July 6, 2018

Give at least one example of societal

an economic benefits of
entrepreneurship.
1. Produces more jobs that equate to an increase in
national income.
2. Amplifies economic activities of different sectors of
society.
3. Introduces new & innovative products & services.
4. Improves people’s living standards.
5. Disperses the economic power & creates equality.
6. Controls the local wealth & balances regional
development.
7. Reduces social conflicts & political unrest
8. Elicits economic independence & capital formation.
What are the common traits that
entrepreneur should always have?
1. Proactive 6. Networkers
2. Agents of Change 7. Decisive
3. Risk Takers 8. Balanced
4. Have a sharp eye for 9. Innovative
opportunities
5. Sociable
 What are the core traits that
entrepreneur should develop in
managing and running the business?
1. Leaders
2. Communicators
3. Specialists
4. Problem Solvers
 The class will be divided into four groups.
 Each group will receive pieces of papers containing pros
and cons of being entrepreneur and intrapreneur.
 Each group must match these pros and cons to the correct
person (entrepreneur or intrapreneur)
 10 mins. is allotted for this activity.
Income generated actively (no
work no pay)
Income usually fixed per month
Income earned whether the
business is successful or not.
Income generated passively even
when he is resting.
Opportunity income unlimited
Income only earned when the
business is successful.
Seeks for job
Has the goal of satisfying only the
employer
Fully dependent on the employer’s
performance
Can only work for the current
employer exclusively.
Provides jobs
Fully responsible for serving
customers, making the business
profitable and providing employee
satisfaction
Has the power to disengage
nonperforming employees
Can venture into expansion of
business
Has routine tasks and works on
regualr or normal hours.
Follows policies, procedures and
memoranda from the employer.
Performs all necessary variable tasks
to establish and manage a startup
business
Prepares policies, procedures and
memoranda for the business
Limited number of vacation days Has flexible schedule
imposed by the employer. Unlimited number of vacation days
Taxed on the gross income Taxed on the net ncome
May be comfortable with routines
and minimal risks
May also be comfortable in working
for the company itself
Comfortable in doing multiple and
challenging tasks
Takes accountability with the risks
and profits of the business
Does not want to confined in a box
and thinks out of the box
List of common small businesses in the Philippines
1. Sari-sari store
2. Rice retailing
3. Food cart business
4. Printing business
5. Buy and sell business
6. Street food business
7. Flea market business or tiangge
List of common small businesses in the Philippines
8. Online selling business
9. Cellphone loading business
10. Laundry and cleaning business
11. Hair styling and makeup business
12. Spa, gym and nail care business
13. Video and photography business
List of common small businesses in the Philippines
14. Tutorial business
15. Baking business
16. Website development and design/blogging
17. Direct selling business
18. Car wash and car care business
19. Bar, cafe and restaurant
20. Water station and LPG station