PEC's (Personal Entrepreneurial Competencies)

Entreprenuers are usually people with ideas, initiative and skills to lead and manage the business.

• Power Cluster

• Planning Cluster

• Achievement Cluster

• Hardworking

A successful entrepreneur is flexible and creative. He/She knows how to plan business activities, make realistic decisions and set goals that are easy to attain.

• Power Cluster

• Manager Abiliy

• Planning Cluster

• Achievement Cluster

Entrepreneurs dedicate time and energy to a business.

• Persistent

• Committed

• Optimistic

• Risk-taker

Goals should be SMART. A stands for?

• Applicable

• Average

• Attainable

• Assurance

A successful entrepreneur has the ability to identify various alternatives/ingredients to improve the product offerings.

• Goal-oriented

• Achiever

• Committed

• Persistent

What is RISK?

• The outcome of a business.

• The probability of loss.

• Essential requirement in entrepreneurship.

• Joins ventures where he can control the situation,

An entrepreneur sets goals and accomplishes them.

• Achiever

• Goal-oriented

• Hardworking

• Leadership

One must possess the necessary will or passion to build a business.

• Hardworking

• SMART

• Achiever

• Courageous

The entrepreneur looks for people with special talents or skills to work and produce products that are unique in flavor and appearance.

• Opportunity seeker

• Risk takers

• Attention Seeker

• Committed

An entrepreneur views setbacks/trials as a new direction and not as a failure.

• Positive-minded

• Optimistic

• Pessimistic

• Courageous