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Entrepreneurship & enterprise skills are commonly thought to be associated with those who start and run a business, sometimes based on an idea or invention they have created. In reality, any person can harness the skills of entrepreneurial and enterprise thinking to the benefit of themselves and/or their employer. These skills include using innovation to improve products or procedures, spotting opportunities, risk tolerance, commercial awareness, opportunity awareness and creative problem solving. 

To learn more about your skills in this category, you can evaluate your skills through the ‘Skills Discovery’ tool, via your CRSID. 

Skills included in entrepreneurship and enterprise

Skills in this area can be very specific to starting a business or skills that support our general development. In terms of ‘more traditional’ employment, entrepreneurial thinking, opportunity awareness and creativity are just some of the skills that make a valuable contribution to a team or that make a strong leader. Lots of the skills included in this area are also generally beneficial to our ability to thrive in new and different situations (think joining a new group, giving presentations, managing projects, and articulating our ideas effectively). All this means that taking part in activities that strengthen our entrepreneurial skills is rarely time wasted.

  • Accountability
  • Adaptability
  • Adopting a different perspective
  • Agile thinking
  • Asking the right questions
  • Autonomy
  • Building networks
  • Career management
  • Coaching others
  • Collaboration
  • Commercial awareness
  • Communication
  • Coping with uncertainty
  • Courage and risk taking
  • Crafting an inspiring vision
  • Decisiveness
  • Drive change and innovation
  • Entrepreneurial thinking
  • Fluency of ideas
  • Financial literacy
  • Grit and persistence
  • Initiative
  • Inspiring Trust
  • Integrity & Ethical behaviour
  • Judgement and decision making
  • Optimism
  • Organisational Awareness
  • Originality
  • Resilience, stress tolerance and flexibility
  • Project management
  • Storytelling and public speaking
  • Teamwork
  • Time management and prioritisation

Ideas to develop skills in entrepreneurship and enterprise

Definitions of skills in entrepreneurship and enterprise

Skill 

Definition 

Accountability 

The ability to take ownership of one's behaviours and responsibilities and being able to provide reasonable explanations for one's decisions and actions. 

Adaptability 

The ability to change one's attitudes or behaviours to accommodate new changes (e.g., new technologies, work patterns, new skills). 

Adopting a different perspective 

The ability to consider a situation, idea, or problem from a new or alternative point of view. 

Agile thinking 

The ability to understand, react and adapt quickly and effectively to changing circumstances. 

Asking the right questions 

The ability to ask insightful, relevant, and purposeful questions to obtain information, clarify a point, or explore difficulties other people may have. 

Autonomy 

The ability to make your own decisions and to govern your actions and decisions. 

Building networks 

The ability to establish and nurture connections with individuals within one's existing network, as well as engaging with people from different educational or professional domains, clubs, or shared interests. 

Career management 

The ability to create a long-term vision of future careers, seek opportunities for growth and skill development, reflect on one's progress, and ensure one's skills remain relevant and diverse. 

Coaching others 

The ability to facilitate learning or training of another person, a small group, or a sports team. 

Collaboration 

The ability to work together with others and coordinate individuals' different skills to achieve a shared goal. 

Commercial awareness  

The ability to understand the market, the business environment, and the factors that influence the success of an organisation (e.g., customers, opportunities, or competitors). 

Communication  

The ability to effectively share information, ideas, and emotions with others through written, verbal, and non-verbal mediums. 

Coping with uncertainty 

The ability to navigate and perform adeptly in situations with significant levels of unpredictability or potentially unexpected changes. 

Courage and risk taking 

The ability to embrace uncertainty and potential setbacks in the hope of desired results or great achievements. 

Crafting an inspiring vision 

The ability to create a compelling and encouraging vision about the future that inspires others to work towards making it a reality. 

Decisiveness 

The ability to make decisions confidently, resolutely, and quickly. 

Drive change and innovation 

The ability to introduce changes and innovations and inspire others to adapt to new ways of thinking and working. 

Entrepreneurial thinking 

The ability to be self-motivated, innovative, and capable of developing a compelling vision while being aware of potential future risks and challenges. 

Financial literacy 

The ability to understand and make use of basic principles of business and finance (e.g. budgeting, investing, etc).  

Fluency of ideas 

The ability to brainstorm or quickly generate a large number of ideas, concepts, or possibilities within a topic or a context. 

Grit and persistence 

The ability to pursue a long-term task, mission, or journey in spite of obstacles and discouragements. 

Initiative 

The ability to take a lead in a project or offer a fresh approach to something. 

Inspiring Trust 

The ability to speak openly about one's intentions and goals, particularly in the capacity of being a leader. 

Integrity & Ethical behaviour 

The ability to be honest and show a consistent adherence to strong moral and ethical principles that guide one in any situation. 

Judgement and decision making 

The ability to make an informed decision based on analytical and critical evaluation of multiple resources or situations. 

Optimism 

The ability to perceive situations with hope and stay confident about successful outcomes even in challenging situations. 

Organisational Awareness 

The ability to understand different elements of organisations (e.g., their structure, culture, values, roles, and dynamics) to help navigate relationships within them and successfully meet their goals. 

Originality 

The ability to independently generate new or fresh ideas, methods or thoughts. 

Project management 

The ability to lead a team, plan and organise tasks, and implement changes, tools, or improvements to achieve successful delivery of a project. 

Resilience, stress tolerance and flexibility 

The ability to quickly recover from setbacks or challenging situations and easily adjust to changing circumstances or requirements. 

Storytelling and public speaking 

The ability to convey ideas to all types of audiences through diverse communication mediums (e.g., words, tone, symbols, gestures and body language) in a clear and captivating manner. 

Teamwork 

The ability to work together with others or in a group to collaboratively achieve a common goal. 

Time management and prioritization 

The ability to manage one's time, organise tasks according to their urgency, and choose the most efficient method of executing them.