GROUP 2 EED 3216-1

Business
Opportunities
in Small
Business

Presented by:
Hacutina, Lao, Pangandaman, Pellesco, & Rom
How would you describe the
small businesses in the
Philippines?
 At the end of our discussion, we
should be able to:

Learning define the meaning of business

opportunity
compare the small business and
Outcomes big business
explain the contribution of small
business to economy
 The term business refers to an
Definition organization or enterprising entity
engaged in commercial, industrial, or
of professional activities.

Business The purpose of a business is to organize

some sort of economic production (of
goods or services). Businesses can be
for-profit entities or non-profit
organizations fulfilling a charitable
mission or furthering a social cause.
Businesses range in scale and scope
from sole proprietorships to large,
international corporations.
Definition of
Business Business opportunities offer less
support than franchises, this could
Opportunity be an advantage for you if you thrive
on freedom.

It is a packaged business These are the most common types of

investment that allows the business opportunity ventures:
buyer to begin a business Distributorships
Rack Jobbing
Vending Machine Routes
 FEATURES OF
SMALL BUSINESS
1 Low capital Requirement

2 Passionate

3 Matches individual skills

4 Growth

5 Reflect environmental
realities

6 Ownership
 FEATURES OF
SMALL BUSINESS
7 Management

8 Limited reach

9 Labor intensive

10 Flexibility

11 Resources
Difference
between big and
small business
What is
Big business?
Large enterprises/
corporations in any country

Organized by departments

Owned by a person or group

of people
What is
Small business?

Small owner-operated
companies

Commonly managed by one

person or a small group
 Difference Between Big
and Small Business
Business Size Business Legal Financing of Small and
Basics Structure Large Businesses

A business's size can A business's legal Financing

be measured by the structure determines describes how a
number of employees how the business is business raises
that work for it or by managed, taxed and
money to fund
total sales within a whether owners are
liable for business
operations and
defined period.
debts. new projects.
Advantages of Small
Business Ownership

1 Independence and Control

2 Lifestyle and Freedom

3 Creative Freedom, Personal

Satisfaction, and Growth
Independence and
Control
You have full control of everything and you make all critical
decisions.

Lifestyle and
Freedom
Set your own hours and decide when and where you want to
work. If family time is important, you may want to operate your
business from home and eliminate a commute

Creative Freedom,
Personal Satisfaction,
and Growth
Able to build something that may become part of your ongoing
legacy and you could convert your skills, interests, and passions
into income.
Disadvantages of Small
Business Ownership

1 Financial Risk

2 Stress and Health Issues

3 Time Commitment
Financial Risk

Entrepreneurs by definition are risk-takers.

Stress and Health

Issues
As the owner, you’re also responsible for the well-being of your
employees, and you’ll probably have to perform some
unpleasant tasks, like firing people.

Time Commitment
People often start businesses so that they’ll have
more time to spend with their families.
Contribution to
Ecocomy
1 Provide Jobs

2 Help Grow Business

3 Positive Impact on GDP

4 Spearheading Innovation

5 Spreading Wealth

6 Sharing to the World

1. Provide Jobs
Significant portion of the eligible workforce in our
economy lowers the unemployment, poverty, and
homelessness rates.

2. Help Grow
Business For 2021, SMEs contributed a significant portion of
the country's wholesale, retail trade, and repair
industries.
3. Positive
Impact on GDP
The DTI estimates that the SME sector contributed
40% of the Philippines' GDP in 2021.

4. Spearheading
Innovation
MSMEs have more freedom to be creative and
innovate compared to larger companies with rigid
rules and set corporate structures.
5. Spreading
Wealth
As they operate and grow, they inject capital into
the community which, in turn, help support other
local businesses.

6. Sharing to the
World
Small business owners have become ambassadors
for the country representing hardworking and
talented Filipinos.
 Small Business
Opportunities in 2023

Online reselling Pet sitting T-shirt printing Online

Teaching
Do you have
any question?
 answer th
n to e qu
Sc a

iz
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Thank You