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  1. 1. Entrepreneurship Presented by: Arnel O. Rivera LPU-Cavite
  2. 2. What is Entrepreneurship? <ul><li>The practice of starting a new business in response to identified opportunities. (Onuoha, 2007) </li></ul><ul><li>It is the result of new industries or a combination of new industries. </li></ul>
  3. 3. What is an Entrepreneur? <ul><li>A person who organizes, manages and assumes the risk of a business or enterprise (Sober,2009). </li></ul>
  4. 4. <ul><li>When you reach an obstacle, turn it into opportunity </li></ul><ul><li>Mary Kay Ash </li></ul><ul><li>No one gets rich by working for someone. </li></ul>
  5. 5. Ten Common Characteristics of Successful Entrepreneurs
  6. 6. 1. Entrepreneurs decide on long term perspective. <ul><li>They see to it that they always make the best decision. </li></ul><ul><li>Whatever you do today will affect your future. </li></ul>
  7. 7. 2. Entrepreneurs value time. <ul><li>They do useful things every minute of their lives. </li></ul><ul><li>Time is money. You waste time, you waste money. </li></ul>
  8. 8. 3. Entrepreneurs are easy to get along with. <ul><li>They try to blend in any situation and can deal with even the most difficult people. </li></ul>
  9. 9. 4. Entrepreneurs see the best even in worst situation. <ul><li>They consider any situation as an opportunity and a lesson to be learned. </li></ul>
  10. 10. 5. Entrepreneurs are tenacious. <ul><li>They are obsessed in getting what they want. </li></ul>
  11. 11. 6. Entrepreneurs are great salespersons. <ul><li>They talk well, urge people to buy what they are selling whether concepts, good or ideas. </li></ul>
  12. 12. 7. Entrepreneurs never cease to learn. <ul><li>They welcome new ideas, technology and new methods of doing things. </li></ul>
  13. 13. 8. Entrepreneurs expect the best from themselves and others. <ul><li>They give their best performance and expect others to do the same. </li></ul>
  14. 14. 9. Entrepreneurs are versatile. <ul><li>They can do almost everything or can lead others to do things for them. </li></ul>
  15. 15. 10. Entrepreneurs are risk-takers. <ul><li>They are not afraid to fail. </li></ul>
  16. 16. Kinds of Business <ul><li>Trading – buying and selling goods without altering its form. </li></ul><ul><li>Manufacturing – creating new products out of raw materials. </li></ul><ul><li>Service – sells services instead of products </li></ul>
  17. 17. Tips on how to succeed in business <ul><li>Start with the right business. </li></ul><ul><li>Know your market </li></ul><ul><li>Evaluate the business industry you are interested in. </li></ul><ul><li>Evaluate your management style. </li></ul>
  18. 18. Tips on how to succeed in business <ul><li>Have a solid financial control. </li></ul><ul><li>Be focused </li></ul><ul><li>Be ethical in business </li></ul><ul><li>Accept the fact that competition exist and face it. </li></ul>
  19. 19. Final Exams Coverage <ul><li>Emergency Rescue and Transfer (ERT) </li></ul><ul><li>Filipino Youth Delinquency </li></ul><ul><li>Leadership </li></ul><ul><li>Entrepreneurship </li></ul><ul><li>Date: October 9, 2010 (Saturday) </li></ul><ul><li>Time: 7:30 – 9:00 </li></ul><ul><li>Venue: Library </li></ul>