Name: _____________________________________ Date: ___________________
Grade/Strand/Section: _______________________
PERFORMANCE TASK 1: THE ENTREPRENEUR WITHIN YOU
Part 1
Directions: Think about each of the following factors presented as questions.
Write YES if you consider that factor as one of your strengths. Put a CHECK
(/) if you think that factor needs an improvement.
PERSONAL CHARACTERISTICS AND YOUR AREAS OF AREAS THAT
SITUATION STRENGTH NEED
IMPROVEMENT
COMMITMENT
For your business to be a reality and to succeed, you must
be committed. Commitment means that you are willing to
put your business before almost everything else. Do you
want to be in business for a long time? Can you spend most
of your time and efforts on your business?
MOTIVATION
Your business is more likely to succeed if you are very
motivated to try your business idea, create wealth and make
your money work for you. Do you know clearly why you
want to have your own business?
TAKING RISKS
here is no absolutely safe business idea. You always run the
risk of failure. Are you prepared to take risks? Are you
willing to risk your money to invest in your business?
MAKING DECISIONS
You are in charge of your business, which means that you
have to make decisions that may lead to either success or
failure. Important decisions cannot be postponed or passed
on to someone else. Can you make difficult decisions by
yourself?
ABILITY TO HANDLE STRESS
Entrepreneurs are subject to a lot of stress. Stress may be
the result of either difficult decisions that must be made,
dealing with stakeholders in the business or working long
hours. Are you excited about your business prospects? Do
you derive a great deal of enjoyment from your work?
PROBLEM SOLVING
Running your own business requires that you are able to
solve problems. Do you have the ability to solve the root
cause of problems in creative ways?
GOAL ORIENTATION
One feature that differentiates an entrepreneur from an
employee is the ability to develop and achieve goals. You
should be able to envision where your business is headed
and to see the bigger picture, rather than just focusing on
minor details. Have you drawn a vision and set a goal for
your business?
SOCIAL SUPPORT
Running your business will take a lot of time and effort. It
is important to have adequate support from family, friends
and other business people. Do you have a social network of
people and organizations that will support the realization of
your dream?
FINANCIAL SITUATION
Access to financial resources to start your business is
important. Have you set money aside to get your business
started? If you need additional funds, do you have family or
friends who might be willing and able to lend you money,
to use their assets to guarantee your loan with a financial
institution? Do you have a savings or credit history with a
financial institution that offers loans to new businesses?
KNOWLEDGE OF YOUR LINE OF BUSINESS
The more you know about your line of business, the more
you will avoid making costly mistakes. Do you have a
detailed knowledge of the specific type of business that you
want to start?
YOUR BUSINESS AND THE ENVIRONMENT
As a businessman/woman, you need to know the
environmental issues affecting your line of business. Do
you know how to sustain the natural capital or resources on
which your business depends?
COMMITMENT TO YOUR COMMUNITY
Your business needs to be community-friendly.
Businessmen/women are important members of the
community and you need to have a commitment to the
advancement of the community as a whole. Do you have a
good relationship with the community?
Part 2
Directions: Look at the assessment areas above and decide which ones that need improvement and growth
are critical for your business’s success. Make a note of them in the space provided.
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PART 3
1. My interest – I enjoy doing the following (include your hobbies):
2. My experience – Knowledge or educational experience in the following field (s) of business
(list jobs, training, and other sources of knowledge and experience):
3. My business network – I know the following people, friends, and relatives who are in
business and who could provide information, advice, or assistance (state their position):
4. My preference is to: (please check)
Work with a lot of people
Work on my own
Be active and work outdoors
Be active and work desk all-day
Do physical work/work in a job that allows me to be creative
Do physical work/work in a job that requires logical thinking
Focus on technical details
Talk to and care for people