Assessing One's PECs: Characteristics, Attributes, Lifestyle, Skills, and Traits
Objectives
At the end of this lesson, you should be able to assess one’s PECs: characteristics, attributes,
lifestyle, skills, traits.
Most business-minded local entrepreneurs contribute a lot in the economy of the country. You
can be a capable and successful entrepreneur if you have entrepreneurial competencies or a
vision to improve your life.
Entrepreneurs are people who have the initiative to manage a business. Anyone who aspires to
engage in business should develop beneficial traits that can bring additional income. The traits
should help them utilize raw materials into productive and salable products.
The questions below will appraise or assess you as a future young entrepreneur:
Am I wise enough in choosing the people with whom I will work?
Am I rational in handling obstacles?
Can I absorb setbacks and recovery?
Can I put myself in someone else’s place and know how the other person feels?
Can I communicate effectively both orally and in writing?
Do I have a sound judgment?
Am I persistent and patient?
Do I have a basic knowledge in handling a business?
Do I have a sound judgment, self-confidence, and independence?
Am I physically and mentally fit?
If your answer to all the questions is YES, definitely you will succeed in business.
Learn about it!
There are ten entrepreneurial competencies that a would-be entrepreneur like you should possess:
1) Organizing ability
You should be wise enough in choosing the people with whom you will work. You must choose
people who possess skills that are needed for the improvement and success of your business.
2) Problem-solving ability
You should be rational rather than emotional in handling obstacles. You should also be firm
enough when making decisions without hurting others.
3) Ability to absorb setbacks and recovery
Analysis in absorbing setbacks and recovery of the business are important competencies of the
entrepreneur. Accepting and analyzing the difficulties encountered help in the improvement and
success of the business.
4) Human relations ability
You must maintain good relations with your customers if you want to establish a relationship
that will encourage them to continue to patronize your business. You must also develop and
maintain harmonious working relationships with your employees to make them perform their
jobs at a high level of efficiency.
5) Communications ability
An entrepreneur should have an effective oral and written communication. Communication also
means that both the sender and receiver understand each other.
6) Ability to make sound decisions and to take full responsibility for decisions made
An entrepreneur is the leader, the boss. All those under you are dependent on the decisions you
make. Thus, you should have a sound judgment which will be fair to all.
7) Persistence and patience
Failure in managing a business should not be an obstacle for you. It will instead be a challenge to
your abilities to handle it. Searching for the best way to succeed is a necessary skill for you.
8) Technical knowledge on how to operate the business
A fundamental knowledge in managing a business is necessary for you in order to be able to
organize and manage a business.
9) Sense of independence and self-confidence
You should have trust in yourself and in your work. Your sound judgment, self-confidence, and
independence in your job will enable you to succeed.
10) Good health and enthusiasm
If you are physically fit as well as mentally fit, you would have a good chance of success. You
will be able to grapple with the problems in the business.
Keypoints
It takes certain competencies and personal qualities to achieve success at each point on
the job ladder.
There are ten entrepreneurial competencies that a would-be entrepreneur like you should
possess:
o organizing ability,
o problem solving ability,
o ability to absorb setbacks and recovery,
o human relations ability,
o communications ability,
o ability to make sound decisions and to take full responsibility for decisions made,
o persistence and patience to wait until the business really becomes successful,
o technical knowledge on how to operate the business,
o sense of independence and self-confidence, and
o good health and enthusiasm.
