Grade 10 TLE Q1 Ep 1 Personal Entrepreneurial Competencies

Summary

In this episode of 'Making Life Easy', Teacher T explores the formula for success by examining the book 'How to Turn Your Passion into Profit'. The key takeaway is that luck is a product of preparedness and opportunity. Through a neighbor's success story, the video emphasizes the importance of knowledge, skills, and the right attitude. It delves into personal entrepreneurial competencies, including hard work, confidence, discipline, and adaptability, and challenges viewers to assess and develop these traits for potential entrepreneurial success.

Takeaways

• 📚 The video emphasizes the importance of preparation and seizing opportunities for success, as highlighted by the book 'How to Turn Your Passion into Profit'.
• 🏘️ The story of the neighbor illustrates how being prepared with knowledge, skills, and the right attitude can lead to life-changing opportunities.
• 💡 Success in entrepreneurship requires a combination of personal entrepreneurial competencies, including hard work, confidence, discipline, commitment, adaptability, creativity, initiative, and a profit-oriented mindset.
• 🧐 Personal entrepreneurial competencies (PECs) are assessed through a self-evaluation activity, helping individuals identify areas for improvement.
• 🛠️ Skills such as being an excellent planner, possessing people skills, and being a sound decision-maker are crucial for entrepreneurs and are developed alongside the right attitude.
• 🤔 The video encourages viewers to reflect on their experiences with goal setting, communication, and decision-making to evaluate their entrepreneurial skills.
• 📝 It is suggested that writing down goals and making plans are foundational steps in developing the skill of being an excellent planner.
• 🗣️ Effective communication and understanding others are key components of people skills, which are essential for building relationships in business.
• 💭 The ability to make wise decisions in the face of challenges is a skill that can be practiced and improved for better entrepreneurial outcomes.
• 📈 Entrepreneurship is presented as both an art and a science, involving the conversion of ideas into marketable products or services to enhance living standards.
• 🌟 The video concludes with a challenge for viewers to create an action plan to develop their personal entrepreneurial competencies, emphasizing continuous improvement.

Q & A

What is the main theme of the video script?

The main theme of the video script is to discuss the reasons behind some people's extreme success compared to others, focusing on the concept that 'luck is the offspring of preparedness and opportunity', and to explore the personal entrepreneurial competencies necessary for success.

What does the book 'How to Turn Your Passion into Profit' by Sanchez and Dean Pax Lapid suggest about luck?

The book suggests that luck is a result of preparedness and opportunity, implying that being ready and seizing the right moments are crucial for success.

What is the story of the neighbor in the script and what does it illustrate?

The neighbor's story illustrates how a high school graduate, who worked as a construction worker, seized the opportunity to work in New Zealand when it was posted online. It shows that having the right knowledge, skills, and attitude can lead to success when opportunity arises.

What are the three key components of personal entrepreneurial competencies mentioned in the script?

The three key components of personal entrepreneurial competencies mentioned are knowledge, skills, and the right attitude.

Why is the contact center services industry highlighted in the script?

The contact center services industry is highlighted as it is considered an essential job that is less likely to be affected by economic changes, and the skills acquired can be applied to various other industries as well.

What are the eight characteristics of successful entrepreneurs identified in the script?

The eight characteristics are hardworking, confident, disciplined, committed, adaptable, creative, having initiative, and being profit-oriented.

How can one assess their personal entrepreneurial competencies (PECs) as described in the script?

One can assess their PECs by writing down the eight characteristics on a piece of paper and then answering a series of yes or no questions related to each characteristic to determine if they possess it.

What are the three skills related to personal entrepreneurial competencies discussed in the script?

The three skills are being an excellent planner, possessing people skills, and being a sound decision maker.

What is the importance of having an excellent planner skill according to the script?

Having an excellent planner skill is important as it involves strategic thinking and goal setting to achieve objectives by maximizing available resources.

How can one improve their personal entrepreneurial competencies based on the script?

One can improve their personal entrepreneurial competencies by creating an action plan that identifies areas for improvement, setting goals, and practicing the necessary skills and attitudes.

What is the final challenge presented by the script to the viewers?

The final challenge is for viewers to create a list of personal entrepreneurial competencies they want to improve on or develop, and to develop an action plan to enhance these competencies.

Outlines

00:00

📚 Introduction to Personal Entrepreneurial Competencies

The script begins with an introduction to the topic of personal entrepreneurial competencies, emphasizing the importance of preparedness and opportunity for success. The speaker, Teacher T, welcomes viewers to the first episode of 'Making Life Easy' and references a book by Sanchez and Dean Pax Lapid, which posits that luck is a product of preparedness and opportunity. The summary introduces a real-life story of a neighbor who seized an opportunity to work in New Zealand, highlighting the necessity of knowledge, skills, and the right attitude as part of one's preparation for success.

05:00

🎲 Game-Based Learning of Entrepreneurial Characteristics

This paragraph introduces an interactive game to help viewers identify and understand the key characteristics of successful entrepreneurs. Through a series of pictures and clues, the script engages the audience in guessing encrypted words that represent traits such as hardworking, confident, disciplined, committed, adaptable, creative, initiative, and profit-oriented. The game is designed to be both educational and entertaining, reinforcing the idea that these characteristics are essential for entrepreneurial success.

10:02

🛠 Self-Assessment of Personal Entrepreneurial Competencies

The script transitions into a self-assessment activity where viewers are encouraged to evaluate their own entrepreneurial competencies. They are asked to list the eight identified characteristics and assess themselves based on their alignment with each trait. This activity serves as a reflective tool for viewers to identify areas of strength and opportunities for improvement, ultimately guiding them towards personal development in their entrepreneurial journey.

15:02

🛑 Skills Development for Entrepreneurial Success

Building on the attitudes discussed earlier, this paragraph delves into the skills component of personal entrepreneurial competencies. It outlines three critical skills: being an excellent planner, possessing people skills, and being a sound decision-maker. The speaker emphasizes that while having the right attitude is essential, it must be complemented by the development of these skills to achieve entrepreneurial success. The script also includes reflective questions to help viewers assess their current skill levels and identify areas needing further development.

🏆 Conclusion and Call to Action on Entrepreneurship

The final paragraph wraps up the episode by summarizing the key points discussed about personal entrepreneurial competencies. It reiterates the importance of both attitudes and skills for aspiring entrepreneurs and challenges viewers to create an action plan to improve their competencies. The script ends with a reminder of the value of hard work today for an easier life tomorrow and a teaser for the next episode, which will focus on effective communication in English.

Keywords

💡Success

Success is the accomplishment of an aim or purpose. In the video's context, it refers to the achievement of goals through preparedness and opportunity, which is a central theme. The script discusses how certain individuals achieve success by being ready to seize opportunities when they arise, as exemplified by the story of the neighbor who became a construction worker in New Zealand.

💡Luck

Luck is traditionally considered to be a chance occurrence of events beyond one's control that result in a favorable outcome. However, the video script reinterprets luck as 'the offspring of preparedness and opportunity,' suggesting that success is not random but a result of readiness to capitalize on opportunities.

💡Preparation

Preparation refers to the act of making ready or being in a state of readiness for an event. The video emphasizes the importance of preparation in achieving success, stating that it is a prerequisite for being able to take advantage of opportunities when they come, as illustrated by the neighbor's readiness to work in New Zealand.

💡Opportunity

Opportunity is a set of circumstances that makes it possible to do something. The script uses the term to describe the chance for the neighbor to work in New Zealand, which he was able to seize due to his preparedness, leading to his success.

💡Knowledge

Knowledge is the understanding of facts, information, or skills acquired through experience or education. In the video, knowledge is one of the three essential elements, along with skills and the right attitude, that one must acquire as part of their preparation for success.

💡Skills

Skills are the abilities or expertise acquired through training or experience. The video script mentions skills as a critical component of preparation, necessary for individuals to be ready to excel in their chosen fields, such as the construction worker's skills that allowed him to work in New Zealand.

💡Attitude

Attitude refers to a person's disposition or stance toward something. The video discusses the right attitude as a key to success, including characteristics like hardworking, confident, disciplined, and committed, which are necessary for seizing opportunities.

💡Entrepreneur

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The video script explores the personal entrepreneurial competencies required for success, such as adaptability, creativity, and initiative, which are exemplified in the activities and characteristics discussed.

💡Adaptability

Adaptability is the ability to adjust to new conditions or changes. The script highlights adaptability as a key entrepreneurial competency, necessary for coping with and thriving on changes, which is crucial in the ever-evolving business environment.

💡Initiative

Initiative refers to the ability to assess and initiate things independently. The video script describes initiative as taking full responsibility for one's job or business, acting without being told, which is a trait of successful entrepreneurs.

💡Profit Oriented

Being profit oriented means focusing on generating income and maximizing profits. The video script includes this as one of the entrepreneurial competencies, emphasizing the importance of looking for ways to increase income as part of business success.

💡People Skills

People skills are interpersonal abilities, including effective communication and building good relationships. The video script identifies people skills as a crucial skill for entrepreneurs, necessary for interacting with co-workers and clients in the contact center industry and beyond.

💡Decision Making

Decision making is the process of selecting a course of action from among multiple alternatives. The script discusses the importance of being a sound decision maker, which involves thinking quickly and making wise choices to improve the business and achieve set objectives.

Highlights

The concept that luck is the offspring of preparedness and opportunity is introduced from the book 'How to Turn Your Passion into Profit'.

The importance of being prepared with knowledge, skills, and the right attitude to seize opportunities is emphasized.

A personal story illustrates how preparedness can lead to significant life changes, such as a construction worker's success in New Zealand.

The lesson on personal entrepreneurial competencies for success in contact center services or entrepreneurship is introduced.

A game is used to interactively teach the characteristics of successful entrepreneurs.

The eight characteristics of successful entrepreneurs are listed: hardworking, confident, disciplined, committed, adaptable, creative, initiative, and profit-oriented.

An assessment method is provided to evaluate one's own entrepreneurial competencies.

The necessity of skills in addition to the right attitude for entrepreneurial success is discussed.

Three key skills for entrepreneurs are identified: planning, people skills, and decision-making.

The importance of practicing and developing both attitudes and skills for entrepreneurship is highlighted.

A quiz is presented to check understanding of personal entrepreneurial competencies.

The role of entrepreneurship in improving the quality of life and the importance of converting ideas into marketable products or services are discussed.

The significance of entrepreneurs like Bill Gates in shaping modern conveniences is mentioned.

A challenge is issued to create an action plan for developing personal entrepreneurial competencies.

The episode concludes with a reminder that doing the hard work today makes life easier tomorrow.

An upcoming episode on effective communication in English is teased.

Transcripts

[Music]

hi there everyone

today we will talk about and answer the

question

why are some people get to be extremely

successful and others are not

i read from the book how to turn your

passion into profit by both sanchez

and dean pax lapid that luck is the

offspring of preparedness and

opportunity

in this episode we will discover what

are these preparations

you will find out what you need to do so

that when the opportunities come

you will be more than ready to grab them

so if that has gotten you more curious

get your pen and paper ready so you can

take down your notes and insights during

this episode

i am teacher t and i would like to

welcome you all to the very first

episode of tle

making life easy

[Music]

let me get back to the statement of dean

pax lavid in the book how to turn your

passion into profit

luck is the offspring of preparedness

and opportunity

my neighbor is a high school graduate he

married young and worked as a

construction worker

before opportunity knocked what was the

opportunity

the hiring of construction workers in

new zealand which was posted online

he applied and was hired now it has been

few years since then

and now his two-story house is almost

finished

the question is what made my neighbor

get what he dreamed up

my neighbor surely has these three

things knowledge

skills and right attitude these three

things can be acquired today as part of

your preparation

always remember you will not be lucky if

opportunity comes

when you are not prepared when

opportunity knocked at my neighbor's

door he was able to take it

because he had acquired the knowledge

the skills and the right attitude to

become a construction worker in new

zealand he now earns a whopping 2000

pesos an hour

and that is what we will be discussing

today in this lesson

we will explore and learn the knowledge

skills and attitude of successful

entrepreneur

and employee in contact center services

i will be with you

every step of the way in making your

life easy

why choose contact center services you

might be thinking

how are you going to help your family

amidst this pandemic

you see people losing their jobs like a

security guard in a convenience store

who despite of his dedication and hard

work has been laid out

while a lot of motorcycle owners are now

resorting to food delivery jobs

you see that a job that is essential

today may not be that

essential tomorrow that is never likely

to happen with a contact center services

job once you finish

this specialization you can use it not

just

in the contact center industry but also

in any other industry out there like

online teaching online marketing and

sales to name a few

so study hard because it is the only way

to help your parents today

and that brings to our very first topic

the personal

entrepreneurial competencies of a

successful contact center employee

or even an owner it really depends on

how big of a dream you have

let's play a game i am going to show you

pictures that will give you clues for

the encrypted words

that i want you to guess are you ready

let's begin number one these pictures

characterize

a man and a woman who are blanked

this means working diligently and being

consistent about it

consistent is the exact opposite of

ningas kugon

did you think hard working

if so you are correct

number two these pictures characterize

people who are blank

this means entrepreneurs exhibit

self-reliance in one's ability and

judgment

did you just say confident

if so you're right number three

these pictures characterize people who

are blank

this means entrepreneurs stick to the

plan

and fight the temptation to do what is

unimportant

do you think that it is disciplined

you are correct number four

this picture suggests what

this means entrepreneurs assume full

responsibility

over their business they give full

commitment and solid dedication to make

the business successful

what have you got is it committed

if so you got it right number five

what do these pictures mean

nothing is permanent but change change

occurs frequently

when you own a business you should cope

with and thrive on changes

capitalize on positive changes to make

your business grow

did you say adaptability

if so you got it right number six

what characteristic of entrepreneurs do

this picture suggest

an entrepreneur should be innovative to

stay in business in order to have an

edge over the other competitors

did you say creative well that's great

you got it again number seven

guess what characteristic of

entrepreneurs these pictures are showing

you must put yourself in a position

where you are responsible for the

failure

or success of your business you act

without being told to do so

if you think initiative you are correct

number eight what do these pictures mean

[Music]

you make sure that the business can

generate income

the answer is profit oriented

if you got them all correct good job

let us review the characteristics of

successful entrepreneurs

that we got from our activity successful

entrepreneurs

are hardworking confident

disciplined committed adaptable

or have the ability to accept change

creative

has initiative and profit oriented

now that you know the character or

attitude component of personal

entrepreneurial competencies

i want to ask you if you possess all of

them if not

which among them do you think you still

need to work on

confusing how you will know if you have

them or not here's how

we will have an assessment of your pe

sees on a piece of paper

copy the following you may want to fold

your paper in three parts

the first column is where you will write

all the eight characteristics

of a successful entrepreneur i will give

you 30 seconds to complete it

and then i will ask you for a yes or no

question

for each of the pecs or personal

entrepreneurial competencies

your 30 seconds starts now

time's up simply check the box that

corresponds to your answer

one for hard working do you work hard

consistently until you finish a task

two for confident do you believe in your

ability to handle

uncertain situations

three for discipline do you stick to

your plan and avoid doing unimportant

activities

four for committed do you deliver what

you have promised to do

five were adaptable or the ability to

accept change

do you cope easily with change

capitalizing on positive changes

6 for creative are you able to find

solutions to existing problems and needs

seven for hub initiative do you take

active responsibility

over your current situation

eight for profit oriented do you always

look for ways to increase your income or

say

to have an income if you have answered

all these questions with a resounding

yes

congratulations you are halfway to

becoming a successful entrepreneur

but if you have not answered with a yes

to all of them

i am encouraging you to learn to

incorporate those characteristics

now that you know your areas for

improvement in personal entrepreneurial

competencies

let's go look at the skills component of

personal entrepreneurial competencies

suppose you have the right attitude of a

successful entrepreneur

but you don't have the skills what is

likely to happen

attitude isn't enough right however it

is the starting point

a positive attitude will lead you to

develop the following skills

one be an excellent planner planning

involves strategic thinking and goal

setting to achieve objectives by

carefully maximizing

all the available resources two possess

people's skills people skills refer to

effective and efficient communication

and establishing good relationship with

the people you work with

either as co-workers or clients three

sound decision maker successful

entrepreneurs can think quickly

to make wise decisions towards the

pre-betterment

set objectives we cannot deny that

making wise decisions

is an important skill that an

entrepreneur should possess

now that we discuss both eight attitudes

related personal entrepreneurial

competencies

and the three skills related personal

entrepreneurial competencies

i want you to answer these questions on

a sheet of paper

one when was the last time you wrote

your goals down

did you make plans

two could you cite a situation that you

tried to understand a friend

or a member of a family by listening

and you were able to give great advice

three

was there ever a time that you got

through difficult times because of the

wise choices you made

if you were able to give an answer to

question number one

it means you have the making of an

excellent planner

if not you now know that you need to

consciously

write down goals and make plans you may

also want to record your actions

and see how your goals start to come

true

it's the same thing for question number

two and three

if you can't recall a time that you

demonstrated people's skills and

decision making skills

you know that you have to practice

listening well

to understand the people you talk to and

consequently be able to give them great

responses

the same is true for decision making

skills practice

you may also want to evaluate your

current situation

identify problems and decide on what

action you should take

to improve your situation students

now that we have tackled all the

personal entrepreneurial competencies

let us check your understanding by

answering the following questions

number one which competency

is referred to as having self-reliance

in one's ability

and judgment a hard-working

b disciplined c committed

d confident

the answer is letter d number two

which competency is meant when an

entrepreneur can cope with changes

a creative b adaptability

c has initiative or d profit oriented

the answer is letter b

number three it is demonstrated by an

entrepreneur

when he or she is consistent at what he

or she

does a hard working

b initiative c confident

or d creative

the answer is letter a

number four this means that an

entrepreneur

sticks to plan and fight the temptation

to do what is unimportant

a creative be confident

c disciplined and d profit oriented

the answer is letter c number five

what skill of a successful entrepreneur

is described

as the ability to communicate in an

effective and efficient manner

letter a people skills letter b

excellent planner letter c sound

decision maker

letter d hard working

[Music]

the answer is letter a

number six when you ensure

that your business generates income you

are considered as someone who is

blank letter a excellent planner

letter b entrepreneur letter

c profit oriented or letter d

creative the answer

is letter c number seven

these people have the ability to

evaluate business opportunities

a excellent planners b

sound decision makers c possess people

skills and letter d entrepreneurs

the answer is letter d number eight

a skill in which an entrepreneur

develops and follows the steps in the

plan diligently

to realize goals a excellent planner

b sound decision maker c

possesses people's skills letter d

committed the answer is letter a

number nine these are the entrepreneurs

that can think

quickly and prudently letter a

sound decision makers b

excellent planners c possesses people's

skills

letter d confident

the answer is letter a number 10

a trait of a successful entrepreneur

demonstrated when he or she

innovates to have an edge over the other

competitors

letter a adaptable letter b

creative letter c committed

or letter d disciplined

the correct answer is letter b

there we have it i hope you enjoyed

answering your short quiz

and i hope that you got correct answers

for each of the questions

if you got a score below 7 you might

want to re-watch this episode on debit

commons

or on the official youtube channel of

david tv

summing it up we have discussed that

entrepreneurs are people

with the skills to see and evaluate

business opportunities

while entrepreneurship is both the art

and the science of converting

business ideas into marketable products

or services

to improve the quality of living

i think that this should excite you the

way it excites me

that entering the entrepreneurial world

is about improving the lives of others

and consequently

your own life without entrepreneurs like

bill gates

we will surely have hard time with our

school reports

and office work right we also learned

about personal entrepreneurial

competencies

which are the following one hard-working

which means working diligently two

confident which means

belief in and reliance on one's ability

three

discipline which means always sticking

to one's plan four

competed which means having solid

dedication

five ability to accept change which

means

being adaptable six creative which means

being innovated to have an edge

over other competitors seven has

initiative

which means taking full responsibility

for your job or

business eight profit oriented

which means always looking for an

opportunity to generate

income nine an excellent planner which

means

thinking strategically in setting goals

10

possesses people's skills which means

being effective and efficient

in communication and being able to

relate well to people

11. sound decision maker which means

being able to make wise decisions

towards the set objectives since we have

learned the personal entrepreneurial

competencies

and assess where and what competencies

you still need to

work on you can now create a list of

personal entrepreneurial competencies

that you would want to improve on or

develop i challenge you to create an

action plan to develop your personal

entrepreneurial competencies

finally we have reached the end of this

episode

it's time to remind you that life will

be easier tomorrow

if you do the hard part today see you in

our next episode where we will talk

about

how to communicate effectively in

english this has been teacher t

on tle making life easy

[Music]

you