Characteristics Of Successful Entrepreneurs In The Philippines

Having the mind and determination to become successful isn’t an easy task. Success isn’t considered a gift, it should be a hard task to achieve and it matters how it is accomplished. Success

The Filipino people value family, religion, selflessness and a hard work ethic. The culture of the Philippines is very family orientated, and the people value their Catholic religion above anything else. For the Experimental Learning Project, I interviewed Clavel Wells and she was born in the Philippines. She was fortunate enough to have grown up in a household that did not face extreme poverty, although that did not take away from her hard work ethic. Growing up in the Phillipines, everyone worked in the household to support the family. That has transpired into her life in America, and now she regularly works hard as her role as an LPN. She ensures to respect everyone she cares for, regardless of their cultural

Sir Winston Churchill, a British politician from 1800’s says “Success is the ability to go from failure to failure without losing your enthusiasm.” Throughout my few years of living, I have learned that everybody is going to fail at something at least once. It is up to you to take all of your failures and turn them into success. It’s not going to only take one day but everyone is destined to be successful.

Succeeding is a never ending cycle, like a carousel in constant motion. One must take their chances jumping onto.

Failure is much often a better teacher than success, Failure is practice towards becoming successful if you always succeed you will never know what it feels like to fail and won’t know how to react whenever that time comes. It is everyone’s dream to be successful, but success is very rarely given to anyone.

What do entrepreneurs do that distinguishes them from any other person involved in business? Why is it that personality characteristics may be good predictors of who will be a successful entrepreneur?

. ENTREPRENEURIAL COMPETENCIES: An entrepreneurial competency as defined by Baum at al. (2001) is the individual characteristics such as skills, knowledge, and the abilities required to perform a specific job. These abilities determine how the entrepreneur associates with the customers and also the employees. It allows the entrepreneur to perform his business operations successfully. Entrepreneurial competencies were divided into six categories by Man and Lau (2000): commitment competencies, organizing competencies, opportunity competencies, relationship competencies, strategic competencies, and conceptual competencies. Overconfidence is a negative characteristic of competency because it has been recognized as a major factor affecting the

Success is persevering through tough times and yet still feeling accomplished in something. Many people give up as soon as something bad happens or after something sets them back, but in order to be considered successful, you must never give up. The possibilities for something wrong to go on are endless but there are always ways to get around it, in order to achieve your goal. Four people who have shown that you should never give up, even after difficult times are, myself, Henry Ford, Bethany Hamilton, and my grandfather.

Success can be met in a variety of contrast ways, but it is most important when it comes to learning about failure. Winston Churchill once said," Success is not final, failure is not fatal: it is the courage to continue that

The environment of the family also influences the entrepreneurship. If rather the father is a professional or a businessman or the like, the son is more likely to adopt the same occupation because of certain inherent advantages by virtue of his father being in the similar line.

Most successful entrepreneurs exhibit certain characteristics. Some entrepreneurs are open-minded, able to learn quickly, and skilled at conceptualizing.

Explain and critically analyze unique traits of an Entrepreneur, discuss these related to personal strengths and weaknesses

The Entrepreneur I have researched and written my report on is the world famous Walter Disney.

There has been extensive research conducted on the characteristics that successful entrepreneurs possess. These attributes vary widely across literature, however there are common key traits that are required to achieve any form of success. Frederick et al (2013) suggest entrepreneurs are risk takers, optimistic, have sound judgement and an ability to manage. While a review of literature relating to the psychology of an entrepreneur reveals a large variety of characteristics in a successful entrepreneur, these can be consolidated to a a few into only a few traits that are essential for a successful entrepreneur. Whilst taking into

The main objective of this report is to know about a successful business entrepreneur of our country and how effective and efficient he/she is in their respective profession. This research will