Day 1 ppt
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An entrepreneur is defined as a person who sees potential in a product or service and takes on the risk of selling it, with the potential reward being success if people see value in it. Entrepreneurs in a community include those who process and sell fruits and vegetables, like running a meat shop or grocery store, regardless of the size of the business. To be successful, entrepreneurs must understand the relation between their product or service's potential economic contribution (PECs) and their chosen industry, like how fruits and vegetables processing contributes value and income opportunities for a community.
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Day 1 ppt
- 1. What can you say about the pictures presented?
- 2. The pictures related to food business, entrepreneurs and entrepreneurship. Can you name people in your community who are engage in fruits and vegetables processing?
- 3. Why are they successful? Do you wish to be like them?
- 4. What is an entrepreneur? In our previous lesson, we discussed the term entrepreneur as a person who sees the potential in a product or service and takes the risk selling it. The risks involved in selling a new product or offering a new service include losing money over it. The reward on the other hand , is when people see the benefit of buying the product or availing of the service. As an addition to what we are discussed, The people in the marketplace who are selling items or offering services for a fee are called entrepreneurs.
- 5. Some of the businesses may be simple as selling vegetables on the sidewalk or carting instant coffee around. Others may involve larger amounts of capital like selling meat, rice and grocery items. Whatever the size of the business is, the person who owns it can be considered as an entrepreneur. Similar to Mr. Tony Tan Caktiong – founder of Jollibee
- 6. Answer the following: 1. How businesses are born? 2. What does it takes to become an entrepreneur? 3. What is PECs? 4. What is the relation of PECs in the business particularly in fruits and vegetables processing? 5. How an entrepreneur succeed in their chosen career?