Name: Naiza Marie F.

Antolino
Grade and Strand: 12 - HE-BRS

Entrepreneurship
Assignment #1: An Overview of Entrepreneurs and Entrepreneurship

• What is the relationship between an entrepreneur, entrepreneurship and an enterprise?

Answer:
An entrepreneur is a person who perceives opportunities, organizes the resources needed to
exploit the opportunity and sets up an enterprise through entrepreneurial activities. The
process of setting up an enterprise is called entrepreneurship. An enterprise is a business
venture.

• What could cause a discord between these three?

Answer:
I think the possible cause of the discord between these three is that they’re not doing their job
efficiently and effectively to reach or achieve their goals.

• Search for an Entrepreneur one (1) local and one (1) international. State their background like
their personal background, history of their business, business establishment, etc.
Answers:
Local
Edgar Sia – Mang Inasal
Hailing from Iloilo City, Edgar Sia dropped out of college to pursue his own laundry and photo-developing
business at the age of 19. In 2003, 26-year old Sia decided to open the barbecue fast food restaurant
Mang Inasal—Ilonggo for “Mr. Barbecue.” The first branch was built at a mall parking lot in his home city.
The restaurant took off. When Tony Caktiong heard about Sia’s burgeoning business, he decided to buy
Mang Inasal for a total of P5 billion. Sia eventually put the sales of Mang Inasal to other investments like
banking and healthcare. At 42, he’s considered the country’s youngest billionaire.

International
Jeff Bezos – Amazon
For a few weeks this year, Jeff Bezos became the world’s richest man. The Amazon founder is now
holding steady at number two and is one of the youngest men on this list at 53 (obviously barring
Zuckerberg). He founded Amazon just over two decades ago, and it is now one of the most valuable and
most successful companies in the world.
Bezos’ critical piece of advice to anyone starting a business is to be a missionary (someone who loves
and builds their customers and product or service) as opposed to a mercenary (someone who is
obsessed with selling their company). In the long run, he believes that the missionary always beats out
the mercenary in building a successful company. So, in short, make sure you love your customers and
business and are prepared to build them up.

• Search one (1) local women entrepreneur and one (1) foreign entrepreneur. State also their
background.
Answer:
Local
Socorro Ramos – National Book Store
Socorro Ramos entered the publishing and retail industry by working as a salesgirl at a bookstore. At the
age of 19, she opened National Book Store in Escolta with her husband with a capital of P200, selling
books and school supplies to students. At that time, Manila was under the control of the Japanese, who
imposed censorship on books and periodicals. To augment their earnings, she and her husband resorted
to selling other items like candles and soaps.
After the post-war boom proved profitable for the company, ushering in bigger revenues, the Ramoses
opened a nine-story building along Avenida. At 95, she still believes in the time-honored tradition of
“hands-on approach” in business. She even designed the company’s logo herself.

International
Debbie Fields

In 1977, Debbie Fields founded Mrs. Fields Bakeries, now one of the largest retailers of fresh cookies in
the USA.
Since founding the business, Debbie has managed to expand it into 11 different countries, with around
650 bakeries in the United States and 80 others in countries around the world. Debbie Fields’ net worth
is $65 million.