Entrepreneurship

– refers to the persons who will buy the product

or services
process or way of transforming raw - is the diagram showing
materials into finished products. graphically the relation of one official to another, or others
manufacturing equipment used in the of a company.
production of goods or delivery of services.
human labor force involved in the
manufacture of products.
refers to the raw materials necessary in - the process of presenting a concept for a product to its
the production of a product. target market and learning from those prospective buyers
whether or not the idea is worth pursuing.
- this process typically takes place early on in the conception
stage, before any significant investments have been made in
developing the product.
- formal written description of your business in the future
by defining your goals, strategies to meet the goals, and
the timeframe for the achievement of those goals.
people in the target market, such as the
The following are the components found in a Business buyers
Plan. Send out to your target market
- this part discusses what is the business
plan all about. s ’
- is part of the business plan
which is the first to be
presented but the last to be made. the first and arguably
- shows how you will the best way to validate your product is to prioritize
manage your business and the making a few initial sales.
people you need to help you in your operations. evaluate the
- shows the design of your market for your product as it stands today to ensure
product/service; pricing, where you will sell, and how you there’s enough demand to build a viable business.
will introduce your product/service to your market.
- shows the money needed for the the use of small
business, how much you will take in, and how much you amounts of capital from a large number of
will pay out. individuals to finance a new business venture.
- shows the area, equipment,
and materials needed for the a test version of the product can either
business. be paid or free and is a great way to get testimonials
- this is the strategy where you and feedback while you create.
identify major competitors
and research their products, sales, and marketing
strategies.
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Entrepreneurship

comes from the Latin word “ ” known as

and “ ” known as
the ability to create, design,
conceptualize, or produce new products that are Negative Energy
pleasing to see, touch, or taste.
money paid out from your account
the ability to adapt technology to
convert or innovate new learning into highly
serviceable products or services.
the ability to turn your passion, Comes from the word “ ” known as
interest, and skills into a profitable business
positive entry

sample product, tester, model moneys received in your account although it’s a loan

most basic guide, black and white

outline financial resources
a detailed and complex guide
examples: investments, jewelry, real
estates
financial obligations
examples: taxes, insurance, and loan
- a process of recording your business transactions in a
’ shares
very systematic and chronological order.
• Systematic- it involves planning, follow a certain portion of the company’s
system or order assets that the owners can claim
• Chronological Order- date and time total amount of income or
total profit from a business
BOA- BOOK OF ACCOUNTS( LEDGER/ JOURNALS) generated money from your resources or
BOOK KEEPER- in-charge of the record to maintain and business
to update book transaction money that you expense

BOOK OF JOURNAL- BOOK OF ORIGINAL ENTRY

( date, debit, and credit)
BOOK OF LEDGER- BOOK OF FINAL ENTRY
Summarize or final copy