For Grade 12 Entrepreneurship

1. Entrepreneurship
Overview of Entrepreneurship
and Relevance of
Entrepreneurship to SHS
Students

2. Entrepreneurship
• is one of the resources economists categorize as
integral to production; the three resources are
land/natural resources, labor and capital. An
entrepreneur combines these three to manufacture
goods or provide services. They typically create a
business plan, hire labor, acquire resources and
financing, and provide leadership and management
for the business .

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. Understanding what an entrepreneur
is can help more people recognize the
value they contribute to the world.
Entrepreneurs take the idea and
execute it while entrepreneurship is
about execution of ideas.

6. Importance of Entrepreneurship
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.
6. Entrepreneurs innovate.
7. Entrepreneurs create innovation and social change
8. Entrepreneurs give to society

7. Relevance of Entrepreneurship to
SHS Students
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.

8. Relevance of Entrepreneurship to
SHS Students
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. Entrepreneurship education provides budding
entrepreneurs with the skills and knowledge to come up with
business ideas and develop their own ventures.