This document discusses entrepreneurship and the skills needed to be a successful entrepreneur. It outlines the roles of entrepreneurship in economic development, such as creating employment, developing new markets, introducing innovation, and generating new sources of materials. It also discusses personal entrepreneurial competencies like motivation, leadership, risk-taking, and decision-making. Key attributes of a good entrepreneur are listed as being hardworking, able to accept change, confident, creative, having initiative, disciplined, and committed. Important skills include planning, possessing people skills, sound decision-making, computer skills, business skills, communication skills, problem-solving skills, mathematical skills, and organizational skills.

1. ENTREPRENEURSHIP
Module2
JONATHANC.IGLESIAS
MasterofArtsinEducation
UniversityoftheCordilleras
SeniorHighSchool

2. WHEN DO YOU PLAN TO
HAVE YOUR FIRST MILLION?

3. ROLES OF ENTREPRENEURSHIP
TO THE ECONOMIC
DEVELOPMENT
Entrepreneurship plays an
influential role in the
economic growth and standard of living
of the country. As a startup founder or
small business owner, you may think that
you are simply working hard to build your
own business and provide for yourself
and your family.

5. Creates Employment
The simple translation is that
when you become an
entrepreneur, there is one less
job seeker in the economy,
and then you provide
employment for multiple
other job seekers.

6. Develops new market
Entrepreneurs setting up
new businesses and
industrial units help with
regional development by
locating in less developed
and backward areas.

7. Introduces Innovation
Developing and adopting
innovations that lead to
improvements in the quality
of life of their employees,
customers, and other
stakeholders in the
community.

8. Generates new
sources of material
Entrepreneurs are
always in constant
search for better and
cheaper sources of
materials they need.

9. Stimulates investment
interest in the new business
When entrepreneurs
engage in a new business,
it stirs curiosity for other
people to invest in the
business because of the
benefits it offers

10. Improves the quality
of life
Entrepreneurs set up industries
which remove scarcity of
essential commodities and
introduce new products.

11. Serves as Role Model
Entrepreneurs are people
to be emulated by
younger generations in
the community and
society at large

12. Bring social benefits
to the people
By establishing the business
entity, entrepreneurs invest
their own resources and
attract capital (in the form of
debt, equity, etc.) from
investors, lenders and the
public.

13. Utilizes and mobilizes
indigenous resources
Small and medium
enterprises will always
look for cheaper and
local materials to
supply their needs.

14. Provides more alternatives for
consumer
Requires the
entrepreneurs to come
up with more products
and services
consumers can choose
from

15. ENTREPRENEURIAL
COMPETENCIES
Entrepreneurial competencies are
the skills necessary for an
entrepreneur to venture into an
enterprise; organize and manage an
enterprise ably and competently;
and
realize the goal for which the
enterprise is established.

16. PERSONAL
ENTREPRENEURIAL
COMPETENCIES

17. MOTIVATION
LEADERSHIP
RISK-TAKER
DECISION-
MAKING
Leadership
“Leadership is the ability to influence
other people, with or without
authority.”

18. MOTIVATION
LEADERSHIP
RISK-TAKER
DECISION-
MAKING
Motivation
Regarded as the inner state that
energizes activities and directs or
channels behavior towards the goal

19. MOTIVATION
LEADERSHIP
RISK-TAKER
DECISION-
MAKING
Risk-taker
Risk can be defined as possibility of
failure or loss or other adverse
consequences in pursuing some
activity or venture

20. Exempted in the
second quiz
Nice TRY!!!
One hundred peso
load
Plus 5 points in the
exam
TRY YOUR LUCK!
BETTER LUCK NEXT
TIME
TAKE A RISK
01 02 03
06
05
04

21. MOTIVATION
LEADERSHIP
RISK-TAKER
DECISION-
MAKING
Decision-Making
all about employing one’s mental
processes to come up with a final
choice after careful consideration of
several options or alternatives.

22. PERSONAL ATTRIBUTES OF
A GOOD ENTREPRENEUR

23. 1
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04
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Hardworking -working diligently and being consistent about it.
Ability to accept change
Confident -self-reliance in one’s ability and judgment.
Creative -creative and innovative to stay in the business
Has the initiative -you are responsible for the failure or
success of your business.
Disciplined -stick to the plan and fight the temptation to do
what is unimportant.
Committed -solid dedication to making the business
successful.

24. SKILLS OF A GOOD
ENTREPRENEUR

25. 01
Excellent planner:
A good entrepreneur knows that planning is an
effective skill only when combined with action.
02
Possesses people skills:
People skills refer to effective and efficient communication and
establishing good relationships with the people working in and
out of your business.
03
Sound decision maker:
Ability to think quickly and to make wise decisions towards
a pre-determined set of objectives.
Important Skills of a Successful Entrepreneur:
A skill is an ability that’s learned through training and practice.
Computer Skill
Business Skill
Communication Skill
Problem-Solving Skill
Mathematical Skill
Organizational Skill

26. WORKPLACE
Entrepreneurship
COMPETENCY