2023

Lesson 1
Personal Entrepreneurial Competencies
(PECs)
Lesson 1
 Important characteristics / traits / attributes of a good
entrepreneur:
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• Hardworking: One of the important
characteristics of a good entrepreneur is
hardworking. This means working diligently and
being consistent about it. Hardworking people
Entrepreneurial keep improving their performance to produce good
products and/or provide good services.
 
competencies refer to the important characteristics • Confident: Entrepreneurs have self-reliance in
that should be possessed by an individual in order one’s ability and judgment. They exhibit self-
to perform entrepreneurial functions effectively. In confidence to cope with the risks of operating their
this module, you will learn some of the most own business.
important characteristics, attributes, lifestyle,  
skills and traits of a successful entrepreneur • Disciplined: Successful entrepreneurs always
or an employee to be successful in a chosen stick to the plan and fight the temptation to do
career. what is unimportant.
• Committed: Good entrepreneurs assume full
responsibility over their business. They give full
commitment and solid dedication to make the
PECs business successful. 2
 • Ability to accept change: Nothing is
permanent but change. Change occurs
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frequently. When you own a business, you should
cope with and thrive on changes. Capitalize on
positive changes to make your business grow.
 
• Creative: An entrepreneur should be creative and
Entrepreneurial innovative to stay in the business and in order to
have an edge over the other competitors

competencies refer to the important characteristics • Has the initiative: An entrepreneur takes the
that should be possessed by an individual in order initiative. You must put yourself in a position
to perform entrepreneurial functions effectively. In where you are responsible for the failure or
this module, you will learn some of the most success of your business.
important characteristics, attributes, lifestyle,  
skills and traits of a successful entrepreneur • Profit-oriented: An entrepreneur enters the world
or an employee to be successful in a chosen of business to generate profit or additional income.
career. The business shall become your bread and butter.
Therefore, you must see to it that the business can
generate income

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 2020

 
• Excellent planner: Planning involves strategic thinking and

Important goal setting to achieve objectives by carefully maximizing all

the available resources. A good entrepreneur develops and

skills of a follows the steps in the plans diligently to realize goals. A

good entrepreneur knows that planning is an effective skill

successful  
only when combined with action.

entrepreneur: • Possesses people skills: This is a very important skill

needed to be successful in any kind of business. People
skills refer to effective and efficient communication and
establishing good relationship to the people working in and
out of your business. In day-to-day business transactions,
you need to deal with people. A well-developed interpersonal
skill can make a huge difference between success and failure
of the business.
 
• Sound decision maker: Successful entrepreneurs have the
ability to think quickly and to make wise decisions
towards a pre-determined set of objectives. No one can
deny that the ability to make wise decisions is an important
skill that an entrepreneur should possess. Sound decisions
should be based on given facts and information and lead
PECs towards the pre-determined objectives 4
 Seatwork 1: Matching Type

Directions: Match the entrepreneurial competencies in column A with their meaning in column
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B. Write the letter of the correct answer on the space provided before each number.
A B

1. Creative A. makes wise decisions towards the set objectives

2. Profit-oriented B. strategic thinking and setting of goals

3. Disciplined C. trusting in one’s ability

4. Sound decision maker D. adoptable to change

5. Possess people skills E. innovates to have an edge over other competitors

6. Excellent Planner F. solid dedication

7. Confident G. skillful in record keeping

8. Hardworking H. always sticks to the plan

9. Ability to accept change I. work diligently

10. Committed J. effective and efficient communication skills and relates

well to people

Presentation Title K. always looking for an opportunity to have/earn income. 5

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Goals and Learning

Activities Ultimate Goal
Targets

Figure 1: Strategic process to achieve the objectives of

this PECS
Presentation Title 6
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Reading Resources and Instructional Activities

After setting your own personal goals and targets in achieving the
objectives of this module, check your inherent knowledge of PECs.
Answer the following guide questions with the help of your classmates.

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Task 1: Group Activity

Directions: Answer the following guide questions and present thru PowerPoint . Share your answers
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with the class.

1. Explain the importance of assessing one’s PECs before engaging in a particular entrepreneurial
activity.

2. Are there other strategies or approaches where you can assess your PECs? Explain how these
strategies will become more useful in selecting a viable business venture.

.
3. What are the desirable personal characteristics, attributes, lifestyles, skills, and traits of a
prospective entrepreneur? Why are these important?

4. Why is there a need to assess one’s PECs in terms of characteristics, attributes, lifestyles, skills,
and traits before starting a particular business?
_

5. What is the significance of evaluating PECs of a successful entrepreneur? What

PECs 8
helpful insights can you draw from this activity?
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RUBRICS
RELEVANCE 10
VALUES 10
SIGNIFICANCE OF THE 10
ANSWER
TOTAL 30
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THANK YOU!