PERSONAL ENTREPRENEURAL COMPETENCIES

Entrepreneurial Competencies are defined as underlying characteristics passed by a person, which result in new venture creation.

ENTREPRENEUR

A person who organize and operates a business or businesses.

PRACTITIONERS

A person actively engaged in art , Discipline or profession, especially medicine.

10 CHARACTERISTICS OF PERSONAL ENTREPRENEURIAL COMPETENCIES

1. Opportunity Seeking
- Entrepreneurs seek opportunities even in the most challenging and hopeless circumstances, taking actions and seizing new business opportunities.

2. Persistence
- Continuing in doing something against the comments of others who claim you will fail or that you are wasting time and effort.

3. Commitment to work Contract
- Being able to meet the deadline, taking full responsibility for the job no matter how great the personal sacrifice is.

4.Demand for efficiency
- Giving Customers the best the greatest products and services is what makes business successful.

5. Taking calculated risk
- Placing yourself in a situation wherein you need to risk or step outside your comfort zone whether its low, moderate or high risk.

6. Goal Setting
- is the most important competency Because involves creating an action plan intended to inspire and lead an individual or group toward a goal.

7. Information Seeking
- Entrepreneurs gather information about their clients, suppliers, technology and opportunities.

8. Systematic Planning and Monitoring
- Systematic planning and monitoring. Systematic means “in an orderly, logical way”. Planning is deciding what you are going to do. Monitoring means checking. It is, in fact, what a business plan is for: to see if something is feasible prior to trying it.

9. Persuasion and Networking
- Persuasion is the process of guiding people and oneself toward the adoption of an. idea, attitude, or action. It is what makes a strong and valid networking. connection. A persuasive entrepreneur is not only able to convince customers to buy, but also to create a strong network of connections excited about helping their organization or idea grow.

10. Self-Confidence
- Self-confidence is an attitude about your skills and abilities. It means you accept and trust yourself and have a sense of control in your life. You know your strengths and weakness well, and have a positive view of yourself. You set realistic expectations and goals, communicate assertively, and can handle criticism.

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