GOOD MORNING!
Entrepreneurs are those with the skills and
capabilities to see and evaluate business
opportunities. They are individuals who can
strategically identify products or services needed
by the community, and have the capacity to
deliver them at the right time and at the right
place.
Entrepreneurs are agents of economic change;
they organize, manage, and assume risks of a
business. Some of the good qualities of
entrepreneurs are: opportunity-seeker, risk-taker,
goal-setter, excellent planner, confident problem-
solver, hardworking, persistent and committed.
Entrepreneurship, on the other hand, is not just a
simple business activity but a strategic process of
innovation and new product creation. Basically,
entrepreneurship is both an art and science of
converting business ideas into marketable products
or services to improve the quality of living.
What are the desirable personal
characteristics, attributes, lifestyles,
skills, and traits do you have which do
you think you can be proud of ?Why
are these important?
Assessment of Personal
Entrepreneurial
Competencies (PECs) and
Skills vis--vis a Practicing
Entrepreneur in a Province
Entrepreneurial competencies
Refer to the important characteristics
that should be possessed by an
individual in order to perform
entrepreneurial functions effectively.
These are few important characteristics /
traits / attributes of a good entrepreneur:
Hardworking
One of the important characteristics of
a good entrepreneur is hardworking.
This means working diligently and being
consistent about it. Hardworking
people keep improving their
performance to produce good
products and/or provide good
services.
Confident
Entrepreneurs have self-reliance in
ones ability and judgment. They
exhibit self-confidence to cope with
the risks of operating their own
business.
Disciplined
Successful entrepreneurs always stick
to the plan and fight the temptation to
do what is unimportant.
Creative
An entrepreneur should be creative
and innovative to stay in the business
and in order to have an edge over the
other competitors.
Committed
Good entrepreneurs assume full
responsibility over their business. They
give full commitment and solid
dedication to make the business
successful.
Ability to accept change:
Nothing is permanent but change. Change
occurs frequently. When you own a
business, you should cope with and thrive
on changes. Capitalize on positive changes
to make your business grow.
Has the initiative
An entrepreneur takes the initiative.
You must put yourself in a position
where you are responsible for the
failure or success of your business.
Profit-oriented
An entrepreneur enters the world of
business to generate profit or
additional income. The business shall
become your bread and butter.
Therefore, you must see to it that the
business can generate income.
Listed are the important skills of a
successful entrepreneur:
Excellent planner
Planning involves strategic thinking and
goal setting to achieve objectives by
carefully maximizing all the available
resources. A good entrepreneur develops
and follows the steps in the plans diligently
to realize goals. A good entrepreneur
knows that planning is an effective skill only
when combined with action.
Possesses people skills
This is a very important skill needed to be
successful in any kind of business. People
skills refer to effective and efficient
communication and establishing good
relationship to the people working in and
out of your business. In day-to-day business
transactions, you need to deal with
people. A well-developed interpersonal
skill can make a huge difference between
success and failure of the business.
Sound decision maker
Successful entrepreneurs have the ability
to think quickly and to make wise decisions
towards a pre-determined set of
objectives. No one can deny that the
ability to make wise decisions is an
important skill that an entrepreneur should
possess. Sound decisions should be based
on given facts and information and lead
towards the pre-determined objectives.
Directions:Using the PECs checklist, assess
yourself by putting a check (/ ) mark in
either strengths or development areas
column. Interpret the results by counting
the total number of check marks in each
of the columns. After accomplishing the
checklist share your insights on the result of
the personal assessment.
Directions: In your province, interview a successful
computer technician or entrepreneur whose type
of business is related with computer hardware
servicing. Focus your questions on PECs and other
business-related attributes that helped them
become successful. Analyze the results of the
interview and reflect on the similarities and/or
differences. Write your answer on a separate sheet
of paper.
Gather the needed information from the interview to
supply answer/s to row 1 in the table below, after
which, fill out the second row with your PECs.
Using the information on the table above, analyze
and reflect on the similarities and differences in your
answers. Put your reflection on the table you copied
in your notebook or in a separate sheet of paper.
Write your conclusion on the space provided.
