ENTREPRENEURSHIP

ENTREPRENEURSHIP

Glenda G. Arradaza
HOUSE RULES
1. Be Responsible
2. Be Respectful
3. Be Independent
4. Improve your Study Habits
ENTREPRENEURSHIP

RESALYN M. FLANDEZ
CONTENTS
INTRODUCTION
• Relevance of the course
• Key concept and common competencies
• Core competency in Entrepreneurship
• Career opportunities

DEVELOPING A BUSINESS PLAN

• Development of Business Plan
• Market
• Marketing Mix
• 4 Ms of Operation
IMPLEMENTING A SIMPLE BUSINESS
• Business Implementation
INTRODUCTION
OBJECTIVE:
• Discuss the relevance of the course
• Explain the key concepts of common
competencies
• Explain the core competencies in
Entrepreneurship
• Explore job opportunities for Entrepreneurship as
a career.
Activity No. 1
Henry Sy
Manny Villar John Gokongwei
Enrique Razon
Lucio Tan
What is Entrepreneurship?
The art and science of converting
ideas into highly marketable goods
and services that will improve
man’s quality of life.
It involves the systematic utilization
of four essential elements
(manpower, methods, material,
and machines)
INTRODUCTION
Entrepreneurship
What is Entrepreneurship?
As a science, it involves
coordinated, arranged and
systematized knowledge. It
follows logically organized
processes and employs proficiency
or skills

INTRODUCTION
Entrepreneurship
What is Entrepreneurship?
As an art, it uses a great deal of
knowledge of the elements and
principles of design.

INTRODUCTION
Entrepreneurship
What is Entrepreneurship?
It is the process of identifying and
starting a new business venture,
sourcing and organizing the
required resources, while taking
both the risks and rewards
associated with the venture.

INTRODUCTION
Entrepreneurship
What is Entrepreneurship?
Is a process of actions of an
entrepreneur who is always in
search of something new to exploit
new ideas into gainful
opportunities by accepting risk and
uncertainty of the enterprise.

INTRODUCTION
Entrepreneurship
 Benefits of
Entrepreneurship?
1. Produces more jobs that equate
to an increase in national
income.
2. Amplifies economic activities of
different sectors of society.

INTRODUCTION
Entrepreneurship
Benefits of
Entrepreneurship?
3. Introduces new and innovative
products and services
4. Improves people’s living standard
5. Disperses the economic power and
creates equality

INTRODUCTION
Entrepreneurship
Benefits of
Entrepreneurship?
6. Controls the local wealth and
balances regional development.

7. Reduces social conflicts and political

unrest.

INTRODUCTION
Entrepreneurship
Why study Entrepreneurship?
1. Think like an entrepreneur

2. Develop a vision for your life

INTRODUCTION
Entrepreneurship
What is an Entrepreneur?
Enterprendre – French Origin
“Entreprendre - “to undertake”

-those who undertake the risk of new

enterprises.

INTRODUCTION
Entrepreneurship
What is an Entrepreneur?
- Is a unique individual who has the
innate ability and extraordinary
dedication to establish and manage a
business.

INTRODUCTION
Entrepreneurship
Who is an Entrepreneur?
- innovators
- risk-takers
- creates new and unique ideas
into gainful opportunities.

INTRODUCTION
Entrepreneurship
Who is an Entrepreneur?
Is one who has the ability to see
and evaluate business
opportunities, gather necessary
resources and take advantage of
them, and evaluate appropriate
action to ensure success.

INTRODUCTION
Entrepreneurship
Who is an Entrepreneur?
is an innovator who establishes a new
business offering new or existing
products or services for the reward of
profit

INTRODUCTION
Entrepreneurship
A successful entrepreneur is
one who has created value for
his or her customers. The
opportunity to create such
value arises when one sees
viable solutions to everyday
problems
INTRODUCTION
Entrepreneurship
Core Competencies in
Entrepreneurship
1. Proactive
- have the tendency to anticipate and
act on future needs rather than reacting to
events after they unfold.
2. Agents of Change
- is an individual who promotes and
supports a new way of doing something
within the company. INTRODUCTION
Entrepreneurship
Core Competencies in
Entrepreneurship
3. Risk takers
- identify, evaluate, mitigate, and try
out potential opportunities and strategies
that may help you build or grow your
business but could also lead to personal or
professional loss.
INTRODUCTION
Entrepreneurship
Core Competencies in
Entrepreneurship
4. Sharp eyes for opportunities
- Have a talent to recognize an
opportunity .
- Know how to assess the net cause and
effect of an opportunity
- Decide intelligently if a venture is to be
considered or not. INTRODUCTION
Entrepreneurship
Core Competencies in
Entrepreneurship
5. Economic and dynamic activity
- it involves the creation and operation of
an enterprise with a view to creating value
or wealth by ensuring optimum utilization
of limited resources.

INTRODUCTION
Entrepreneurship
Core Competencies in
Entrepreneurship
6. Innovative- Entrepreneurs constantly
look for new ideas, thus he needs to be
creative.
7. Profit Potential- meaning the
entrepreneur can be compensated by his
profit coming from the operation.
INTRODUCTION
Entrepreneurship
Career Opportunities in
Entrepreneurship
1. Business Consultant- with the expertise
of the entrepreneur he can be a very good
source of advices to other entrepreneurs
and would be business man.
2. Teacher- a graduate of an
entrepreneurship can be use his
knowledge in teaching
INTRODUCTION
Entrepreneurship
Career Opportunities in
Entrepreneurship
3. Researcher- the entrepreneur can be
employed as researcher by an enterprise.
4. Sales- the entrepreneurship graduate
can apply as salesman
5. Business Reporter- the entrepreneur
being expert in the field, he can be
employed as business reporter.
INTRODUCTION
Entrepreneurship
Career Opportunities in
Entrepreneurship
6. Rice Retailing
7. Food Cart Business
8. Printing Business
9. Buy & Sell
10. Street Food Business
11. Online Selling Business

INTRODUCTION
Entrepreneurship
Five levels of Entrepreneurial
Development
1. The self-employed
2. The manager
3. The business owner
4. The investor
5. The true entrepreneur INTRODUCTION
Entrepreneurship
Level 1 is self employment.

Each business you run is truly

an education and an
apprenticeship for the next
level.
INTRODUCTION
Entrepreneurship
Level 2 The Manager

It teaches you how to employ,

train and manage people who
work for you.
INTRODUCTION
Entrepreneurship
Level 3 The Business Owner

Level where you have built

your employees and
management team to a place
where they do the work of
your business and you get out
of their way. INTRODUCTION
Entrepreneurship
Level 4 The investor

It relies on the cash flow and

capital in order to allow you
to invest.
INTRODUCTION
Entrepreneurship
Level 5 The True Entrepreneur

Aims for quality and

excellence in their work.

INTRODUCTION
Entrepreneurship
Types of Entrepreneurs
1. Technopreneurs
- is an entrepreneur who is technology
driven, innovative and risk taker to
assume unexplored path.
- Bill Gates (Microsoft), late. Steve Jobs
(Apple), Mark Zuckerberg (Facebook),
Sergey Brin and Larry Page (Google)
INTRODUCTION
Entrepreneurship
Types of Entrepreneurs
2. Social Entrepreneur
- they are those who initiate changes in
the various fields such as education,
health, human rights, environment and
enterprise development.

INTRODUCTION
Entrepreneurship
“Good Food Community aims to “change the world
with food”. All fees from subscriptions and pledges
are used to support local farmers and sustain
operations, while also providing consumers the
opportunity to visit the farms where the food is
grown, learn about farmers’ stories, and gain a
newfound respect and awareness of food and the
community around them
INTRODUCTION
Entrepreneurship
Types of Entrepreneurs
3. Intrapreneur
- Is an entrepreneur in a large company or
corporation who is tasked to think,
establish and run a new big idea or
project.
- Project managers or the business
development managers of the company.
INTRODUCTION
Entrepreneurship
Types of Entrepreneurs
4. Imitating entrepreneurs
-they are those who don’t create new
things but only follow the ideas of other
entrepreneurs.

INTRODUCTION
Entrepreneurship
Manny V. Pangilinan, chairman of PLDT,
Smart Communications and the TV5
Network, is one of the country's top
intrapreneurs.

INTRODUCTION
Entrepreneurship
Types of Entrepreneurs
One of the best-known examples of
extrapreneurship is LEGO Ideas; but other
companies are taking similar initiatives. A
great one I discovered on a recent tour of
Silicon Valley is TechShop.

INTRODUCTION
Entrepreneurship
“No society can exist without
entrepreneurship, every society
depends on entrepreneurs”

-Unknown

INTRODUCTION
Entrepreneurship
In your journal,
(1)illustrate an entrepreneur using any
art materials;
(2) cut out the head from any picture of
yourself and paste it on the head (face)
portion of the illustrated entrepreneur;
(3) label the picture of what are the best
traits of an entrepreneur.
INTRODUCTION
Entrepreneurship