This document discusses personal entrepreneurial competencies (PEC). It defines PEC as the character traits necessary for entrepreneurial success. It lists traits like risk-taking, leadership, hard work, persistence, and commitment. The document encourages self-assessment of these traits and discusses implications for entrepreneurship. Traits are grouped into clusters like achievement, power, and planning. The document provides a self-assessment test and entrepreneurial quotient to determine one's motivation and strengths for becoming an entrepreneur.