are there other strategies or approaches where you can asses your PEC's? explain how these strategies well become more useful in selecting a viable business venture.

Entrepreneurs plays a big role in a society, they are the agent of an economic change, they are the opportunity seeker, risk taker, goal settler and problem solver. As an entrepreneur assessing PEC's is vital because the success of every business is a result of a successful assessment of PEC's. If the PEC's is well identified an entrepreneur will understand it's skills to see and evaluate business opportunities.

STRATEGIES IN ASSESSING PEC'S

1. Assess yourself if you are hardworking- Works diligently

2. Exhibit self confidence- Self reliance in one's ability

3. Discipline- Check yourself if you are always stick to plan

4. Commitment- Solid dedication

5. Ability to accept change-Adaptability

6. Being creative- Innovative

7. Has initiative- always looking for an opportunity to earn income

8. Profit-oriented- Strategic thinking and setting of goals

After identifying PEC's, an entrepreneur will discover it's the strengths and other areas that the entrepreneur needs to develop. An entrepreneur will determine if he/she can perform those functions effectively and it is very useful in selecting viable business venture.