Brief presentation

1. July 9, 2019
Brgy. Visayan Village, Tagum City
By: MARIANNE C. DELA CRUZ
Senior Business Counsellor- II

2. Entrepreneurship- is a way of life. Being entrepreneurial
means being able to identify, start, and maintain a viable
and profitable business, particularly a small enterprise
Having your own Business has tremendous rewards, but be
sure to weigh prospective returns against potential risk and
losses.
Risk of Going Into
Business or
Entrepreneurship
• Possibility of Failure
• Unpredictable business
condition
• Long hours of Work
• Unwanted or unexpected
responsibilities

4.  Opportunity Seekers-
 Risk –taking
 Persistent
 Commitment to work contract
 Demanding for quality and efficiency.
 Goal setting
 Information Seeking
 Persuasion and Networking
Self-confidence

5. Where do business ideas come
from???
Persona

6. Who am I?
What does I
know?
What does I
have?

7. Who am I?
Such a self-analysis may begin by listing
down what you enjoy doing, how you
spend your free time, where you go, what
and where you imagine yourself to be in a
couple of years, what taste and things you
go strongly for and look forward to.
What does I
know?
This consist of the academic knowledge,
technical skills and professional, as well as
trade experience .
What does I
have?
This refers to the resources that can be
used to start a business. It includes your
family, property, money, and personal
belongings.

8. The environment is another rich source of business
ideas.

9.  Monitor the development of demographic, economic,
technological, ecological and socio-cultural trend
 Find new applications or uses of existing products and services. Make
something new from something old.
 Examined the structures of import. Find opportunity for substituting
the imported items with ones that can be produced locally.
 Look for business for sale.
 Look at getting a Franchise.
 Talk to a customer and supplier. Visit tiangges, bazaar and trade fairs.
Observe what people are selling and buying.
 Capitalize on available resources.

10. Business
idea-
should offer
a product or
service that
provides a
solution to a
problem.

11. The Right Type of Business
Reviewing your list and sorting out of your ideas
according to type of business activity will help you
decide which business idea you will eventually
entertain.
Ask yourself a question: “ Do I want to manufacture
a product, deliver a service, or go into trading?”

12.  A manufacturing- produces a product and sells it. Ex.
Making new jewelry, baking cookies, ready to wear
garments.
 A service-oriented business offers a specialized kind of
service to customers. The service can either be creative and
technical or professional in nature. Ex. Laundry shop,
Learning School, Bookkeeping Firm, Financing Firm.
 A trading business- a buy and sell type. Ex. Retailer,
wholesaler.

13. Criteria for screening your ideas:
4) Uniqueness – This does not necessarily mean that no one else is providing the
product or service. It means that no one else is providing the product or services in
the same way you intend to provide.
Going the extra mile giving your clients some convenience will the distinctive mark
of your product or service. It can be also mean that no one is providing a product or
services in your area.
5) Easy of Entry – This refer to the cost of entering the business and the blocks or
hindrances that might exist.

14. One way of screening business ideas is to come up with
some criteria that are based, once more on the personal
circumstances of the entrepreneur and the nature and
characteristics of the business environment where he/she
will operate.
Criteria for screening your ideas:
1) Knowledge of the Business- This will measure how much you know
about the business idea. Will the idea require some time and money
for you to know more about the business? Would you rather take on a
partner to fill in any lack of knowledge of the business?
2) Experience in the field. You may know a lot about the business but do
not have enough experience.
3) Skills – Focus on the skills that are unique to the particular business.
This category will measure the extent of the skills you have that are
useful to the business and how hard or easy it will be for you to learn
and acquire such skills

15. Business
Idea
Your
Knowledge
Your
Experience
Your Skills Ease of
entry
Uniquenes
s
Total
Dress shop 1 3 1 2 1 8
Pet Shop 2 1 1 3 1 8
Bookkeepin
g
Services
3 1 3 2 2 11
Party
Planner
3 2 2 1 3 11
Use rating scale of 0-3; with 0 meaning none, 1 below average, 2 average, 3 above average

16.  Market Assessment- This generally concerns the presence or
absence of buyers for your product or users of your product
and service and how much income you can expect to derive
from it.
 Technical assessment. This examines your capability to be in
the particular business.
- What technology does this business need and how
will I acquire it?
- Will I be able to acquire the materials, equipment,
and technical skills that the business will require?

17.  Organizational assessment- This measures your familiarity
with the type of business or how well you know the ins-and-
outs. It also concerns your ability to put together all the
resources you will use in the business.
 Financial Assessment. This gives you an idea of how much it
will cost to start the business and keep it going at least until
the revenues start coming in. It will test how deep your
pockets are as well as your patience in identifying and
getting the necessary financing. Can you withstand periods,
particularly following start-up, when little or no revenue
will come in?

18. Money with which to start and run your new small business
can be raised in various ways.
It source from your own pocket: Is the safest way to finance
new business : Savings, selling personal belongings.
Borrowed Money:
Friends and Relatives is the next safest way.
External Sources of Credit
1) Pawnshop
2) Credit Cooperatives
3) Money lenders
4) Lending investors
5) Formal sources of Credits : Financial Institutions like banks.
Government Development Agencies, NGO’s.

20. Groupings