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L5ADCARE18-1

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Question 1 of 3

Which one of the below is a good technique for identifying your own strengths and weaknesses as an entrepreneur?

Profit margin

SWOT analysis

Costs / benefits analysis

Competitor analysis

When individuals point out a ‘failure’ that occurred while trying to improve operations, you should:

Avoid giving them tasks in the future

Conceal the failure

Determine who was responsible and punish accordingly

Help them learn from their mistake

When someone approaches you with an idea that has some limitations, you can support the effort by:

Pointing out its limitations

Identifying elements of the idea that could work

Asking if he/she considered why the idea might not work

Agreeing that it is a good idea

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