Personal

Entrepreneurial
Competencies
Entrepreneurship
Entrepreneurship
 Process of creatively
converting ideas into goods
and services which can be
marked to obtain profit and
to contribute in improving
the people’s quality of life
Entrepreneur
Entrepreneur
 People who have the ability
to analyze and evaluate
business opportunities
Rewards of Going into Business or
Entrepreneurship
Having unlimited opportunity to make money.
Being your own boss.
Tapping your creativity.
Overcoming challenges and finding
fulfillment.
.
Helping others.
Building an entrepreneurial legacy.
Risks of Going into Business or
Entrepreneurship
Possibility of Failure
.
Unpredictable business conditions
.
Long hours of work
.
Unwanted or unexpected responsibilities
.
Important Entrepreneurial
Traits
 Hardworking
 Confident
 Disciplined
 Committed
 Ability to accept change
 Creative
 Has the initiative
 Profit oriented
Hardworking

Working diligently and being consistent about it.

Confident

Self-reliance in one’s ability and judgment

Disciplined

Always stick to the plan and fight the temptation to do

what is unimportant.
Committed

They give full commitment and solid dedication to make

the business successful. .
Ability to accept change

Adaptable to change
Creative

Innovative to have edge over the other competitors.

Has the initiative

You must put yourself in a position where you are

responsible for the failure or success of your business.
Profit-oriented

Always looking for an opportunity to have/earn money.

Important Skills of a Successful
Entrepreneur
Excellent planner

Strategic thinking and setting of goals.

Possesses people skills

Effective and efficient communication skills and relates

well to people
Sound Decision maker

Makes wise decisions towards the set objectives