ENTREPRENEURSHIP

Objective:

•Define entrepreneurship.
•Discuss the origin, nature and
history of entrepreneurship.
 ENTREPRENEURSHIP

Video: Pineapple Ice Cream

Youtube: https://www.youtube.com/watch?v=ckAn1TfESbg
 ENTREPERNEURSHIP
Video: Pineapple Ice Cream
Youtube: https://www.youtube.com/watch?v=ckAn1TfESbg

Guide Question:
• What is the story all about?
• How did the girl learned to do business?
• What important skills did she learn to
understand and do her business better?
Guide Question:

• What is the story all about?

• How did the girl learned to do business?
• What important skills did she learn to
understand and do her business better?
ENTREPERNEURSHIP - is the
capacity and willingness to develop,
organize and manage a business
venture along with any of its risks in
order to make a profit.
ENTREPRENEURIAL spirit is
characterized by innovation and risk-
taking, and is an essential part of a
nation’s ability to succeed in an ever
changing and increasingly
competitive global marketplace.
INNNOVATION - is defined as the
process of making an idea or invention
into a good or service that creates value
and/or for which customers will pay.

Product innovation involves

creating new products or improved
versions of existing products that
increase and improve their use.
Here are some creativity and innovation examples:

•The electronics company LG introduced a new type of

screen that is flexible enough to roll up like a newspaper.
This is one of the clearest invention and innovation
examples as it solves the problem of portability.
Here are some creativity and innovation example:

•The Ludlow Traveller suit is an innovation example

from J.Crew as it is made with rumple-proof technology
which means no wrinkles to your suit and ensures that it
always looks freshly ironed- a major time and effort saving
innovation.
Characteristics of the Entrepreneur

1. Motivation

Entrepreneurs are enthusiastic,

optimistic and future-oriented.

2. Creativity and Persuasiveness

Successful entrepreneurs have the

creative capacity to recognize and
pursue opportunities.
3. Versatility
Company workers can usually rely on a staff or colleagues to
provide service or support. As an entrepreneur, you’ll
typically start out as a “solopreneur,” meaning you will be on
your own for a while.

You may not have the luxury of hiring a support staff

initially. Therefore, you will end up wearing several different
hats, including secretary, bookkeeper and so on.

4. Superb Business Skills

Entrepreneurs are naturally capable of setting up

the internal systems, procedures and processes
necessary to operate a business.
5. Risk Tolerance

Launching any entrepreneurial venture is

risky.

6. Drive

As an entrepreneur, you are in the driver’s

seat, so you must be proactive in your
approaches to everything.
7. Vision

One of your responsibilities as founder and

head of your company is deciding where your
business should go.

That requires vision.

8. Flexibility and Open-Mindedness

While entrepreneurs need a steadfast vision

and direction, they will face a lot of
unknowns.
9. Decisiveness

As an entrepreneur, you won’t have room

for procrastination or indecision. Not only
will these traits stall progress, but they can
also cause you to miss crucial
opportunities that could move you toward
success.
Importance of Entrepreneurs
Entrepreneurs Create New Businesses

Based on 2014 figures provided by the

Philippine Statistics Authority (PSA), there are
946,988 establishments in the Philippines.
Entrepreneurs Add to National Income

Entrepreneurs Also Create Social Change

Community Development