Identif



Identification of your strengths and weaknesses.It is essential to know what it is that you, as an entrepreneur, are good at and what you are not. This inquiry can help you understand where you stand and know what you will need to make a success in the market. You need to be honest with yourself and ask yourself what you are good at and what you might need help. We all want to know what we are good at; however, we also need to know where we lack to better position ourselves. When starting a business, listing your strengths and weaknesses is not to make you feel bad about yourself; it is part of a process. The process is aimed at helping you understand what you have at your disposal. What is your ability to use for your business's success and where you might need help and improvement?Every business is different, so strengths and weaknesses will be different for each company.For example, some businesses might require you to be more emotionally invested and intelligent, whereas others rely mostly on logical thinking. Lydia's ECD business will require patience and for her to be emotionally intelligent. A law firm will want employees who think logically, strategically, and not put emotions in their work. For a law firm emotionally invested in your work may be a significant weakness, Lydia's case is a strong point since she will be dealing with children. Here are a few questions to ask yourself when writing down your strengths and weaknesses.There is another way to find out about yourself and make sure that you iron out any blind spots. Get input from close ones and colleagues. Those you trust to give you an honest and non-biased opinion. Choose people who have a good track record of telling you the truth even when you did not want to hear or accept it.After you have spent some time honestly assessing your strengths and weaknesses, it is time to get input from those closest to you: a significant other, your mentor, close friends, or family members.Most people might be too confident and think too highly of themselves, and others might be less confident and think too little and low of themselves. When receiving feedback, start making your list of strength and weaknesses. Be honest, remember this is to help you. Could you write it down in detail? This way, you will start to see yourself from a bird's eye view. Some of the revelations might surprise you, and some might make sense, some might not, some might be confirming what you already knew and trusted. Some weaknesses you might realise that you do not have much experience in them or have not tried in some areas. For example, your strengths are that you always complete your work regardless of any obstacle. Your weakness could be that you are still late to work functions. This particular revelation reveals that regardless of your work always being complete, you might need to put a lot more effort into company functions. It might not have been an issue to clients, partners, or employees, yet it sent a wrong message to employers, even though it was unintentional. Those are the types of revelations you might have when doing this. Identifying your strengths and weaknesses can also help you identify where you need to focus your energy on, where you need to put in extra attention. Also, what you were unaware of and ignoring. Some strengths might be the best at that moment, and others might need to be further developed before they can be used to their full potential. Also, some strengths will not be the one playing a significant role in your business success. For example, one of your strengths could be that you are very athletic or relatively physically fit. Being physically fit might not be a strength you need, so it remains a strength; however, it will not be the one to help or contribute to the success of your business.In Lydia's case, she said she was in the army before coming home and starting an ECD. Organisational skills and discipline might help her; however, the other strengths such as weapon training, self-defence training will be almost useless in this ECD context. The same rationale applies to our weaknesses. You can always enhance your strengths and turn your weaknesses around. ................
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