Introduction to Household Services

• Entrepreneur

  •  people that are innovative and are able to think outside of the box.
  • they are the ones that “create new businesses in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying significant opportunities and assembling the necessary resources to capitalize on them.”
  • possesses certain characteristics that are necessary in pursuing business ventures.
• According to Zimmerman and Scarborough (2015) they are the ones that “create new businesses in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying significant opportunities and assembling the necessary resources to capitalize on them.” 
• To understand “entrepreneurial personality” better, McClelland and McBer identified patterns of behavior that are commonly present in entrepreneurs. (Personal Entrepreneurial Competencies)
•  Personal Entrepreneurial Competencies (PECs)


  entrepreneurial qualities that best describe the ability and characteristics of an entrepreneur.
• These PECs or behavioral patterns identified by McClelland and McBer are classified into three (3) general clusters:

  1. achievement
  2. planning, and
  3. power.
• Achievement Cluster

  1. Opportunity-seeking
  2. Risk-taking
  3. Persistence
  4. Commitment to work contract
  5. Demand for efficiency and quality
• Planning Cluster

  1. Information-seeking
  2. Goal-setting
  3. Systematic planning and monitoring
• Power Cluster

  1. Self-confidence
  2. Persuasion and networking
• Risk-taking

  • Being able to take risks as an entrepreneur is an admirable characteristic
  • This will also help you foresee things that are outside the box and beyond your comfort zone
• Persistence

  • You are eager to meet any challenges your way and accomplish your goal, be it in employment or business.
  • Being in the household services shapes your persistence as a worker. This will help you in your journey as an entrepreneur.
• Commitment to Work Contract

  • Agreements such as ones indicated in work contracts are to be fulfilled
  • As an entrepreneur and a household service worker, both careers demand you to deliver what you have promised in order to satisfy your clients.
• Demand for efficiency and quality

  • Maintaining a standard that guarantees efficiency in the workflow and quality of services and products being offered is a vital characteristic of an entrepreneur.
  • Such an attribute may result to more clients for your business.
• Information seeking

  • Information is evolving non-stop in today’s society that to be successful as a household services worker and entrepreneur, you must be vigilant in learning new things to improve your skills and widen your knowledge.
  • Being up-to-date with the latest news and information concerning your business will help you create better strategies for improvement.
• Goal setting

  • Entrepreneurs know how to set goals that maximize every resource that they have.
  • In order to ensure the accomplishment of these goals, they are set by following the SMART (specific, measurable, attainable, realistic, and time-bound) rule.
  • To achieve large tasks, they are divided into short-term goals that still meet your initial target.
• S.M.A.R.T. Rule

  • specific
  • measurable
  • attainable
  • realistic
  • time-bound
• Systematic planning and monitoring

  • Engaging in multiple tasks and endeavors is common for a household services worker and an entrepreneur.
  • You must know how to develop logical systems that include step-by-step processes that you can take that result in the achievement of your targets.
  • Constant and consistent monitoring will also allow you to see where your strengths and weaknesses are.
• Persuasion and networking

  • The importance of knowing the right people will always be a key essential in any business endeavor.
  • Expanding your reach through persuading people to believe in your ideas and concepts can be the way to have a bigger network of contacts that can help you achieve your goals.
• How to Create Business Ideas in Household Services

  1. Identifying business opportunities
  2. Coming up with business ideas
  3. Selecting a business idea
• Identifying Business Opportunities

  • It takes an experienced entrepreneur to be able to identify ideas that can be converted into successful business ventures.
  • Being able to recognize feasible business opportunities is a very critical stage in seeking entrepreneurship. It may make or break your success in this area.
• According to Hisrich, Peters, and Shepherd (2008), the following are good sources of initiatives and information that can turn into a good business opportunity:

  • Interests and Hobbies
  • Products that are not effective
  • Experiences
  • Reading Materials
  • Family and Friends
  • Observations
  • Problems Encountered
• Coming up with a business idea

  • With all the trends and development in technology nowadays, it can be difficult to keep up and create new offerings for the public.
  • To come up with an achievable business idea you have to undergo the phase of idea generation.
• Selecting Business Ideas

  • These techniques are based on the following factors:
  • Your skills and abilities
  • Your personal preference
• Your skills and abilities

  • Acknowledging your skills and abilities will help you to identify the best and suitable business idea for you
  • Your ideas must compliment the skills that you have in order to assist your idea in becoming a true business success.
• Your personal preference

  • Having a clear vision and understanding of your preferences will aid you in choosing your business.
  • As they say, “do what you love and you will never work a day in your life.”
  • This is true in every path that you take, may it be in business or employment in household services.
• Self-confidence

  • Whether it be as a worker or an entrepreneur, one must be confident enough to create and make their own decisions
  • Assurance of your capabilities and know-how will help you be decisive when it comes to business matters.
• SWOT Analysis

  • Strengths
  • Weaknesses
  • Oppurtunities
  • Threats
• Strengths


  refer to affirmative and advantageous factors to a business idea or opportunity.
• Weaknesses


  refer to factors that may be considered as limitations that may affect the success of a business idea or opportunity.
• Opportunities


  refer to positive factors brought about by outside forces, such as investors, that benefit the entrepreneur and the business.
• Threats


  refer to factors that can negatively affect the business’s success due to actions and entities undertaken outside the control of the entrepreneur or business.
• Controllable Factors / Internal Factors

  • Strengths
  • Weaknesses
• Uncontrollable Factors / External Factors

  • Opportunities
  • Threats
• Positive Factors

  • Strengths
  • Opportunities
• Negative Factors

  • Weaknesses
  • Threats