What are the knowledge that you acquired in Module-1 that could help you to be a successful entrepreneur

that contributes to the development on the standard of living of every Pilipino?

The year 2020 has been rough for us since the pandemic strikes the country. It has resulted in an

economic downturn and inflation of the employment rate. Consequently, these greatly affect small and big

companies, their employees, and even consumers. Hence, as future successful entrepreneurs, this matter

that was discussed in the early discussions inspires us in contributing to the development of every Filipino's

standard living conditions.

With the current situation of the Philippines, an entrepreneur must take an action to improve its

state. To do that, there are things one must consider to be successful in this field. In the previous module,

we have learned that an entrepreneur should calculate risks in preparation for the worst possible scenarios.

Besides, they should not be afraid of uncertainty since this will either help them learn or improve. Second,

one must commit to their objectives and have the right approach. Goals are set to achieved for the

business to grow and gain profits. Third, an entrepreneur should manage their staff, schedule, events, and

attract good investors. It incorporates a kind of multi-tasking skill, preparing for both short and long-term

targets.

Overall, we should come up with a solution to improve the country's state. If possible, one must

initiate innovation and create this crisis to an opportunity that will help entrepreneurs and consumers

recover from the pandemic's impact. The entrepreneurs should be pro-active, a risk-taker, has

perseverance, a great strategist, and confident. Furthermore, for you to sustain such conditions, one must

acquire the said personalities and competencies.