ENTREPRENEURSHIP IN

COMMERCIAL COOKING
Entrepreneur – a person who organizes,
develops, operates, and engages in his/her own
business
Entrepreneurship – organizing, developing,
operating, and engaging in one’s own business
Personal Entrepreneurial Competencies (PECS)
– qualities, characteristics, skills, abilities,
knowledge, and behavior that a person must
possess to become a successful entrepreneur
 PERSONAL ENTREPRENEURIAL
COMPETENCIES

Passion for Cooking – you should possess the interest

and desire to prepare, cook, and serve food
 PERSONAL ENTREPRENEURIAL
COMPETENCIES

Skill in Cooking – you should be equipped with the

basic knowledge and skills in cooking
 PERSONAL ENTREPRENEURIAL
COMPETENCIES

Ability to Communicate Ideas – you should be able to

express your thoughts clearly and confidently to your
coworkers and clients
 PERSONAL ENTREPRENEURIAL
COMPETENCIES

Commitment and Willingness to Work – you should

be willing to invest money, time, and effort in your
business. You should be ready to work in long hours
and under pressure, and set aside personal activities
in favor of work
 PERSONAL ENTREPRENEURIAL
COMPETENCIES

Ability to Set Goals – you should be able to set both

short- and long- term goals and plans and focus on
tasks and their end results
 PERSONAL ENTREPRENEURIAL
COMPETENCIES

Desire to Earn Profit – you should be able to supervise your

business closely to immediately resolve any problem that
can possibly result to reduce income
PERSONAL ENTREPRENEURIAL
COMPETENCIES

Reliability and Integrity

– you should be able to
keep your good name
and reputation by being
fair and honest in
dealing with others,
being true to your
words, and doing what
is right without
compromise
 PERSONAL ENTREPRENEURIAL
COMPETENCIES

Confidence – you should believe in your ability to achieve,

know well what you are doing, and trust your instinct and
entrepreneurial acumen
 PERSONAL ENTREPRENEURIAL
COMPETENCIES

Persistence – you
should be able to
keep up your
courage, hope and
belief to survive and
prosper
 PERSONAL ENTREPRENEURIAL
COMPETENCIES

Willingness to Listen and Respond – you should be

able to talk and listen to fellow entrepreneurs, bank
officials, and business advisers for ideas that inspire
and guide your business
 PERSONAL ENTREPRENEURIAL
COMPETENCIES

Willingness to Take Risks – you should be aware that

risks and challenges are part of any endeavor and
consider them stepping stone to success
 PERSONAL ENTREPRENEURIAL
COMPETENCIES
Initiative and
Optimism – you
should be optimistic
yet prepared for
future problem,
needs, or changes;
you should be able
to plan ahead and
lead your business
toward action and
attainment of goals
 PERSONAL ENTREPRENEURIAL
COMPETENCIES

Ability to Cope with Failure – you should be humble enough

to cope with failure, wise enough o learn from it, and strong
enough to overcome challenges
 PERSONAL ENTREPRENEURIAL
COMPETENCIES

Ability to Set Standards – you should be able to set

standards to ensure quality production and increase sales