1. Evaluate the different entrepreneurial characteristics under PECs. How do applying similar characteristics helps us succeed in other areas of life? Explain your answer 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
Vigilance for opportunities:
Paolo and his classmates are required to do a lot of paper works that is needed to be typewritten. Because Paolo has a computer, he can offer his classmates to rent his computer for a fee
Commitment to work contract:
Paolo sometimes finds it hardly to finish because he has some paper works to, but Paolo does his best so he skips his leisure time finishing the paper works that his classmates entrusted to him
Persistence:
Because he is swamped with typing jobs, Paolo sometimes mixed up his classmates paper works but instead of quitting, he does all of this things from the start
Willingness to take risks:
After all the paper works he have done, Paolo saves enough money so he manages to buy a 2nd computer
Demand for efficiency and quality:
Paolo practices accurate typing and improves his speed. He does this to make sure he is able to come up with the best results at the fastest time possible
Goal setting:
Soon, many of Paolo's classmates frequent visits his house to take turns renting his computers. He then resolved to use all his profits to buy two more secondhand computers in the next 2 months
Information seeking:
Paolo's classmates started asking to apply internet connection so they won't have to rent outside to do their research. He made inquires about the best internet service provider and the most ideal package for his purpose.
Systematic planning and monitoring:
Having acquired two or more computers, he carefully planned on the additional software to install in the units so the units will not slow down. He also installed a program that automatically records computer use
Persuasion and Networking:
Paolo and his classmates are required to do a lot of paper works that is needed to be typewritten. Because Paolo has a computer, he can offer his classmates to rent his computer for a fee
Commitment to work contract:
Paolo sometimes finds it hardly to finish because he has some paper works to, but Paolo does his best so he skips his leisure time finishing the paper works that his classmates entrusted to him
Persistence:
Because he is swamped with typing jobs, Paolo sometimes mixed up his classmates paper works but instead of quitting, he does all of this things from the start
Willingness to take risks:
After all the paper works he have done, Paolo saves enough money so he manages to buy a 2nd computer
Demand for efficiency and quality:
Paolo practices accurate typing and improves his speed. He does this to make sure he is able to come up with the best results at the fastest time possible
Goal setting:
Soon, many of Paolo's classmates frequent visits his house to take turns renting his computers. He then resolved to use all his profits to buy two more secondhand computers in the next 2 months
Information seeking:
Paolo's classmates started asking to apply internet connection so they won't have to rent outside to do their research. He made inquires about the best internet service provider and the most ideal package for his purpose.
Systematic planning and monitoring:
Having acquired two or more computers, he carefully planned on the additional software to install in the units so the units will not slow down. He also installed a program that automatically records computer use
Persuasion and Networking:
After installing the necessary applications, he convinced his classmates that they will have access to all the software that they need to do their assignments. He was also able to convince them to pass the news around about his superior services
Self confidence:
Self confidence:
Although there are bigger computer shops around, Paolo's classmates still refer to use his computers. This is because he shows total belief in the advantages of his services over the more expensive and impersonal shops.
If we apply the similar characteristics it will help us succeed in other areas of life by means of having easily a job because the company will get advantage having workers like you. It can also help us in building a business if we have these traits the business will be successful.
2. Explain how having the Personal Entrepreneurial Competencies can help you become a successful entrepreneur.
PECs can help an entrepreneur to become successful by guiding him/her through these competencies on the important detail of the business and establish various characteristics of a good entrepreneur.
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