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ENTREPRENEURSHIP
AND
LIVELIHOOD
ENHANCEMENT
EDRYL D. EMONG, LPT
IBFS FACULTY
2
3
4
According to CEO
World’s
Entrepreneurship
Index, Philippines
ranked as the 18th
most entrepreneurial
country in the world.
5
2nd
highest ranking in
the South East
Asian Country after
Malaysia
6
CANYOU GUESSTHE
MOST ICONIC FILIPINO
ENTREPRENEURS WHO
PUT A NAME INTHE
DEVELOPMENT OFTHE
PHILIPPINE ECONOMY?
7
HENRY SY (SHOE MART)
One of the country’s
retail giants.
8
TONYTAN
CAKTIONG
THE MAN BEHIND THE
COUNTRY’S SUCCESSFUL
FOOD FRANCHISE, JOLLIBEE
FOOD CORP.
JOHN GOKONGWEI JR
(JG HOLDINGS)
The owner of
Robinsons, Robina
Land, Cebu Pacific
Airlines and Universal
Robina Corporation
10
MARIANO QUE
The owner of the most
trusted drugstore in the
country, the Mercury
Drug Store.
11
WHAT IS ENTREPRENEUR?
12
13
14
15
16
17
CHARACTERISTICS OF ENTREPRENEURS
18
CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR
Creativity helps in coming
up with new solution for
the problems at hand and
allows one to think of
solutions that are out of the
box.
19
CREATIVITY It is a quality which all good
entrepreneurs must possess. An
entrepreneur's mannerisms and
behavior with their employees
and clientele goes a long way in
developing the culture of the
organization.
PROFESSIONALISM
CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR
Good entrepreneurs are
always ready to invest their
time and money but they
always have a backup for
every risk they take.
20
RISK-TAKING
It allows the ability to put extra
hours in the office which can or
may make a difference. At the
beginning of every
entrepreneurial venture or any
venture, there are hurdles but
your passion ensures that you
are able to overcome these
roadblocks and forge ahead
towards your goal.
PASSION
CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR
Planning is strategizing the
whole game ahead of time It
basically sums up all the
resources at hand and enables
you to come up with a structure
and a thought process for how
to reach your goal.
21
PLANNING An entrepreneur should possess
complete knowledge of his niche
or industry. It enables him to
keep track of the developments
and the constantly changing
requirements of the market that
he is in.
KNOWLEDGE
CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR
Social Skills involve the
following :
Relationship Building
Hiring and Talent Sourcing
Team Strategy Formulation
22
SOCIAL SKILLS
An entrepreneur should be
determined. He should face his
lossess with a positive attitude
and his wins, humbly. A good
businessman will know not to
frown on a defeat. A good
entrepreneur takes the
experience of this setback and
works even hard with the next
goal in line.
OPEN-MINDEDNESS
CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR
Empathy is the understanding
of what goes on in someone’s
mind. This a skill that is worth a
mention. A good entrepreneur
should know the strengths and
weakness of every employee
who works under him.
23
EMPATHY
A good entrepreneur will
always know this, a
business is all about the
customer.
CUSTOMER IS EVERYTHING
TYPES OF ENTREPRENEUR
24
They seek to create
scalable businesses within
a short time frame. These
individuals seek to build
out a strong infrastructure
by hiring the best talent
and seeking the best
investors.
25
BUILDER
They are optimistic
individuals with the ability
to pick out financial
opportunities, getting in
at the right time, staying
on board during the time
of growth, and existing
when a business hits its
peak
26
OPPORTUNIST
Those rare individuals that
come up with a great idea
or product that no one
has thought of before.
They are more focused
about the impact of their
product and services to
the society.
27
INNOVATOR
These individuals are
analytical and risk-averse.
They have a strong skill
set in a specific area
obtained through
education or
apprenticeship.
28
SPECIALIST
29
1. Start with a great
business idea
2. Develop an
entrepreneurial mindset
3. Plan your path to success
4. Launch your business
5. Grow the network
6. Communicate success
30
SMARTTIP
HOW
ENTREPRENEURSHIP
SHAPE OUR
ECONOMYTODAY?
31
According to Kritikos (2014)
in his study entitled
“Entrepreneurs and their
Impact on Jobs and
Economic Growth” stated
that productive
entrepreneurs can
invigorate the economy by
creating jobs and new
technologies , and
increasing productivity
33
KEY FINDINGS
PROS
Entrepreneurs boost
economic growth
by introducing
innovative
technologies,
products, and
services.
CONS
Only few people
have the drive to
become
entrepreneur.
34
KEY FINDINGS
PROS
Increased
competition
from
entrepreneurs,
challenges
existing firms to
become more
productive.
CONS
Entrepreneurs
face a
substantial risk
of failure, and
the cost are
sometimes
borne by
taxpayers.
35
KEY FINDINGS
PROS
Entrepreneurs
provide new job
opportunities in
a short and long
term
CONS
In the medium
term,
entrepreneurial
activities may
lead to layoffs if
existing firms
close.
36
KEY FINDINGS
PROS
Entrepreneurial
activity raises
the productivity
of firms and
economies.
CONS
A high level of
self-employment
is not necessarily
a good indicator
of
entrepreneurial
activity.
37
KEY FINDINGS
PROS
Entrepreneurs
accelerate
structural
change by
replacing
established,
sclerotic firms.
CONS
Entrepreneurshi
p cannot flourish
in an over-
regulated
economy.
38
39
An entrepreneur is an individual who takes an idea or product
and create a business, a process known as entrepreneurship.
Creating a business requires a lot of work and dedication, which
not everyone is cut out for. Entrepreneurs are highly motivated
risk-takers that have a vision and sacrifice a lot to achieve that
vision.
Entrepreneurs enter the market because they love what they do,
believe their product will have a positive impact, and hope from
their efforts. The steps entrepreneurs take fuel the economy; they
create business that employ people and make products and
services that consumers buy.
BOTTOMLINE
40
COLLABORAT
E
Any Questions?
41
COLLABORAT
E
42
COLLABORAT
E
Any Questions?
43
Ichimura, A. (2021). Top 20 Entrepreneurial Countries in the World. Retrieved on August 21, 2021 from
https://esquiremag.ph/money/industry/ph-top-entrepreneurialcountries-a00304-20210204
Kritikos, A. (2014). Entrepreneurs and their Impact on Jobs and economic Growth. IZA World of Labor
2014:8 doi:10.15185/izawol.8
Hayes, A. (2021). Entrepreneur: Business Essentials. Retrieved on August 21, 2021 from
https://Investopedia.com/terms/e/entrepreneur.asp
JBCN Education, (2017). 10 Characteristics of a successful entrepreneur. August 21, 2021 from
https://jbcnschool.edu.in./blog/characteristics-of-an-entrepreneur/
Dunlop, B. (n.d.). How to become an entrepreneur – A step by step guide. Retrieved on August 21, 2021
from https://incomediary.com/how-to-become-an-entrepreneur
REFERENCES
THANKYOU
EDRYLEMONG@GMAIL.COM
FACEBOOK.COM/LYRDEMONG
09683013570

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Entreprenuership and Livelihood Enhancement.pptx

  • 2. 2
  • 3. 3
  • 4. 4
  • 5. According to CEO World’s Entrepreneurship Index, Philippines ranked as the 18th most entrepreneurial country in the world. 5
  • 6. 2nd highest ranking in the South East Asian Country after Malaysia 6
  • 7. CANYOU GUESSTHE MOST ICONIC FILIPINO ENTREPRENEURS WHO PUT A NAME INTHE DEVELOPMENT OFTHE PHILIPPINE ECONOMY? 7
  • 8. HENRY SY (SHOE MART) One of the country’s retail giants. 8
  • 9. TONYTAN CAKTIONG THE MAN BEHIND THE COUNTRY’S SUCCESSFUL FOOD FRANCHISE, JOLLIBEE FOOD CORP.
  • 10. JOHN GOKONGWEI JR (JG HOLDINGS) The owner of Robinsons, Robina Land, Cebu Pacific Airlines and Universal Robina Corporation 10
  • 11. MARIANO QUE The owner of the most trusted drugstore in the country, the Mercury Drug Store. 11
  • 13. 13
  • 14. 14
  • 15. 15
  • 16. 16
  • 17. 17
  • 19. CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR Creativity helps in coming up with new solution for the problems at hand and allows one to think of solutions that are out of the box. 19 CREATIVITY It is a quality which all good entrepreneurs must possess. An entrepreneur's mannerisms and behavior with their employees and clientele goes a long way in developing the culture of the organization. PROFESSIONALISM
  • 20. CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR Good entrepreneurs are always ready to invest their time and money but they always have a backup for every risk they take. 20 RISK-TAKING It allows the ability to put extra hours in the office which can or may make a difference. At the beginning of every entrepreneurial venture or any venture, there are hurdles but your passion ensures that you are able to overcome these roadblocks and forge ahead towards your goal. PASSION
  • 21. CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR Planning is strategizing the whole game ahead of time It basically sums up all the resources at hand and enables you to come up with a structure and a thought process for how to reach your goal. 21 PLANNING An entrepreneur should possess complete knowledge of his niche or industry. It enables him to keep track of the developments and the constantly changing requirements of the market that he is in. KNOWLEDGE
  • 22. CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR Social Skills involve the following : Relationship Building Hiring and Talent Sourcing Team Strategy Formulation 22 SOCIAL SKILLS An entrepreneur should be determined. He should face his lossess with a positive attitude and his wins, humbly. A good businessman will know not to frown on a defeat. A good entrepreneur takes the experience of this setback and works even hard with the next goal in line. OPEN-MINDEDNESS
  • 23. CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR Empathy is the understanding of what goes on in someone’s mind. This a skill that is worth a mention. A good entrepreneur should know the strengths and weakness of every employee who works under him. 23 EMPATHY A good entrepreneur will always know this, a business is all about the customer. CUSTOMER IS EVERYTHING
  • 25. They seek to create scalable businesses within a short time frame. These individuals seek to build out a strong infrastructure by hiring the best talent and seeking the best investors. 25 BUILDER
  • 26. They are optimistic individuals with the ability to pick out financial opportunities, getting in at the right time, staying on board during the time of growth, and existing when a business hits its peak 26 OPPORTUNIST
  • 27. Those rare individuals that come up with a great idea or product that no one has thought of before. They are more focused about the impact of their product and services to the society. 27 INNOVATOR
  • 28. These individuals are analytical and risk-averse. They have a strong skill set in a specific area obtained through education or apprenticeship. 28 SPECIALIST
  • 29. 29
  • 30. 1. Start with a great business idea 2. Develop an entrepreneurial mindset 3. Plan your path to success 4. Launch your business 5. Grow the network 6. Communicate success 30 SMARTTIP
  • 32.
  • 33. According to Kritikos (2014) in his study entitled “Entrepreneurs and their Impact on Jobs and Economic Growth” stated that productive entrepreneurs can invigorate the economy by creating jobs and new technologies , and increasing productivity 33
  • 34. KEY FINDINGS PROS Entrepreneurs boost economic growth by introducing innovative technologies, products, and services. CONS Only few people have the drive to become entrepreneur. 34
  • 35. KEY FINDINGS PROS Increased competition from entrepreneurs, challenges existing firms to become more productive. CONS Entrepreneurs face a substantial risk of failure, and the cost are sometimes borne by taxpayers. 35
  • 36. KEY FINDINGS PROS Entrepreneurs provide new job opportunities in a short and long term CONS In the medium term, entrepreneurial activities may lead to layoffs if existing firms close. 36
  • 37. KEY FINDINGS PROS Entrepreneurial activity raises the productivity of firms and economies. CONS A high level of self-employment is not necessarily a good indicator of entrepreneurial activity. 37
  • 38. KEY FINDINGS PROS Entrepreneurs accelerate structural change by replacing established, sclerotic firms. CONS Entrepreneurshi p cannot flourish in an over- regulated economy. 38
  • 39. 39 An entrepreneur is an individual who takes an idea or product and create a business, a process known as entrepreneurship. Creating a business requires a lot of work and dedication, which not everyone is cut out for. Entrepreneurs are highly motivated risk-takers that have a vision and sacrifice a lot to achieve that vision. Entrepreneurs enter the market because they love what they do, believe their product will have a positive impact, and hope from their efforts. The steps entrepreneurs take fuel the economy; they create business that employ people and make products and services that consumers buy. BOTTOMLINE
  • 43. 43 Ichimura, A. (2021). Top 20 Entrepreneurial Countries in the World. Retrieved on August 21, 2021 from https://esquiremag.ph/money/industry/ph-top-entrepreneurialcountries-a00304-20210204 Kritikos, A. (2014). Entrepreneurs and their Impact on Jobs and economic Growth. IZA World of Labor 2014:8 doi:10.15185/izawol.8 Hayes, A. (2021). Entrepreneur: Business Essentials. Retrieved on August 21, 2021 from https://Investopedia.com/terms/e/entrepreneur.asp JBCN Education, (2017). 10 Characteristics of a successful entrepreneur. August 21, 2021 from https://jbcnschool.edu.in./blog/characteristics-of-an-entrepreneur/ Dunlop, B. (n.d.). How to become an entrepreneur – A step by step guide. Retrieved on August 21, 2021 from https://incomediary.com/how-to-become-an-entrepreneur REFERENCES