3. 1. PASSION FOR BUSINESS
Refers to the eagerness to be involved in
commercial activities.
Doing business excites an entrepreneur and
is challenged to do good.
Passion can be seen in the business when an
entrepreneur talks about it, looks for way to
grow it, plan for its future, and concern for its
employees.
4.
5. 1. PASSION FOR BUSINESS
“ WITHOUT PASSION, YOU DON’T HAVE ENERGY.
WITHOUT ENERGY, YOU HAVE NOTHING”
– WARREN BUFFETT, FOUNDER OF BERKSHIRE
HATHWAY
6. 2. TENACITY DESPITE FAILURE
Is a trait exhibited by entrepreneurs because
they are bound to meet with failures along the
way
Entrepreneur always get up and persevere with
effort of staying on course with the business
They see mistake as an another way of learning
The ability to see things through despite these
factors is key
7. 2. TENACITY DESPITE FAILURE
“NOTHING IN THE WORLD CAN TAKE THE PLACE OF PERSISTENCE. NOTHING IS MORE
COMMON THAN UNSUCCESFUL MEN WITH TALENT. THE WORLD IS FULL OF EDUCATED
DERELICTS. ONLY PERSISTENCE AND DETERMINATION ALONE ARE OMNIPOTENT”
- RAY KROC,FOUNDER OF MCDONALDS
8.
9. 3. CONFIDENCE
Is a must-have trait for entrepreneurs, who
should posses that belief in themselves and
their capabilities to see things through.
Entrepreneurs should always assess the
business scenario, problems, and difficulties
with, energetic, calm and confident demeanor
when assessing whether to grant a loan to a
business, most financier look for this quality of
confidence in an entrepreneur
10.
11. 4. SELF-DETERMINATION
Entrepreneurs doesn’t like being controlled
by fate.
He is a believer in himself as the master of
his own destiny
An entrepreneur sets goals with purposeful
action for himself and his business in
achieving his goals
He doesn’t blame others
Yet it isn't compatible with having faith
because entrepreneurs also believe in
providence
12.
13. 5. MANAGEMENT OF RISK
Entrepreneurs know how to take risk but
these risk are calculated risks that are
well thought out and considered
It is often myth that entrepreneurs are
gamblers who take big risks
Entrepreneurs study, research, and
calculate risk not to avoid or risk-averse
but to take necessary measures to
manage or mitigate or reduce risk
14. 6. SEEING CHANGES AS OPPORTUNITY
Change for entrepreneurs may
contain opportunity to open up
a market niche, improve the
product, or better way of doing
business
Entrepreneurs are people who
refuse to remain in their
comfort zones but seek
challenges to change or
improve the way of things are
15.
16. 7. TOLERANCE FOR AMBIGUITY
Entrepreneurs have great tolerance
to uncertainly.
Entrepreneurs thrive in this relative
vagueness and looseness and enjoy
the challenge of creating parameters,
guidelines, and standards, as they
move along
17. 8. INITIATIVE & NEED FOR ACHIEVEMENT
Entrepreneurs usually have great
need to achieve things and to have
accomplishments.
Highly motivated to create goals and
reach them
They also have initiative, in the
sense of having self-instilled drive to
start, do, and act without being told
and asked.
18. 9. EYE FOR DETAIL
Entrepreneurs common attitude is
to overlook the details if it is
something important
Attention to details means that
excellent service or personal
attention is complete all the way
down to the details
19. 10. CREATIVITY
Entrepreneurs are creative because they are
not satisfied with just copying or doing the
same routine or churning out the same
product
Because of the market entrepreneurs exhibit
new or novel products, services, and
processes or aspect of things
Entrepreneurs are challenged by the idea of
doing things in a way that never been done
before, or tweaking old products to bring out
something new or novel
20.
21. 11. SEEING THE BIG PICTURE
Entrepreneurs are able to assess how
particular decisions about operations or
human resources can affect the other
aspects of the business
Entrepreneurs realize specific decisions
in certain areas can affect other areas.
Entrepreneurs are able to relate the
business to its larger environment : its
customers, employees, suppliers,
competitors, government, and community
22. 12. HAVING SEVERAL MOTIVATING
FACTORS
Entrepreneurs are complex creatures who are
motivated by many factors:
1. Need for achievement – are driven by the need
to achieve and to excel. The feel of being known
to accomplishing
2. Desire for independence- entrepreneurs want to
be their own boss.
3. To gain control over one’s fate- as
entrepreneurs, they make the decision, call the
shots, and act on them
23. 12. HAVING SEVERAL MOTIVATING FACTORS
4. Build something for the challenge-
entrepreneur start business because
the challenge of creating a business
and making it grow is an irresistible
challenge
5. Like the challenge- entrepreneurs
are thrilled by this challenge and are
often motivated by the thought of
growing their businesses a daily basis
6. To live how and where one
chooses- entrepreneurs choose to be
so because they can dictate their
lifestyle.
24. 13. GOAL SETTING
Entrepreneurs usually
make clear goals that
are realistic and
achievable
Goals are measurable
and objective
25. 14. FLEXIBILITY
Entrepreneurs are flexible in
their decision making and
actions, especially in the
early stage of the business
Rigidity or locking in to
certain rules, standards, or
way of thinking and doing
things is usually
counterproductive and can
limit growth and ability in
responding situation
26.
27. PHILIPPINE TRAITS
1. ACHIEVEMENT CLUSTER –characteristic that
involve the desire to attain or accomplish or
obtain a goal, or something that one has aimed
for.
Opportunity seeking
Persistence
Commitment
Risk taking
Efficiency and quality orientation
28. PHILIPPINE TRAITS
2. PLANNING CLUSTER- involves
activitties like choosing goal, identifying
strategies and action plans to use in
order to attain goals
Goal seeking
Information seeking
Being systematic in planning and
monitoring
29. PHILIPPINE TRAITS
3. POWER CLUSTER- the power to
convince, to rally people behind the
business, and to persuade them.
Being persuasive and good in
networking
Having strong self-confident
