Core Entrepreneurial Competencies
- Opportunity Recognition: Identify unmet needs
- Initiative: Act before forced to
- Persistence: Overcome obstacles
- Risk-Taking: Calculated, not reckless
- Efficiency: Do more with less
Competency Categories
| Category | Competencies |
|---|---|
| Achievement | Opportunity seeking, persistence, risk-taking |
| Planning | Goal setting, information seeking, systematic planning |
| Power | Persuasion, networking, self-confidence |
Developing Entrepreneurial Skills
- Start small: Side projects, experiments
- Learn from failures: Iterate quickly
- Build networks: Mentors, peers, investors
- Study entrepreneurs: Biographies, cases
Conclusion
Key Takeaways
- Core skills: Opportunity, initiative, persistence, risk, efficiency
- Three categories: Achievement, planning, power
- Skills can be learned and developed
- Start small and iterate