ENTREPRENUERSHIP

Name: Kenshin Z. Gutierrez Grade/Strand: ABM 12

Activity 1
Instruction: Read the statements carefully then write True if the statement is
correct & write False if you think the answer is not correct.
TRUE 1. Entrepreneur means “to undertake.”
TRUE 2. Entrepreneurship is a process of actions of an entrepreneur who is
always in search of opportunities.
TRUE 3. The greatest significance of entrepreneurship is to help
identify and develop the managerial capabilities of entrepreneurs.
TRUE 4. Entrepreneurship will lead to the creation of organizations.
FALSE 5. Entrepreneurship can improve the life of the entrepreneur only.
FALSE 6. Coward people will become successful entrepreneur.
TRUE 7. An entrepreneur is a “Risk Taker”.
FALSE 8. Entrepreneurship is not an economic activity.
TRUE 9. Entrepreneurs are innovative.
TRUE 10. Profit potential is the compensation of the entrepreneur.
TRUE 11. An entrepreneur can become a business consultant.
TRUE 12. An entrepreneur can also be a researcher.
TRUE 13. An entrepreneur can also become a salesman.
TRUE 14. Entrepreneurship graduates can become a business
reporter.
FALSE15. The entrepreneur could easily see the results of his efforts.
Competencies of Entrepreneurs
1. What characteristics that you can observe or see that is common to
them?
Opportunity-seeking and initiative, it is because entrepreneurs often
look for different opportunities to grow a business or company including the
initiative to further streamline their operations.

2. Who among the entrepreneurs you mentioned that you admire most and
why?

In the Philippines the well-known entrepreneur is Henry Sy, I admire

him because the story of his life can inspire those who want to get rich
and have a business. He started in small shops and now there are so
many malls he has built that are well known here in our country besides
he helps young people to study for free in college.

3. In your own opinion, what do you need to possess to become a successful

entrepreneur?

There are many characteristics that an entrepreneur should have but

for me the most important thing is being passionate, because for me you
need like what you do, ready to face all the trials that will come in a
business even if you know it will be hard but in your mind is still positive
because you are happy with what you are doing and growing.
Factors Affecting Entrepreneurship

1.FACTORS
a. LEGAL FACTORS
b. TAXATION
c. POLITICAL FACTORS
d. LABOR MARKETS
e. RAW MATERIALS
f. INFRASTRUCTURE