Personal Entrepreneurial Competencies

Mrs. Gina Magnolia open up her own retail business. She know that her personal entrepreneurial characteristics are insufficient to ensure a successful operationalization of a business that she has in mind. Your answer to the questions below will help in developing her PECs.

1.What PECs must she possess if there are customers who complain about the quality of her product?

• Patience

• Hardworking

• Versatile

• All the above

2.Which of the following is NOT considered as a characteristics of an entrepreneur?

• Copes with a failure

• Dependent

• Persistent

• Opportunity seeker

3.If she want to ensure a profitable business operation, What characteristics will she maintain?

• Commitment

• Goal - oriented

• Futuristic

• Opportunity

4.Mrs. Magno follows the advice of a friend to be flexible especially if she intends to open a retail business. What PECs has been demonstrated by Mrs. Magno?

• Self-confidence

• Reliable and has integrity

• Open to feedback

• Persistent

5.She tells Mary, her best friend that she has a strong will and does not give up to find a solution to a business problem. What PECs has been demonstrated by Mrs. Magno

• Hardwork

• Persistence

• Self -confidence

• Risk-taking

6-10.Answer the following questions based on your own understanding.

6.What are the personal entrepreneurial competencies of successful entrepreneur?

7.How do you relate your PECS to the PECS of a successful entrepreneur?

8.How does your action plan help sustain your pecs and address your development areas based on your PECs?

9.Why is there need to assess one's personal characteristics attributes lifestyle skills and traits?

10.Why is it necessary to compare one's personal characteristics attributes lifestyle skills and traits to the personal entrepreneurial competencies of successful entrepreneur?