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Assignment #4
1. Evaluate the different entrepreneurial characteristics under PEC's. How does applying similar characteristics help us succeed in the other areas of life? Explain your answers by giving examples.
Vigilance for Opportunities, Commitment to work Contract, Persistence, Willingness to take risks, Demand for efficiency and quality, Goal Setting, Information Seeking, Systematic Planning and Monitoring, Persuasion and Networking, and Self-confidence.
You must take opportunities. For example, you are asked to perform at the stage, you must take it immediately so that the opportunity will not be escaped.
2. Explain how having personal entrepreneurial competencies can help you become a successful entrepreneur.
Planning every aspect of your home business is not only a must, but also builds habits that every home business owner should develop, implement, and maintain. The lifeblood of any business enterprise is cash flow. You need it to buy inventory, pay for services, promote and market your business, repair and replace tools and equipment, and pay yourself so that you can continue to work. A home business entrepreneur always remember that marketing, advertising, or promotional activities are completely worthless, regardless of how clever, expensive, or perfectly targeted they are, unless one simple thing is accomplished--ask for the sale.Your home business is not about the products or services that you sell. Your home business is not about the prices that you charge for your goods and services.
Source: http://www.entrepreneur.com/
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