1. For example, a person will build his own bakeshop business, if he uses one of the characteristics like the systematic planning and monitoring he might forecast what his plans should be, because he knows that this business needs to adjust from time to time in terms of production costs, that edge will help him be a better entrepreneur because he already have plans when there is an inflation in terms of material cost in making breads, this entrepreneur will control his business and make some adjustments when needed.
2. It will serve as a guide when it is time for me to build my own business or to enter in a company as an employee. Having a broad knowledge in terms of Personal Entrepreneurial Competencies can help me in making good judgment and decisions like the critical ones which will lead to the success.
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