Personal Entrepreneurial Competencies

1. Presented by:
Je-Ann D. Silaya
Rosemarie Abejuro

2. It refers to key characteristics that a
successful entrepreneur should have
in order to be successful. It is
important because it can be a useful
tool in assessing one strength and
weaknesses since it considers areas
such as attributes, characteristics,
lifestyle, skills and traits.

3. 1. Achievement Cluster
2. Planning Cluster
3. Power Cluster

4. A successful entrepreneur should have the
ability to gather necessary resources
initiative to proper action encouraged to
have business opportunities.
a. Opportunity Seeker
b. Risk Takers
c. Committed
d. Persistent

5.  One of the essential requirements in
entrepreneurship is the capacity to look for
opportunities in business.
 The entrepreneur looks for people with special
talents or skills to work or to produce products
that are unique in flavor and appearance.
 The entrepreneur is able to identify the present
and future needs of the market. He/she can do
new things and combination of things to gather
to make possible product happen.

6.  Risk is to find the probability of loss. A
successful entrepreneur accepts risk with
great self- confidence. He/she is willing to
take on risk when there is a great possibility
to have profit.
 He/she joins ventures where he can control
the situation. He/she risk failure as a learning
process. He believes that in business there is
chance of winning and losing.

7. Entrepreneurs dedicate time and
energy to a business.
Entrepreneurs set a core values
that are follow for their business.

8.  To be successful the entrepreneur uses
different solutions to overcome all forms of
obstacles.
 A successful entrepreneur has the ability to
identify various alternatives to improve the
products offerings.

9. A successful entrepreneur is flexible and
creative. He/she knows how to plan business
activities, make realistic decisions, and self
goals that are easy to attain.
a. Good Planners
b. Good Decision Maker
c. Goal Oriented

10. A successful entrepreneur lays
out plan carefully follow
progress report and get
feedback to attain set goals.

11.  Successful entrepreneurs are innovative and
creative. They always make decision which
help improve their products and does create
new products in market.
 An entrepreneur has the ability to make the
right decision and solve problem through
creativity.

12. 1. Identify the problems
2. Gather the necessary date
3. Analyze the data
4. Formulate alternative solution
5. Select the best solution
6. Implement the best solution

13. Entrepreneur’s needs to clear and specific
short term goal and those goal should be
S.M.A.R.T.
 S-Specific
 M-Measurable
 A- Attainable
 R- Relevant
 T- Time-based

14. Entrepreneur usually are the people with
ideas, skills to lead, and manage the
business.
a. Leadership g. Sociable
b. Achiever h. Knowledgeable
c. Hardworking i. Managerial Ability
d. Courageous
e. Optimistic
f. Compassionate

15. Successful entrepreneur keep
going despite setbacks.
They are task oriented, effective
planners, organizer, and
implementers. They have high
sense of self worth.

16. An entrepreneur set goals and
accomplishes them even though
they don’t excel easily but they
will make sure that they will
become an achiever.

17.  Successful entrepreneur formula for
success is 99% perspiration and 1%
inspiration.
Hard work and determination not just
intelligence and education can bring
success to the business

18.  One must possess the necessary
will or passion to build a business
from scratch.
There are prominent business
people in the world that started
from zero and now the heroes in
the field of business.

19. You have to be optimistic. You
have to view setbacks or trial as a
new directions and not as a
failure, always remember “if you
failed today, tomorrow is another
day”

20. Entrepreneurs treat their
employee with compassion and
respect for the welfare of their
employees.

21. Entrepreneurs possess interpersonal
skills, have wholesome attitude and
character and they are honest.
It is important that you know how to
build relationship to other people
because those relationship will be a
connections to build more ridges
towards a success.

22. You must know every aspect of
your business.

23. A good entrepreneur is able to
coordinate all aspects of running
a business.

24.  https://youtu.be/LVQOKu3kGdw