1 / 5

LESSON 2

LESSON 2. PERSONAL ENTREPRENEURIAL COMPETENCIES (PECs). FREE ENTERPRISE. The freedom to engage in business without control by the government, which gives aspiring businessmen a chance to compete. PECS

gin
Download Presentation

LESSON 2

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. LESSON 2 PERSONAL ENTREPRENEURIAL COMPETENCIES (PECs)

  2. FREE ENTERPRISE The freedom to engage in business without control by the government, which gives aspiring businessmen a chance to compete. PECS Vigilance for Opportunities- when an entrepreneur sees an opportunity for business, he is quick to take it. Entrepreneurship is a competitive field, and he is always on the lookout for chances to improve his position.

  3. 2. Commitment to work contract-always delivers his promise promptly. He values his reputation for dependability and will do everything not to back out on a commitment. 3. Persistence- doesn’t let setbacks lead to failure. He is committed to his goal that he finds ways to overcome obstacles and accomplish his tasks he set for himself. 4. Willingness to take risks- knows that business involves taking risks. It is when one takes his chances with a new venture that better products and services are discovered.

  4. 5. Demand for efficiency and quality- doesn’t settle for anything but the best. He also insist that items of excellent quality be done at the soonest time possible. This increases his productivity and sets him apart from the competition. 6. Goal setting- gives the entrepreneur a sense of purpose. It inspires him to make definite plans with concrete actions. 7. Information seeking- always searching for new information to improve his business

  5. 8. Systematic planning and monitoring- the success relies greatly on her ability to make detailed plans before starting out on a new venture. 9. Persuasion and networking- an entrepreneur with a good product or service to offer is able to promote it convincingly. In addition, satisfied customers will help him promote the business through word of mouth. 10. Self confidence- shows confidence in his business bec he knows he has done and is doing his best to give his clients the best value for their patronage

More Related