Personal Competencies of Entrepreneurs PDF

 How to be an Entrepreneur?  GROUP ACTIVITY: Using the illustration on the next slide show, imagine that you are already an Entrepreneur and write the qualities that you have or you need to possess. Entreprene ur  Personal Competencies of an  1. Opportunity-seek...

 How to be an Entrepreneur?  GROUP ACTIVITY: Using the illustration on the next slide show, imagine that you are already an Entrepreneur and write the qualities that you have or you need to possess. Entreprene ur  Personal Competencies of an  1. Opportunity-seekers Entrepreneurs are in the habit of identifying present and future needs of people and institutions in the community. They keenly observe their environment for ideas that can be turned into profits.  2. Persistent initiators They keep on trying various alternative to improve their services to the people. They should display the ability to think of other ways to draw reserve energy from within themselves to be able to work harder and longer at a task.  3. Committed worker When they make a promise, they do all the possible means to keep this. Entrepreneurs work with excellence in whatever they do. They always seek ways to do better, cheaper and faster. They have their own standards of excellence, because what matters to them is that the customer is satisfied with the product or services. Because of their passion for perfection, they  4. Good Planners They lay out plans carefully, identify alternatives, follow-up progress, get feedback, and try to achieve set goals. Entrepreneurs are goof planners and decision makers. Planning calls for the ability to break down tasks into logical, step by step activities, to accomplish a job.  5. Problem solvers They anticipate and solve problems creatively. This calls for being wise decision makers. Decision making is the ability to tackle problems by drawing up a number of solutions and choosing the best one. They should be open to feedback and have to do things systematically.  6. Goal setters Entrepreneur do not set only clear long term goals, but also a clear and specific short-term goals. They make sure that the goals set are realistic and attainable. Dreams are translated into reachable objectives. Goals should be SMART. 7. information/ feedback seekers They personally seek important data on clients and suppliers, as well as competitors. They must know who to ask, where to ask, what to read, and whom to consult, to know more about the prospect. Know how a product is made, know who makes the products and how much it will cost, and 8. Good Salesman They apply various strategies to follow-up the progress of the enterprise and influence the customers.  9. Risk Takers Despite risks in business enterprises, they take the chance of investing. They believe that in any worthwhile undertaking, there is always a chance of failing, and also a chance of winning. They take into consideration the steps that ,ay be pursued to enhance their chance of winning. Entrepreneurs may fail  10. Self confident Entrepreneurs believe in themselves, and in their ability to get things done, overcome obstacles or meet challenges. They are personal responsible for the job and ensure that it is done well and on time. Success comes because of their abilities, persistence, and hard work.