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OBJECTIVES:
• definepersonal entrepreneurial and skills
• enumerate the essential characteristics,
attribute skills of an
entrepreneur/employee
• identify areas of improvement,
3.
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WHAT ISPECs?
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Entrepreneurial Competencies
(PECs) are the characteristics,
behaviors, attitudes, and skills
that an entrepreneur must
possess to successfully start,
manage, and grow a business.
These competencies influence
how entrepreneurs think, make
decisions, overcome challenges,
and take advantage of
opportunities.
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CANVA CORPORATION
Entrepreneurshipis a process of
innovation and new venture creation. Through
four major dimensions – individual,
organization, environment, process – and
aided by collaborative networks in
government, education and institution. All of
the macro and micro positions of
entrepreneurial thought must be considered in
recognizing and seizing opportunities that can
be converted into marketable ideas capable of
competing for implementation in today’s
economy (Kuratko and Hodgetts, 1989).
6.
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CANVA CORPORATION
Inmore simple terms,
entrepreneurship is both an art and
science of converting ideas into
marketable goods and services to
improve man’s quality of life. It
involves the systematic
organization/utilization of materials,
machine, money and man in the
accumulation of more wealth.
7.
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What is
Entrepreneur?
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Are people with skills and
capabilities to see and evaluate
opportunities.
Individual that can strategically
identify products or services
needed by the community and
they have the capacity to deliver
these at the right time at the right
place.
Are agent of economic change,
they organize, manage and
assume risks of business.
8.
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CANVA CORPORATION
DREAMBIG
Entrepreneurship is not just a simple business activity. It
is a strategic process of innovation and new venture
creation. It is both an art and science of converting
business ideas into marketable products or services to
improve the quality of living.
9.
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CANVA CORPORATION
OpportunitySeeker
Risk-taker
Goal-setter
Demand for quality and
efficiency
Self confident
Important characteristics of a
good entrepreneur:
Information Seeker
Systematic Planning and
Monitoring
Persistent
Committed Worker
Persuasion and Networking
10.
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CANVA CORPORATION
1.Opportunity Seeker
Actively looking for new opportunities to improve and grow
within the industry.
2. Risk-taker
Willingness to take calculated risks to achieve goals and
innovate.
3. Goal-setter
Setting clear, achievable goals and working systematically
towards them.
11.
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CANVA CORPORATION
4.Demand for Quality and Efficiency
Striving for high standard and efficient work processes.
5. Self-confident
Having confidence in one’s abilities and decisions.
6. Information Seeker
Continuously seeking relevant information and staying
updated with industry trends.
12.
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CANVA CORPORATION
7.Systematic Planning and
Monitoring
Planning tasks methodically and monitoring progress to
ensure success.
8. Persistent
Demonstrating determination and resilience in the face of
challenges and setbacks.
9. Committed Worker
Being reliable and dedicated to fulfilling job responsibilities
and commitments.
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Important traitsof a good
entrepreneur:
HARDWORKING
One of the important characteristics of
a good entrepreneur is hardworking.
This means habitually working
diligently for a long period of time.
Hardworking people keep on improving
their performance to produce good
products and/or provide good services.
15.
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Important traitsof a good
entrepreneur:
DISCIPLINE
Successful entrepreneurs
always stick on the plan and
fight the temptation to do what
is unimportant.
16.
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Important traitsof a good
entrepreneur:
COMMITTED
A good entrepreneur accepts
full responsibility of everything
in his/her business. He/She
gives full commitment and solid
dedication to make the business
successful.
17.
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Important traitsof a good
entrepreneur:
ABILITY TO ACCEPT CHANGE
Nothing is permanent but change.
Change occurs frequently. When
you own a business, you should
cope-up and thrive on changes.
Capitalize on positive changes to
make your business grow.
18.
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Important traitsof a good
entrepreneur:
CREATIVE
An entrepreneur should be creative
and innovative to stay in the
business and in order to have edge
over the other competitors.
19.
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Important traitsof a good
entrepreneur:
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.
20.
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Important traitsof a good
entrepreneur:
PROFIT-ORIENTED
An entrepreneur enters into the
world of business to generate profit
for additional income. This shall
become the bread and butter for
you and our family as well.
Therefore, you must see that the
business can generate income.
21.
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CANVA CORPORATION
Importantskills of a successful
Entrepreneur
PLANNER
Planning is strategic thinking a setting of goals
to achieve objectives by carefully maximizing all
the available resources. A good entrepreneur
develops and applies step-by-step plans to
realize goals. A good entrepreneur knows that
planning is an effective skill only when combines
with action.
22.
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CANVA CORPORATION
Importantskills of a successful
Entrepreneur
PEOPLE SKILLS
It's a very important skill in order to be
successful in any kind of business. People skills
refer to effective and efficient communication
and relation to people working in and out of your
business. A well-developed people skill can spell
out the difference between success and failure
of the business
23.
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CANVA CORPORATION
Importantskills of a successful
Entrepreneur
DICISION MAKING
Successful entrepreneurs have the ability to
think quickly and to make a wise decision
towards pre-determined set objectives. No one
can deny that the ability to make wise decisions
is an important skill that an entrepreneur should
possess.
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CANVA CORPORATION
Instructions:
ChooseONE (1) characteristic, trait, or attribute of a good entrepreneur that
you believe is not yet well-developed in you.
After choosing, do the following:
1. Identify the chosen entrepreneurial characteristic/trait/attribute.
2. Briefly explain why you think this is not yet well-developed in you.
3. Describe at least TWO (2) possible ways on how you can improve or
develop this characteristic/trait/attribute.
Write your answers in one short paragraph (5–7 sentences). Be honest and
reflective. This activity will help you understand yourself better as a future
entrepreneur.
27.
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Criteria DescriptionPoints
Identification of
Trait
Clearly identifies one
relevant entrepreneurial
characteristic/trait/attribute
2 points
Self-Reflection
Explains clearly why the trait
is not yet well-developed
3 points
Improvement
Strategies
Presents at least two realistic
and effective ways to
improve the trait
3 points
Clarity &
Organization
Ideas are clear, organized,
and easy to understand
1 point
Grammar &
Sentence Structure
Uses correct grammar and
complete sentences
1 point
TOTAL 10 points
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