6.2 Management Team Skills

The skills essential to run a business lucratively include:

		Sales and marketing
		Manufacturing
		Finance
		Administration
		Procurement and Buying

6.2 Management Team Skills

6.2.1 Other Skills required

	A reassessment of the business would enable to spot skills that are essential and which the existing staff, as well as the entrepreneur must have.
	Several kind of proficiency may just be required from time to time and it may be better to subcontract as necessary.
	An added alternative may perhaps be to employ external expertise, who can get substantial business-related information and experience on board.
	One of the entrepreneurs key responsibility is to make sure that all functions and tasks are comprehensible and that superior exchange structure are in place equally in official (management meetings, conferences, growth reports) and casual (team building sessions, general feedback) areas.
	Not all businesses need these proficiencies to the similar extent or in the equivalent arrangement. Whilst all businesses require sales and management skills, for some production will be crucial, whereas in others trading capability will be more essential.