PEC's Assignment

1. Evaluate the different entrepreneurial characteristics under PEC's. How does applying similar characteristics help us succeed in the other areas of life? Explain your answers by giving examples.

·                     Vigilance for Opportunities

·                     Commitment to work contract

·                     Persistence 

·                     Willing to Take Risks 

·                     Demand for Efficiency and Quality

·                     Goal Setting

·                     Information Seeking

·                     Systematic Planning and Monitoring

·                     Persuasion and Networking

·                     Self Confidence

             An entrepreneur must have certain cultivated and inherent qualities in him or her in order to make a success of his or her venture. Not any person can be a successful businessman or woman. Hard work and determination to win have made many successful business people to reach their aspired goals.

    

2. Explain how having the Personal Entrepreneurial Competencies can help you become a successful entrepreneur.

    

     A businessman or woman has to very competent to achieve scale the ladder of success. Certain attributes are essential for him or her to establish their business on sound footing.