PECs

You should know that your business, your personal needs, attachment to your friends, families and relatives are set aside. You must separate the money for your business from the amount that you need to spend for personal obligations and lifestyles.

• Able to take Risk

• Able to build on strength

• Profit Oriented

• Committed

As a rule of thumb, Learning from your mistakes is the name of the game. As an Entrepreneur you must learn early on how to deal with your flaw. You must exercise flexibility and think affirmatively on what you are planning to do.

• Hardworking

• Able to cope with frustration and failure.

• Able to take the initiative

• Able to take risk

Once you go into business you must understand that you are engaged in a non-stop contract.

• Future-oriented

• Able to take initiative

• Able to build on strength

• Reliable and has integrity

If you are determined to run your own business, you must devote your time to it and work hard as a producer or seller. The success of your business depends largely on the time and effort you spend on it.

• Persistent

• Hardworking

• Goal oriented

• Self Confident

An entrepreneur id looking forward to growth and development of his/her business. You should set short and long term goals in the 4M’s in production, namely, manpower, method, materials, and machineries. There must be a clear, organized and well-planned production process in order to to grow your business.

• Self-Confident

• Persistent

• Goal oriented

• Able to take the initiative

When you enter the word of business, obviously, you are looking for income. The amount of investment should indicate a positive return in a given period of time.

• Future oriented

• Able to set your own standards

• Profit oriented

• Goal oriented

As an entrepreneur, you must build a good reputation, possess the courage to do the right thing, do what you say, walk your talk, be loyal, and be fair in dealing with the subordinates and customers.

• Able to take risk

• Able to cope with uncertainty

• Open to feedback

• Reliable and has integrity

In pursuing you vision to be a successful entrepreneur, you should know how to handle unusual events that may happen in the business which include problems in managing the workers, problems in the delivery of goods and services and problems on demand and production.

• Goal oriented

• Future oriented

• Able to cope with uncertainties

• Able to build on strength

You must be concerned to know how well you are doing and keep track of your performance. You must obtain useful advices from others, and be able to respond accordingly.

• Open to feedback

• Willing to listen

• Able to set your own standards

• Persistent

You must have a strong faith in your ability to run your business despite the many problems you will meet along the way. Believe in yourself and think positively.

• Persistent

• Able to cope with frustrations and failure.

• Self-Confident

• Able to cope with uncertainties.