CHAPTER SYNTHESIS

In Partial Fulfilment in the

Requirement of

GEE 1
The Entrepreneurial Mind

Submitted to

JEFFER G. BOLIVAR
Business Administration Department
ST. ALEXIUS COLLEGE
Koronadal City, South Cotabato

Submitted by

THOR V. JUNSAY
BSMT1D

February 2023
 ST. ALEXIUS COLLEGE
Gen. San. Drive, City of Koronadal, South Cotabato, Philippines 9506, Tel.: (083) 228-2019, Fax: (083) 228 4015, Email: registrar@stalexiuscollege.edu.ph

Introduction to Entrepreneurial Mind

I learned that becoming an entrepreneur requires a lot of labor and that success
genuinely depends on having certain traits. I discovered that our mindset, also known as our
mental attitude or predisposition, is crucial. In actuality, it is a recap of what we already know
or have learned over time. It directs us in the decisions we make and the circumstances we
encounter. Our thoughts and beliefs are also a part of it. The lesson also teaches us to be
cautious about the information we take in because it can have a positive or bad impact on our
thinking. Taking chances even in the face of uncertainty is part of being an entrepreneur. The
lesson also gives tips on how to cultivate the entrepreneurial mindset that all of these are
required in becoming an entrepreneur. Habitual entrepreneurs share certain traits of the
entrepreneurial mindset as well.

I realized that having an entrepreneurial mindset is essential while starting a business

since it allows one to successfully carry out the necessary attributes or characteristics of an
entrepreneur to reach one's professional or business goals. It is also difficult in that not
everyone possesses the attributes, but we can all develop them by learning how to be one.
Although difficult, one must overcome it and put forth their best effort to truly achieve the
goals or plans made because they will be worthwhile in the end. This is a win-win situation
because we already have the necessary knowledge and mindset, and we can now hopefully
achieve the goals because we have the necessary mindset or thinking that is a tool for it.

I intend to apply the knowledge I gained from this session to my education and future
employment because it can assist someone become an entrepreneur as well as an entrepreneur
themselves for improvements. I can use it whenever it is appropriate in certain circumstances.
When it comes to having an entrepreneurial mindset, it aids not only in becoming an
entrepreneur but also in becoming a successful and forward-moving individual that will make a
difference in this world for the benefit of me and the people around me or my family.
 ST. ALEXIUS COLLEGE
Gen. San. Drive, City of Koronadal, South Cotabato, Philippines 9506, Tel.: (083) 228-2019, Fax: (083) 228 4015, Email: registrar@stalexiuscollege.edu.ph

Entrepreneurial Strategies

I learned that having strategies that work and are actually helpful is essential if one
wants to start a business or excel in their line of work. According to the lesson, I now know
that a strategy is a plan of action intended to address issues or circumstances, especially those
that are important for maintaining a business or a person's good work. When a company is in
danger, strategy is helpful because it keeps it relevant and generates income. The tactics were
also discussed, such as trusting one's gut, which means having faith in our intuition and the
likelihood that the ideas we have would work out. Of course, a sensible analysis is still
necessary to determine whether the venture or strategy will succeed or grow. There are 10
different techniques for success, and in my opinion, they are all successful when some sort of
action or other is taken.

I realized that having strategies for all possible scenarios is essential because we cannot
know or forecast whether there would be issues. In the event that things don't go according to
plan, we must have a backup plan. When we wish to start a business, it's vital to have and
understand the discussed strategies. All of the techniques mentioned are crucial for our
knowledge and thoughts. One must be patient because it takes a lot of time and effort to
understand and master the tactics.

I intend to use the entrepreneurial tactics in my studies because they involve steps that
are tied to becoming a contributing member of society in addition to being for work or jobs.
The entrepreneurial tactics can be applied when I need a backup plan or approach when things
don't go as planned or when issues develop. But, it depends, therefore the tactics may also be
used if I were to get a job soon. If the circumstances are right, I could also instruct my peers in
it or just start my own business.