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Entrepreneur
is comprehensively defined as someone who “creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying significant opportunities.
Entrepreneurship
Refers to concept of developing and managing a business venture in order to gain profit by taking several risks in the corporate world it and willingness to start a new business.
Achievement, Planning, Power
3 clusters of PEC
Opportunity and Information Seeker
He/ She is a keen observer of environment and knows the needs of community
Persistent and Determined
They will take repeated or different actions to overcome the hurdles of business.
Commited
Entrepreneur do their best to satisfy customers and deliver what is promised
Risk- Taking
Entrepreneur are known for taking calculated risks and doing tasks that are moderately challenging.
Knowledgeable
Know the physical process of producing the products
Honest and Trustworthy
Develop friendship and Loyalty. Should be honest and honorable.
Highly Motivated
A successful entrepreneur is ambitious, sees the bigger picture, and makes things happen
Goal Oriented
Knows how to set specific, measurable, attainable, realistic, and time bound (SMART) Goals
Innovative
An imaginative mind with systematic planning
Persuasive
Knows how to use the right strategies to influence or connect other people.
Optimistic
Believes that something good will always happen and there are no circumstances strong enough to stop him or her from reaching the goals
Self- Confidence
They have self awareness and belief in their own ability to complete a difficult task or meet a challenge.
Excellent Planner
Planning involves strategic thinking and goal setting to achieve objectives by carefully maximizing the available resources
Possesses People Skills
People skills refer to effective and efficient communication and establishing good relationship to the people working in and out your business
Sound Decision Maker
Successful entrepreneurs have the ability to think quickly and make wise decisions towards a pre determined set of objective.