MODULE 1: SMALL-MEDIUM ENTERPRISE
- Backbone of the economy
- Businesses not exceeding specific thresholds in
employees, revenue, or assets (varies by country).
- play an important role in an economy by employing many
people and shaping innovation.
- Can exist in almost any industry which requires fewer
employees and smaller upfront capital investments.
CHARACTERISTICS OF SMALL BUSINESSES
● BUSINESS SIZE
- fewer employees and lower revenue than larger
businesses.
- less than 500 employees and less than 50 million pesos
in annual revenue.
● OWNERSHIP
- often owned by a single person (sole proprietorship) or a
small group of partners.
- owners have a direct stake in the success of the business
and are often very involved in its day-to-day operations
● MANAGEMENT
- Less formal management structure
- Owner may wear many hats; wide range of tasks
● MARKET FOCUS
- Focus on niche market/specific geographic area
- Specialize and cater to the needs
● FLEXIBILITY
- Adaptable than larger businesses
- Make decisions quickly
● INNOVATION
- Forefront of innovation
● CHALLENGES
- Face number of challenges, limited access to capital,
competition from larger businesses
MANAGEMENT FUNCTIONS
- Share some management functions with larger
businesses
● STRATEGIC MANAGEMENT
•Vision and Mission: company’s goals, values, and target market
•Planning: short-term and long-term plans for growth, marketing,
finance, and operations.
•Competitive Analysis: Understand the competitive landscape and
identify opportunities.
● OPERATIONS MANAGEMENT
•Production: Efficiently manage production processes
•Supply Chain Management: Build strong relationships with
suppliers
•Quality Control: Implement quality control measures
● MARKETING AND SALES
•Developing a Marketing Strategy: Reach target customers
•Sales Management: Build a sales team and implement processes
•Customer Relationship Management: Build strong relationships
with customers
● HUMAN RESOURCE MANAGEMENT
•Recruitment and Hiring: Attract and hire qualified employees.
•Training and Development: Invest in employee skills and
development.
•Performance Management: Effectively evaluate and manage
employee performance.
● FINANCIAL MANAGEMENT
•Financial Planning and Budgeting: Create and manage budgets to
ensure financial stability.
•Accounting and Reporting: Maintain accurate financial records and
reports.
•Cash Flow Management: Manage cash flow effectively to avoid
financial issues.
FORMS OF BUSINESS ENTITIES
- Choosing the right business entity structure is crucial for
any small or medium enterprise as it impacts everything
from legal liability to taxes and fundraising.
● SOLE PROPRIETORSHIP
- Simplest and most common structure, especially for solo
entrepreneurs.
- Easy to set up and manage.
- Owner has unlimited liability for business debts.
● GENERAL PARTNERSHIP
- Two or more owners share in profits and losses.
- Simple structure, but potential for disagreements between
partners.
● LIMITED LIABILITY PARTNERSHIP
- all partners have limited liability for business debts.
- Often used by professionals like lawyers and accountants
● C CORPORATION
- Separate legal entity from its owners.
- Offers limited liability protection for owners.
- Subject to double taxation (corporate and personal tax on
dividends).
● S CORPORATION
- Special type of corporation that avoids double taxation.
- Limited to 100 shareholders who are US citizens or
permanent residents.
MODULE 2: TECHNOPRENEURSHIP ECOSYSTEM
- network of stakeholders, resources, and institutions that support the
creation, growth, & success of technology-based startups & new
ventures.
HUMAN RESOURCE COMPONENTS
1. RESEARCHERS
- thinkers, idea generators and the innovators
2. DEVELOPERS
- creating and developing the technology-based products
- new tech and innovations
- help accelerate the development process of
technopreneurship ventures
3. MARKETING PEOPLE
- understanding the needs and preferences of potential
customers
- develop strategies to promote and connect
4. FINANCIER
- provide funding to start and grow businesses
- Helps mitigates risks –assessing the potential of the
venture
- often have expertise in specific industries or markets
ENVIRONMENTAL COMPONENT
➔ SCIENCE PARTS, INCUBATION CENTER
- for startups to develop by providing services such as
management training and office space.
➔ ACADEMIC INSTITUTIONS, R&D CENTER
- company works to obtain new knowledge that it might use
to create new technology, products, services or systems
➔ INTERNET ACCESS, COMMUNICATION AND OTHER
SUPPORT SERVICES
- is the ability of individuals and organizations to connect to
the Internet
➔ GEOGRAPHIC ACCESSIBILITY
- ability to reach a place with respect to another place
LAW AND POLICY
➢ INTELLECTUAL PROPERTY RIGHTS
- rights are given to persons over the creations of their
minds.
● PATENT
- exclusive right granted for an invention
- technical information about the invention must be
disclosed to the public in a patent application.
● COPYRIGHT
- includes literary and artistic works
● FRANCHISING
- right to do business using their trademarks, products,
services, and even business models and operating
systems.
● TRADEMARK
- consisting of a recognizable sign, design, or expression
which identifies products or services of a particular source
- trademarks used to identify services are usually called
service marks.
➢ TECHNOLOGY LICENSING OFFICE
- Agreement that allows another party to use, modify,
and/or resell that property in exchange for
compensation(consideration).
➢ LEGAL SERVICES
- Protecting the owner's personal assets from lawsuits
against the business
FINANCIAL COMPONENT
❖ INVESTOR
➢ commits capital with the expectation of
receiving financial returns
❖ BUSINESS SECTOR
➢ distinctions made between businesses
➢ like to divide businesses according to
corporate, nonprofit, and government
organizations.
❖ PRIMARY SECTOR
➢ foundation of all business
➢ raw materials that support everything else
;Agricultural, Farming, Fishing, Forestry,Mining
❖ SECONDARY SECTOR
➢ transforms raw materials into various
products.
 ❖ TERTIARY SECTOR ● Executive summary- introduces the company
➢ products produced in the secondary and ● Product and Services- describe the products & services
primary sectors it plans to produce
➢ transportation industry ● Market Analysis- what type of customers it plans to
❖ FUNDING AGENCIES target
➢ provides the mechanism in which financial ● Market Strategy- plans to attract & keep customers
assets are accumulated for the purpose of ● Financial Plans and Projections- financial statements,
paying accrued pension benefits balance sheets
❖ FINANCIAL SERVICES TWO TYPES OF BUSINESS PLAN
➢ organizations that deal with the management 1. TRADITIONAL BUSINESS PLANS
of money - More common, encourage u to go into detail in each
➢ Banks, investment banks, insurance section
companies, credit card companies and stock 2. LEAN STARTUP BUSINESS PLANS
brokerages - Summarizing only the most important points of the key
3 CRUCIAL COMMON COMPONENTS FOR BUSINESS elements of ur plan
● Excellent Market Opportunity
MODULE 4: HIGH-TECH INDUSTRY
○ Customer’s need - leading the way in an era of transformation
○ Timing - empowered consumers, businesses, and governments with new,
● The Technopreneur and Management Team digital capabilities leveraging cloud, mobile, and social
○ business will be successful if led by a person
with strong entrepreneurial and management
skills.
○ entrepreneurs should have experience in the
TECHNOLOGY VENTURES
same industry or a similar one
- can refer to companies or startups that develop and commercialize
● Resources new technologies.
○ Entrepreneurial frugality: low overhead, high -These ventures are often characterized by their:
productivity, minimal ownership of capital - Focus on innovation High growth potential
assets - High risk
- Need for funding
9 F’s BUSINESS - The leading resource for analyzing opportunities and
1. FOUNDERS - first class entrepreneur. building new enterprises
2. FOCUSED - focus on niche markets, specialize. TECHNOLOGY & THE ECONOMY
3. FAST - decision making , respond to change. - TECHNOLOGY- powerful engine for economic growth
4. FLEXIBLE - open mind, respond to change. - Economic growth has always been influenced by
5. FOREVER INNOVATOR - forever innovating technology
6. FLAT - organization. SUCCESSFUL TRAITS OF TECHNOPRENEUR
7. FRUGAL - low overhead. ● EFFECTIVE LEADERSHIP SKILLS
8. FRIENDLY - to their customers, suppliers, workers. ● GOOD FOLLOWER
9. FUN - to be associated with an entrepreneur. ● ADAPTED TO CHANGES
● FOCUSED AND DETERMINED
MODULE 3: SEED MODEL ● SKILLED IN PLANNING
- used to prepare oneself to handle, manage, and assess FACTORS LEADING TO TECHNOPRENEURIAL SUCCESS
ourselves ● INNOVATIVE TECHNOLOGY SOLUTIONS
1. SELF MASTERY ● ENTREPRENEURIAL MINDSET & RISK-TAKING
- person’s ability to decide what will be the best business ● STRATEGIC PARTNERSHIPS & COLLABORATIONS
that fits his or her interests ● ACCESS TO FUNDING & RESOURCES
● MARKET ANALYSIS & VALIDATION
● AGILE PRODUCT DEVELOPMENT
● & ITERATION
- SELF-MASTERED TESTS ● EFFECTIVE LEADERSHIP * TEAM BUILDING
- IQ( INTELLIGENCE QUOTIENT); person’s ● CUSTOMER-CENTRIC APPROACH & USER
reasoning ability EXPERIENCE
- EQ( EMOTIONAL); ability to understand & ● ADAPTABILITY TO MARKET DYNAMICS &
manage emotions EMERGING TRENDS
- AQ( ADVERSITY); manage difficulties ● ETHICAL CONSIDERATIONS & SOCIAL IMPACT
2. ENVIRONMENT MASTERY
- Business ideas & opportunities w/in his environment
3. ENTERPRISE MASTERY
- How to run a business
- Knowledge on different enterprise’s disciplines
ENTERPRISE’S DISCIPLINES
➢ CREATING THE BUSINESS
➢ MARKETING MANAGEMENT
- Use of strategies, tools, & analysis
- Identify opportunities for growth; new target market
➢ OPERATIONS MANAGEMENT
- Ensure market-ready products
➢ FINANCIAL MANAGEMENT
- Align their financial status to their goals & objectives
➢ RISK MANAGEMENT
- controlling threats to an organization's capital
ENTERPRISE-MASTERED PERSON
- Leads & inspire rather than manage
4. DEVELOPMENT OF BUSINESS PLAN
- Writing, presenting & defending the business plan
BUSINESS PLAN
- Strategic docu that outlines a company’s goals
- Frame for their achievement
IMPORTANCE OF A BUSINESS PLAN
- Guides u thru each stage
- Help set ur goals
- Help make better decisions
COMMON ELEMENTS OF A BUSINESS PLAN