2. A BEACON’S PRAYER
Almighty God, You are sovereign, You are all powerful, and You are
my Creator, I praise You. Let Your light within me shine before others,
that they may see Your good deeds and glorify You.(Matthew 5:16)
As I am rooted in Your Word, joyfully standing strong, lead me please
to walk in the way of love, (Ephesians 5:2) just as Christ loved me, to
where I should be, Lord God. Let me reflect the bright light that can
only come from You who allowed me to be a Beacon in the darkness,
a light in this world.
Thank You for blessing me with the opportunity to be filled with Your
light and be a blessing and a guide to many.
I am a Beacon because of who You are, Father. May You work in me
and through me today what is pleasing to You, through Jesus Christ
to whom be glory forever and ever.(Hebrews 13:21)
AMEN!
10. Instruction
• Think of 10 words or
phrases that you can
associate when you
hear the word
ENTREPRENEURS
HIP. Using your
given 10
words/phrases make
your own definition of
ENTREPRENEURS
HIP.
ENTREPRENEURSHIP
12. LEARNING
OBJECTIVES:
Discuss the relevance of entrepreneurship in general,
including its economic importance.
Define who entrepreneur is.
Explain the key concepts of common and core
competencies in entrepreneurship.
Delineate clearly between entrepreneurship and
employment.
Explore opportunities for entrepreneurship as career.
13. ENTREPRENEURSHIP
• The activity of setting up a business or businesses,
taking on financial risk in the hope of profit (Oxford
Dictionaries).
• It can also be defined as “one which undertakes
innovations, finance and business expertise in an
effort to transform these innovations into economic
goods”
• Entrepreneurship is a proactive process of
developing a business venture to make a profit.
14. Societal and Economic Benefits of
Entrepreneurship
1. Produces more jobs that equate to an increase in
national income.
2. Introduces new an innovative products and services.
3. Improves people’s living standard.
4. Disperses the economic power and creates equality.
5. Controls the local wealth and balances regional
development.
6. Elicits economic independence and capital
formation.
15. ENTREPRENEUR
FRENCH ORIGIN:
ENTRE – “between”
PRENDRE – “to take”
- A unique individual who has the innate ability and
extraordinary dedication to establish and manage a
business, acknowledging all the risks and reaping its
reward.
16. REFLECT UPON!
1.What do you think are the factors that drive
Filipinos to become an entrepreneur?
2. Name ONE (1) entrepreneurial trends that
you observe in your environment. Why do you
think this entrepreneurs venture into this
businesses?
18. LEVELS OF ENTREPRENEURIAL DEVELOPMENT
(According to Action Coach)
1. The Self-
employed
2. The
Manager
3. The
Leader
4. The
Investor
5. The True
Entrepreneur
19. LEVEL 1: THE SELF-
EMPLOYED
Those who want a greater sense of
freedom, along with more responsibility
and control over their lives, typically make
the jump from employee to self-employed.
However, many people at this level only
end up making a job for themselves. In
addition, they typically don’t trust anyone
else to get the job done, so they end up
being trapped by the work that they’ve
created for themselves.
20. LEVEL 2: THE MANAGER
When a business grows, the owner typically
needs to hire some help. This is the stage when
tasks can be delegated to others. However, the
mistake that most people make at this level is
hiring the wrong people or not providing
adequate training for the people that they hire.
As a result, they end up spending their time
putting out fires created by their employees
(while still trying to manage customers and the
business and still doing the work). Many people
at this stage feel that they are working hard and
getting nowhere.
21. LEVEL 3: THE LEADER
Being a strong leader is a critical
component of this level because the leader
needs to inspire the team and to define the
vision and direction of the business. At this
stage, they spend more time working ON
the business rather than IN the business.
At this stage, the income from the business
becomes passive income because the
owner does not need to do much for the
business to run.
22. LEVEL 4: THE INVESTOR
When a business can run profitably on its
own, then the owner can become an
investor. As an investor, a business owner
can make more money selling businesses
rather than running them. They achieve
this by buying businesses, building them
up, and then selling them to other people.
This is the stage where a business owner
can start to accumulate wealth.
23. LEVEL 5: THE TRUE
ENTREPRENEUR
This is the level where
true capitalists operate. At
this level, entrepreneurs
make money by raising
capital and they use other
people’s money to build
paper assets (like stocks,
shares, franchises,
licenses, and royalties).
Think of it this way: True
entrepreneurs use other
people’s money to make
money. Being at this level
is the ultimate goal of
every business owner.
26. TECHNOPRENEUR:
• Puts technology at the core of his/her
business model.
• Distinguishes themselves through their
ability to accumulate and manage
knowledge, as well as their ability to
mobilized resources to achieve a
specified business or social goal.
27. ENTREPRENEUR’S FIELD/
EXPERTISE
SOCIAL ENTREPRENEURSHIP
• an approach by individuals,
groups, start-up companies or
entrepreneurs, in which they
develop, fund and implement
solutions to social, cultural, or
environmental issues.
28. SOCIAL ENTREPRENEUR:
• Takes advantage of the country’s social
problems and turn them into profitable
institutions.
• Pursues novel applications that have the
potential to solve community-based
problems.
• Takes on the risk and effort to create
positive changes in society through their
initiatives.
30. INTRAPRENEUR: • Is from a large company who is
tasked to think, establish, and
run a new big idea.
• Intrapreneur refers to an
employee of the
organization who is in
charge of undertaking
innovations in product,
service, process etc
• Is self-motivated, proactive,
and action-oriented people
who take the initiative to
pursue an innovative product
or service.
31. • The intrapreneur who
not only chooses to
apply her/his talents to
her/his own
organization, but also
applies those talents
externally to other
organizations and then
brings those
experiences back
internally.
• Is unique from
entrepreneurs and
intrapreneurs primarily
because of the feature
of collaboration.
