INTRODUCTION TO ENTREPRENEURSHIP ENTREPRENEURIAL TI ¥ Passion ie pte lle it vPro-activity pore a ailannee aie ge “Tenacity noi ‘sant cede stor ad aren nan whe fa wn =. ¥ New Resource Skill the sly eae a syatrterte orang ranuces etd 0 Seta yer ae ere Entrepreneurial Motives «Ned fer Achievement © Locust conte! the degree tovshicn a person bobeves that har actions can diecty offectan event, rthet they can contel on outcome 2 Goal Setting © SetfEfcaey ‘perio’ beet in thelr nn ality or slf contidence z Reading Article “Thay come froma da range of hackgrounds andage sroups, andhave diverse experiences and sl et Whe there ews variation mang successful srtrepreneuts, the ypkaleatrenreneur is married, nas ftiléen, snd com from 3 midi elsee or upper lower class background. Entrepreneurs are vually driven io become entranrenaurs bythe prosper oF builng wealth, captlizng on abusinessidee, owning their own emmpany, nd deeringnat te worefor othor. Reading Article ‘Starting early nite, entreprenaurs terdito excel in ‘academic endeavors. Thay do particularly wellin high schoaland are often beter educated than thele paronts. While the average entrepreneur state theit firstcompany atage 40, they often incicate early interastin starting thair own venture with the majority of entrepreneurs beingattractedtc the idea of entrepreneurship during college, Hewever, many entrepreneursaso incicat= the importance of prior ‘work experience when launching 3 succecsfulventure. KEY CONCEPTS AND COMMON COMPETENCES Enuepreneursnip ascetics of conver tines recessed ideas into remarkable business Sorture Competencies con be considered as capability, ‘capacity and ability ofalearner in handling, Sperations. Layts, of Competenic 2 Creative Thinking {Rewer Cao ae, © PlerningendOngerising 6 Problem Solving and Decision Making © Checking, ExaminingandRecorcing Business riniples © Computer Apaieation Academic Competencies o Reacirg © Wiring co Mathematics 1 Science and Technology © Communication: Listening and Speaking Critical and Analytical Thinking Personal Effectiveness Competencies «© Interpersonal ils ¢ Initiative j © Ambition © Adaptability and Flexibily ‘© Willingnessto Take Risk © Willingressto Learn (Open-Mind)_ SInnovation, Industry Sector Technical Competencies © Youth Entrepreneurship o Micro Enterprise © Small Business Development 9 Social Entrepreneurship ‘o High Growth, High Value Entrepreneurship CORE COMPETENCIES IN ENTREPRENEURSHIP ENTREPRENEURIAL SHILISAND COMPETENOES 1. The Entrepreneur is 3 Missionary 2. TheEntrepreneur is Goa Driven 3. The Entrepreneur is 3 Marketing Man 4. The Entrepreneur Starsfrom Small to Become Big ENTREPRENEURIAL SKILLS AND COMPETENCIES 1. TheEntepreneuris a Misianary Perceives opportunities inerent in the exchange of goods ‘with great dese torprote Werks nara vinenevet he/ste tals risk ane rests her personal talen's dd recourcosto rake something new fe stoners 2. The Entrepreneurls Gos! Driven Exercises the locus of contrel ets high goals and strive £9 attainthe projected targetand accomplishments, 3. The Entrepreneuris Marketing ‘sn entities the nee and wants of Customers where he/she propels tomake refi. 4. Entrepreneur Starts Small to Become Big ‘Starts small scaie but with his/her managerial talents and persistence, exploits the opportunities for hisfher disposal “Entrepreneurship is a dynamic process. tt is like an alive creature, breathing and moving.” THE FACTORS THAT DEVELOP ENTREPRENEURIAL ACTIVITY 4. The Entrepreneur Tals initiative 2. Orgeneation of CapitalResources 3. The Development of Administrative Machinery 1. The Development of Ertrepreneurisl Autonomy 5. The Development of SWOT Anais 1. The Entrepreneur Tekes Initiative Wi bis great interestio captalze on the opportunityat hand the entroprencur ‘ates iniistive oF venturing into talents andambitions are great resources of ‘the entrepreneur financialand human resources are imporrantingredients inchestart of organization 3. The Development of Administrative Machinery Specifie duties and responsibilities are assigned to Individuialswith talents andskills thatfic thelr respective position4; The Development of Entrepreneurial Autonom: ‘The entrepreneur develops autonomy in the operation of the enterprise as he tales lead in all the 3 a activities of the i organization. 5. The Development of SWOT Analysis The entieprencur must see the environment of enterprise based on SWOT Analysis so that the risk involve could be seen before it happens, Application Organization of Capital Resources Leonardo Sarao, the Jeepney King He then startec buying second hand gars and ‘engines from Japan and built jeepneys that abound in most steets in metropolitan Manile and te uburbe. He estalish the Jeepney factory with meager capital ane made sovings to expand his oper Employment opportunities zemain clusive among Filipinos. Most still receive mnimimumiwages that barely support the needs of five members of family. Grater in ral aoe =. Tho entroprancu provides the necessary work for people that progel the economic development of the nation. Therroneyin circulation for wages and salaries wil help local industriesta developnew products and services that generate moresmalland mediumenterorises b- income opportunity inthe Couneysise Sui subsistence In REE eae Spencer ono taming ad Scing stam ot in ces modern mirc an the proper cuturect our eer resource. Thetheory that apreltuet a essenta yt een development muro pursed th veorby foverament nese oon surat On sa Employment. is one great factor in ‘economic development. In countryside, most people are stil dependent on and fishing system. + SSS *Philhealth + Pag-ibig 13% Month Pay The Starting Point to Entrepreneurial Success T Stare to be your a ipo The Starting Pointto Entrepreneurial Success 4. Have a Good Accountant ora Trusted Financial Adviser While tumtane confidence canbe given, youmuse haveknowiedge of the entvin financial statements 5, Seek the Advice ef Professionals You need to knowl legal and other matters relatedto operation like income ta, thus seck professional help