NUEVA ECIJA

UNIVERSITY OF SCIENCE
WELCOME
TO OUR
AND TECHNOLOGY

CLASS!
NUEVA ECIJA UNIVERSITY
CHAPTER VIII
OF SCIENCE AND
TECHNOLOGY
ENTREPRENEURSHIP
AND
LIVELIHOOD
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NUEVA ECIJA ENTREPRENEURSHIP

UNIVERSITY OF SCIENCE
AND TECHNOLOGY
Entrepreneurship refers to the
person’s ability to produce,
introduce and make accessible to
the people alternative or new
products and services in response
to the existing needs of the
prospective market with the
primary purpose of gaining profit in
the process.
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NUEVA ECIJA ENTREPRENEUR

UNIVERSITY OF SCIENCE
AND TECHNOLOGY
An entrepreneur is an
individual who creates
a new business,
bearing most of the
risks and enjoying most
of the rewards.
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CONTRIBUTION
NUEVA ECIJA
UNIVERSITY OF SCIENCE
AND TECHNOLOGY

OF
ENTREPRENEURS
TO THE
ECONOMY
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CONTRIBUTION
NUEVA ECIJA OF ENTREPRENUERS TO THE ECONOMY
UNIVERSITY OF SCIENCE
AND
1. TECHNOLOGY
OPENING THE MARKET FOR UNTAPPED RAW
MATERIALS
2. CREATING MARKETS FOR EXISTING OR NEW
PRODUCTS AND SERVICES
3. MOBILIZING CAPITAL RESOURCES
4. THEY PAY TAXES
5. GENERATING EMPLOYMENT OPPORTUNITIES
6. CONTRIBUTING GREATLY TO THE GDP AND
LOCAL LABOR
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CONTRIBUTION
NUEVA ECIJA OF ENTREPRENUERS TO THE ECONOMY
UNIVERSITY OF SCIENCE
AND TECHNOLOGY
OPENING THE MARKET FOR UNTAPPED
RAW MATERIALS
This is usually driven by their desire to come up
with original concept and design which they
believe would be the last formula in winning
the competition. Others will search for
alternative materials or sources for cost cutting
purposes.
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CONTRIBUTION
NUEVA ECIJA OF ENTREPRENUERS TO THE ECONOMY
UNIVERSITY OF SCIENCE
AND TECHNOLOGY
CREATING MARKETS FOR
EXISTING OR NEW PRODUCTS
AND SERVICES.
They capitalize on their
resourcefulness, creativity, and
persistence to create demands.
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CONTRIBUTION
NUEVA ECIJA OF ENTREPRENUERS TO THE ECONOMY
UNIVERSITY OF SCIENCE
AND TECHNOLOGY
MOBILIZING CAPITAL
RESOURCES
They cause movement of products and
services in the economy. In doing so,
even capital resources change hands
benefiting not only capitalist but also
the stakeholders of the economy.
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CONTRIBUTION
NUEVA ECIJA OF ENTREPRENUERS TO THE ECONOMY
UNIVERSITY OF SCIENCE
AND TECHNOLOGY
THEY PAY TAXES
More business will mean more
taxpayers contribute to the
efforts of the government of
providing basic services to the
people.
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CONTRIBUTION
NUEVA ECIJA OF ENTREPRENUERS TO THE ECONOMY
UNIVERSITY OF SCIENCE
AND TECHNOLOGY
GENERATING EMPLOYMENT
OPPORTUNITIES
Entrepreneurs hire workers to help them
the day-to-day operation of business. As
the business grows and more business-
minded people are lured in the industry, the
greater will be the demand for workers.
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CONTRIBUTION
NUEVA ECIJA OF ENTREPRENUERS TO THE ECONOMY
UNIVERSITY OF SCIENCE
AND TECHNOLOGY
CONTRIBUTING GREATLY TO THE
GDP AND LOCAL LABOR
Based on the data presented by NSO,
SMEs contribute 32% to the GDP, make up
99.6% of all the registered business in the
Philippines and generate 70% of all
employment.
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NUEVA ECIJA
UNIVERSITY OF SCIENCE
AND TECHNOLOGY
COMMON
REASONS WHY
A SMALL
BUSINESS FAILS
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COMMON
NUEVA ECIJA REASONS WHY A SMALL BUSINESS FAILS
UNIVERSITY OF SCIENCE

1. Lack of knowledge and

AND TECHNOLOGY

experience on the part of those who

planned and manage the business.
2. Lack of resources to support all
the capital requirements
3. Location of the business is not
suitable
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COMMON
NUEVA ECIJA REASONS WHY A SMALL BUSINESS FAILS
UNIVERSITY OF SCIENCE
AND TECHNOLOGY
4. Poor inventory management’
5. Premature implementation of
expansion plan
6. Lack of competent workers to
take care of the production
process.
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NUEVA ECIJA
UNIVERSITY OF SCIENCE
AND TECHNOLOGY
TYPES OF
BUSINESS
MANUFACTURING
TRADING
SERVICES
AGRI-BUSINESS
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NUEVA ECIJA TYPES OF BUSINESS

UNIVERSITY OF SCIENCE
AND TECHNOLOGY

MANUFACTURING
This is for people who
have interest and ability
to produce goods for
distribution to the
market.
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NUEVA ECIJA TYPES OF BUSINESS

UNIVERSITY OF SCIENCE
AND TECHNOLOGY

TRADING
This involves the
marketing of ready-
made products and
services.
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NUEVA ECIJA TYPES OF BUSINESS

UNIVERSITY OF SCIENCE
AND TECHNOLOGY

SERVICES
This type of business is good
for people who love to meet
and work with people. It
includes tutorial services, event
management, consultancy,
transportation services and many
more of such nature.
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NUEVA ECIJA TYPES OF BUSINESS

UNIVERSITY OF SCIENCE
AND TECHNOLOGY
AGRI-BUSINESS
This is suited to rural
setting since it caters
with production,
processing, and
marketing agricultural
products.
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FACTORS
NUEVA ECIJA TO CONSIDER IN CHOOSING RIGHT
UNIVERSITY OF SCIENCE BUSINESS
AND TECHNOLOGY

1. Personal interest
2. Knowledge or talents
3. Training and work experience
4. Start-up capital
5. Government programs
6. Market trends
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PROMOTING
NUEVA ECIJA SMALL BUSINESS AND LIVELIHOOD
UNIVERSITY OF SCIENCE
1. Skill training
AND TECHNOLOGY

2. Trade fair
3. Business orientation seminars
4. Job fair
5. Micro-financing
6. Tax incentives
7. Promotion cooperatives
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NUEVA ECIJA
UNIVERSITY OF SCIENCE
Business Planning
AND TECHNOLOGY
It is widely believed that 1 out of 5
businesses today will be around after
five years. The failures of the most
enterprises may be attributed to the
lack of well-crafted business plan. The
business plan serves as the
businessman’s road map to success.
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PRINCIPLES OF PLANNING
NUEVA ECIJA
UNIVERSITY OF SCIENCE
ANDPlanning
1. TECHNOLOGY must
be realistic. It must be based on
available resources, and attainable goals.
2. Planning must be based on felt needs. The
objectives of the entrepreneur should fit the needs
of its prospective market.
3. Planning must be flexible. Resources, needs and
economic conditions change. Planning should be
adjusted to such change to keep the business
running.
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CONTENTS
NUEVA ECIJA
UNIVERSITY OF SCIENCE
OF A BUSINESS PLAN
AND TECHNOLOGY
1. Statement of mission, vision, and objectives
2. Business title and description
3. Product/service description
4. Industry analysis
5. Production and inventory management plan
6. Equipment and manpower requirements
7. Marketing plan and pricing policy
8. Financial plan
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NUEVA ECIJASOURCE OF CAPITAL

UNIVERSITY OF SCIENCE
AND TECHNOLOGY

Small entrepreneurs usually meet

financial requirements for his/her
investment by resorting to his/her
personal savings or his other assets, loans
from relatives, close friends, bank and other
private and government financial institution.
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GOVERNMENT
NUEVA ECIJA REQUIREMENTS FOR SMALL
UNIVERSITY OF SCIENCE
AND TECHNOLOGY
BUSINESS
Required by the Business Permit and Licensing Office
(BPLO)
1. Barangay Clearance for Business
2. Cedula
3. DTI Registration for Single Proprietorship
4. SEC Registration for Partnership and Corporation
5. Sketch of location
6. Photocopy of Contract of lease.
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GOVERNMENT
NUEVA ECIJA REQUIREMENTS FOR SMALL
UNIVERSITY OF SCIENCE
AND TECHNOLOGY
BUSINESS

Other requirements after BPLO:

1. Sanitary permit to operate
2. CENRO Certificate of Environmental
Compliance Certificate
3. Fire Safety Inspection Certificate
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NUEVA ECIJA
UNIVERSITY OF SCIENCE
AND TECHNOLOGY

THANK YOU!!!