2 Competencies in Entrepreneurship

WELCOME
Awesome Entrepreneurs!
entrepreneurship
Competencies In Entrepreneurship
and Job Opportunities for
Entrepreneurship as a Career
After going 1. Gain insights about
through the the competencies
every Entrepreneur
module, you should develop.
are
expected 2. Explore job
to: opportunities for
Entrepreneurship
as a career.
Review
Entrepreneurship Entrepreneur
the process of one who creates a new
developing and running business in the face of risk
a business which is built and uncertainty for the
around an idea to solve a purpose of achieving
problem or address an profit and growth by
issue in a unique way. identifying significant
opportunities and
assembling the necessary
resources to capitalize on
them
Why you may
want to pursue
entrepreneurship?
Reasons People Pursue
Entrepreneurship
Eureka – You have
a brilliant idea and
want to give it a try!
You want to be my
own boss.
Ka-ching, I want to
be rich
You hate your job –
you’re no longer
inspired, you’re at a
dead end
You think it’s
glamorous and
exciting
You want
Satisfaction,
professional growth,
and increased
responsibility
You want flexibility
and freedom
What does it take
to be a successful
entrepreneur?
Mind-set & Skills Needed For
Entrepreneurial Success
• Are you a self-starter?
• Are you a positive
thinker?
• Are you disciplined?
• Can you be objective?
Traits of 1. Vision
Successful 2. Sticking at it
Entrepreneurs 3. Passion
4. Uncertainty-tolerant
5. Self-confidence
6. Adaptability
7. Rule-breaking
8. Ability to plan
9. Involved
10.Self-motivated
How would you
know if you have
what it takes to be
an entrepreneur?
1. The ability to manage money
2. The ability to raise money
3. The ability to relieve stress
4. The ability to be productive
5. The ability to make entrepreneur friends.
6. The ability to identify strengths and weaknesses.
7. The ability to hire effective people.
8. The ability to train new staff.
9. The ability to manage staff.
10. The ability to conduct SEO (Search Engine Optimization)
11. The ability to A/B split test.
12. The ability to connect via social networking.
13. The ability to focus on your customers.
14. The ability to close a sale.
15. The ability to spot new trends.
16. The ability to deal with failure.
17. The desire to improve your world.
What are the Skills/
Competencies You
Need to Develop
to Become a
Successful
Entrepreneur?
Core and Common
Competencies In
Entrepreneurship
Competencies in
entrepreneurship play a
leading role in making
entrepreneurs successful
Entrepreneurial competencies
 facilitate opportunity
recognition,
 help adapt rapidly to changes,
 enhances business
performance,
 strengthen the firm’s
competitive position and
 stir the achievement of
organizational success.
Entrepreneurial competencies
It is the sum total of the
personality, skills and
knowledge that the
entrepreneur possesses, which
are necessary to effectively
perform their functions and
responsibilities
So, what is Competence is an
underlying personal
competence?
characteristic which
leads to superior
performance.
It is a combination of
knowledge, skills,
attitudes, and
motives.
What about Core competence
is the foundation for
Core
sharpening a
Competence? company's
competitive edge
and it guides brand
reputation, business
growth, and
marketing strategy .
And, common Common
competence? Competence is
one that describes
the knowledge,
skills and abilities
found in most or all
position .
Core Competence Common Competence
1. Organizing and Planning 1. Analytical and critical
2. Cash flow management thinking
3. Personnel management 2. Decision making
4. Operations and
distribution 3. Leadership
5. Customer Relations 4. Communication
6. Bookkeeping/Accountin 5. Computer Literacy
g
7. Promotions and 6. Human Relations
Advertising 7. Managing Change
8. Resources Management 8. Creative Thinking
9. Financial Management 9. Time Management
10. Information
Management 10. Conflict Management
Generally, • Engineering
there are four
• Manufacturing
skills necessary
to successful • Selling
business. • Business
They apply
equally to any
business.
Engineering
the skill to invent and
develop new
products (or
services).
Manufacturing
the skill to deliver
them, consistently
and reliably, with
quality, service, and
price.
Selling
the skill to sell them.
Business
the skill to make a
profit doing the
other three.
4 Essential
Entrepreneurship
Skills for School
Students
Problem Identification skills
Team Building Skills
Financial Modelling Skills
Innovation and Creativity
Problem Identification Skills
• Problem-solving ability benefits not only
students in their academic or
professional lives, but also helps them in
building a positive attitude in tackling
everyday life challenges.
• Entrepreneur courses help students instill

the ability of problem identification and
problem-solving skills.
• The basic step is to identify the problem

and understand the underlying issues.
Problem Identification Skills
• School students get a chance to
explore their creative capabilities
and think and research in-depth
about the problems and coming
up with innovative solutions.
• Along with problem identification

skills, students get to expand their
creativity, researching skills,
emotional intelligence, decision
making, risk management, and
communication skills.
Team Building Skills
• Team building is the ability to know how
to help and work as a group where all
the members feel they have an
important part to play.
• With essential entrepreneurship skills,

school students learn how to build
effective teams, how to manage and set
team targets and goals, how to deal with
team conflicts and many more.
• Students also get to learn environment

monitoring, problem solving, technology
implementation and use, interpersonal,
organizational skills.
Financial Modelling Skills
• Financial Modeling skills
help students understand
and evaluate the
investment tangents of
businesses, identify
investment opportunities,
mergers & acquisitions,
raising capital, or
assessing the financial
performance of the
business.
Financial Modelling Skills
• School students get
to learn the
fundamentals of
understanding how
to build a forecast
and prepare
strategic business
financial goals.
Innovation and Creativity
• Entrepreneurs must have
an agile mindset, meaning
they must be quick-
thinkers.
• They must have an

aptitude for solving
complex problems with
creative and innovative
solutions.
Innovation and Creativity
• They must have the
ability to the following
skillset: self-control and
discipline, risk
management,
innovation, persistence,
leadership, change
management, network
building, and strategic
thinking.
What are the
benefits of being
an entrepreneur?
1. You’re your own
benefits of boss.
being an 2. Your income
potential is
entrepreneur unlimited.
3. You choose where
and when to work.
4. You make money
by doing something
you love.
5. You get to make an
impact on people’s
lives.
6. You get to be a
benefits of leader.
being an 7. You get to meet
entrepreneur like-minded
people.
8. You are constantly
growing yourself.
9. You live life in your
own terms.
10.You are fulfilled.
What are the
opportunities for
Entrepreneurship
as a career?
• Internet / Online
Businesses
• Service Businesses
First, you • Home-Based Businesses
• Socially Responsible Non-
may want profit Businesses
• Focus on Technology
to consider • Outsourcing – contracting
with other companies for
the current service
• Strategic Alliances –
Trends in forming a partnership with
another company
• Corporate Ventures –
Business new venture started
inside a large corporation
• Convenience
Products/services
What are the Job
Opportunities for
Entrepreneurship as
a Career?
If you’re an aspiring
entrepreneur, there are
different career paths you
can take to turn your dream
into a reality.
Which path you choose will

depend on your experience,
skills, finances, and flexibility,
as well as your goals for the
future.
Entrepreneurship Career Opportunities
for the Academic Track
• Business Consultant
• Sales
• Research and development
• Not-for-profit fundraiser
• Teacher
• Talent recruiter
• Business reporter
• New venture creation
• Career in existing
entrepreneurial ventures
for the TECHVOC Track
Fine Arts
• Artist
• Graphic designer
• Photographer
• Art gallery manager
• Film director
Fashion Designing
• Designer wear production
• Fashion marketing, planning and
concept management
• Fashion media design management
• Fashion accessory design, quality
control, and promotion brands
• Costume designer
• Fashion consultant and personal
stylist
• Technical designer and graphic
designer
• Fashion coordinator
Sports
• Health club manager
• Strength, wellness or
conditioning coach
• Fitness program or event
planning manager
• Professional or amateur team
manager Sports facility
manger
• Corporate fitness director
• Rehabilitation center director
• Nutrition center manager
Other TECHVOC Track
• Cook/Chef
• Automotive mechanic
• Electrician
• Technical support specialist
• Tool keeper and technician
• Network support Associate
• Mechanical technologist

2 Competencies in Entrepreneurship

Uploaded by

Copyright:

Available Formats

2 Competencies in Entrepreneurship

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

2 Competencies in Entrepreneurship

Uploaded by

Copyright:

Available Formats

WELCOME

• Entrepreneur courses help students instill

• The basic step is to identify the problem

• Along with problem identification

• With essential entrepreneurship skills,

• Students also get to learn environment

• They must have an

Which path you choose will

You might also like