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Entrep 1

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Mark Ace Parina
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20 views31 pages

Entrep 1

Uploaded by

Mark Ace Parina
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ENTREPRENEURSH

IP
Personal
Entrepreneurial
Competencies
HENRY SY
TONY TAN
CAKTIONG
SOCORRO RAMOS
LUCIO TAN
ALFREDO YAO
ENTREPRENEUR
Are people with skills & capabilities to
see & evaluate buss. opportunities
They are individuals that can
strategically identify products/ services
needed by the community & they have
the capacity to deliver these at the right
time & at the right place.
ENTREPRENEURSHIP
It is a strategic process of innovation &
new venture creation.
Both an art & science of converting buss.
ideas into marketable products/ services
to improve quality of living
ENTREPRENEURIAL
COMPETENCIES
refers to the important characteristics that should
be possessed by an individual in order to perform
entrepreneurial functions effectively.
important characteristics /
traits / attributes of a good
entrepreneur:
1.Hardworking
This means habitually working diligently for a long
period of time. Hardworking people keep on
improving their performance to produce good
products and/or provide good services.
2. SELF-CONFIDENCE
Entrepreneurs have confidence / trust in one‘s ability
and own judgment. They exhibit self-confidence in
order to cope with all the risks of operating their own
business
3. DISCIPLINE
Successful entrepreneurs always stick on the plan
and fight the temptation to do what is unimportant.
4. committed
Agood entrepreneur accepts full responsibility of
everything in his/her business. He/she gives full
commitment and solid dedication to make the
business successful
5. ability to accept change
Nothing is permanent but change. Change occurs
frequently. When you own a business, you should
cope-up and thrive on changes. Capitalize on positive
changes to make your business grow.
6. creative
An entrepreneur should be creative and innovative to
stay in the business and in order to have an edge over
the other competitors
7. has the initiative
An entrepreneur takes the initiative. You must put
yourself in a position where you are responsible for
the failure or success of your business
8. profit-oriented
An entrepreneur enters into the world of business to
generate profit or additional income. This shall
become the bread and butter for you and for your
family as well. Therefore, you must see to it that the
business can generate income.
important skills of a
successful
entrepreneur:
1. planner
Planning is strategic thinking and setting of goals to
achieve objectives by carefully maximizing all the
available resources.Agood entrepreneur develops
and applies step-by-step plans to realize goals.Agood
entrepreneur knows that planning is an effective skill
only when combined with action.
2. People Skills
People skills refer to effective and efficient
communication and relation to people working in and
out of your business. In day-to-day business
transactions, you need to deal with people.Awell-
developed people skill can spell out the difference
between success and failure of the business.
3. Decision Making
Successful entrepreneurs have the ability to think
quickly, and to make a wise decision towards pre-
determined set objectives. No one can deny that the
ability to make wise decisions is an important skill that
an entrepreneur should possess. Sound decision
should spring out from given facts and information
and should be towards the pre-determined objectives.
LESSON 1:
GENERATING
BUSINESS
IDEAS
ENVIRONMENT AND MARKET
ENVIRONMENT AND MARKET
ENVIRONMENT AND MARKET
ENVIRONMENT AND MARKET
NEEDS VS WANTS
NEEDS are essential to every individual, so he/she may be able to
live with dignity and pride in the community of people. These
needs can obviously help you generate business ideas.

These include:
Basic commodities for consumption;
Clothing and other personal belongings;
Shelter, sanitation, and health; and
Education and relaxation
NEEDS VS WANTS
WANTS are desires, luxury, and extravagance that signify wealth
and an expensive way of living. Wants or desires are considered
above all the basic necessities of life.
THANK
YOU!

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