Entrepreneuria

l
Characteristics
&
By: Bañaga, Jackie Lou
Competencies
Capalongan, Frances Ann
Lagario, Rose Andrea
Mindoro, Kristel Denise
Pagaduan, Rich William
Jefferson
 THE 10 ENTREPRENEURIAL
CHARACTERISTICS

1. Opportunity 3.
seeking 2. Persistence Commitment
persistence to work

4. Demand for
6. Goal 5. Risk taking quality and
setting efficiency

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8. Systematic 9. Persuasion
7. Information 10. Self-
planning and and
seeking confidence
More.. monitoring networking
Characteristi
cs of an
Entrepreneu
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r
 Leadership
and
managerial
abilities

Managerial leadership is the ability

Managerial leadership is the ability
to plan, organize, direct and control
to plan, organize, direct and control
the organization towards the goals
the organization towards the goals
and objective of the organization.
and objective of the organization.

The human skill deals with how

the leader relate himself with
the people around him and
those that he will encounter in

1
the course of his business.
 Entrepreneur as a
Positive positive Risk taker,
enjoys the
risk- challenges of
takers putting his money
and time into test.

2
 Self-
confidence
and positive
outlook

The entrepreneur has strong

The entrepreneur has strong
belief in his capacity to make
belief in his capacity to make
a difference in their chosen
a difference in their chosen
field. They believe
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field. They believe that
achievements are guiding
achievements are guiding
principles in man’s success
principles in man’s success

3
as faith drives them to do
as faith drives them to do
better.
better.
 Innovativene
ss and
forward
looking

The blazing path to

entrepreneurial success is
the courage to make
innovations in products or
service. He looks forward
in creating new things,
something different from
others.

4
Natural intelligence
and decision making
skills
The entrepreneur’s natural
intelligence is an important
requirement in making effective
decisions. Creativity and
innovativeness carry it with the
power to make decisions as he
needs to satisfy customers needs
for new and better products and
service.

5
 a l
e r i
h
T ne u
r e s
e p l l
t r i
k d e s
E n S i
An en c
e t
m p
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The entrepreneurial skills and
mpetency factors are the
llowing:
Negotiating, planning, risk
sessment, controlling and
aling with emergencies.
 The Entrepreneur 1
as Missionary

An entrepreneur is a
missionary who perceives
opportunities inherent in the
exchange of goods with great
desire for profit.
 Entrepreneur
is Goal-
2
Driven

An entrepreneur is goal-driven
and self- confident as he
exercises the locus of control.
He sets high goals and strives
to attain the projected target
and accomplishments.
Entrepreneur is a
marketing man 3
The Marketing environment is
identified by the entrepreneur
and thus, he marshals his
resources to pursue the
opportunities and makes
immediate action to exploit his
personal gain.
The

4
Entrepreneur
Starts Small to
Become Big
Many entrepreneurs
start small but with
their managerial
talents and
persistence, they
exploit the
opportunities available
for their disposal.
Managerial Skills
that Makes a
Successful
Entrepreneur
 1
Ability to Plan and
Conceptualize

Conceptualization and planning

go together. Good Concepts
need to be put in the planning
table to avoid the risk factor.
The entrepreneur is able to
forecast the future by seeing to
it that the risk involve are
properly controlled.
 2
Ability to organize the
resources of the
enterprise
A good business
organization is based on
around people and
resources. An
entrepreneur works with
others and needs people
with the same values and
working ability.
 3 People are like machines
that need oil that will make
them work smoothly and
efficiently and effectively.
Ability to direct and
motivate people in his
organization
 4 Controlling the
whole operation is a
difficult task for the
Ability to Control entrepreneur.
Safeguards and
control mechanism
could put in place
with carefully
crafted policies and
procedures.
 5
Ability to Manage
Time

Time management is
very essential
ingredient to the
success of an
entrepreneur. Because
of the numerous
activities to attend the
must be able to log on
his time schedule so
that important activities
 6 The new
entrepreneur must
be able to adapt to
this changes in the
Ability to adapt to the
business landscape
changing environment of
business for him to go with
the time of
progress and
expansion.
Decision
Making
Process
1 Identify the
Problem
The risk involved in the
management of the
business has to be
identified and analyzed
before solutions could
be made.
2 Gather the data that
brought the problem

Good and intelligent

entrepreneur must be
able to get the data
that brought about the
problem.
3 Analyze the
data

Not all information are

relevant to the solution of
the problem. Some data
must be discarded.
4
Formulating
alternative
solutions

The entrepreneur makes various

alternative solutions to the problem
at hand. These solutions are subject
to a series of analysis and he may
need an outside opinion.
5 Selecting the best
alternatives course
of action

After all the alternative courses of

action had been analyzed, the
entrepreneur must make a decision. The
decision has to be implemented with
less possible risks in terms of money,
time and effort.
6 Implementing
the best
alternative

Problems and solutions are best

arrived when people who will be
implementing the decisions are
properly consulted and their opinions
and ideas are taken into account
before the final decision
implemented.
Entrepreneuria
l Management
Demands
 1
The
entrepreneu
r is alert to
opportunitie The entrepreneur
s and
looks at things
perceptive
to make much ahead of
things other people.
happen
 2
The entrepreneur
has the health The dreamer
and endurance entrepreneur could not
to work long stop working until he
finds solutions to his
hours.
deprived idea.
3 The entrepreneur of
flexibility and change

Entrepreneur finds
a new avenue or
course of action as
he senses some
danger zone with
on his plans and
programs.
4 The
entrepreneu
r is self-
assured.

The entrepreneur could

not easily be rattled by
problems or uncertainties.
5 He
believes
that a
person
who asks
questions
could only
be fool for
a minute
but one
who asks
no
question
could be
The entrepreneur seeks fool for a
lifetime.
others’ opinion or makes