ILYN S.

GARINGO
BTVTED-FSM TVT2-A

1. Self-Discipline, Integrity, Persistence, Clear Sense of Direction, Decisiveness and Action-

taking. These 5 approaches/methods to set your mentality to succeed, you will discover
that not only you train yourself up to becoming a better entrepreneur, but also discover
many more of your strengths along the way. Some of which, perhaps you have never
known about!
2. As an employee my stress level was always low. I went into work, knew what was
expected of me, put in my hours, and came home. do not have to worry about where
your next paycheck is coming from or running the daily operations of a business. when
you clock out you’re done with work. You can go home to your family and forget about
your job. As an employee your income is limited.
As an Entrepreneur when you are working for yourself it can be hard to get out of work
mode. Especially if you work at home. Your computer and phone are always near you
and it is so tempting to check your email or do a little more work. The advantage is that
depending on your business, you may get to work less hours than an employee would
and therefore get to spend more time with your family and friends. The amount of
money you bring in and the rate your business grows is all up to you.
3. Do not spend the time trying to impress anyone, because what you do may end up
causing jealousy, making more enemies and competitors. You would want to make
more friends, partners, and collaborators by inspiring them.
Do not spend the time trying to look good with the label “entrepreneur” because
everyone says it’s “really cool” when what you are doing every day is not working on
the business progress but making yourself busy to look like you are successful.
4. You must adjust and make a business decision as to whether or not you want that
person on your team or if you want to mentor them up for the future. I am stunned by
how many people run businesses and expect others to care about their business as
much as they do. The only way I expect somebody to care about my business as much
as I do is if they have equal equity in that business. And even then, I do not expect them
to care as much as I do.
ILYN S. GARINGO
BTVTED-FSM TVT2-A

5. Entrepreneurial cognition is defined as the knowledge structures that people use to

make assessments, judgments, or decisions involving opportunity evaluation, venture
creation, and growth. It is referred to how entrepreneurs think, how they invent new
things and why they do some of the things they do.
6. There are broadly four approaches to the study of entrepreneurship:
 Sociological Approach.
 Psychological Approach.
 Political Approach
 Composite Approach