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Sagot :
Personal Entrepreneurial Competencies (PECs):
Assessing one’s PECs in terms of characteristics, attributes, lifestyles, skills, and traits before starting a particular business is necessary in order to determine whether this individual can actually perform entrepreneurial functions effectively. It is also one way to learn several important characteristics, attributes, skills, traits, and lifestyles that best suit the type of business the individual wants to venture or enter in.
To fully understand what PECs is, read the link: https://brainly.ph/question/1478649
Areas Needed to Assess One’s PECs before Starting a Particular Business:
- characteristics
- attributes
- traits
- skills
- lifestyles
Characteristics refer to the distinguishing features or attributes of a person, thing, or event.
Attributes refer to characteristics or features of a person that has been remarkable to others.
Traits refer to the most distinguishing qualities of a person.
Skills refer to the expertise or talents needed to perform a certain task.
Lifestyles refer to the behaviors, behavioral orientations, interests, and opinions of a culture, group, or individual.
Important Characteristics/Attributes/Traits of a Good Entrepreneur:
- ability to accept change
- committed
- confident
- creative
- disciplined
- hardworking
- has the initiative
- profit – oriented
Ability to accept change is the ability to cope with and succeed on changes. As an entrepreneur it is best to focus on positive changes in growing up your business.
Being committed is taking full responsibility over the business. Having a solid dedication can also invite success.
Being confident is necessary to cope with the risks of managing the business. It is the attitude of trusting one’s ability and judgment.
Creative refers to innovativeness which is necessary to cope with business demands and have a competitive advantage.
To be disciplined is to stay with the plan and overcome temptations just to avoid doing those which are needless for the business.
A hardworking entrepreneur works diligently and keeping that diligence until the end. He kept on improving his performance to be able to create better products and services.
An entrepreneur should have the initiative to be responsible with the success and failures of his business plans.
A profit – oriented entrepreneur should see the business as his bread and butter and be optimistic that it will surely generate income.
Important Skills of a Successful Entrepreneur:
- excellent planner
- possesses people skills
- sound decision maker
An excellent planner knows how to maximize his resources through strategic planning and goal setting.
People skills are necessary to establish good relationship towards the people he is working with. An effective communication is the essence of daily transactions. Interpersonal skills are the keys in growing up a business.
A sound decision maker can deliver wise decisions based on the available facts and considerate of the pre – determined business objectives.
To know more about assessing one’s PECs, read the following links:
https://brainly.ph/question/153050
https://brainly.ph/question/315213
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