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Personal entrepreneurial competencies

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Personal Entrepreneurial Competencies and Skills

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Personal entrepreneurial competencies

  1. 1. Personal Entrepreneurial Competencies Agricultural Crop Production (Horticulture)
  2. 2. Question What do you want to be in the future?
  3. 3. 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 place.
  4. 4. Entrepreneur Are the agent of economic change; they organize, manage, and assume risk of a business. Some of the good qualities of entrepreneur are: opportunity-seeker, risk-taker, goal-setter, excellent planner, confident, problem-solver, hardworking, persistent and committed.
  5. 5. 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.
  6. 6. Entrepreneurial competencies refer to the important characteristics that should be possessed by an individual in order to perform entrepreneurial function effectively. Assessment of Personal Entrepreneurial Competencies (PECs and Skills
  7. 7. Few important characteristics /traits/ attributes of good entrepreneur: 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.
  8. 8. Confident: Entrepreneurs have self-reliance in one’s ability and judgment. They exhibit self-confident to cope with the risk of operating their own business.
  9. 9. Disciplined: Successful entrepreneurs always stick to the plan and fight the temptation to do what is unimportant.
  10. 10. Committed: Good entrepreneurs assume full responsibility over their business. They give full commitment and solid dedication to make the business successful.
  11. 11. Ability to accept change: Nothing is permanent but is change. Change occurs frequently. When you own a business, you should cope with a thrive on changes. Capitalize on positive changes to make your own business grow.
  12. 12. Creative: An entrepreneur should be creative and innovative to stay in the business in order to have an edge over the other competitors.
  13. 13. 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
  14. 14. 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

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