and efficient way possible.
Skills relating to I’m currently working in a Although, I have experience I will need the knowledge of
monitoring business telecoms position in order to of how to monitor a monitoring how well my
performance- focus on save money. In this position I performance it is minimal as business is doing and how it
FINANCE & SALES and my other 4 Team members my sales performance is can improve in order to be
have to monitor our sales on an automatically colour coded able to handle the finances
hourly bases. This includes, when we enter individual such as, paying bills and
profit after sales, meeting our sales to tell if we are doing employees, suppliers and
set targets and selling of good or bad. maintenance of the store.
insurance. Furthermore, From Therefore I will need to
completing various units about improve this skill in order to
finance in my business course be able to pay my
