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Objectives: List The Characteristics of Entrepreneurs Identify The Rewards of Entrepreneurship State The Problems of Entrepreneurship

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Objectives: List The Characteristics of Entrepreneurs Identify The Rewards of Entrepreneurship State The Problems of Entrepreneurship

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jaime
56 views32 pages
This presentation tackles the presentation of the entrepreneurs together with the problems they face

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Entrepreneurial Competencies

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This presentation tackles the presentation of the entrepreneurs together with the problems they face

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56 views32 pages

Objectives: List The Characteristics of Entrepreneurs Identify The Rewards of Entrepreneurship State The Problems of Entrepreneurship

Uploaded by

jaime
This presentation tackles the presentation of the entrepreneurs together with the problems they face

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Objectives:

1. List the characteristics of


entrepreneurs
2. Identify the rewards of
entrepreneurship
3. State the problems of
entrepreneurship
REVELATION 13:17
And that no man might
buy or sell, save he
that had the mark, or
the name of the beast,
or the number of his
name.
Characteristics of entrepreneurs:
1. They have strong desire to succeed
2. They are risk takers
3. They are creative
4. They take responsibility for their
activities
5. They have a high level of
confidence.
The rewards of
Entrepreneurship

1. Money or material return or


profit
2. Freedom
3. Psychological rewards
Problems of Entrepreneurship
1. Entrepreneurship demands hard
work.
2. Entrepreneurship demands long
working hours.
3. Entrepreneurship may cause
emotional stress.
Strengths and Weaknesses
Skill lack of self confidence
Knowledge inability to speak well
Health Physical appearance
Interest
Desire to grow
Basics of running a business
1. Make sure you get things done
2. Be close to the customers.
3. Innovative. Be open to new
ideas
4. Produce through people. Trust
them.
5. Be hands-on in running your
business
6. Be clear with your values
7. Know your expertise. Continue
doing it. Stick to what you know
best.
8. Keep things simple
9. Keep a lean staff
10. Keep firm on directions but at the
same time give your people
autonomy.
Filipino Values that can make
you a good businessman.
A. Social Acceptance
1. have a genuine regard for
workers.
2. Giving critical or corrective
feedback to a subordinate is
best done in private.
B. Business and Pleasure
1. Filipinos do not see work as
separate from fun.
2. managers can enhance their
leadership effectiveness by
tapping into Filipino penchant
for a festive atmosphere.
3. New members in the work group
can be welcomed with some ritual
fanfare.
C. Professionalism and Personalism
1. The professional and the personal
can not be completely separated.
2. This set of norms implies that
managers need to get to know the
personal backgrounds and
aspirations of subordinates.
GROUP ACTIVITY
Form a group with a member of five
Choose your leader and secretary. Let each
member choose two from the ten basics of
running a business and explain it. It must
be different from what the other members
have chosen. Write all your discussions in
a sheet of paper .
At the back of your paper list your strengths
and weaknesses and discuss ways what
you can do with your weakness.
Entrepreneurial Qualities
and self Assessment
Objectives
1. List the clusters of
personal
Entrepreneurial
Characteristics
2. Identify the characteristics in
each cluster
3. List other factors to consider to
become successful entrepreneur.
Achievement Cluster
It pertains to the desire of the
individual to fulfill or realize
something.
1. Opportunity-Seeker
a. Perceives and acts on new
business opportunities
b. Seizes unusual opportunities to
obtain financing, equipment, land,
work, space, or assistance.
2. Persistent
a. Takes repeated or different
actions to overcome obstacles
b. makes sacrifices or expends
extraordinary effort to complete a
task.
c. Sticks to own judgment in the
face of opposition or
disappointments
3. Committed
a. Accepts full responsibility for
problems encountered.
b. helps own employees to get
the job done
c. Seeks to satisfy the customers
4. Risk- Taker
a. takes moderate risks
b. Prefers situations
involving moderate
risks
5. Values Efficiency and
Quality-Oriented
a. Always strives to raise
standards and aims for
excellence
b. Strives to do things better,
faster, and at a lower cost.
PLANNING CLUSTER
An entrepreneur is clear on
what he wants to achieve.
6. Goal-Seeker
a. Sets clear and specific
short-term objectives
b. Sets clear and long term
goals
7. Information-Seeker
a. Personally seeks
information on client,
suppliers, and competitors
b. Seeks experts to render
business or technical advise.
c. Uses contacts or
information networks to
obtain information
8. Systematic and Planning and
Monitoring
a. develops logical, step-by-step
plans to reach goals
b. looks into alternatives
c. monitors progress and
switches to alternative
strategies when necessary to
achieve goals.
POWER CLUSTER

This means the power to lead,


to convince people of your
ideas, to make people believe
in you, especially those with
negative perceptions.
9. Be Persuasive and Good in
Networking
a. Uses deliberate strategies
to influence or persuade
others
b. uses business and personal
contacts to accomplish
objectives
10. Possess Strong Self-
Confidence
a. Believe in self
b. Express confidence in
own ability to complete a
difficult task to meet a
challenge.
OTHER FACTORS TO CONSIDER

1. PersonalInterest-
His personal interest
will drive him to
engage into
something that will
give him satisfaction.
2. Knowledge/talents – The
skills or talents or
knowledge of an individual
serve as his best asset in
venturing into something
that will earn him an
income.
3. TRAINING/ WORK EXPERIENCE
The kind of training or
experience of an
individual influences his
desire to go into
business.
4. GOVERNMENT SUPPORT/ ASSISTANCE
PROGRAMS

The goal of any


government is economic
development. This is
done through
investment, business
and employment.
5. RATE OF GROWTH OF BUSINESS

Check government and


industry reports to have
a glimpse of the future
of the business you have
in mind.
6. OTHER CONSIDERATIONS
Will you earn more as a
professional or as a
businessman? Answer to
these questions will
determine your next move.
THE ENTREPRENEURIAL
PERSONALITY

1. High need for


achievement
2. Strong belief that they
can control their destiny
3. Risk-taker

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