ILDEFONSO, PRINCESS A.
BSED ENGLISH 2A
1. Give 5 differences between an entrepreneur and a businessman.
BUSINESSMAN
A business owner is trying hard to defeat his
rivals and win the race. He also
suggests collaboration accomplish those
aims, rather than rivalry. 
Businessmen take risks which are measured
and controlled. They can't afford to
lose money and experience bankruptcy.
That is why when it comes to business, they
always do the Math.
A businessman wastes no time. He regularly
checks the clock and does not want to
interrupt any work or production out of time.
He's strong and always on the move.
A businessman describes the success of his
company and its stakeholders by the amount
of profit the business has earned. It includes
itself, co-owners, staff, clients, investors, and
even its culture.
A person who brings his unique idea to run a
startup company is known as an entrepreneur
A businessman makes his place in the market
with his efforts and dedication.
The businessman is a market player
The nature of a businessman is calculative
A businessman uses traditional methods to
run the business.
A businessman is oriented towards profit
ENTREPRENEUR
An entrepreneur on the other hand is
working hard to beat his biggest rival, i.e.
himself.
Entrepreneurs are like skydivers. They take
ridiculous chances. Also, they do not care to
lose time and money just to fulfill their
passion. But since they do it with affection,
satisfaction, and passion, they also receive
extraordinary rewards.
An entrepreneur works as a laboratory artist
or scientist. His product is a masterpiece of
his. Therefore, he could be slow and spend a
longer period of time finishing and perfecting
his product.
 An entrepreneur on the other hand doesn't
define success. He is simply doing his job
and letting history determine the success
he’s achieved.
 A businessman is a person who starts a
business on an old concept or idea.
An entrepreneur creates the market for his
own business.
Entrepreneur is a market leader because he is
the first to start such a kind of enterprise.
An entrepreneur is intuitive.
An entrepreneur applies unconventional
methods for the same.
an entrepreneur is a people focused in
essence, he gives more importance to its
employees, customers, and the public.
 2. Write a short narrative regarding a person that you know was affected by the pandemic
(job or career), and what entrepreneurial venture/s did that person do to cope up with the
new normal. Cite the reasons why or how he/she chose that venture.

A person I know that was affected by the pandemic is my cousin, Marie Gaspar, who is a small
business owner in our town. She has a small stall in our town but was closed because of the
pandemic. During the enhanced community quarantine, she stopped her business. What she did
is to do online selling of ukay ukay. She is buying clothes in bale then will take a picture of it to
sell online. And it was successful. Many of her friends in Facebook are buying what she sells. In
a day, she was able to sell one bale. Now, she was able to open a new stall for ukays, and other
variety of items in our barangay. When I ask her why she chose that venture, she said that being
an online seller is easier than having a stall in our town. It is a bit distance, and of course, being
an online seller is not that hard. She has her own time and online selling even inside their house.

3. Explain three (3) types of entrepreneurs. Give examples for each.

1. Social Entrepreneur
- Frequently activists or environmentalists before they started their own business, social
entrepreneurs will start companies that have a positive impact on humanity. A person who
is passionate about eating healthy may start a restaurant that serves organic, locally-sourced
food, since social entrepreneurs open businesses in line with their interests.

-They work for social, environmental and educational benefit, they never work for self-
profit which harms others. Some social entrepreneurs use their know-how and business
savvy to make the world a better place. 

Example:
Bill Drayton isn’t just a great example of a social entrepreneur. He was the one who helped
define and promote the term ‘social entrepreneur’ itself. He is the founder and current chair man
of Ashoka: Innovators for the public. It is an organization that dedicates itself to find and help
social entrepreneurs around the world.

He spread out his social entrepreneurship expertise in other organizations as well. He works as a
chairman at Community Greens, Youth Venture and Get America Working! In addition to that,
The Ashoka Foundation has sponsored over 2,100 fellows in 73 different countries. Some of
these companies have gone on to develop leading social businesses that have made a huge
impact on communities around the world.

Henry Motte-Muñoz (Edukasyon.ph)

A graduate of London School of Economics and the Harvard Business School, Henry Motte-
Munoz clearly has the advantages that good education can offer. Previously based in London,
he came back to the Philippines, where he co-founded BantayPH, a platform that aims to educate
citizens about good government services.

Passionate about giving back to the country and lessening the inequalities between opportunities,
Motte-Muñoz founded EdukasyonPH, a platform that connects students to educational
opportunities like scholarships, grants, and exchange programs. The platform also provides
career track information that includes degree requirements, cost projections, and employability.

2. Serial Entrepreneur
- Often starting in their teen years, serial entrepreneurs have so many ideas for profitable
business ventures that as soon as one business takes off, they look ahead to the next
business that they will develop. Serial entrepreneurs sometimes fail, however, unlike other
types of entrepreneurs, they don’t give up. They learn from their mistakes and immediately
move on to their next idea.

-they continuously on new ideas, they are successful in more than one entrepreneurial
fields.

Examples:
Georgianna Carlos
Georgianna is a serial entrepreneur currently based in the Philippines. She is the founder and
owner of three companies: Fetch! Naturals, a line of all-natural pet care products made out of
100% plant Aqueous Extract, MyOffice Philippines, one of the first Filipino owned and operated
virtual office in the country for mobile workers and Permitly PH, an online platform to help
entrepreneurs start a business in the Philippines. Through Fetch! Naturals, she is able to spread
awareness in the Philippines when it comes to pet care and using natural alternatives. With
MyOffice, she is active in the local start-up community, supporting entrepreneurs by giving them
an affordable alternative when it comes to office space and support services. The goal of
Permitly is to help entrepreneurs with the processes when it comes to starting a business in the
country.

Andreas von Bechtolsheim: The co-founder of Sun Microsystems was instrumental in building

the company—founded in 1982—into a billion-dollar business. In 1995, he left Sun and
established Granite Systems which manufactured network switches. Within a year, it was sold to
Cisco Systems for $220 million. He launched a server technology company called Kealia in
2001, which was sold to Sun Microsystems in 2004, bringing him back to the Sun management
team. Following that, he co-founded Arista Networks in 2005, a high-speed networking firm. He
also co-founded HighBAR ventures, a venture capital investment firm that has invested in many
technology start-ups. He was one of the early investors in Google, investing $100,000 in
1998, before Google, Inc. was even established as a company. His net worth, in 2018, is around
$6.7 billion.

3. Lifestyle Entrepreneur
Lifestyle entrepreneurs typically start small business where they can interact with their
customers. They don’t dream of wealth; lifestyle business owners are amiable individuals that
dream of owning a quaint store, restaurant or bed and breakfast in a small town where they can
greet their customers by name. Challenges include having to be a jack-of-all-trades and growing
their customer base.

their basic Moto of becoming an entrepreneur is to earn a livelihood, being their own boss.

Examples:
Tim Ferriss is a 3-time best-selling author who has found wild success in his practical books
that help with condensing work and life stress into smaller amounts of time. His book The 4-
Hour Workweek is among the most popular. In it, he argues that people should “focus on being
productive instead of busy.” You can find him on his podcast or blog.
Pat Flynn, from the podcast Smart Passive Income, is a successful blogger and entrepreneur. His
podcast ranks among the top 10 for business, and he speaks widely about the passive income
model. “Be open to and welcoming of unforeseen events,” he says, “because those unplanned
moments are often the seeds of spectacular opportunities in your life.” Check out his website and
podcast