Characteristic and Traits of an Entrepreneur: ACHIEVEMENT CLUSTER

1. Passion for Business – refers to the eagerness  Opportunity seeking

to be involved in commercial activities.  Persistence
2. Tenacity despite Failure – “Nothing in the  Commitment
world can take the place of persistence.  Risk taking
Nothing is more common than unsuccessful  Efficiency and quality orientations
men with talent” (Ray Kroc).
3. Confidence – belief in themselves and their PLANNING CLUSTER
capabilities to see things through and get  Goal seeking
things done.  Information seeking
4. Self – determination – belief that one’s fate  Being systematic in planning and
or destiny lies really on one’s self; his belief, monitoring
effort, and actions.
5. Management of Risk – take necessary POWER CLUSTER
measures to manage or mitigate or reduce risk.
6. Seeing changes as Opportunity – refuse to  Being persuasive and good in
remain in their comfort zone but seek networking
challenges to change or improve the way  Having a strong self- confidence
things aree.
Entrepreneurial Competencies:
7. Tolerance for Ambiguity – thrives in relative
vagueness and looseness and enjoys the  Have strong desire to succeed
challenges of creating the parameter,  Are risk takers
guidelines, and standard.  Are creative
8. Initiative and Need for Achievement – the
 Take responsibility for their activities
sense of having the self-instilled drive to start,
 Having high level of confidence
do, and act without being told and asked; have
a deep sense of satisfaction in accomplishing
things.
9. Eye for detail – knowing the importance of
little things that can determine the quality of a
product or service.
10. Creativity – challenged by the idea of doing
things in way that’s never been done before.
11. Seeing the Big Picture – able to assess how
particular decisions about operations or human
resources can affect the other aspects of the
business.
12. Goal Setting – make clear goals that are
realistic and achievable. SMART
13. Flexibility – ability to recognized mistakes
and act to correct.
Having several motivating factors:
 Need for achievement
 Desire for independence
 To gain control over one’s fate
 Build something for the challenge
 Like the challenge
 To live how and where one chooses

Philippine’s Personal Entrepreneurial

Characteristics (PECS)