ENTREP

SALIENT TRAITS OF AN ENTREPRENEUR

1. VISION – must be shared well with the team and each member must work hard to
achieve it.
2. INNOVATION – one of the main features of entrep.
- It is important to come up with fresh and unique ideas.
- You succeed only when your product is different: you may add a new feature, garner
interest, provide quicker service, and offer lower rates.
- Think of anything that makes your product novel and attractive.
3. RISK-TAKING CAPACITY – an entrepreneur invests time, effort, and money: knowing
that there are many risks involved.
- Risks and uncertainties are part of entrepreneurship.
- How much are you willing to risk?
- Key lies in minimizing risks to have an ample flow of finances.
4. HUMAN RESOURCE – you require professionals specializing in different fields to
manage the same.
- Build a strong team, you must handpick your employees, assessing, and screening
them on various levels.
- Make an organizational chart according to the responsibility of each employee.
5. ADAPTABILITY – another important feature because in order to sustain the market, you
must adapt to its ways.
- You need to understand behavioral attitudes for your business accoding to the current
trends of the market.
6. CORE VALUES – entrepreneurship without values cannot survive for long.
- Indicate a certain set of values to run the business ethically and morally.
- Must be clearly defined.
a. Being fair in the business
b. Fairplay in making trade deals
COMPETENCIES AND JOB OPPORTUNITIES IN ENTREPRENEURSHIP
3 LEVELS:
1. PERSONAL COMPETENCIES – abilities to ground yourself so that you are secure and
self-assured in whatever situation you may find yourself.
- Attitude of the business owner.
a. Creativity
b. Determination
c. Integrity
d. Self-criticism
 2. INTERPERSONAL COMPETENCIES – ability to lead, influence, communicate,
supervise, negotiate, and control people at all levels.
- Ability to get alsong with the people and motivate them to do their jobs.
- You must be able to effectively manage people.
- Your attitude towards your employees.
a. Communication
b. Engagement
c. Delegation
3. BUSINESS COMPETENCIES – set of particular abilities and knowledge that sets a
company apart from its competitors.
- The key characteristics that a successful entrepreneur should have in order to be
successful.
a. Vision
JOB OPPORTUNITIES AS A CAREER:
1. BUSINESS CONSULTANT
2. SALES
3. RESEARCH AND DEVELOPMENT
4. NONPROFIT FUNDRAISER
A. . TECHVOC
REASONS WHY ONE MWOULD LIKE TO
BECOME AN ENTREPRENEUR:
1. Achievement, challenge, and learning
2. Independence and Autonomy – you can
set your own goals, pick their