ENTREPRENEURSHIP

QUIZ/Activity No._________

Name:____________________________ Grade/Section:________

1. Give at least ten(10) 20 pts

CHARACTERISTICS
OF AN
ENTREPRENEUR

2. What is vision? Discuss and give examples.10 pts

3. Draw your business 5 years from now. (How do you see your business 5 years from now?)20 pts.
Note: Make use the back page for your drawing.
 ENTREPRENEURSHIP (Handouts)
ENTREPRENEURSHIP
Is the act of creating, building and growing a business enterprise.

ENTREPRENEURSHIP is NOT Being an investor in a business Being a silent partner Getting into business because there is
nothing better to do Coming up with a cheap substitute

PERSONAL ASSESSMENT
Commitment Motivation Taking Risks Making Decisions Family Situation Financial Situation Technical Skills
Business Management Skills Knowledge of your Line of Business

2 KINDS OF ENTERPRISES
Livelihood-Oriented Enterprises Vs Growth-Oriented Enterprises
Livelihood - Kabuhayan Growth - Pag-unlad

2 KINDS OF ENTERPRISES
Livelihood-Oriented Purpose of Business: To augment income
Income is used in: Personal or family needs
Attitude and Abilities of the Owner: Contented with what he/she knows and with the state of the business
Does not have plans of improving business and self
Growth-Oriented Purpose of Business: To grow the business for greater income, to generate employment, and to be able
to have significant contribution in the community
Income is: Ploughed back into the business or personal savings
Attitudes and Abilities of the Owner Always looking for opportunities to grow
Find ways of improving himself/herself and how to enhance product/service

WHAT IS AN ENTREPRENEUR
•A Dreamer – more aptly – a Visionary •Can find the need to fill up. There was someone who said that to succeed in
business: “Find the need, and fill it up.” •The person who has a positive attitude, in addition to determination, hard work,
experience and persistence.

WHAT IS AN ENTREPRENEUR
•Is an action-oriented, highly motivated individual who takes risks to achieve goals. •Is innovative: Willing to change Willing
to adapt Willing to go against the current or what is normal (thinking and acting out of the box) •Are wealth creators with
conviction. •Has mind-set of a nation-builder Helps the economy grow Creates employment Makes possibilities into
realities Pays licenses and taxes

Entrepreneurs do not just have an idea, but they have a VISION!

VISIONING

A POWERFUL TOOL
Visioning is a very powerful tool in achieving what one wants. Social scientists have shown that something which is always
injected into one’s thoughts will guide your actions towards that thought or idea or goal.

VISIONING
• Importance of DREAMS
• Visions start from Dreams

VISIONING TO ACHIEVE
GET-SEE- DO
VISION
A vision is a guiding theme that articulates the nature of the business and its intentions for the future. These intentions are
based on how the business owner believes the environment will unfold and what business can and should become in the
future. Visions are not vague expressions of goodwill, but explicit systems about what it takes to succeed in the future.

VISIONING

Visioning Exercise (11/29/18)

Draw your business 5 years from now. (How do you see your business 5 years from now?)

SWOT ANALYSIS

INTERNAL & EXTERNAL ASSESSMENT (SWOT Analysis)

• INTERNAL ASSESSMENT S – Strengths W – Weaknesses • EXTERNAL ASSESSMENT O – Opportunities T - Threats

INTERNAL & EXTERNAL ASSESSMENT (SWOT Analysis) • STRENGTHS -Within the control of the entrepreneur - Occur at
present - Should be capitalized and harnessed to make weaknesses redundant • WEAKNESSES - Within the control of the
entrepreneur - Occur at present - As much as possible, should be eliminated

INTERNAL & EXTERNAL ASSESSMENT (SWOT Analysis) • OPPORTUNITIES -Beyond the control of entrepreneur - Positive
and favorable factors in the environment - Should be capitalized on to make business profitable • THREATS - Beyond the
control of entrepreneur - Negative & unfavorable factors in environment - Should be overcome so as not to adversely
affect the business

INTERNAL ASSESSMENT
• Production/Operations • Marketing • Finance/Accounting • Management

PRODUCTION/OPERATIONS
• The production/operations functions of a business consists of all those activities that transform inputs into goods and
services. In doing so you have to look at and consider: - process - capacity - inventory - workforce - quality

MARKETING • Functions of marketing: - customer analysis - buying supplies - selling products/services - product and
service planning - pricing - distribution - marketing research - opportunity analysis

FINANCE/ACCOUNTING
• Functions of finance/accounting: - capital budgeting - financial operations - financial records - funds sourcing

MANAGEMENT/CONTROL
• Functions of management - planning - organizing - motivating - staffing - controlling

EXTERNAL ASSESSMENT
• Economic forces • Social, cultural, demographic and environmental forces • Political, governmental and legal •
Technological forces • Competitive forces

INTERNAL AND EXTERNAL ASSESSMENT

SWOT Analysis