Characteristics or qualities of an entrepreneur

1. Characteristics or
Qualities of an
Entrepreneur

2. Entrepreneur
The one who organizes, manages,
and assumes the risks of a business
or enterprise.
Merriam-Webster Dictionary

3. Entrepreneurship is a process
of creating new things by
making use of indigenous
materials found in our
surroundings.
Entrepreneurship

4. Entrepreneurship are people who
seize opportunities, systematically
act on new things to become
marketable so that they can compete
in today’s economic society.
We recognize these people because
they possess the characteristics
and qualities which make them
different from others.
Entrepreneurship

5. Do You Want to Go Into
Business?
-Handbook, published by Department of
Trade and Industry (DTI).
-There are Ten Personal Entreprenurial
Characteristics and they are grouped
into three clusters.

6. PERSONAL ENTREPRENEURIAL
CHARACTERSICS (PECs)
Achievement
Cluster
Planning
Cluster
Power
Cluster

7. This pertains to the desire of the
individual to fulfill or to realize
something. This desire is strong to an
entrepreneur who will not stop at any
obstacle but take such obstacles as
challenges. Hence, the following
characteristics are dominant in him.
Achievement Cluster

8. Achievement Cluster
1. Opportunity-Seeker
a. Perceives and acts
on new business
opportunities.
b. Seizes unusual
opportunities to
obtain financing,
equipment, land,
work, space, or
assistance.

9. Achievement Cluster
1. Opportunity-Seeker
2. Persistent
a. Takes repeated or
different actions to
overcome obstacles.
b. Makes sacrifices or
expends
extraordinary efforts
or complete a task.
c. Sticks to own
judgment in the face
of opposition or
disappointments.

10. Achievement Cluster
1. Opportunity-Seeker
2. Persistent
a. Accepts full
responsibility for
problems
encountered.
b. Helps own
employees to
get the job done.
c. Seeks to satisfy
the customers.
3. Committed

11. Achievement Cluster
1. Opportunity-Seeker
2. Persistent
a. Takes moderate
risks.
b. Prefers
situations
involving
moderate risks.
3. Committed
4. Risk-taker

12. Achievement Cluster
1. Opportunity-Seeker
2. Persistent
a. Always strives
to raise
standards and
aims for
excellence.
b. Strives to do
things better,
faster and at a
lower cost.
3. Committed
4. Risk-taker
5. Concern for quality
and efficiency

13. An entrepreneur is clear on what
he wants to achieve. He plans his
every move because he knows that
eliminated resources will be used. To
make sure that the resources (money,
materials, machinery, etc.) are
efficiently used, he makes his move
tentatively on paper, hence, the plan.
Planning Cluster

14. A plan is a blue print of the
project that he wants to
establish. Such quality of an
entrepreneur demands that he
be a:
Planning Cluster

15. Planning Cluster
6. Goal-Seeker
a. Sets clear and
specific short-
term objectives/
goals.
b. Sets clear and
long-term
goals.

16. Planning Cluster
c. The following
should be
remembered in
setting goals
i. Be realistic
ii. Be self-reliant
iii. Prioritize your
goals
iv. Focus on positive
objectives
6. Goal-Seeker

17. Planning Cluster
v. Goals must be-
S – specific
M – measurable
A – attainable
R – realistic
T – time
bounded
6. Goal-Seeker

18. Planning Cluster
a. Frequently monitor
social trends and
adopt new
technologies
b. Personally seeks
information on
buyers or clients,
suppliers, and
competitors are
good information.
7. Information-Seeker
6. Goal-Seeker

19. Planning Cluster
c. Seeks experts
and experienced
entrepreneurs to
render business
or technical
advise.
d. Uses contacts or
information
networks to obtain
useful information.
7. Information-Seeker
6. Goal-Seeker

20. Planning Cluster
8. Systematic Planner
and Monitoring
a. Develop logical, step-
by-step plans to reach
goals and objectives.
b. Looks into alternatives
and weigh them
accordingly.
c. Monitors progress and
switches to alternative
strategies when
necessary to achieve
goals.
7. Information-Seeker
6. Goal-Seeker

21. Power does not mean bossing
around. This means the power to
lead, to convince people of your
ideas, to make people believe in
you, to persuade others especially
those with negative perceptions.
Therefore, an entrepreneur must:
Power Cluster

22. Power Cluster
9. Be persuasive
and Good in
Networking
a. Uses deliberate
strategies to influence
or persuade others.
b. They must be able to
exert influence and
inspiration on others
without a need to
impose status or power.
c. Use business and
personal contacts to
accomplish objectives.

23. Power Cluster
a. Uses deliberate
strategies to influence
or persuade others.
b. They must be able to
exert influence and
inspiration on others
without a need to
impose status or power.
c. Use business and
personal contacts to
accomplish objectives.
10. Possess Strong
Self-Confidence
9. Be persuasive
and Good in
Networking

24. Thank
You!!!!!