TLE Cookery Grade 9

QUARTER 1 (WEEK 1)

What I Need to Know

Learning Outcome 1
Personal Entrepreneurial Competencies (PECs)

At the end of this lesson, you will be able to:

 assess one’s PECs: characteristics, attributes, lifestyle, skills, traits; and
 compare one’s PECs with that of a practitioner/entrepreneur.

Personal Entrepreneurial Competencies (PECs)

What is It

This lesson will help you develop and strengthen your Competencies and Skills needed in the
business.

ASSESSMENT OF PERSONAL ENTREPRENEURIAL COMPETENCIES (PECS) AND

SKILLS NEEDED IN ENTREPRENEURIAL PRACTICES

Entrepreneurial competencies - refers to the significant characteristics that an individual must have to
perform entrepreneurial functions efficiently.

The significant characteristics of a good entrepreneur:

1. Hardworking: This means habitually working diligently for long hours. Hardworking people keep
on striving to improve their performance to produce quality products and provide better services.

2. Self-confident: Entrepreneurs are confident in their abilities and trust their judgment. They exhibit
self-confidence to cope with all the risks of operating their own business.

3. Disciplined: Successful entrepreneurs always stick to the plan and fight the temptation to do what
is insignificant.

4. Committed: A good entrepreneur accepts full responsibility for everything in the business and is
determined to succeed.

5. Able to accept change: Nothing is permanent but change. Change occurs frequently. An
entrepreneur copes with and thrives on positive changes to make the business grow.

6. Creative: An entrepreneur should be creative and innovative to stay in business and to have an
edge in the competition.

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7. Takes the Initiative: An entrepreneur takes personal responsibility for the failure or success of the
business.

8. Profit-Oriented: An entrepreneur enters into the business to generate profit or additional income.
Therefore, an entrepreneur must see to it that it will become profitable.

The must-have skills of a successful entrepreneur:

1. Excellent planner: an entrepreneur must have strategic thinking and goals to achieve objectives
by carefully maximizing all the available resources. In realizing his dreams, a good entrepreneur
develops and applies step-by-step plans.

2. Possesses people skills: refers to the entrepreneurial ability to effectively and efficiently
communicate and relate to people working within and outside the business. In day-to-day business
transactions, you need to deal with people.

3. Sound decision maker: Successful entrepreneurs can think quickly and make wise decisions
towards pre-determined objectives. An appropriate decision should arise from verified
facts/information and should be towards the pre-determined goals.

- end -

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