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Personal Entrepreneurial Competencies

Personal Entrepreneurial Competencies. Information, Communications Technology lesson 2. Personal Entrepreneurial Competencies. Hello, I will be telling you the Personal Entrepreneurial Competency that Paolo has. Hello there, I will be telling you about Paolo. Examples.

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Personal Entrepreneurial Competencies

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  1. Personal Entrepreneurial Competencies Information, Communications Technology lesson 2

  2. Personal Entrepreneurial Competencies Hello, I will be telling you the Personal Entrepreneurial Competency that Paolo has. Hello there, I will be telling you about Paolo.

  3. Examples Paolo and his classmates are required to do a lot of paperwork like summaries, book reports, and term papers. All these need to be typewritten forcing his classmates to rent computer. Because he has computer, he offered to encode his classmates papers for a fee.

  4. Personal Entrepreneurial Competencies Vigilance for Opportunities When an entrepreneur sees as 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.

  5. Examples Sometimes, he finds it hard to finish a typing job because he also has his own term papers to work on. But Paolo does his best to finish the task that his classmates entrust to him. He therefore skips his leisure activities to deliver the task

  6. Personal Entrepreneurial Competencies Commitment to work contract An entrepreneur always delivers his promise promptly. He values his reputation for dependability and will do everything not to back out on a commitment.

  7. Examples Because he is swamped with typing jobs, Paolo sometimes mixes up his classmates papers and type the wrong items. Instead of losing patience and quitting, he revises his work until he get things right.

  8. Personal Entrepreneurial Competencies Persistence An entrepreneur does not let setback lead to failure. He is so committed to his goal that he finds always to overcome obstacles and accomplish his tasks he set for himself.

  9. Examples Soon,Paolo has saved enough money to buy a second computer. It was a lot of money for a first year student like him, but he knew he would profit from it by renting it out to his classmates.

  10. Personal Entrepreneurial Competencies Willingness to take risks An entrepreneur knows that business involves taking risks. It is when one takes his chances with a new venture that better products and services are discovered.

  11. Examples Paolo practices accurate typing and improves his speed. He does this to make sure he is able to come up with the best results at the fastest time possible.

  12. Personal Entrepreneurial Competencies Demand for efficiency and quality A true entrepreneur does not settle for anything but the best. He is 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.

  13. Examples Soon, many of Paolo's classmates frequent his house to take turns renting his computers. He then resolved to use all his profits to buy two more secondhand computers in the next two months.

  14. Personal Entrepreneurial Competencies Goal Setting Setting goals gives the entrepreneur a sense of purpose. It inspires him to make definite plans and to follow those plans with concrete action.

  15. Examples Having acquired two more computers, he carefully planned on the additional software to install in the units so that the systems will not slow down. He also installed a program that automatically records computer use.

  16. Personal Entrepreneurial Competencies Systematic Planning and Monitoring The success of an entrepreneur relies greatly on his ability to make detailed plans before starting out a new venture. He couples this with careful evaluation to be aware of his progress every step of the way.

  17. Examples After installing the necessary applications, he convinced his classmates that they will have access to all the software they will need to do their assignments. He was also able to convince them to pass the news around about his superior services.

  18. Personal Entrepreneurial Competencies 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.

  19. Examples Although there are bigger computer shops around. Paolo’s classmates still prefer to use his computes. This is because he shows total belief in the advantages of his service over the more expensive and impersonal shops.

  20. Personal Entrepreneurial Competencies Self Confidence An entrepreneur shows confidence in his business because he knows he has done and is doing his best to give his clients the best value for their patronage.

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