1.If you apply personal entrepreneurial competencies to areas of life other than business,you can be successful in your attempts to make your life easier and more convenient.You may also gain good reputation from people so that you'll be successful in business and life as well.
a.Vigilance for opportunities-When an entrepreneur sees an opportunity for business,he is quick to take it.Entrepreneurship is a competitive field,and he is always on the lookout for chances to improve his position.
b.Commitment to work contract-An entrepreneur always delivers his promise promptly,for he values his reputation for dependability and will do everything not to back out on a commitment.
c.Persistence-An entrepreneur doesn't let obstacles get in his way,he will find a solution to these obstacles and accomplish his tasks he set for himself.
d.Willingness to take risks-Business involves taking risks.An entrepreneur takes his chances with a new venture that better services can be discovered.
e.Demand for efficiency and quality-A true entrepreneur will not settle for anything but the best.He will insist on making his products better and more efficiency.
f.Goal setting-Setting a goal gives the entrepreneur a sense of purpose.It inspires him to make definite plans and to follow those plans with concrete action.
g.Information seeking-An entrepreneur always seek information to enhance the quality of his products and services.
h.Systematic planning and monitoring-The success of an entrepreneur relies greatly on his ability to make detailed plans before starting out on his venture to success.
i.Persuasion and networking-An entrepreneur must have the ability to convince customers to buy his products.
j.Self confidence-An entrepreneur shows his confidence in his business because he knows he has done and is doing his best to give his clients the best value for their patronage.
2.An entrepreneur must have the PECs so that he/she can become successful in business and in life.
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