Personal effectiveness and ethics are key components of any successful business. To be effective, you must be able to set priorities and stay organized, while staying true to your personal values. You also need to be aware of the ethical implications of your actions and make decisions that are both legal and ethical. Business acumen is essential for understanding financials, market trends, and how to create a successful business strategy. By understanding these three concepts, you will be well on your way to becoming a successful entrepreneur. This CIPD 7CO03 assignment example will explore each of these concepts in more detail, providing you with a better understanding of how they work together to create a successful business.