entrepreneurship

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Entrepreneurship

2. Define the term entrepreneur and
distinguish among entrepreneurs,
small-business owners, and
managers.
Identify the different types of
entrepreneurs.
Explain why people choose to
become entrepreneurs.
Discuss factors that support and
expand opportunities for
entrepreneurs.
Identify personality traits that
typically characterize successful
entrepreneurs.
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3. Entrepreneurship is…
• The act of creating a business or businesses while
building and scaling it to generate a profit.
• An important driver of economic growth and
innovation.
• What people do to take their career and dreams into
their hands and lead it in the direction of their own
choice.
• About building a life on your own terms. No bosses.
No restricting schedules. And no one holds you back.

4. • An entrepreneur is…
• A person who sets up a business with the aim to
make a profit and creates a new business, bearing
most of the risks and enjoying most of the rewards.
• An innovator, a source of new ideas, goods, services,
and business/or procedures.
• Playing a key role in any economy, using the skills
and initiative necessary to anticipate needs and bring
good new ideas to market.

5. 1. Entrepreneurship generates new wealth in an economy.
2. Entrepreneurship decreases poverty.
3. It creates opportunities, ensures social justice, instills
confidence and stimulates the economy.
4. Entrepreneurship improves productivity
5. Entrepreneurs create jobs.
7. Entrepreneurs create innovation and social change

6. 1. To prepare students for livelihood even before college.
2. Entrepreneurship education aids students from all
socioeconomic backgrounds to think outside the box and
nurture unconventional talents and skills.
3. Entrepreneurship develops their initiative and helps them
to be more creative and self-confident in whatever they
undertake and to act in a socially responsible way.
4. It exposes students to numerous opportunities to learn
how to think critically and analyze the pieces on the board.

7. 5. Being aware of all the important factors and seeing how
they affect each other is the foundation of a smart decision-
making process.
6. Students have to be exposed to real-world examples and
learn from their own experience.
7. Entrepreneurship education requires students to be
innovative, creative and collaborative with others.

8. • More than 6% of Filipinos run their own business.
• 18.4% are engaged in early-stage entrepreneurship
(TEA)
• People choose entrepreneurship for many reasons
– Dissatisfaction with traditional work
– Their ideas fulfill customer needs

9. • Career Opportunities of Entrepreneurship
• 1. Business Consultant - with the expertise of in the field of
entrepreneurship, he can be a very good source of advices to other
entrepreneurs and would be business man.
• 2. Teacher - a graduate of an entrepreneurship can use his knowledge in
• teaching.
• 3. Researcher - the entrepreneur can be employed as researcher by an
• enterprise.
• 4. Sales - the entrepreneurship graduate can apply as salesman.
• 5. Business Reporter - the entrepreneur being expert in the field, he can be
• employed as business reporter.

10. • Being your Own Boss
– Self-management is the motivation that drives many
entrepreneurs.
• Financial Success
– Entrepreneurs are wealth creators.
• Job Security
– Over the past ten years, large companies have
eliminated more jobs than they have created.
• Quality of Life
– Starting a business gives the founder some choice
over when, where, and how to work.

12. • Vision - entrepreneurs begin with an overall idea
for how to make their business idea a success
• High Energy Level - a willingness to work hard
• Need to Achieve - entrepreneurs work hard
because they want to excel
• Self-Confidence - fearlessness in the face of
difficult odds

13. • Tolerance for Failure - entrepreneurs are not
easily discouraged
• Creativity - entrepreneurs devise innovative ways
to overcome difficult problems and situations
• Tolerance for Ambiguity - entrepreneurs take in
stride uncertainties.
• Internal Locus of Control - entrepreneurs believe
they can control their own fate

14. 1. Decisive - an entrepreneur must be firm in
making decisions.
2. Communicator - an entrepreneur must have
a convincing power.
3. Leader - an entrepreneur must have the
charisma to be obeyed by his employees.
4. Opportunity seeker - an entrepreneur must
have the ability to be the first to see business
chances.

15. 5. Proactive - controlling a situation by making
things to happen or by preparing for possible
future problems.
6. Risk Taker - they have the courage to
pursue their business ideas.
7. Innovative - the entrepreneurs have big
business ideas and they do not stop improving
and thinking of new worthwhile ideas for their
business.

16. 1. Innovative entrepreneur - They are those
who always make new things by thinking of
new ideas. They have the ability to think
newer, better and more economical ideas.
2. Imitating entrepreneurs - They are those
who don’t create new things but only follow the
ideas of other entrepreneurs.

17. 3. Fabian entrepreneurs - They are skeptical
about changes to be made in the organization.
They don’t initiate but follow only after they are
satisfied.
4. Drone entrepreneur - They are those who
lives on the labor of others. They are die-hard
conservatives even ready to suffer the loss of
business.

18. 5. Social entrepreneurs - They are those who
initiate changes and drive social innovation and
transformation in the various fields such as
education, health, human rights, environment
and enterprise development.

19. Activity 1 Let Me Know
• Give at least five (5) names of entrepreneurs
that you know. May it be from your locality or
within Philippines. Identify what are their
common traits as entrepreneur. Write it in one
half cross wise and submit it to your teacher.

20. HENRY T. SY SR. (SHOE MART)

21. Lucio Tan is the founder and chairman of LT group, which
largely deals in tobacco, brewery, real estate, airlines, and
banking.(SAN MIGUEL CORP)