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Gr. 9 TLE Quarter 1
- 1. Personal Entrepreneurial Competencies CHARACTERISTICS OF ASUCCESSUL ENTREPRENEUR
- 2. Entrepreneurship The capacityand 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 spiritis characterized by innovation and risk-taking,
- 4. Entrepreneur Someone whoexercises 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 entrepreneursupplies 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 arenot necessarily motivated by profit but regard it as a standard for measuring achievement or success.
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- 8. Entrepreneurial competencies aredefined 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 Entrepreneurshave a good eye for spotting business opportunities and acts on these opportunities appropriately.
- 10. Achievement Cluster PERSISTENCE Entrepreneurs donot 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 toWork 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 areknown for taking calculated risks and doing tasks that are moderately challenging.
- 13. Achievement Cluster Demand forEfficiency 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 Entrepreneurknows 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 Entrepreneurupdate 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 Planningand 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 andNetworking Entrepreneurs know how to use the right strategies to influence or persuade other people.
- 18. Power Cluster Self-Confidence Entrepreneurs havea 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 TOBE A DRIVER OR A PASSENGER ?
- 20. Strengthening your IdentifiedPECs 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 IdentifiedPECs 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.