Overview of

Entrepreneurship
Module 1

Maria Fatima E. Montealto, LPT

Author
Common and Core Competencies
in Entrepreneurship
 Common Core
Entrepreneurial Competencies
Competencies

Traits that entrepreneur Traits that entrepreneur

should always have. should develop in
managing and running
the business.
 Common Traits

Entrepreneurs are reactive rather than

passive.
Proactive They ensure that proper research is done, the
risk factors are assessed, and plans are
executed on a timely and most efficient way.
 Common Traits

Entrepreneurs innovation champions. They

are always enthused to improve and develop
Agents of change new products and services and introduce
them to the market.
 Common Traits

Entrepreneurs will not be successful if they do

not take risks. They calculate risks; if they
Risk takers think that there is a big chance of succeeding,
they push through with the venture and don’t
let the opportunity pass.
 Common Traits

Entrepreneurs have a talent for recognizing

Have a sharp an opportunity even by using the macrolevel
data only. They know how to assess the net
eye for cause and effect of an opportunity and decide
opportunities intelligently if a venture should be considered
or not.
 Common Traits

Relationship management is the key for

Sociable employee and customer retention, which can
be achieved by a sociable entrepreneur.
 Common Traits

Networking can be a very intimidating task, for

it takes a lot of guts to pull it off. Successful
Networkers entrepreneurs gain trust of their valuable
network and maintain a long-lasting
relationship with them.
 Common Traits

Entrepreneurs always have a decision about

their business. They make sure that all
aspects of their business have clear
Decisive objectives and strategies. They base their
decisions on scientific calculations backed up
by their experience and technical knowledge.
 Common Traits

The minds of entrepreneurs should have a

balance between the analytical and creative
side. Their brains are always playing with
Balanced “unique ideas” that no one has ever thought of
yet. Entrepreneurs always have “Eureka!”
moments and enjoy them.
 Common Traits

The minds of entrepreneurs are rich with big

ideas that can add value to their existing
Innovative business or could become a game changer in
the industry or business where they belong.
 Common Core
Entrepreneurial Competencies
Competencies

Traits that entrepreneur Traits that entrepreneur

should always have. should develop in
managing and running
the business.
 Core Traits

Successful entrepreneur always have the

heart of a leader. They must be a source of
inspiration for their employees. Leaders use
Leaders their strengths and limitations to make the
best of a situation. They know how to unite
the team and bring out the best in every
employee.
 Core Traits

Entrepreneur know how to use all forms of

communication to effectively share ideas and
address certain concerns with their customers
Communicators or employees. Effective communication not
only provides people with a clear view of what
the business offers, they also prevent
mishaps in an organization.
 Core Traits

Entrepreneurs are experts in their chosen

business. When asked about the specifics of
their product or service, they can easily
Specialists answer without heavily relying on their people.
They enjoy being in action instead of being
behind the scenes.
 Core Traits

Entrepreneurs know how to handle issues in

any area of the business, be it finance,
operations, or marketing. They listen to the
Problem Solvers plight of their employees on certain problems
involving their units, and come up with
strategic solutions.
Activity!
Mechanics
1. You will be given 10 minutes to
conceptualize the trait you have picked.
2. Present it to the class, and the other
groups will guess what trait is being
portrayed.
3. The non-presenting groups should have a
representative to raise their hands and
answer the question before guessing.
4. 10 points will be given to the group who
will present the trait and 5 points to the
group who will guess the trait.
5. Non-presenting groups can guess only
once per play.
Knowledge will give you power, but good character
will give you respect.
 Assignment

Study the difference between

Entrepreneurship and
Employment.
That’s all. Thank you! 
Any Questions?

Maria Fatima E. Montealto, LPT

Author