WHAT IS ENTREPRENEURSHIP deciding what to do and monitoring means

(pagnenegosyo) checking
 Persuasion and networking- influence
 Activity of setting up a business
others to follow them or do something for
 Process of creating a new enterprises and
them
bearing any of its risks in the view of
 Independence and self-confidence- self-
making the profit
assurance in their capability or potential to
 Willingness to start business
do something.
SOCIETAL AND ECONOMIC BENEFITS OF
PROS AND CONS OF ENTREPRENEURSHIP
ENTREPRENEURSHIP
VS. EMPLOYMENT
 In society benefits it meet the needs of the
EMPLOYEE PROS
community.
 As businesses expand or arise workers  Income security
become more efficient, profits and income  Leave benefits
rises. There is an economic growth and job  Fixed working times
creation accelerate  Less responsibilities
 Life work balance
WHO IS AN ENTREPRENEUR (may—ari)
CONS
 Person who creates new enterprises and
embrace every challenge for its development  No freedom of expression
and operation.  Limited income
 Limited capacity to learn new skills
FIVE LEVELS OF ENTREPRENEURIAL
 Job security
 Self-employment, employer and manager,
business owners, investor, entrepreneur
ENTREP PROS
COMMON AND CORE COMPETENCIES IN
 Career growth
ENTREPRENEURSHIP
 Being independent
 Opportunity seeking and initiative- seek  Choosing your own working hours
opportunities and take initiative to transform  Freedom to grow economically
them into business situations.  Opportunity to network and get new ideas
 Persistence- most people tend to abandon
CONS
an activity, successful entrepreneurs stick
with it  Stressful responsibilities
 Commitment- keep their promises no  Mandatory investment
matter how great the personal sacrifice  Long days
 Demand for efficiency and quality- try to  Financial instability
do something better, faster and cheaper
 Taking calculated risks- primary concept
of in entrepreneurship
 Goal setting- none of the rest will function
without it. Set goals and objectives that is
meaningful and challenging
 Information seeking- gather information
about clients, suppliers and technology
 Systematic planning and monitoring-
systematic acting in a logical way, planning