Question

Are there other strategies or approaches where you can assess your PECs? Explain how
these strategies will become more useful in selecting a viable business venture.​

Answer 1

Entrepreneurs have an important role in society; they are economic development catalysts, along with opportunity seekers, risk-takers, goal-setters, and problem-solvers. Assessing PECs is crucial as an entrepreneur since a proper assessment of PECs is critical to any firm's success.

EVALUATION STRATEGIES FOR PEC'S

1. Determine whether or if you are a hard worker who puts in long hours.

2. Show self-confidence or certainty in one's own talents.

3. Discipline- Check to see whether you stick to your schedule every time.

4. Dedication - a strong dedication to the task at hand.

5. Adaptability and willingness to change

An entrepreneur will realize their strengths and perhaps other areas in which they need to improve after identifying PECs.