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Common and Core

Competencies
Entrepreneurship
Kassandra Kay K. De Roxas
Entrepreneurial
Self-Assessment Survey
 The following list describes some common
characteristics of an entrepreneur. The
number(s) after each characteristic indicates the
related statement(s) in the assessment form. This
list interprets the form qualitatively.
 Note that arriving at a conclusive portrait of a
typical entrepreneur is very difficult. Therefore,
you may score low on the assessment and still
succeed as an entrepreneur.
Entrepreneurial
Self-Assessment Survey
1. Works Hard (1 & 8)
2. Wants Financial Success (6)
3. Has Family Support (2)
4. Is Energetic (1 & 8)
5. Has an Internal "Locus of Control', (10)
6. Takes Risks (3)
7. Sacrifices Employment Benefits (4)
8. Has a Need to Achieve (Statements 7 & 11)
Entrepreneurial
Self-Assessment Survey
9. Has Business Experience (12)
10. Is Independent (5 & 9)
11. Has a Self-employed Parent as a Role Model (14)
12. Has Self-confidence (10,15, and 18)
13. Has Integrity (16)
14. Has Determination (17)
15. Adapts to Change (13 and 19)
16. Has a Good Network of Professionals (20)
Entrepreneurial
Self-Assessment Survey
 The following list describes some common
characteristics of an entrepreneur. The
number(s) after each characteristic indicates the
related statement(s) in the assessment form. This
list interprets the form qualitatively.
 Note that arriving at a conclusive portrait of a
typical entrepreneur is very difficult. Therefore,
you may score low on the assessment and still
succeed as an entrepreneur.
Rank them Down
Agents of Change Networkers
Balanced Proactive
Decisive Sociable
Innovative Risk Takers
Have a Sharp Eye for Opportunities

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Entrepreneurial
Common and Core
Competencies

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Entrepreneurial
Common Competencies
1. Proactive 6. Networkers
2. Agents of Change 7. Decisive
3. Risk Takers 8. Balanced
4. Have a Sharp Eye 9. Innovative
for Opportunities
1. Sociable

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Entrepreneurial
Common Competencies

Entrepreneurs do not
just grab opportunities
left at right; they have
to take into
considerations the
potential various 9
Entrepreneurial
Common Competencies
RISK TAKERS
 Entrepreneurs will not be successful if they do
not take risks.
 Entrepreneurs do not just grab opportunities
left at right; they have to take into
considerations the potential various threats
they may encounter.

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Entrepreneurial
Common Competencies
RISK TAKERS
 Entrepreneurs calculate risks; if they think that
there is a big chance of succeeding, they push
through with the venture and don’t let the
opportunity pass.

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Entrepreneurial
Common Competencies
Soft skills are one of the
most important
competencies of
entrepreneurs as these
establish the
relationship with 12
Entrepreneurial
Common Competencies
SOCIABLE
 Soft skills are one of the most important
competencies of entrepreneurs as these
establish the relationship with the most
important assets of the company – employees
and company.

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Entrepreneurial
Common Competencies
SOCIABLE
 Relationship management is the key for
employee and customer retention, which can
be achieved by a sociable entrepreneur.

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Entrepreneurial
Common Competencies

They do not stop


improving and
thinking of new
and worthwhile
ideas for their 15
Entrepreneurial
Common Competencies
INNOVATIVE
 The minds of entrepreneurs are rich with big
ideas that can add value to their existing
business or could become a game changer in
the industry or business where they belong.

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Entrepreneurial
Common Competencies
INNOVATIVE
 They do not stop improving and thinking of
new and worthwhile ideas for their business.

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Entrepreneurial
Common Competencies
They address issues,
problems and
challenges before they
come rather than when
they already happened.
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Entrepreneurial
Common Competencies
PROACTIVE
 They address issues, problems
and challenges before they
come rather than when they
already happened.
 They ensure that proper
research is done, the risk
factors are assessed and plans
are executed on a timely and
most efficient way.
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Entrepreneurial
Common Competencies

There must be yes


and no in making
decision, not in
the middle.
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Entrepreneurial
Common Competencies
DECISIVE
 Entrepreneurs always have decision about their
business. They do not settle for gray areas or
unclear solutions
 They make sure that all aspects of their
business have clear objectives and strategies.

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Entrepreneurial
Common Competencies
DECISIVE
 Entrepreneurs need to be comfortable in
making any decision and taking decisive
action.
 A successful entrepreneur has to stand by
them no matter what happen and decisive
actions are really needed by that time.

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Entrepreneurial
Common Competencies

Entrepreneurs always
have “eureka”
moments
and enjoy them.
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Entrepreneurial
Common Competencies
BALANCED
 The minds of entrepreneurs should have a
balance between the analytical and the creative
side.
 The brains are always playing with “unique
ideas” that no one has ever though of yet.

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Entrepreneurial
Common Competencies
BALANCED
Entrepreneurs always have “eureka” moments
and enjoy them.

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Entrepreneurial
Common Competencies

Entrepreneurs are
drivers of
innovation.
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Entrepreneurial Common
Competencies
A G E N TS O F C HANGE
 They see opportunities in
hopeless and complex
situations.
 They are always motivated to
improved and develop new
products and services and
introduce them to the market.
 They don’t settle for
mediocrity and the status quo. 27
Entrepreneurial
Common Competencies

Entrepreneurs know
key people to
connect with.
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Entrepreneurial
Common Competencies
NETWORKERS
 A networker knows the key people to connect
with.
 Networking can be very intimidating task, for it
takes a lot of guts to pull it off.
 Successful entrepreneurs gain trust of their
valuable network and maintain a long-tasting
relationship with them.
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Entrepreneurial
Common Competencies

Entrepreneurs have a
talent for recognizing
an opportunity even
using the macro level
data only.
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Entrepreneurial
Common Competencies
HAVE A SHARP EYE FOR OPPORTUNITIES
 Entrepreneurs have a talent
for recognizing an
opportunity even using the
macro level data only.
 They know how to assess
the net cause and effect of
an opportunity and decide
intelligently if a venture
should be considered or not.
Entrepreneurial
Common Competencies
1. Proactive 6. Networkers
2. Agents of Change 7. Decisive
3. Risk Takers 8. Balanced
4. Have a Sharp Eye 9. Innovative
for Opportunities
1. Sociable

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Entrepreneurial
Core Competencies
1. Leaders
2. Communicators
3. Specialists
4. Problem Solvers

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Entrepreneurial
Core Competencies
1. L E A D E R S
- Successful leaders have the heart of a
leader.
- They must be a source of inspiration for
their employees.
- humble, approachable, friendly and knows
how to listen to people’s concerns

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Entrepreneurial
Core Competencies
1. L E A D E R S (continued)
- Act on their responsibilities
- Use their strengths and limitations to
make the best of a situation
- Decisive and know how to own up to their
decisions
- Know how to unite team and bring out the
best in every emplyee
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Entrepreneurial
Core Competencies
2. C O M M U N I C A T O R S
- Entrepreneurs know how to use all forms
of communication to effectively share
ideas and address certain concerns with
their customers or employees.

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Entrepreneurial
Core Competencies
2. C O M M U N I C A T O R S (continued)
- Effective communication not only
provides people with a clear view of what
the business offers, they also help prevent
mishaps in an organization.

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Entrepreneurial
Core Competencies
3. S P E C I A L I S T S
- Entrepreneurs are experts in their chosen
business.
- They are tactical and are very keen with
details.
- When asked about the specifics of their
product or service, they can easily answer
without heavily relying with their people.

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Entrepreneurial
Core Competencies
3. S P E C I A L I S T S (continued)
- They understand the totality and
specificity of their business.
- As a result, they can easily think of
innovating and improving the product or
service offerings because they know their
intricacies.
- Enjoy being in action instead of being
behind the scenes.
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Entrepreneurial
Core Competencies
4. P R O B L E M S O L V E R S
- Entrepreneurs possess critical thinking
skills and look at problems as challenges
or puzzles that they need to solve.
- They know how to handle issues in any
area of the business, be it in finance,
operations or marketing.

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Entrepreneurial Core
Competencies
4. P R O B L E M S O L V E R S (continued)
- Listen to the plight of employees on
certain problems involving their units and
come up with strategic solutions.
- Able to solve problems by immersing in
day-to-day activities, knowing what is
happening in and out of their business.

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Entrepreneurial
Core Competencies
4. P R O B L E M S O L V E R S (continued)
- Aware of their employees’ personalities;
they must know how and when to use
them to solve problems
- Must have faith that every problem has a
solution no matter how hard it is
- Must be courageous and know how to
face the consequences of their decision.

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