What I Learned About Entrepreneurship
What I Learned About Entrepreneurship
Our past lessons were all about entrepreneurship, I learned in our lesson that an entrepreneur has to obtain characteristics that he/she will need for his/her business to succeed and become one of the famous businesses here in the Philippines.
An entrepreneur shall obtain the 10 PECs or the 10 Personal Entrepreneurial characteristics to succeed in his/her business. These 10 characteristics are grouped into three clusters. These three clusters are the: Achievement Cluster, Planning Cluster, and Power Cluster. The characteristics in achievement cluster are opportunity-seeking, persistence, commitment to the work contract, risk-taking, and demand for quality and efficiency. Goal-setting, information-seeking, and systematic planning and monitoring are grouped in the planning cluster. For the power cluster the characteristics are persuasion and networking, and self-confidence. All of these characteristics must be obtained by an entrepreneur to succeed in his business, and to make it a better one.
Aside from the 10 PECs an entrepreneur must have these characteristics, too. An entrepreneur must be creative to make new and unique designs that are much better than his/her competitors. He/she must have self-control; he/she must not let his/her weaknesses overcome him/her. Decision-making skills is one of the characteristics, he/she must make the right decision for the right time. He/she must have desire for responsibility, he/she must not choose only things that are easy to get. He/she must also have high energy level meaning that he/she had the willingness and the energy to work for his/her business’ success. He/she must have courage to face problems that he/she might encounter in his/her business. He/she must have well-defined values for him to be respected also by people and to have more customers. He/she must have desire for immediate feedback for him to know what services or products does he/she needs to improve in order to make his/her customers satisfied. He/she must also have strong desire to achieve meaning that he/she starts out working on these goals with a strong motivation to achieve them all.
A successful entrepreneur obtains these characteristics to make his/her business more satisfying for his/her customers.
