2. Let’s see your entrepreneurial traits!
Are you an opportunity seeker?
Are you a risk taker?
2
What does it really take to become a
successful entrepreneur?
4. What is an entrepreneur?
An entrepreneur is someone who “creates a new
business in the face of risk and uncertainty for the
purpose of achieving profit and growth by
identifying significant opportunities and
assembling the necessary resources to capitalize on
them”.
7. Planning Cluster
Entrepreneurs are good planners
who establishes objectives and goals
for realization of business venture
7
“If you fail to plan,
you plan to fail”
11. Entrepreneurs do not easily give up in the face of
obstacles. They will take repeated or different actions to
overcome the hurdles of business. This includes making a
personal sacrifice or extraordinary effort to complete a
job
persistence
11
12. 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
Commitment to work contract
12
13. Entrepreneurs are known for taking
calculated risks and doing tasks that are
moderately challenging
Risk-taking
13
14. Entrepreneurs 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.
Demand for efficiency and quality
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15. planning Cluster
★ Goal setting
★ Information seeking
★ Systematic planning and monitoring
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16. 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
16
17. Information seeking
Entrepreneur update themselves with new information
about their customers, the market, suppliers, and
competitors. This is rooted to their innate
sense of curiosity
17
18. 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
18
20. Persuasion and networking
Entrepreneurs know how to use the right strategies to
influence or persuade other people. They have naturally
established a network of people who they can turn to in
order to achieve their objectives
20
23. 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.
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25. My entrepreneurial competencies!
1. Are you innovative?
___ a. I am open-minded to new methods of improving food I will offer.
___ b. I will not try new methods of preparing my food offerings.
2. Are you creative?
___ a. I will exert effort to develop my imagination in food preparation.
___ b. I will not exert much effort to develop my imagination in food preparation
3. Are you concerned about the preservation of the environment?
___ a. I am willing to do my share in the preservation of the environment by practicing
environment management service (EMS)
___b. I will not do my share in the preservation of the environment.
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26. My entrepreneurial competencies!
4. Are you efficient?
___a. I will closely supervise the preparation of food to be served.
___b. I will just let other employees do the job.
5. Do you possess good human relations?
___a. I enjoy the company of people and am a team player.
___b. I do not enjoy the company of the people.
6. Are you hard working?
___ a. I believe that success comes from hard work by putting time and effort.
___ b. I tend to avoid too much work
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27. 7. Are you healthy?
___a. I exercise regularly and eat healthy foods
___ b. I do not eat a balanced diet and I do not exercise regularly.
8. Are you organized?
___a. I make plans before doing things.
___b. I do not make plans ahead of time.
9. Are you optimistic/cheerful?
___a. I have positive attitude towards work.
___ b. I am pessimistic by nature.
10. Are you quality conscious?
___a. I always aim excellence in my undertakings.
___ b. I get tired looking for ways to improving the quality of whatever I do.
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My entrepreneurial competencies!
28. 85-100 points - You have a strong entrepreneurial character
71-84 - you have weaknesses that need improvement
50-70 - the commitments of an entrepreneur are hard for you at this time.
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Each Aanswer is equivalent to 10 points
Each Banswer is equivalent to 5 points
29. Characteristics of personal entrepreneurial
competency
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persistent
Commitment to
work and contract
PEC’s
Goal Setter
Persuasion and
networking
Self confidence
Planning Cluster
Opportunity
Seeker
Information
Seeker
Risk taker
Achievement
Cluster Power Cluster
Demand for efficiency
and quality
Systematic Planning
and monitoring
30. What is the importance of having
those competencies and skills as an
aspiring entrepreneur in cookery?
30
Deepen your understanding
31. Matching Type
Directions: Match column A with the identified Personnel Entrepreneurial
competencies in column B. Write your answer in a separate sheet of paper.
___ 1. Always delivers his promise promptly and values his reputation. A. Information Seeking
___2. Perceives and acts on new business Opportunities.
B. Committed to work contract
___ 3.Takes repeated or different actions to overcome obstacles. C. Self-Confidence
___ 4. Acts to do things that meet existing standards of excellence. D. Opportunity Seeking
___ 5. Takes calculated, moderate or reasonable risks where he perceives E. Persuasion and Networking
the chance for winning to be good F.
Systematic Planning and monitoring
___ 6. Sets clearer and specific short or long term objectives. G. Goal setting
___ 7. Has confidence in himself or herself and in his or her own abilities. H. Risk taking
___ 8. An activity of attempting to obtain information in both human and I. Demand for efficiency and
quality
technological contexts.
J. Persistence
___ 9. Effective communication must be used to your best interest in business
dealings 31
B
I
H
G
C
A
E
F
J
D
33. Environment and market
33
People who aspire to start a business need to
explore the economic,cultural and social
conditions prevailing in an area. Needs and
wants of the people in a certain area that are not
met may be considered as business
opportunities.
35. Strengths Analysis
★ In what areas does (YOUR COMPANY) perform exceptionally?
★ What important bids or proposals did (YOUR COMPANY) win this year? Why
did (YOUR COMPANY) win them?
★ Which target markets or customer groups created the most sales? Which
created the most profits?
★ What did (YOUR COMPANY) do best this year? What were (YOUR
COMPANY) greatest triumphs?
★ Which customers or market segments grew the most? What caused this
“success”?
35
36. Weakness Analysis
★ What important bids or proposals did (YOUR
COMPANY) loose this year? Why did (YOUR COMPANY)
loose them?
★ Which target markets or customer groups created the
least sales? Which created the least profits?
★ What were (YOUR COMPANY) greatest
disappointments or failures?
★ Which customers or market segments achieved the
least? What caused this “failure”?
★ Weaknesses with respect to: Target market needs,
wants & consumption trends
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37. Opportunities Analysis
★ What new customer wants can you meet?
★ What economic trends are benefiting? How can you
take advantage of them?
★ What factors are creating opportunities for you? How
can you profit from them?
★ What niches and opportunities have your competitors
missed?
★ What alternatives does your ideal customer have to
purchasing what you have to offer?
★ What major changes are taking place in the industry?
★ What are some things that “would never happen” in
your industry? How can that become an opportunity for
you?
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38. Threats analysis
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★ are there any factors creating threats?
★ In what ways do your competitors threaten
you?
★ What scares you most about the future of
(YOUR COMPANY)?
★ Are major changes taking place in the industry?
★ Is the government increasing the burden of any
previous regulations?
Are you willing to take the risk? Are you an opportunity seeker?
Or what does it really take to become a successful entrepreneur? Is it enough to have lots of money in starting a business? In this lesson, let’s find out the answer to this questions and awaken your entrepreneurial spirit.
Or the characteristics that you should possess on being an entrepreneur
They are the ones who act on their business ideas, a businessman or woman, a business person. A business owner.
If you are an aspiring entrepreneur, and you want to determine your personal entrepreneurial competency, you must familiarize yourself with the characteristics or the clusters of pecs such as:
An entrepreneur should always be looking for his/her achievements, or something that he/she needs to prove.
What do you think is the meaning of the quote that is being mentioned in the slide “if you fail to plan, you plan to fail?”
Planning is important in starting a business most specially if you will be spending a huge amount of money or capital in your proposed business.
Power cluster in a way where in you are about to use your ability to persuade other people or consumers to buy your product
In the achievement cluster, there are 5 important traits that you should be familiar with.
Being an opportunity seeker is where you see the rainbow after the rain, what does it mean?
It means you can actually seek an opportunity in the most negative situation, like the pandemic. It is also the time where other people discovered their skills especially in entrepreneurship. Why? Because of the establishments that are forced to stop operating and people need to do something in order to survive in the pandemic. Even i, discovered that i can bake, and i used it as a form of business which also helped us in our daily living. See to it that you can always seek an opportunity to earn money
Being strong willed and determined in reaching goals, always perseveres despite of the difficulties. Being persistent also means you are not a quitter. Because only those quitters are the ones who fail”
Takes full responsibility at work, you are dedicated, you give your best to give your customers satisfaction, are familiar with the expectation vs reality? Do you think you can satisfy your customers on showing a photo of your product that looks far from the actual product?
Being a risk taker takes a lot of courage if you are really setting a goal. You are brave enough to face challenges. You are not afraid of the changing needs of the consumers. For example, your business encountered a problem, are you gonna find a solution or just give up because you are not courageous enough to face these challenges?
An entrepreneur is not contented with his/her product. Time will come that an entrepreneur will do some innovations with his/her products to gain more consumers. For example, in the fast food industry, where competition is always in. did you noticed that they don’t stick with their product? They continuously developing other products that might catch the consumers attention and of course to earn more profit. Another example is Jollibee. Where they don’t offer just chicken joy but they also have fries, sundae’s, and other rice meals and burgers.
Entrepreneurs are good planners who establishes objectives and goals for realization of business venture
You are actually planning for your business because you have a goal to achieve. Is it appropriate to say that you only do business because you just wanted to? Of course you are doing a business because you want to earn profit from it. “Always remember that goals are important because it gives us direction” explain (smart)
In the world of business, you really need to be observant of what is happening around you and your competitors, as well as your consumers. Because of the demands for efficiency and quality under the achievement cluster, other business owners are always planning to have an innovation to their business. Just like you, you always need to find a way to impress your customers. Sometimes, you must offer freebies, free delivery, discounts and many more just to make sure that your consumers will stay with you and also to gain more customers.
Having a plan a, plan b or plan c. or you always have other choice whenever you face challenges in your business.
This is the part where you are about to test your ability to persuade other people to buy your product. Are you familiar with tv commercials? Where they actually spend lots of money to pay a famous celebrity just to endorse a product. Or you yourself will make something that will catch a consumers attention. You really need to have a strong public relation in order to convince other people which is really in nowadays. You are good in sales talk. Networking is the ability to merge your business with other business, same as partnership.
Are you familiar with this brand of noodles here in the Philippines?
Did you know that there is an issue that evolved in the social media and even in the news with regards with this brand of noodles? It’s all about the ethylene oxide (ethylene oxide is a flammable colorless gas with a sweet odor. It is used primarily to produce other chemicals, including antifreeze. In smaller amounts, ethylene oxide is used as a pesticide and a sterilizing agent.)
Upon hearing this issue do you think you will still consume this product? What if the issues aren’t true? How are you going to persuade other people or the consumers to buy this product again?
Believing in yourself. Like i can do this, or i can do that
Now its time to awaken your sleeping entrepreneurial competencies by answering the following questions on the next slide.
If you are starting a business, you must be familiar with the environment where you build your business. Is it appropriate to start a business that doesn’t fit with a particular location? For example, you started a hardware store in front of a school facility? Do you think you can gain customers in the form of students?
Identifying the needs of the community, its resources, available raw materials, skills, and appropriate technology can help a new entrepreneur in seizing a business opportunity. This is where you are going to seek for the needs and wants of the people around your proposed business.
In starting a business you need to assess the SWOT analysis or the strengths and weaknesses, opportunities and threats.
For example, you have an ice cream business. Ice cream is a seasonal product. Particularly in summer. Therefore the strength of your business is during summer, how about when rainy season comes? Do you think it will still be marketable to the customers? Therefore, rainy season is your weakness.
