Role of Entrepreneurship on Economic Growth  LARGE – 200 and above workers

• ENVIRONMENT – consisting of both the BUSINESS PLAN: A TOOL FOR

entrepreneur and the enterprise. ENTREPRENEURS
• ENTERPRISE – consisting of entrepreneurs.
• ENTREPRENEUR – responsible for the BUSINESS PLANNING – attainment of goals and
existence of the enterprise. the way we accomplish goals under a given time

 Entrepreneurship is innovation STAGES OF BUSINESS PLANNING

 Entrepreneurship is a means of taking risks  Unplanned Stage – owner has to time for
planning
STATEGIES FOR IMPROVING  Budgeting-System Stage – owner realizes the
ENTREPRENEURIAL SKILLS need to develop and use a budgeting system. 
 Annual Planning Stage
 FORMAL PREPARATION  Top-down Approach - the owner
 Enrollment in a baccalaureate degree provides the goals and let the
 Enrollment in a vocational/technical course employees comply with them. 
 Franchise-sponsored training  Bottom-down Approach - the owner
encourages his employees to participate
 INFORMAL PREPARATION in planning the goals and strategies of
 Networking the enterprise.  
 Mentoring  Strategic Planning Stage - as the business
 Surf the internet enterprise becomes bigger, a long-range
 Seminars, tradeshows planning is needed.  This is a three or five-year
 Visit supermarkets, malls, events plan has flexibility to adjust to changing
conditions.
CLASSIFICATION OF A SMALL BUSINESSES
 MANUFACTURING – converts raw materials Forms of Organizational Structure
into finish products.  LINE STRUCTURE - it is the oldest and
 SERVICE - simplest form of organization. Also know as
 WHOLESAILING – activities of those hierarchical structure.
persons or establishments which sell to retailers  LINE AND STAFF STRUCTURE - this
or merchants. (B2B) structure combines the staff specialists/experts
 RETAILING – selling of goods to final with the line managers
customers. (B2C)  FUNCTIONAL STRUCTURE - different
 GENERAL CONSTRUCTION FIRMS – departments are formed depending to their
engaged in the construction of roads, building, function.
etc.  COMMITTEE STRUCTURE - this structure
is known as plural type or multiple
GOVERNMENT INCENTIVES management.
 SMALL AND MEDIUM ENTERPRISE
ROVING ACADEMY Forms of Business Organization
 PONDO SA PAGBABAGO AT PAG-  Sole Proprietorship – single owner only
ASENSO  Partnership – two or more persons combined
 BARANGAY MICRO BUSINESS their property, money, and industry into a
ENTERPRISE common fund.
 KAPATID MENTOR ME  Corporation – artificial being
 GO LOKAL  Cooperative – group of individuals with a
- If you wish to enroll and be a member of these common economic goal
programs just go to DTI for registration.
Forms of Business Operation
CATEGORIES OF SMALL AND MEDIUM  SERVICE – doing something for customers in
ENTEPRISES exchange for fee
 MERCHANDISING – buying and selling of
IN TERMS OF CAPITALIZATION goods
 MICRO – 150,000 and below  MANUFACTURING – converts raw materials
 COTTAGE – above 150,000 to 1.5M into products
 SMALL – above 1.5M to 15M  INVESTMENT – invests and collect the same
 MEDIUM – above 15M to 60M with interest
 LARGER – above 60M

IN TERMS OF EMPLOYEE SIZE

 MICRO – 5 or less workers
 COTTAGE – 6 to 9 workers
 SMALL – 10 to 99 workers
 MEDIUM – 100 to 199 workers
GOVERNMENT PROGRAMS
 Technical Education and Skills Development
Authority (TESDA) – offering tech voc.
courses
 Youth and Entrepreneurship Cooperativism
in Schools (YECS) – to rain the youth to be
future entrepreneurs
 Philippine Center for Entrepreneurship
(PCE) – creation of more entrepreneurial
Filipinos.
 Student Technologists and Entrepreneurs of
the Philippines (STEP) – develop
entrepreneurial awareness among students
while enhancing their skills in various areas of
livelihood trainings.