an introduction to the topic entrepreneurial mindset

1. GEE 011
ENTREPRENEURIAL MIND

2. THE ENTREPRENEUR
• entrepreneur is an individual who creates a
new business, bearing most of the risks
and enjoying most of the rewards.
• is someone who has the ability and desire
to establish, administer and succeed in a
startup venture along with risk entitled to
it, to make profits.
• Creates a firm to realize their idea, known
as entrepreneurship, which aggregates
capital and labor in order to produce goods
or services for profit.

3. HENRY SY (SHOE MART)
Henry Sy, widely known as the "Father of Philippine Retail," is a
pioneering entrepreneur who founded the Shoe Mart (SM)
Group, one of the largest retail conglomerates in the
Philippines. Born in Xiamen, China, in 1924, Sy immigrated to
the Philippines in the 1930s and started his entrepreneurial
journey by selling surplus goods during World War II.
The Most Successful Entrepreneur in the Philippines

4. TONY TAN CAKTIONG
(JOLLIBEE FOODS)
Tony Tan Caktiong, known as the "Jollibee Man," is a
renowned entrepreneur who founded Jollibee Foods
Corporation, a global fast-food chain that has become
an iconic brand in the Philippines. Born in the province
of Fujian, China, in 1953, Tan Caktiong moved to the
Philippines with his family in pursuit of better
opportunities.

5. SOCORRO RAMOS
(NATIONAL BOOK STORE)
Socorro Ramos, also known as Nanay Coring, is a highly
successful entrepreneur in the Philippines who is widely
recognized as the founder of the National Book Store. Born in a
small town in Tayabas, Quezon province, Socorro Ramos
started her entrepreneurial journey with humble beginnings.
She began her business by selling textbooks and school
supplies from a small stall in Escolta, Manila in 1942, during the
Japanese occupation of the Philippines.

6. JOHN GOKONGWEI JR. (J.G.
HOLDINGS)
John Gokongwei Jr., also known as "Big John’ and he
was a prominent businessman and philanthropist who
founded J.G. Holdings, a conglomerate that has diverse
business interests in industries such as food, retail, real
estate, aviation, telecommunications, and more. John
Gokongwei Jr. was born in Fujian, China, and came to
the Philippines at the age of 13 to start a new life with
his family.

7. MARIANO QUE (MERCURY
DRUG)
Mariano Que, the founder of Mercury Drug, the
country's leading pharmacy chain. Que's entrepreneurial
spirit was ignited during World War II when he started
selling medicines from a pushcart to help his family
make ends meet. With a strong sense of determination
and a passion for providing quality healthcare, Que
went on to establish Mercury Drug in 1945.

8. EDGAR SIA (MANG INASAL)
Edgar "Injap" Sia II, the visionary behind the hugely
successful Mang Inasal chain, is a true testament to
the power of perseverance and innovation. Hailing
from a humble background in Iloilo, Philippines, Sia's
entrepreneurial journey began at the age of 20 when
he opened his first Mang Inasal branch in Iloilo City.

9. WHY ARE ENTREPRENEURS IMPORTANT?
• Entrepreneurship is one of the resources economists categorize as integral to
production, the other three being land/natural resources, labor, and capital.
• An entrepreneur combines the first three of these 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.

10. WHAT IS ENTREPRENEURSHIP?
• Is the ability and readiness to develop, organize and run a business enterprise,
along with any of its uncertainties in order to make a profit. (innovation)
• Defined as the pursuit of opportunities and the creation of value through
innovative ideas, risk-taking, and resource allocation.
• It encompasses the mindset and actions taken by individuals to identify and
capitalize on opportunities, whether by starting a new business or introducing
novel products or services.

11. WHAT IS AN ENTREPRENEURIAL MINDSET?
• is a set of skills that enable people to identify and make the most of
opportunities, overcome and learn from setbacks, and succeed in a variety of
settings.
• Combines several different skills that require careful development for the
successful achievement of a business idea.

12. WHAT IS AN ENTREPRENEURIAL MINDSET?
• An entrepreneurial mindset is a set of characteristics that enable individuals to think and act
like entrepreneurs.
• It encompasses qualities such as creativity, innovation, adaptability, risk-taking, and
problem-solving skills.
• Individuals with an entrepreneurial mindset must have a strong drive to:
• Identify opportunities
• Take initiatives
• Navigate challenges to create value and drive success.

13. IMPORTANCE OF ENTREPRENEURSHIP SKILLS
• Are essential in positioning
entrepreneurs to identify
opportunities, make effective
decisions, turn their ideas into reality,
overcome challenges, and properly
allocate resources to achieve goals
and succeed.

14. THE ENTREPRENEURSHIP REVOLUTION: HOW THE
WORLD IS EMBRACING STARTUPS
• In a world where ideas have the power to reshape industries, fuel economic
growth, and transform lives, entrepreneurship is no longer just a buzzword—it's a
global phenomenon. Gone are the days when starting your own business was
seen as risky or unconventional. Today, it is celebrated as a daring and
adventurous pursuit, with entrepreneurs fearlessly treading uncharted waters,
armed with their innovative solutions and unwavering determination.

15. ENTREPRENEURSHIP REVOLUTION
• Refers to the global shift towards
embracing startups and entrepreneurial
activity as a driving force for economic
growth and innovation.
• It signifies a change in attitudes
towards entrepreneurship, with more
individuals and societies recognizing
the value of startups in creating jobs,
driving technological advancements,
and disrupting traditional industries.

16. FACTORS FUELING ENTREPRENEURSHIP
REVOLUTION
• Technological advancements have
provided entrepreneurs with easier
access to information and tools,
making it possible to start businesses
with minimal resources. This
revolution presents both challenges
and opportunities, requiring
governments and institutions to
create supportive policies and
entrepreneurs to seize the
possibilities it offers.

17. FACTORS DRIVING THE ENTREPRENEURSHIP
REVOLUTION
TECHNOLOGICAL ADVANCEMENT AND INNOVATION
• Rapid advancements in computing power and internet connectivity have made it easier and
more affordable for entrepreneurs to develop and scale their ideas.
• Cloud computing allows startups to access powerful computing resources without significant
upfront costs.
• Mobile technology has opened up new markets and created innovative business models.
• Artificial intelligence and automation are transforming industries, offering entrepreneurs the
chance to develop disruptive products and services.
• The rise of big data analytics enables startups to gain valuable insights and make data-driven
decisions.

18. FACTORS DRIVING THE ENTREPRENEURSHIP
REVOLUTION
Changing Attitudes Towards Risk
• Changing attitudes towards risk have been a driving force in the
entrepreneurship revolution. Entrepreneurs now embrace uncertainty and are
willing to take calculated risks to pursue their visions. This shift is fueled by the
recognition that risk is an inherent part of innovation and growth. Successful
entrepreneurs understand that failure is not the end, but rather a valuable
learning opportunity.

19. FACTORS DRIVING THE ENTREPRENEURSHIP
REVOLUTION
Access to Funding and Venture Capital
Access to funding plays a vital role in the entrepreneurship revolution. It enables startups to turn their innovative ideas into reality and scale
their businesses. Here are some insights on accessing funding and venture capital:
• Startups can seek funding from angel investors, venture capital firms, or crowdfunding platforms.
• Building a strong network is crucial for gaining introductions to potential investors.
• Demonstrating a clear business plan, market potential, and execution strategy increases chances of securing funding.
• Pitching to investors requires effective communication skills and the ability to highlight the unique value proposition.
• Participating in startup incubators or accelerators can provide access to mentoring, resources, and potential investors.

20. ENTREPRENEURSHIP REVOLUTION'S IMPACT ON
SOCIETY
Job Creation and Economic Growth
• The entrepreneurship revolution has significantly contributed to job creation and
economic growth worldwide. Startups generate employment opportunities by
hiring skilled individuals across various sectors.
• Moreover, the innovative and disruptive nature of startups often leads to the
creation of new markets and industries, stimulating economic growth. For
instance, the rise of social media platforms has given birth to an entire industry of
digital marketing agencies and influencers.

21. ENTREPRENEURSHIP REVOLUTION'S IMPACT ON
SOCIETY
Empowerment of Marginalized Communities
• Entrepreneurship revolution has fostered the empowerment of marginalized
communities worldwide. By providing opportunities for economic self-sufficiency
and social mobility, startups have become a powerful tool for inclusivity. For
instance, aspiring entrepreneurs from disadvantaged backgrounds are
increasingly able to access resources, networks, and funding to kickstart their
ventures. This not only boosts their economic prospects but also challenges
societal norms and biases.

22. ENTREPRENEURSHIP REVOLUTION'S IMPACT ON
SOCIETY
Disruption of Traditional Industries
• The entrepreneurship revolution has led to the disruption of traditional industries
across the globe. Startups are challenging established players by offering innovative
solutions and better customer experiences. This disruption has forced incumbent
companies to adapt or risk becoming obsolete.
• For example, technology startups have transformed the taxi industry with ride-sharing
platforms, revolutionizing the way people commute. Similarly, e-commerce startups
have disrupted the retail sector by providing convenient online shopping experiences.