It is very important to assess one's
personal entrepreneurial competencies (PECs) in order to know the strengths and
weaknesses of the entrepreneur. In that manner, the entrepreneur can design a
plan to compensate for his weaknesses and develop his strength in order to
deliver the excellency that was expected of him. It is necessary to know one's
capacities in order to easily make further adjustments and improvements of
one's choices in the future.