Assignment no. 4 (CAN YOU UNDERSTAND?) [page 15]

1. Evaluate the different entrepreneurial characteristics under PECs. How does applying similar characteristics help us succeed in other areas of life? Explain your answers by giving examples.


2. Expalin how having the Personal Entrepreneurial Competencies can help you become a successful entrepreneur.

ANSWERS:

1. VIGILANCE FOR OPPORTUNITIES

2. COMMITMENT TO WORK CONTACT

3. PERSISTENCE

4. WILLINGNESS TO TAKE RISKS

5. DEMAND FOR EFFICIENCY AND QUALITY

6. GOAL SETTING

7. INFORMATION SEEKING

8. SYSTEMATIC PLANNING AND MONITORING

9. PERSUASUION AND NETWORKING

10. SELF CONFIDENCE

*By applying these characteristics, you can be a successful person ecause you can do everything on your own and not depending on others.You are INDIPENDENT. Not dependent on others*

2.The PECs can help you become a successful entrepreneur because it can train you on what the risks are in being an entrepreneur. It can help you in becoming what you really want to do and follow what thing that your happy when doing it.

-end of assignment no. 4-