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The 10 PECS (Personal Entrepreneurial Competencies) of successful entrepreneurs typically include:

  1. Opportunity Recognition - Identifying and evaluating business opportunities.
  2. Risk Taking - Willingness to take calculated risks for potential rewards.
  3. Innovativeness - Ability to create new ideas and solutions.
  4. Persistence - Commitment to overcoming obstacles and setbacks.
  5. Goal Orientation - Setting and striving towards clear objectives.
  6. Self-confidence - Believing in one’s abilities and decisions.
  7. Problem-Solving - Effectively addressing challenges and finding solutions.
  8. Networking - Building and leveraging relationships for support and resources.
  9. Adaptability - Adjusting to changing circumstances and feedback.
  10. Financial Literacy - Understanding financial management and budgeting.

These competencies contribute to an entrepreneur's ability to launch and sustain a successful venture.

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1mo ago

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