We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Personal entrepreneurial Competencies Essay Sample

The whole doc is available only for registered users OPEN DOC

Get Full Essay

Get access to this section to get all the help you need with your essay and educational goals.

Get Access

Personal entrepreneurial Competencies Essay Sample

1. Initiative

The entrepreneur should be able to take actions that go beyond his job requirements and to act faster. He is always ahead of others and able to become a leader in the field of business. Examples
Does things before being asked or compelled by the situation. Acts to extend the business into new areas, products or services

2. Sees and acts on opportunities
An entrepreneur always looks for and takes action on opportunities. Examples
Sees and acts on new business opportunities
Seizes unusual opportunities to obtain financing, equipment, land, work space or assistance

3. Persistence
An entrepreneur is able to make repeated efforts or to take different actions to overcome an obstacle that get in the way of reaching goals. Examples
Takes repeated or different actions to overcome an obstacle
Takes action in the face of a significant obstacle

4. Information Seeking
An entrepreneur is able to take action on how to seek information to help achieve business objectives or clarify business problems. Examples
Does personal research on how to provide a product or service Consults experts or experienced persons to get relevant information Seeks information or asks questions to clarify a client’s or a supplier’s need Personally undertakes market research, analysis or investigation Uses contacts or information networks to obtain useful information

5. Concern for High Quality of Work

An entrepreneur acts to do things that meet certain standards of excellence which gives him greater satisfaction. Examples
States a desire to produce or sell a top or better quality product or service Compares own work or own company’s work favorably to that of others 6. Commitment to Work Contract
An entrepreneur places the highest priority on getting a job completed.
Makes personal sacrifice or expends extraordinary effort to complete a job Accepts full responsibility for problems in completing a job for customers Pitches in with workers or works in their place to get the job done Expresses a concern for satisfying the customer

7. Efficiency Orientation
A successful entrepreneur always finds ways to do things faster or with fewer resources or at a lower cost. Examples
Looks for or finds ways to do things faster or at less cost
Uses information or business tools to improve efficiency
Expresses concern about costs vs. benefits of some improvement, change, or course of action

8. Systematic Planning
An entrepreneur develops and uses logical, step-by-step plans to reach goals. Examples
Plans by breaking a large task down into sub-tasks
Develops plans that anticipate obstacles
Evaluate alternatives
Takes a logical and systematic approach to activities

9. Problem Solving
Successful entrepreneur identifies new and potentially unique ideas to achieve his goals. Example
Switches to an alternative strategy to reach a goal
Generates new ideas or innovative solutions

10. Self-Confidence
A successful entrepreneur has a strong belief in self and own abilities. Examples
Expresses confidence in own ability to complete a task or meet a challenge Sticks with own judgment in the face of opposition or early lack of success

11. Assertiveness
An entrepreneur confronts problems and issues with others directly. Examples
Confronts problems with others directly
Tells others what they have to do
Reprimands or disciplines those failing to perform as expected

12. Persuasion
An entrepreneur can successfully persuade or influence others for mobilizing
resources, obtaining inputs, organizing productions and selling his products or services. Examples
Convinces someone to buy a product or service
Convinces someone to provide financing
Convinces someone to do something else that he would like that person to do Asserts own competence, reliability, or other personal or company qualities Asserts strong confidence in own company’s products or services

13. Use of Influence Strategies
An entrepreneur is able to make use of influential people to reach his business goals. Examples
Acts to develop business contracts
Uses influential people as agents to accomplish own objectives Selectively limits the information given to others
Uses a strategy to influence or persuade others

We can write a custom essay

According to Your Specific Requirements

Order an essay

You May Also Find These Documents Helpful

Administration and Management

What, in your opinion, is the viewpoint of the authors on working ethically? Working ethically according to the reading means; using the inner guiding moral principles, values, and beliefs you have to analyze or interpret a situation and then decide what is the right or appropriate way to behave. In my opinion, the authors viewpoint on working ethically is, when a person have to act...

Entrepreneur Research Report

Overview             Peter Terret, founder and managing director of RapidMap, is an entrepreneur by classic definition. Seeing an opportunity or an imperfection in the market in his area of competence, and going on to found and successfully manage his own business in this area. Identification of an imperfection or unmet demand leads to an opportunity, which leads to viability analysis and then the implementation of...

A Successful Business Man

A business man is someone taking risk in a certain company for the purpose of producing revenue from a combination of human, financial, or physical capital. An entrepreneur is an example of a business man. Sometimes it can mean someone who is involved in the management of a company, especially as an owner or an executive. A successful business man must apply certain strategies in...

Entrepreneurship Case Study

Q1: List three personality traits, which are crucial for successful entrepreneur. Discuss them and provide argumentation for your thinking. 1. In my humble opinion, for being a successful entrepreneur you should have, without any doubts, at least a basic knowledge of the economic world; without that you can’t run a business, an enterprise or any kind of economic project. Second personal trait that an entrepreneur...

Profile of an Entrepreneur: David Karp

David Karp was born in New York City on July 6, 1986. Karp grew up very comfortably living on the Upper West Side of Manhattan. He showed an early interest in website design, designing websites for local businesses by the age of 11. At age 15 however he dropped out of school and decided to be homeschooled thinking that this would be more appealing to...

Get Access To The Full Essay
Materials Daily
100,000+ Subjects
2000+ Topics
Free Plagiarism
All Materials
are Cataloged Well

Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email.

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
Sorry, but only registered users have full access

How about getting this access

Become a member

Your Answer Is Very Helpful For Us
Thank You A Lot!


Emma Taylor


Hi there!
Would you like to get such a paper?
How about getting a customized one?

Can't find What you were Looking for?

Get access to our huge, continuously updated knowledge base

The next update will be in:
14 : 59 : 59
Become a Member