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4.8 BEHAVIoRAL AND ENTREPRENEURIAL CoMPETENCIES
In the previous section, we discussed the attitudes that can lead to entrepreneurial success. Let us now learn about
the competencies required for a person to develop an entrepreneurial attitude. Competency is defined as the ability to
complete a task successfully and efficiently.
The diagram below depicts the attitudes and competencies required to be a successful entrepreneur.
Attitudes and Competencies
Adaptablity/ Initiative Interpersonal Perseverance Organisational Skills
Decisiveness Skills
Believe that you Time
Know yourself Listening Not giving up
can take action Management
Identify Realise that you can Positive Body Goal
Opportunities take action Language Working Hard Setting
Analyse the Positive Learning from
Opportunities Take action Attitude Failures Efficiency
Problem Stress Managing
Solving Management Quality
The journey to understanding our competencies begins with knowing and understanding oneself, i.e., who we are.
Everything in nature changes and grows. Every day, we humans change and grow. We are aware of our likes and
dislikes, as well as our strengths and weaknesses. We all make mistakes because we are human. But it is important to
honestly assess what I have learned from this mistake and how I have changed as a person over the years.
When we fail or make mistakes, we tend to overthink our lives and pass judgement on ourselves. It is best to surround
ourselves with people, friends, and family, who can see the hidden potential in us that we are unable to see in ourselves
at the time.
Let us now learn about the different attitudes of entrepreneurs through different examples and exercises.
4.8.1 Decisiveness
It is a person’s ability to make quick and efficient decisions. Have you ever considered how a person can become
decisive as an entrepreneur?
As previously stated, decisiveness is the most important skill that an entrepreneur requires at the start of his or her
entrepreneurial journey. Because identifying business opportunities and turning them into reality is crucial when
starting a business. During this stage, a person must make numerous decisions while taking calculated risks for their
sprouting business.
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