CCS 9 Long Quiz - First Quarter

competencies refer to the important characteristics that should be possessed by an individual in order to perform entrepreneurial functions effectively.

This means working diligently and being consistent about it. People eople keep improving their performance to produce good products and/or provide good services.

Entrepreneurs have self-reliance in one’s ability and judgment. They exhibit this to cope with the risks of operating their own business.

Successful entrepreneurs always stick to the plan and fight the temptation to do what is unimportant.

Nothing is permanent but change. Change occurs frequently. When you own a business, you should cope with and thrive on changes. Capitalize on positive changes to make your business grow.

An entrepreneur should be creative and innovative to stay in the business and in order to have an edge over the other competitors.

You must put yourself in a position where you are responsible for the failure or success of your business.

An entrepreneur enters the world of business to generate profit or additional income. The business shall become your bread and butter. Therefore, you must see to it that the business can generate income.

A good entrepreneur develops and follows the steps in the plans diligently to realize goals. A good entrepreneur knows that planning is an effective skill only when combined with action.

This is a very important skill needed to be successful in any kind of business. Refer to effective and efficient communication and establishing good relationship to the people working in and out of your business.