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ENTREPRENEURIAL

COMPETENCIES
HOME ECONOMICS: COOKERY
TASK 3: GROUP ACTIVITY
DIRECTION: ANSWER THE FOLLOWING GUIDE QUESTIONS ON A
SEPARATE SHEET OF PAPER. SHARE YOUR ANSWERS TO THE CLASS.

• Activity sheet
ENTREPRENEURIAL COMPETENCIES

• The important characteristics that should be


possessed by an individual in order to perform
entrepreneurial functions effectively.
WRKAGHODRIN

• An entrepreneur should be habitually working


diligently for a long period of time.
EDCENSFIELCOFN

• An entrepreneur believes on his own ability and


judgment.
PENSCILIDI

• An entrepreneur sticks on the plan and fights


temptation to do what is unimportant.
DIMTCOMET

• accepts full responsibility of everything in his/her


business
PABADITLAITY

• An entrepreneur should be able to adapt to


change because there is not permanent thing in
the world but change.
ACREETVI

• An entrepreneur should be innovative to have


edge over other competitors.
INATIVIETI

• An entrepreneur should have the ability to resolve a


difficulty or improve a situation
TORFIP DEORINET

• An entrepreneur enters the world of business to


generate profit or additional income.
FEW IMPORTANT CHARACTERISTICS /
TRAITS / ATTRIBUTES OF A GOOD
ENTREPRENEUR:

1. Hardworking – habitually working diligently for a long


period of time
o hardworking people keep on improving their performance to
produce good products and/or provide good services
2. Self – confidence – believes on his own ability and
judgment
o To cope up with all the risks of operating their business
3. Discipline – Stick on the plan and fight temptation to
do what is unimportant
4. Committed – accepts full responsibility of everything in
his/her business
o Give full commitment and solid dedication to make the
business successful
FEW IMPORTANT CHARACTERISTICS /
TRAITS / ATTRIBUTES OF A GOOD
ENTREPRENEUR:

5. Ability to accept change – adaptability skill of the


entrepreneur should be high because nothing is
permanent in this world except change. When you
own a business, you should cope up and thrive on
change. Capitalize on positive changes to make your
business grow.
6. Creative – innovative to have edge over other
competitors.
7. Has the Initiative – has the ability to resolve a difficulty
or improve a situation. You must put yourself in a
position where you are responsible for the failure or
success of your business
8. Profit-Oriented – An entrepreneur enters the world of
business to generate profit or additional income.
GROUP WORK

• Based on the your interview, what are the skills of an


entrepreneur? Discuss with your groupmates.
Choose two skills and draw it on the manila paper
given to you.
IMPORTANT SKILLS OF A SUCCESSFUL
ENTREPRENEUR

• Planner: Planning is strategic thinking and setting of goals


to achieve objectives by carefully maximizing all the
available resources. A good entrepreneur develops and
applies step-by-step plans to realize goals. A good
entrepreneur knows that planning is an effective skill only
when combined with action.
• People Skills: It’s a very important skill in order to be
successful in any kind of business. People skills refer to
effective and efficient communication and relation to
people working in and out of your business. In day-to-
day business transactions, you need to deal with people.
A well-developed people skill can spell out the
difference between success and failure of the business.
IMPORTANT SKILLS OF A SUCCESSFUL
ENTREPRENEUR

• Decision Making: Successful entrepreneurs have the


ability to think quickly, and to make a wise decision
towards pre-determined set objectives. No one can
deny that the ability to make wise decisions is an
important skill that an entrepreneur should possess.
Sound decision should spring out from given facts
and information and should be towards the pre-
determined objectives.