Unit 36 Starting a Small Business - M2

M2 –Unit 36 Kojar Ahmed



What is your current skill situation? (In terms of running a business)

What am I good at? (Strengths) What am I not good at? (Weaknesses)



● Provide employees with opportunities ● Calculating financial info.
for promotions.

● Compiling and interpreting employee
● Business is organised. development data.

● Putting in the required effort to be
successful.
● Effective and detailed business plan.
● Lack the knowledge required to initially
● Have the ability to effectively promote start up a business.
employee vacancies.




What do I need to work on? What might stop me?



● Working independently without ● Poor time management.
financial advice.



● Achieving targets in the set time.
● Insufficient funds.




● Working out a cheaper price with my
● Insufficient resources.
suppliers.




How will I compensate for those weaknesses and what would be the time scale?



To compensate for my weaknesses, I will aim to work on all the skills I have mentioned above
which I may be incompetent in. What I can do to work on these skills is to undergo training which
should take no longer than 6 months.