CHAPTER 2: Entrepreneurial Competencies

Question 1

means habitually working diligently got a long period of time
- keep on improving their performance to produce good product/services

Answer 1

hardworking

Question 2

they exhibit _______ in order to cope will all the risks of operating their own business
- focusing on strength

Answer 2

self confidence

Question 3

successful entrepreneurs always stick on the plan and fight the temptation to do what is important
- prioritizing

Answer 3

discipline

Question 4

accepts full responsibility of everything in his/her business, gives full commitment and solid dedication for success

Answer 4

committed

Question 5

you should cope-up and thrive on changes, capitalize on positive changes to make your business grow

Answer 5

ability to accept change

Question 6

should be ______ and innovative to stay and to have EDGE over the other competitors

Answer 6

creative

Question 7

takes the _______, you must put yourself in a position where you are RESPONSIBLE for the failure or success

Answer 7

initiative

Question 8

to generate profit why an entrepreneur enters the business world

profit is the bread and butter of you and your family, you must see that your business can generate income

Answer 8

profit oriented

Question 9

develops and applies step-by-step plans to realize goals

______ is effective skill only when combine with action

Answer 9

planner

Question 10

refer to effective and efficient communication and relation to people working in and out of your business

Answer 10

people skills

Question 11

entrepreneurs have the ability to think quickly and to make a wise decision towards pre-determined set of objectives

Answer 11

decision making