Skill Gaps and Training Needs of Existing and Potential Entrepreneurs in N. Macedonia

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Report: Skill Gaps and Training Needs in Businesses Creation – N. Macedonia

6. Knowledge and adequacy of skills requirements associated with running a business Key findings: Skills that are most considered to be at adequate levels among the survey respondents are:  To be able to accept responsibility  To be able to make SMART goals  To understand and implement the importance of digital marketing  Effective time management  To understand and read profit and loss statements  To undertake business plan presentation in front of donors, clients, employees Skills that are considered to be low level among survey respondents are:  To understand and use for management purpose the cash flow statement  To know and understand the profitability ratios. In field VI of the survey, the respondents were asked to indicate how adequate they considered their present knowledge and skills. The answers are presented in following charts. Entrepreneurial competencies: As is shown in a Chart 18 more than 60 % of 111 survey respondents rate following entrepreneurial skills high to moderate level of possessing.

Chart 18

26 GET YES 2 – February/March 2021


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