| Category |
Assignment |
Subject |
Entrepreneurship |
| University |
- |
Module Title |
Skills Assessment for Venture Building |
Skills Assessment for Venture Building Brief
Skills Assessment for Venture Building: As part of your course requirements, you're expected to complete a specific assessment. Make sure you are ready to submit your self-assessment alongside your final report. For the best results, do consult with your tutor for a review before submission.
This Self-assessment is Designed To:
- Increased self-awareness: Reflecting on your abilities provides a deeper understanding of yourself, leading to better life choices and a more fulfilling life.
- Improved goal-setting: Knowing your strengths and passions allows you to set achievable goals, boosting motivation and progress towards desired outcomes.
- Enhanced decision-making: Understanding your values and beliefs aids in making decisions aligned with your future vision, preventing regrettable choices.
- Increased confidence: Awareness of your strengths and weaknesses boosts confidence, encouraging risk-taking and growth beyond your comfort zone.
Learning Outcomes of Skills Assessment
1. Personal objectives:
To review your sense of vision, mission, and aspiration, write down your short-term, medium-term, and long-term goals
- Experience in business: Do they have any experience working in a business setting?
- Knowledge of the industry: Do they have a good understanding of the industry they want to start a business?
- Skills and abilities: Do they have the skills and abilities necessary to start and run a business?
- Passion and commitment: Are they passionate about their idea and committed to making it a success?
2. Entrepreneurial mindset skills:
Assess your strengths and weaknesses and decide what appropriate actions to take to turn your weaknesses into opportunities and strengths
- Critical thinking: How strong are you when it comes to thinking outside the box?
- Problem solving: How strong are you at identifying solutions for real-world problems?
- Leadership: Is leading projects and people your strong point?
- Resilience: Do you have a strong reslove in dealing with life-challenges?
- Risk-taking: Are you a known risk-taker or not?
3 Strategic Thinking Skills:
These questions can help you assess your ability to think strategically and plan for the future. This will help you to identify and evaluate different options and make decisions.
- Customer Segments: Who are your target customers?
- Value Propositions: What value do you offer your customers?
- Channels: How do you reach your customers?
- Customer Relationships: How do you build relationships with your customers?
- Revenue Streams: How do you generate revenue from your business?
- Key Resources: What are the most important resources that you need to run your business?
- Key Activities: What are the most important activities that you need to perform to run your business?
- Key Partners: Who are your key partners?
- Cost: What are your most significant costs?
4 Personal reflection and lessons learned
Take some time to reflect on your past life. Think about times when you felt purposeful and focused, and times when you felt less directed and adrift. What were the personal qualities that you used or misused in these different situations? What were the satisfying and dissatisfying moments? What do you want to offer the world, and what do you have to offer?
- What are your values, and what do I believe in?
- What are your goals and dreams for the next 1, 3, 5, and 10 years?
- What are the lessons that you have learned from your past experiences about starting a new thing?
- How can you use your strengths and values to achieve your business venture goals?
- What are your unique qualities that could help you reach your objectives?
- How can you use your uniqueness to give you enjoyment and satisfaction?
- Can you identify special talents you find most satisfying in practice?
