Personal entrepreneurial competencies

1. Personal
Entrepreneurial
Competencies
CHARACTERISTICS OF A SUCCESSUL ENTREPRENEUR

2. Entrepreneurship
 The capacity and willingness to
develop, organize and manage a
business venture along with any of its
risks in order to make a profit.
 The most obvious example of
entrepreneurship is the starting of new
businesses.

3. Entrepreneurship
 Entrepreneurial spirit is
characterized by innovation and
risk-taking,

4. Entrepreneur
 Someone who exercises initiative by
organizing a venture to take benefit of
an opportunity and, as the decision
maker, decides what, how, and how
much of a good or service will be
produced.

5. Entrepreneur
 An entrepreneur supplies risk capital
as a risk taker, and monitors and
controls the business activities. The
entrepreneur is usually a sole
proprietor, a partner, or the one who
owns the majority of shares in an
incorporated venture.

6. Entrepreneur
 Entrepreneurs are not necessarily
motivated by profit but regard it as
a standard for measuring
achievement or success.

7. Personal
Entrepreneurial
Competencies

8.  Entrepreneurial competencies
are defined as underlying
characteristics possessed by a
person, which result in new venture
creation.
 It could be a generic or specific
characteristic.

9. Achievement Cluster
Opportunity seeking
Entrepreneurs have a
good eye for spotting
business opportunities
and acts on these
opportunities
appropriately.

10. Achievement Cluster
PERSISTENCE
Entrepreneurs do not
easily give up in the
face of obstacles.
They will take repeated
or different actions to
overcome the hurdles
of business.

11. Achievement Cluster
Commitment to Work Contract
Entrepreneur do their best to satisfy
customers and to deliver what is
promised. They accept full
responsibility for problems when
completing a job for customers.

12. Achievement Cluster
Risk-taking
Entrepreneur are known for taking
calculated risks and doing tasks that are
moderately challenging.

13. Achievement Cluster
Demand for Efficiency and Quality
Entrepreneur see to it that the business
meets or exceeds existing standards of
excellence and exerts efforts to
improve past performance and do
things better. They set high but realistic
standards.

14. Planning Cluster
Goal Setting
Entrepreneur knows how to set
specific, measurable, attainable,
realistic, and time-bound (SMART)
goals. It is easy for them to divide
large goals into short-term goals

15. Planning Cluster
Information Seeking
Entrepreneur update themselves
with new information about her
customers, the market, suppliers,
and competitors. This is rooted to
their innate sense of curiosity.

16. Planning Cluster
Systematic Planning and Monitoring
Entrepreneurs develop and use
logical, step-by-step plans to reach
their goals. They monitor progress
towards goals and to alter strategies
when necessary.

17. Power Cluster
Persuasion and Networking
Entrepreneurs know how to use the
right strategies to influence or
persuade other people.

18. Power Cluster
Self-Confidence
Entrepreneurs have a strong belief
in themselves and their own
abilities. They have self-awareness
and belief in their own ability to
complete a difficult task or meet a
challenge.

19. DO YOU WANT
TO BE A
DRIVER
OR A
PASSENGER ?

20. Strengthening your Identified PECs
Here are your guides on how to strengthen your own PECs.
1. React positively to criticisms and open to
feedback.
2. Always demonstrate positive attitude to achieve a
desired goal.
3. Always project strong and well-balanced
behavior.
4. Always exercise the assertive style in your work
environment.
5. Avoid being too passive and too aggressive.

21. Strengthening your Identified PECs
6. Don’t let anyone worsen your business life.
7. Prioritize your business goal rather than
personal goal in order to become a successful
entrepreneur.
8. Acquire specific skills for creating and
maintaining a conducive work environment.
9. Be responsible in everything you do in your
business.
10. Always observe business ethics in putting up a
business.