PNTC COLLEGES

Zone III, Lt. Cantimbuhan St. Poblacion, Dasmariñas City

ACTIVITY SHEET
Name ESCOBEDO VERNIE D. Year and MT-NPBST32-A1
Section
Course Code SOC 319 Course Title Social Science and
Philosophy(Includes PADAMS,
Occupational Health & Safety)
Module Number 14 Content Topic The Entrepreneurial Mind:
Concept, and Characteristics
of Entrepreneurship
Teacher Mr. De La Torre Date June 28,2022

PART 1. EVALUATE
1. What is entrepreneurial mind?
Answer:
It is a way of thinking that enables you to overcome challenges, be decisive, and accept
responsibility for your outcomes. It is a constant need to improve your skills, learn from your
mistakes, and take continuous action on your ideas. Anyone willing to do the work can
develop an entrepreneurial mindset.

2. What is the main concept of entrepreneurial mind?

Answer:
The entrepreneurial mind's main notion is a way of thinking that enables you to overcome
challenges, be decisive, and accept responsibility for your outcomes. It is a constant need
to improve your skills, learn from your mistakes, and take continuous action on your ideas.

3. What are the 5 entrepreneurial mindsets? Explain.

Answer: 5 characteristics of Entrepreneurial Mindset
1. Decisiveness - To succeed as an entrepreneur, you must gain the ability to look at a
problem or situation, digest all available data (at that point in time), and make a confident
decision to move forward.Your ability as a decision-maker will make or break your future
successes.In fact, at the opposite end, indecision is one of the greatest causes of business
failure.When you can’t decide what to do, you delay taking action. In other words, you do
nothing. Think about how many dreams (and businesses) failing to take action has killed.
Like many other skills an entrepreneur needs, being decisive is a skill that can (and should)
be practiced and strengthened in your day to day life — starting with the tiniest decisions.
2. Confidence - There are many skills you will need to learn to accomplish everything you
want in life.But how do you act confidently when you don’t know what you are doing?
You learn to act with confidence, the second characteristic of the entrepreneurial mindset.
And one the of the most important qualities of an entrepreneur.
It is essential that you get used to the uncomfortable feeling of knowing that you don't know
what you’re doingWhether it's getting on stage to speak, launching your product, or learning
how to start a blog and publishing your ideas to the world, we tend to see others doing it
and incorrectly assume they've always been good at it. They weren't born knowing how to
speak confidently, launch successful products, or write excellent books. They also weren't
born knowing how to become entrepreneurs.
3. Accountability - The entrepreneurial mindset comes from taking responsibility for your
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Zone III, Lt. Cantimbuhan St. Poblacion, Dasmariñas City

actions and outcomes.

You need to internalize and accept that:
 Everything that happens at work – YOU are responsible for.
 Everything that happens to your business – YOU are responsible for.
 Whether you succeed or fail, it is YOUR responsibility
From this moment forward, you must accept responsibility for everything in your life and
hold yourself accountable to it.
Sorry to tell you, but nobody cares how little time, money, or external support you have to
accomplish your goals. Your circumstances may not be your fault, but they are your
responsibility.
There are no more excuses. Accountability is required of entrepreneurs as well as
successful employees. Stop passing the buck and blaming others.
Hold yourself accountable – even when you aren’t to blame – and take action to fix the
problem.
The entrepreneurial mindset requires you to take complete control and hold yourself
accountable to your outcomes – both good and bad. As James Altucher said on the
podcast, life is a sentence of failures punctuated with brief successes.
4. Resilience - As an entrepreneur, you will need to learn to deal with making mistakes and
failing. They are inevitable and a part of your growth.
If every misstep plummets you into self-doubt, you have to change the way you look at
being wrong. This mindset shift takes resilience and is foundational to the entrepreneurial
mindset. Success rarely happens in a straight line. Taking wrong turns and making
mistakes is something that happens to everyone. Resilience isn’t only helpful when dealing
with catastrophic mistakes. It’s a way to handle the small, simple decisions you’ve made
that didn’t turn out right. Resilience enables you to think, act, and move iteratively —
making small, incremental corrections along the way.
5. Humility - Humility is freedom from pride or arrogance, and it ties all of the characteristics
of entrepreneurship. From decisiveness to confidence, humility will keep you focused and
centered. From accountability to resilience, you will continue to move forward through
failure, mistakes, and upsets.

4. How will you develop your entrepreneurial mindset?

Answer:
- Somebody can learn to grow up like an entrepreneur, develop the necessary habits, and
pick up some business tricks to start a business or a side hustle without fear.
- Without quitting your job, learning how to code, or having a million-dollar concept, you can
work toward launching a business and collecting passive income. It also helps to have a
tried-and-true online company plan.
- Mastering your inner game is a skill that can be learned. The majority of people are hesitant
to begin chasing their aspirations.

5. What best characteristics of an entrepreneur must be? Why?

Answer:
Entrepreneurs are enthusiastic and upbeat people. The most fundamental characteristic of

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Zone III, Lt. Cantimbuhan St. Poblacion, Dasmariñas City

a successful entrepreneur is Confidence. They really enjoy what they do and are prepared
to work long hours to help their company flourish. They derive a sense of fulfillment from
their profession that extends beyond monetary gain.

PART 2. EXTEND
1. In your own opinion, what is entrepreneurship really like? Why?
Answer:
for me entrepreneurship is the skills, the mindset of a person should possess when
entering or planning to conquer the world of business. Because business is full of risk, full
of decision making and should know the consequences of every action, decision made for
the business.

2. Is entrepreneurial education really important? Why?

Answer:
Yes, because you can also apply it to the business firm or the company you working on the
skills that you know in business enterprise. And also in our daily life you can apply also the
skills you have even if you stand a sari sari store in your house, you can apply it and also
considered it as a business.

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