They are those with the skills and capabilities to see and evaluate business opportunities.

They are agents of economic change.

It Is both an art and science of converting business ideas into marketable products or services to improve the quality of living

What does PEC stand for?

This means working diligently and being consistent about it.

Entrepreneurs have self- reliance in one’s ability and judgment. They exhibit self-confidence to cope with the risks of operating their own business.

Successful entrepreneurs always stick to the plan and fight the temptation to do what is unimportant

Good entrepreneurs assume full responsibility over their business. They give full commitment and solid dedication to make the business successful.

When you own a business, you should cope with and thrive on changes. Capitalize on positive changes to make your business grow.

An entrepreneur should be creative and innovative to stay in the business and in order to have an edge over the other competitors.

An entrepreneur takes the initiative. You must put yourself in a position where you are responsible for the failure or success of your business.

An entrepreneur enters the world of business to generate profit or additional income. The business shall become your bread and butter. Therefore, you must see to it that the business can generate income.

What are the important skills of a succesful entrepreneur?

Planning involves strategic thinking and goal setting to achieve objectives by carefully maximizing all the available resources.

It refers to effective and efficient communication and establishing good relationship to the people working in and out of your business.

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

It is the attitude and behavior of entrepreneurs. They are a set of qualities created and developed by a behavioral scientist.

They were able to identify 10 behavioral patterns grouped into three general clusters

What are the three general clusters that behavioral patterns are grouped in?

These are people who accomplish things, they perform tasks excellently not for prestige or money but for the sake of excellence

It is what enables an entrepreneur to act and grab new opportunities even in the most problematic and hopeless situations

It is doing something continuously even though other people say that you will not succeed or that you are just wasting your time and effort

It is the state of giving much time and attention to something because you believe it is right and important.

It is being able to meet the deadline

It means taking the chances to do something which is out of your comfort zone. It also implies doing something that can result in anything unpleasant or dangerous.

It is doing something risky without even checking what are the possible results of such action and without calculating the probable losses that may be incurred after the action has been taken.

It is almost as not taking risk or avoiding anything difficult or anything which may have unpleasant or dangerous results

It is carefully calculating all the chances before doing something difficult or something which may have unpleasant or dangerous results, thus reduces possible negative results by making the most out of the positive possibilities.

A succesful entrepreneur demands quality standards and cannot stand a bad performance from people he is working with.

It is the standard that customers seek when buying a product or receiving a service.

It is the ability of an entrepreneur and its staff to work well without error or without wasting time, money, and energy

It is where entrepreneurs do not plunge into a business on the basis of inspiration but rather as the result of deliberate goalsetting tireless information-seeking, and systematic planning and monitoring

It is the behavior of gathering information from relevant sources.

Knows how to set specific, measurable, attainable, realistic, and time-bound goals. They plan every action and carefully makes decisions based on where he wants to go.

He plans by breaking large tasks down into small one and puts time limits against them. They monitor progress towards goals and to alter strategies when necessary.

It is a PEC cluster where entrepreneurs' personal motto is "I can". He thinks that he can achieve things. He can convince people ot his way of thinking.

It is something that helps you connect with the people around you. They know how to use the right strategies to influence or persuade other people.

It is the intense enthusiasm and dedication to one's work.

They are able to cope with a dynamic business environment, overcoming constant challenges and upholding an ongoing learning approach.

It is the quality that drives the entrepreneur to overcome obstacles and achieve goals. It also maintains their emotional well-being and contributes directly to business results.

It is necessary to sell effectively, provide excellent customer service, differentiate themselves in the marketplace, and continue to innovate for the sustained success of their company.

They are not only essential for closing business deals, but also contribute to building strategic partnerships, conflict resolution, obtaining resources, and adaptability to a dynamic business environment, which are crucial factors for the success of an entrepreneur.