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Introduction

Self

Introduction

Self

3 Categories

Cognitive

Introduction

Behavioral

Introduction

Skills

Introduction

Self

Conclusion

Entrepreneurial Competencies

Personalized guidance report

An entrepreneur is a person who sets up a business and takes on financial risks in the hope of profit. We developed the Talent Transformation Entrepreneurial Competencies quiz to help you discover the competencies required to be an entrepreneur and help you develop them. The quiz measured some thinking patterns (cognitive), behaviors, and skills needed to be an entrepreneur:
 

1. Cognitive: Competencies related to thinking and problem-solving.  

2. Behavioral: Competencies related to personality and behavior. 

3. Skills: Expertise required to do specific tasks by applying existing knowledge and competencies.

The graph below indicates the three categories of competencies the Entrepreneurial Competencies quiz measured.

Tip :

Hover on any of the graph to get detailed information about each factor.

Click on any of the graph to get detailed information about each factor.

Cognitive

This category groups together the competencies related to thinking and problem-solving.

Tip :

Hover on any of the graph to get detailed information about each factor.

Click on any of the graph to get detailed information about each factor.

Spotting Opportunities

The ability to see potential opportunities in novel ideas.

Your personal guidance

Your responses indicate that you welcome new ideas but cannot always recognize the idea or develop the plan for it.

Was the personal guidance helpful?

Understanding others

Other people might be more or less adept at spotting opportunities than you are. Therefore, understanding other individuals' levels of competence will help you better understand your competence and how to work with others effectively.

  • Individuals with a high ability to spot opportunities can recognize how to turn an idea into a business opportunity. They can create a business strategy and a plan for an idea they come across.

  • Individuals with an average ability to spot opportunities welcome new ideas but cannot always recognize the idea or develop the plan for it.

  • Individuals with a low ability to spot opportunities welcome new ideas and appreciate them. They would want to implement those ideas but may not be able or willing to plan for that.

Creativity

The ability to think differently and out of the box or improvise on an idea to make it lucrative.

Your personal guidance

Your responses indicate that you are creative and can produce novel ideas and thoughts for a business. You can also improve on an innovative idea to turn it into a business opportunity.

Was the personal guidance helpful?

Understanding others

Other people might be more or less creative than you are. Understanding other individuals' levels of competence will help you better understand your competence and how to work with others effectively

  • Individuals who are very creative can produce novel ideas and thoughts for a business. They can also improve on an innovative idea to turn it into a business opportunity.

  • Averagely creative individuals can be creative, but not always can they think of a novel and unique idea for a business.

  • Individuals that are low on creativity may not be able to think out of the box. Novel and creative ideas may not be their area of strength. However, they could probably implement an already existing idea, well.

Envisioning

Being able to envision personal and business aims and foresee how to progress the idea.

Your personal guidance

Your responses indicate that you can sometimes but not always visualize the end goal. You may lean toward the details in the here and now.

Was the personal guidance helpful?

Understanding others

Other people might be more or less adept at envisioning than you are. Understanding other individuals' levels of competence will help you better understand your competence and how to work with others effectively.

  • Individuals with high levels of the envisioning competency can visualize the end goal and predict how the idea would take shape in the future. This ability helps them develop strategies and plans and allocate the resources required to reach their goal.

  • Individuals with an average level of the envisioning competency can sometimes but not always visualize the end goal. They may lean toward the details in the here and now.

  • Individuals with a low level of the envisioning competency lean toward understanding the details and perfecting them rather than looking at the overarching goal. Instead, they could try to look at the bigger picture for a better, clearer idea of the goal..

Value Ideas

The ability to think through various ideas to propose a solution or novel thought, evaluate those ideas, and select the best

Your personal guidance

Your responses indicate that you can evaluate multiple ideas to reach a solution. In addition, you enjoy evaluating ideas to check their feasibility. This competency will help you choose the right idea to pursue.

Was the personal guidance helpful?

Understanding others

Other people might be more or less adept at valuing ideas than you are. Understanding other individuals' levels of competence will help you better understand your competence and how to work with others effectively.

  • Individuals with a high level of the valuing ideas competency can evaluate multiple ideas to reach a solution. In addition, they enjoy evaluating ideas to check their feasibility. This competency will help them choose the right idea to pursue.

  • Individuals with a medium level of the valuing ideas competency can sometimes evaluate multiple ideas to reach a solution. However, they may not always be able to do so because it can sometimes get overwhelming.

  • Individuals with a low level of the valuing ideas competency tend to become overwhelmed with multiple new ideas and prefer to work with those they have worked with before. This tendency can hinder their perspective when evaluating a great idea as a solution or for business.

Ethical and Sustainable Thinking

The ability to evaluate the sustainability and ethics of ideas and take these into account when making decisions and taking action.

Your personal guidance

Your responses indicate that you are sometimes aware of an idea's ethical dimensions and long-term sustainability. However, you do not always think about these issues.

Was the personal guidance helpful?

Understanding others

Other people might be more or less adept at ethical and sustainable thinking than you are. Understanding other individuals' levels of competence will help you better understand your competence and how to work with others effectively.

  • Individuals with elevated levels of ethical and sustainable thinking thoroughly check its feasibility. They think through the life cycle of the product, service, or idea to evaluate its sustainability. They are also conscious of the ethical issues related to the idea and the potential need to assess them.

  • Individuals with average levels of ethical and sustainable thinking are sometimes aware of an idea's ethical dimensions and long-term sustainability. However, they do not always think about these issues

  • Individuals with low levels of ethical and sustainable thinking are enthusiastic about implementing an idea without worrying about the ethics involved or the idea's sustainability. This approach can be detrimental to the project or venture as sustainability and ethics are vital factors to consider.

Behavioral

Behavioral competencies are those related to personality and behavior.

Tip :

Hover on any of the graph to get detailed information about each factor.

Click on any of the graph to get detailed information about each factor.

Self-Efficacy

The confidence in oneself to achieve goals

Your personal guidance

Your responses indicate that you often but not always believe in your capabilities. Sometimes you give up when the going gets tough.

Was the personal guidance helpful?

Understanding others

Other people might be more or less confident than you are. Therefore, understanding other individuals' levels of competence will help you better understand your competence and how to work with others effectively.

  • Individuals with high levels of self-efficacy believe that they can achieve a goal they have set out for themself. They do not easily give up on learning or their goal. This attitude helps them manage hurdles and sustain their journey even during tough times.

  • Individuals with medium levels of self-efficacy often believe, but not always believe, in their capabilities. Sometimes they give up when the going gets tough.

  • Individuals with medium levels of self-efficacy think it is wise to stop pursuing a goal when they see the first signs of trouble. Instead, they prefer doing easy tasks. This preference may be practical, but it is unfavorable for an entrepreneur who must address challenges as they journey toward their goals.

Need for Achievement

The intrinsic motivation to achieve something.

Your personal guidance

Your responses indicate that you feel satisfied just working toward a goal and not necessarily achieving it. This attitude may help you create a balance between work and your personal life. Still, it is not very helpful for an entrepreneur who must constantly use dissatisfaction to drive the desire for greater achievements.

Was the personal guidance helpful?

Understanding others

Other people might have more or less need for achievement than you. Understanding other individuals' levels of need to achieve will help you better understand your competence and how to work with others effectively.

  • Individuals with a high desire to achieve tend to feel that they have not accomplished much even after experiencing success. So, they set up new goals and endlessly work toward them to feel a sense of achievement. This drive helps an entrepreneur embark on new ventures and never give up.

  • Individuals with a medium desire to achieve drives them but sometimes they may feel satisfied even without achieving their desired goal.

  • Individuals with a low desire to achieve are satisfied just working toward a goal and not necessarily achieving it. This attitude may help them create a balance between work and their personal life. Still, it is not very helpful for an entrepreneur who must constantly use dissatisfaction to drive the desire for greater achievements.

Perseverance

The grit required to pursue the goals you set for yourself.

Your personal guidance

Your responses indicate that you may work toward your goals in a supportive environment but may give up on them if you lack support.

Was the personal guidance helpful?

Understanding others

Other people might be more or less persevering than you are. Understanding other individuals' levels of perseverance will help you better understand your competence and how to work with others effectively.

  • Individuals with high levels of perseverance have the energy and the grit to pursue their desired goals despite hurdles and discouragement. This attitude helps entrepreneurs stay on the path even when others do not give them encouragement or support. This attitude also helps them move toward their goals despite disbelievers and challenges.

  • Individuals with medium levels of perseverance may work toward their goals in a supportive environment but may give up on them if they lack support.

  • Individuals with low levels of perseverance give up on a goal when they do not receive support and encouragement. They may not pursue a goal that seems very tough and unlikely to achieve. This approach may be practical for some but not for an entrepreneur whose journey is usually challenging, especially when surrounded by disbelievers.

Risk-Taking

The willingness to take calculated risks and move out of your comfort zone to leap toward success.

Your personal guidance

Your responses indicate that you can take risks when they seem profitable. This attitude helps an entrepreneur come out of their comfort zone and yet have a sustainable plan for success.

Was the personal guidance helpful?

Understanding others

Other people might take more or less risks than you feel comfortable with. Understanding other individuals' levels of competence will help you better understand your competence and how to work with others effectively.

  • Individuals with a high tolerance to risk can take risks when they seem profitable. This attitude helps an entrepreneur come out of their comfort zone and yet have a sustainable plan for success.

  • Individuals with a medium tolerance to risk can sometimes take risks, but they may not be comfortable doing it all the time.

  • Individuals with a low tolerance to risk can hesitate to take risks even when they are safe to take. This attitude may not be favorable for an entrepreneur whose success depends on moving out of their comfort zone.

Tolerance of Ambiguity

The mindset to remain patient and adaptable during times of uncertainty and change.

Your personal guidance

Your responses indicate that you can stay calm and wait for things to become clear without getting agitated when things do not go as planned. This attitude helps an entrepreneur sail through uncertain times and chart the course during unforeseen events.

Was the personal guidance helpful?

Understanding others

Other people might be more or less tolerant of ambiguity than you are. Understanding other individuals' levels of competence will help you better understand your competence and how to work with others effectively.

  • Individuals with a high tolerance of ambiguity can stay calm and wait for things to become clear without getting agitated when things do not go as planned. This attitude helps an entrepreneur sail through uncertain times and chart the course during unforeseen events.

  • Individuals with a medium tolerance of ambiguity may oscillate between staying calm and getting irritated during uncertain times.

  • Individuals with a low tolerance of ambiguity can get agitated and worked up when things are not going as planned. As a result, they may quickly move to a path that seems more predictable and solid. This attitude is not favorable for an entrepreneur who must navigate the constant changes in any new venture's early days.

Skills

Skills encompass the expertise required to perform tasks by applying knowledge and competencies. The skills discussed here are generic skills needed for entrepreneurs. Specific skills will be required to start, operate, and run a business; for example, an entrepreneur offering IT consulting services will need to be an IT expert.

Tip :

Hover on any of the graph to get detailed information about each factor.

Click on any of the graph to get detailed information about each factor.

Planning and Management

These are the skills to draw detailed plans and manage people and resources.

Your personal guidance

Your responses indicate that you may not always like doing routine and mundane tasks such as managing people and resources or drawing up detailed plans.

Was the personal guidance helpful?

Understanding others

Other people might be more or less adept at planning and management than you are. Understanding other individuals' levels of competence will help you better understand your competence and how to work with others effectively.

  • Individuals with good planning and management skills like to draw detailed plans and manage people and resources. Being an entrepreneur is not always about ideas and risks, and some tasks can be routine and mundane. The ability and willingness to do these tasks well indicate that they can become a successful entrepreneur.

  • Individuals with average planning and management skills may not always like doing routine and mundane tasks such as managing people and resources or drawing up detailed plans.

  • Individuals with low levels of planning and management skills do not like or would prefer someone else to do routine tasks such as managing people and resources or drawing up detailed plans. This lack of interest may prove detrimental for an entrepreneur. Entrepreneurs need to be in touch with the details and the people to lead effectively and get the best out of the available resources.