4. Important Entrepreneurial Traits
1. Hard working: If you are determined to run your
own business, you must concentrate on your work
either as a producer or a seller. The success of
your business depends on how much time and
effort you will spend on it.
2. Self- Confidence: You must have a strong faith in
your ability despite the problems that you will
encounter along the way.
5. Important Entrepreneurial Traits
3. Future-Oriented: Once a person enters in a line of
business, you must understand that you are in a non-
stop contract that an entrepreneur should
understand. It may take several years to build up a
business to a reasonable standard. The goal for most
successful business people is to build a secure job
and stable income for themselves based on their
own ability.
6. Important Entrepreneurial Traits
4. Profit-Oriented: When you enter into the world of
business, obviously, you are looking for income
because you know that this will be your bread and
butter not only for you but also for your family.
Therefore, you must see to it the business can
generate income. Another plan of action is to
expand your own business through the use of your
generated income.
7. Important Entrepreneurial Traits
5. Goal-Oriented: An entrepreneur is forward looking.
You have an advanced preparation for your
business. You set a long-term goal for the activities
that are needed, an extensive preparation for the
production process and procedures that you need
to go through to acquire, human and non-human
resources. Everything in your business need to be set
clearly, organized, and planned depending on the
goal you want to achieve.
8. Important Entrepreneurial Traits
6. Persistence: Differences in opinion and judgment.
Your opponent can be a part of the rejection on
what you intend to do for your endeavor. As an
entrepreneur, you must be firm, strong-willed, and
stick or follow your own belief.
7. Copes with Failure: “Learn from your mistakes”. As
an entrepreneur, you must learn how to deal with the
frustrations and failures instead, turn these into
productive learning experiences
9. Important Entrepreneurial Traits
8. Responds to Feedback or Open to Feedback: You
must be concerned to know how well you are doing
and keep track of your performance. You must
obtain useful feedback and advice from others.
9. Take the Initiative: A successful entrepreneur takes
the initiative. You must put yourself in a position
where you personally are responsible for the failure or
success of your business.
10. Important Entrepreneurial Traits
10. Willing to Listen: Take time to listen to the advice,
suggestions, and recommendations of fellow
entrepreneurs.
11.Set your Own Standards: This involves developing
and using logical, step-by-step plans to reach the
goals, or offering evaluation alternatives, monitoring
progress, and switching to successful strategies for
the goal you want to achieve.
11. Important Entrepreneurial Traits
12. Copes with Uncertainty: Pursue your vision to be a
successful entrepreneur, you should know how to
handle unusual events that may happen in the
business which include problems in managing the
workers, problems on the delivery of goods and
services, and the problems on demand and
production. You must be patient in dealing with
these uncertainties.
12. Important Entrepreneurial Traits
13. Committed: You should know that in your business,
personal needs, attachment to your friends, families
and relatives are set aside. You must separate the
money for your business from the amount that you
need to spend for personal obligations and lifestyles.
14. Builds on Strengths: Successful business people base
their work on strengths. Use your manual skills,
knowledge in creating products or services, knowledge
in trade and industry, ability to make and use of a wide
network of contacts to build your business.
13. Important Entrepreneurial Traits
15. Reliable and has Integrity: An entrepreneur must
build a good reputation, possess the courage to do
the right thing, do what you say, walk your talk, be
loyal, and be fair in dealing with the subordinates
and costumers.
16.Risk-Taker: Risk sometimes cannot be
anticipated. When misfortunes happen, consider
these as challenges and work them out and set
good alternatives. Risks may result to loss of your
business or even bankruptcy.
14. Aligning one’s Personal
Entrepreneurial Competencies
Directions: Choose from the list below the
characteristics and traits that best describe your
own personal entrepreneurial characteristics.
Find ways on how to align them according to the
personal entrepreneurial characteristics of an
entrepreneur which we discussed. Write your
answers in the activity sheet provided.
15. Strengthening your Identified PECs
Here are your guides on how to strengthen your own
PECs.
1.React positively to criticisms and open to feedback.
2.Always demonstrate positive attitude to achieve a
desired goal.
3.Always project strong and well-balanced behavior.
4.Always exercise the assertive style in your work
environment.
5.Avoid being too passive and too aggressive.
16. 6. Don’t let anyone worsen your business life.
7. Prioritize your business goal rather than personal
goal in order to become a successful entrepreneur.
8. Acquire specific skills for creating and maintaining a
conducive work environment.
9. Be responsible in everything you do in your business.
10. Always observe business ethics in putting up a
business
Strengthening your Identified PECs