The document outlines a course focused on entrepreneurship, discussing key concepts, myths, competencies, and career opportunities in the field. It emphasizes the role of entrepreneurs in the economy by creating jobs and driving innovation while differentiating between small businesses and entrepreneurial ventures. Additionally, it addresses factors affecting entrepreneurship, types of entrepreneurs, and the relevance of entrepreneurship education to students, aiming to prepare them for future economic participation.

2. This course deals with the concepts, underlying principles,
processes and implementation of a business plan. The
preliminaries of this course include the following:
1) discussion on the relevance of the course;
2) explanation of key concepts of common competencies;
3) explanation of core competencies relative to the
course; and
4) exploration of career opportunities.

3. Entrepreneurship
Quarter 1- Module 1
Introduction to
Entrepreneurship

4. Businesses are the backbone of the
economy. Entrepreneurs play an
important role in developing the economy
through providing the needed products
and services including the solution to the
problem of unemployment.

5. After the lesson, the learners should be able to:
1. discuss the relevance of the course;
2. explain the key concepts of common
competencies;
3. explain the core competencies in
Entrepreneurship; and
4. explore job opportunities for Entrepreneurship
as a career.

6. Entrepreneurship
Quarter 1- Module 1
Introduction to
Entrepreneurship

8. INTRODUCTION TO ENTREPRENEURSHIP
The Definition of Entrepreneurship
Key Concepts that Make Up
Entrepreneurship
Key Myths in Entrepreneurship
Drivers for Entrepreneurship
Small Business VS Entrepreneurship

9. DEFINITION OF
ENTREPRENEURSHIP

10. DEFINITION OF ENTREPRENEURSHIP
The word “entrepreneur” was derived from the
French verb enterprendre, which means “to
undertake.” This is pinpointing to those who
“undertake” the risk of enterprise. The enterprise is
created by an entrepreneur and the process is called
“Entrepreneurship.”
Entrepreneurs are innovators. They are willing to
take the risks and generate unique ideas that can
provide profitable solutions to the needs of the market
and the society.

11. DEFINITION OF ENTREPRENEURSHIP
Entrepreneur as one who organizes,
manages, and assumes the risks of a
business or enterprise. - (Merriam-Webster
Dictionary)

12. DEFINITION OF ENTREPRENEURSHIP
Entrepreneurship placed an emphasis on
innovation, and the creation of new products,
new production methods, new markets, and
new forms of organization. - (Joseph
Schumpeter)

13. DEFINITION OF ENTREPRENEURSHIP
An entrepreneur is a person who shifts
economic resources out of an area of lower
productivity into an area of higher
productivity and greater yield. Simply put,
entrepreneurs seek opportunities for profit
and, by doing so, create new markets and
fresh opportunities - (Jean Baptiste Say)

14. KEY CONCEPT OF
ENTREPRENEURSHIP

15. KEY CONCEPT OF ENTREPRENEURSHIP
Opportunity
Resource use
Creation of something new
The presence of risk
The desire to create value

16. Harvard Business School Professor- Howard Stevenson
“Entrepreneurship is the
pursuit of opportunity without
regards to resources currently
controlled.”

17. KEY MYTHS OF
ENTREPRENEURSHIP

18. KEY MYTHS IN ENTREPRENEURSHIP
MYTH 1: Successful entrepreneurs have to
be born, not made.

19. KEY MYTHS IN ENTREPRENEURSHIP
MYTH 2: Entrepreneurs are wild gamblers.

20. KEY MYTHS IN ENTREPRENEURSHIP
MYTH 3: Entrepreneurs are motivated
primarily by money.
“I don’t go into ventures to make a fortune. I
do it because I’m not satisfied with the way
others are doing business.”
(Richard Branson)

21. DRIVERS FOR
ENTREPRENEURSHIP

22. DRIVER FOR ENTREPRENEURSHIP
Need
Entrepreneurship
Considers those who
have no option other
than to go into
business for
themselves.
Opportunity
Entrepreneurship
Considers those chase
a dream, a passion or
an opportunity. Not
because they have to,
but because they want
to.

23. SMALL BUSINESS
VS ENTREPRENEURSHIP

24. SMALL BUSINESS VS ENTREPRENEURSHIP
The amount of wealth creation
 while a successful small business focus on
simply generating an income stream that
replaces traditional employment,
entrepreneurial ventures have a strong focus
on large wealth creation.

25. SMALL BUSINESS VS ENTREPRENEURSHIP
The speed of wealth creation
 while a successful small business can
generate several million dollars of profit over
a lifetime, entrepreneurial ventures typically
aim for the same result far more rapidly.

26. SMALL BUSINESS VS ENTREPRENEURSHIP
The risk involved
 the risk involved is often much higher, as it
if this risk that often facilitates the rapid
rewards.

27. SMALL BUSINESS VS ENTREPRENEURSHIP
The innovation involved
 Entrepreneurs will typically pursue
substantially more innovation that other small
business, as a way to create unprecedented
value to support the speed and size of
growth they require.

28. RELEVANCE OF
ENTREPRENEURSHIP TO AN
ORGANIZATION

29. 1. Development of Managerial Capabilities
 this means that one of the benefits an entrepreneur gets is to
develop his managerial skills.
2. Creation of Organizations
 which means that because of entrepreneurship many organizations
will exist.
3. Improving Standard of Living
 this means that entrepreneurship can lift up the economic status of
an individual.
4. Means of Economic Development
 this means that not only the life of the entrepreneur is improved but
also the society where the business is located.

30. RELEVANCE OF
ENTREPRENEURSHIP TO
SHS STUDENTS

31. 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.

32. RELEVANCE OF ENTREPRENEURSHIP TO SHS
STUDENTS
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.

33. 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 must be exposed to real-world
examples and learn from their own
experience.

34. RELEVANCE OF ENTREPRENEURSHIP TO SHS
STUDENTS
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.

35. Factors Affecting
Entrepreneurship

36. Factors Affecting Entrepreneurship
1. Personality Factors which include:
a) Initiative - doing things even before being told.
b) Proactive - which means he can classify
opportunities and seize it.
c) Problem Solver - which means he can retain
good relations with other people
d) Perseverance - meaning he will pursue things to
get done regardless of challenges.

37. Factors Affecting Entrepreneurship
d) Persuasion - means that he can entice people to
buy even if they don’t want to.
e) A Planner - he makes plans before doing things
and does not fail to monitor it.
f) Risk-taker - which means that he is willing to
gamble but he will calculate it first
2. Environmental Factors which include political,
climate, legal system, economic and social conditions
and market situations.

38. Common Competencies in
Entrepreneurship

39. Common Competencies in Entrepreneurship
1. Decisive – an entrepreneur must be firm in making
decisions.
2. Communicator – an entrepreneur must have a
convincing power.
3. Leader – an entrepreneur must have the charisma to
be obeyed by his employees.
4. Opportunity seeker – an entrepreneur must have
the ability to be the first to see business chances.

40. Common Competencies in Entrepreneurship
5. Proactive – an entrepreneur can control a situation
by making things happen or by preparing for possible
future problems.
6. Risk Taker – an entrepreneur has the courage to
pursue business ideas.
7. Innovative – the entrepreneur has big business ideas
and he does not stop improving and thinking of new
worthwhile ideas for his business.

41. Core Competencies in
Entrepreneurship

42. Core Competencies in Entrepreneurship
1. Economic and Dynamic Activity – Entrepreneurship is
an economic activity because it involves the creation and
operation of an enterprise with a view to create value or
wealth by ensuring optimum utilization of limited resources.
2. Innovative – The entrepreneur constantly looks for new
ideas, thus he needs to be creative.
3. Profit Potential – The entrepreneur can be compensated
by his profit coming from the operation.
4. Risk bearing – The entrepreneur needs to gamble but
wise enough to offset the risk.

43. Types of
Entrepreneurs

44. Types of Entrepreneurs
Megaentrepreneur
- Individuals who are
willing to absorb
huge risks of using
enormous amounts
of capital in their
business ventures.
Microentrepreneur
- Individuals who are
engaged in micro or
small businesses as
an alternative formal
employment.

45. Types of Entrepreneurs
1. Innovative Entrepreneurs
They are those who always make new things by
thinking of new ideas. They have the ability to think
newer, better and more economical ideas.

46. Types of Entrepreneurs
2. Imitating Entrepreneurs
They are those who don’t create new things but
only follow the ideas of other entrepreneurs.

47. Types of Entrepreneurs
3. Fabian Entrepreneurs
They are skeptical about changes to be made in the
organization. They don’t initiate but follow only after
they are satisfied.

48. Types of Entrepreneurs
4. Drone Entrepreneurs
They are those who live on the labor of others.
They are die-hard conservatives even ready to
suffer the loss of business.

49. Types of Entrepreneurs
5. Social Entrepreneurs
They are those who initiate changes and drive
social innovation and transformation in the various
fields such as education, health, human rights,
environment and enterprise development.

50. Career Opportunities
of Entrepreneurship

51. Career Opportunities of Entrepreneurship
1. Business Consultant – with the expertise of in
the field of entrepreneurship, he can be a very
good source of advices to other entrepreneurs and
would be business men.
2. Teacher – a graduate of an entrepreneurship
can use his knowledge in teaching.

52. Career Opportunities of Entrepreneurship
3. Researcher – the entrepreneur can be
employed as a researcher by an enterprise.
4. Sales – the entrepreneurship graduate can
apply as a salesman.
5. Business Reporter – the entrepreneur being
expert in the field, can be employed as a business
reporter.

53. Reasons why many
would like to become
an Entrepreneur

54. Reasons why many would like to become an
Entrepreneur
1. Achievement, Challenge, and Learning
2. Independence and Autonomy – you can set your own
goals, pick their own partners, and face the consequences of
your decisions.
3. Income Security and Financial Success/Stability
4. Recognition and Status
5. Family
6. Dissatisfaction with Current Work Arrangements
7. Community and Social Motivation