Personal Entrepreneurial Competencies

Question 1

A good entrepreneur accepts full
responsibility of everything in his/her
business. He/She gives full commitment
and solid dedication to make the
business successful.

Answer 1

C O M M I T T E D

Question 2

Nothing is permanent but change.
Change occurs frequently. When you
own a business, you should cope-up and
thrive on changes. Capitalize on positive
changes to make your business grow

Answer 2

ability to accept change

Question 3

• An entrepreneur should be creative and
  innovative to stay in the business and in
  order to have edge over the other
  competitors.

Answer 3

C R E A T I V E

Question 4

• An entrepreneur takes the initiative. You
  must put yourself in a position where you
  are responsible for the failure or success
  of your business.

Answer 4

has the initiative

Question 5

An entrepreneur enters into the world of
business to generate profit for additional
income. This shall become the bread and
butter for you and our family as well.
Therefore, you must see that the business
can generate income.

Answer 5

P R O F I T- O R I E N T E D

Question 6

Entrepreneurs have confidence in one’s
ability and own judgment. They exhibit
self-confidence in order to cope with all
the risks of operating their own business.

Answer 6

S E L F - C O N F I D E N C E

Question 7

• Successful entrepreneurs always stick on
  the plan and fight the temptation to do
  what is unimportant.

Answer 7

D I S C I P L I N E