CSS - PECS
CSS - PECS
Entrepreneurial competencies refer to the ability to develop, organize and manage a business
venture along with any of its risks. It includes key characteristics that should be possessed by a person in
order to successfully run a new venture. Among those characteristics are social, managerial and networking
competences.
Excellent planner:
Planning involves strategic thinking and goal setting to achieve objectives by carefully
maximizing all the available resources. A good entrepreneur develops and follows the steps in
the plans diligently to realize goals. A good entrepreneur knows that planning is an effective
skill only when combined with action.
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 can 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 towards the pre-determined objectives.
Entrepreneurial Competencies
Technical skills in a servicing a computer matched with the following entrepreneurial skills can
make a successful business owner. The following competencies are expected from a person who would like
to start and establish his or her own business.