The Entrepreneurial Mindset PDF

THE ENTREPRENEURIAL MINDSET JEREMIAH S. GONZAGA, LPT, MBA College of Business, Entrepreneurship and Accountancy Cagayan State University-Andrews Campus Tuguegarao City  THE ENTREPRENEURIAL MINDSET...

THE ENTREPRENEURIAL MINDSET JEREMIAH S. GONZAGA, LPT, MBA College of Business, Entrepreneurship and Accountancy Cagayan State University-Andrews Campus Tuguegarao City  THE ENTREPRENEURIAL MINDSET PRE-ACTIVITY Personal Entrepreneurial Competency (PEC Survey) Successful entrepreneurs according to studies possess 10 competencies that enabled them to flourish in the field of entrepreneurship. These competencies, clustered according to Achievement, Planning andA Power proved to be essential to each entrepreneur as they navigate the entrepreneur process and in leading their ventures toward success. By honestly accomplishing this questionnaire prepared by MSI, you will be able to determine the level of attainment of these competencies. Happy Self-Assessment! THE ENTREPRENEURIAL MINDSET –The ENTREPRENEURIAL MINDSET is the LENS through which the ENTREPRENEUR views the world, where everything is considered in the light of the entrepreneurial business.  INNOVATION MINDSET SEE THINGS DIFFERENTLY DO THINGS DIFFERENTLY THINK DIFFERENTLY 3H DECISIONS IN BUSINESS: EFFECTS Php 15.00 Php 100.00 PERSONAL ENTREPRENEURIAL COMPETENCIES Drive to do well, strive for excellence, and to overcome challenges and obstacles in the pursuit of a goal. Internally driven self-starter with a strong sense to compete with others, excel with self-imposed standards and to pursue and attain a challenging goal. Success or failure do not depend on fate or luck Achievement Cluster Planning Cluster Power Cluster  OPPORTUNITY-SEEKING ✓ The Entrepreneur is aware and focused on identifying an opportunity through solving problems and is willing to move forward to advance the idea. ✓ Internal and External Sources ✓ Internal Sources (Hobbies, Interests, Experiences) ✓ External Sources (Market Demand, Market Problems) - Ideas are referred as products of the Mind - Opportunities are Ideas that Contain Potential Economic Value -MORE or ER Products  IDEATION CRISIS WEI JI OPPORTUNITY-SEEKING OPPORTUNITY-SEEKING WHAT IS YOUR OPPORTUNITY STORY?  PERSISTENCE –Does not give up easily when confronted with obstacles. Don’t give up easily when someone disagrees with you. Face the opposition squarely and openly.  COMMITMENT TO WORK CONTRACT The entrepreneur takes full responsibility for his actions. Make only promises that you can keep. Know what to do when to cannot fullfil a promise.  MODERATE/CALCULATED RISK TAKER Entrepreneurs consider the level of Risk in their undertakings. Assess the situation carefully Find out if your actions will have negative side effects Ask for advice from knowledgeable people. Plan for Contingencies HIGH STANDARDS FOR QUALITY AND EFFICIENCY Make quality as your personal trademark. Set high but realistic standards. Be consistent Be careful even if dealing with just one customer. Devotion to quality and efficiency must become a way of life. Use Appropriate technology to help you.  INFORMATION SEEKING The entrepreneur continuously seeks relevant information regarding his Market Clients Suppliers Competitors  GOAL-SETTING Sets Clear and Realistic Goals SMARTER Objectives Specific Measurable Attainable Realistic and Results-Oriented Time-bound Enjoyable Relevant  SYSTEMATIC PLANNING AND MONITORING Step by Step Activities to accomplish the set goals and objectives.  PERSUASSION AND NETWORKING The entrepreneur maintains a network of personal and business contacts. Can Win people’s MIND and HEART  SELF-CONFIDENCE Entrepreneurs believe they can achieve their goals. Have faith in yourself Know as much of yourself as you can. Look in your qualities in a realistic manner Emphasize your strength and play down your weaknesses by choosing activities that you do best. Take care of yourself so you look good to yourself and to others.  HEAD DREAM 3H 1S 3D HEART DESIRE SUCCESS HAND DO Entrepreneurial Dreams from the Head fueled by the Desires of the Heart when Done by the Hand leads to Success.  MABBALO TANNIKAMU!!! AGYAMAN NAK!!! MARAMI PONG SALAMAT!!! THANK YOU SO MUCH!!!