ENTREPRENEURSHIP

SHS Grade 12
ENTREPRENEURSHIP

 Is a proactive of developing a business venture

to make a profit.
 It involves seeking opportunities for a market,
establishing and operating a business out of
opportunity, and assessing its risk and
rewards through close monitoring of the
operations.
Economic Benefits of
Entrepreneurship in
Society
Economic Benefits of Entrepreneurship in society:

1. Entrepreneurship produces more jobs

that equate to an increase in national
income.

Millions of unemployed people will
have opportunities to have a decent
occupation.
Small businesses produce jobs and create
wealth.
Economic Benefits of Entrepreneurship in society:

2. Entrepreneurship amplifies economic

activities of different sectors of society.

 A simple eatery in a rural area and a coffee

shop in an urban area both ignite economic
activity regardless of their business scale.
Economic Benefits of Entrepreneurship in society:

3. Entrepreneurship introduces new and

innovative products and services


New products and services are always
available in the market because of the ingenuity
of
entrepreneurs to seek opportunities and
improve on them.
Economic Benefits of Entrepreneurship in society:

4. Entrepreneurship improves people’s

living standards.

How can you look good if not for the
services of your nearby salon or barber shop?
 How can you live without the sari-sari store near
your house where you buy basic needs?
Economic Benefits of Entrepreneurship in society:

5. Entrepreneurship disperses the

economic power and creates equality.

 It balances the economy by distributing

national income to more business rather than to
only few monopolies.
Economic Benefits of Entrepreneurship in society:

6. Entrepreneurship controls the local

wealth and balances regional
development.
 It make sure local resources are used properly
and that every area has an appropriate allocation
of resources
Economic Benefits of Entrepreneurship in society:

7. Entrepreneurship reduces social

conflicts and political unrest.


Imagine if there are no or only few sari-sari
store or supermarket stores in your area. All of
you will then fight for the food supplies because
the store cannot supply all your needs.
Economic Benefits of Entrepreneurship in society:

8. Entrepreneurship elicits economic

independence and capital formation.

A country with more entrepreneurs is highly
likely to become financially independent and will
less likely need the help of other countries. This
also applies to families, barangays, and cities.
 Entrepreneurship creates wealth instead of
borrowing wealth.
Who is the
Entrepreneur?
Who is the Entrepreneur?


The word “ Entrepreneur” has a
French origin and was coined from the
words
entre, which means “ between”, and
pendre, which means “to take”
An Entrepreneur

Is a unique individual who has the
innate ability and extraordinary
dedication to establish and manage a
business,
acknowledging all the risks and reaping its
rewards.
 Will only expect returns once he or she
already added or created value out of an
opportunity.
An Entrepreneur

One’s natural talent is being perceptive
for opportunities in his or her surroundings
that
normal people don’t give importance to or
often neglect.

 Leadership is the core of every

entrepreneur.
5 Levels of Entrepreneurial
Development:

1. The Self - employed

 They want to do things in their own way
and
start to feel agitated when controlled by the
powers- that – be.
5 Levels of Entrepreneurial Development:

2. The Manager

Entrepreneurs in this level feel the need to step
up and ask some help from others.
 They delegate and hire potential employees to do the
work.
5 Levels of Entrepreneurial Development:

3. The Leader

This level already enjoy seeing people
flourish, stepping up and producing great
results with minimal supervision.
 They now focus on the big picture and strategic
direction of their business rather than in
generating sales and operating the business.
5 Levels of Entrepreneurial Development:

4. The Investor

They look for more opportunities for
their business to grow.
 They will delegate a suitable manager for such
operations and will act as directors. When
this become successful, they will now become
true entrepreneur
5 Levels of Entrepreneurial Development:

5. The True Entrepreneur

 Aim for quality and excellence of their work.
 They have fully learned, and continue to practice,
a four step process thinking starting with:
 Idealization
 Visualization
 Verbalization
 Materialization
A FOUR STEP PROCESS THINKING OF ENTREPRENEUR
1. Idealization
 Entrepreneurs dream enormously and desire to
build an ideal environment.

2. Visualization
 Starts to create plans to make the dream a
reality.
A FOUR STEP PROCESS THINKING OF ENTREPRENEUR
3. Verbalization
 Involves sharing their ideas with other people,
knowing that their vision is already
occurring.
4. Materialization
 Happens win the vision becomes reality.
 True entrepreneur
 Have an income that keeps on multiplying even if
they do not put much effort.
OTHER TERMS TO DESCRIBE AN ENTREPRENEUR
1. TECHNOPRENEUR
 An entrepreneur who puts technology at the core
of his or her business model.
2. SOCIAL ENTREPRENEUR
 One who takes advantage of the country’s social
problems and turn them to profitable institutions
with the intention of helping the disadvantage
community rather than making a profit.
OTHER TERMS TO DESCRIBE AN ENTREPRENEUR

3. INTRAPRENEUR
 An entrepreneur in a large company or
corporation who is tasked to think,
establish, and run a new big idea or project.
 Usually the product managers or the business
development managers of a company.
4. EXTRAPRENEUR
 Who hops from one company to another to act as
the innovation champion, providing and efficient
solutions.
OTHER TERMS TO DESCRIBE AN ENTREPRENEUR

3. INTRAPRENEUR
 An entrepreneur in a large company or
corporation who is tasked to think,
establish, and run a new big idea or project.
 Usually the product managers or the business
development managers of a company.
4. EXTRAPRENEUR
 Who hops from one company to another to act as
the innovation champion, providing and efficient
solutions.
COMMON TRAITS THAT
ENTREPRENEURS SHOULD
ALWAYS HAVE
 COMMON TRAITS THAT ENTREPRENEURS SHOULD ALWAYS HAVE

1. PROACTIVE
 They ensure that proper research is done, the risk factors
are assessed, and plans are executed on a timely and most
efficient way.
2. AGENTS OF CHANGE
 They are always enthused to improve and develop new
products and services and introduce them to the
market.
3. RISK TAKERS
 They have take consideration the potential various threats
they may encounter, and if there is a big chance of
succeeding, they push through with the venture and don’t let
 COMMON TRAITS THAT ENTREPRENEURS SHOULD ALWAYS HAVE

4. HAVE A SHARP EYE FOR OPPORTUNITY

 They know how to assess the net cause and effect of an opportunity
and decide intelligently if a venture should be considered or not.

5. SOCIABLE
 Relationship management is the key for employee and
customer retention, which can be achieved by a sociable
entrepreneur.

6. NETWORKERS
 Knows the key people to connect with.
COMMON TRAITS THAT ENTREPRENEURS SHOULD ALWAYS HAVE

7. DECISIVE
 They do not leave an issue unsolved without disposition.
 They make sure that all aspects of their business have clear
objectives and strategies.
 They base their decisions on scientific calculations backed
up by their experience and technical knowledge.
 COMMON TRAITS THAT ENTREPRENEURS SHOULD ALWAYS HAVE

8. BALANCED
 They balance between analytical and the creative side
 Always playing with “unique ideas” that no one has ever
thougth of yet.
 Always have “EUREKA” moments and enjoy time.
(Eureka moment definition is - a moment of sudden, triumphant discovery, inspiration, or insight.)

9. INNOVATIVE
 Do not stop improving and thinking of new and worthwhile
ideas for their business.
CORE TRAITS THAT
ENTREPRENEURS SHOULD
DEVELOP IN MANAGING AND
RUNNING THE BUSINESS
CORE TRAITS THAT ENTREPRENEURS SHOULD DEVELOP IN MANAGING AND RUNNING THE BUSINESS

1. LEADERS
 They must be a source of inspiration for their
employees.
 Act on their responsibilities that were given
to them.
 Use their strengths and limitations to make the best of
a situation.
 Decisive and know ho to own up their decision
 Know how to unite the team and bring out the best in
every employee.
 CORE TRAITS THAT ENTREPRENEURS SHOULD DEVELOP IN MANAGING AND RUNNING THE BUSINESS

2. COMMUNICATORS
 Know how to use all forms of communication to effectively
share ideas and address certain concerns with their
customers of employees.
3. SPECIALIST
 Tactical and are very keen with details
 Can easily answer about their product without relying on
their people.
 Innovating and improving the product or service offerings
because they know their intricacies.
 Being in action instead of being behind the scenes.
CORE TRAITS THAT ENTREPRENEURS SHOULD DEVELOP IN MANAGING AND RUNNING THE BUSINESS

4. PROBLEM SOLVERS
 Possess critical thinking skill and look at problems as
challenge or puzzle that they need to solve.
 Know how to handle issues in any areas of the
business.
 Have faith that every problem has a solution no
matter how hard it is.
 Courageous and know how to face consequences of
their decisions.
Pros and Cons of
Entrepreneurshi
p vs.
Employment
IMPORTANT CAREER
ENTREPRENEUR FACTORS
1. Income • Income generated passively even
when the entrepreneur is
resting
• Opportunity income unlimited
• Income only entered when the
business is successful
2. Hiring and • Provides jobs
Firing, • Fully responsible for serving
Organization customers, making the business
al Setup, and profitable/sustainable, and providing
Major Key employee satisfaction
Results Areas • Has the power to disengage
nonperforming employees applying
the due process policy of disengaging
personnel
• Can venture to expansion such as
franchising and buying other similar
businesses.
EMPLOYEE
• Income generated actively (i.e.,on
working hours only; no work- no pay)
• Income usually fixed per month and
increases every year depending on the
employer and the employee’s
performance
• Income earned whether the business is
successful or unsuccessful
• Seeks for a job.
• Has the goal of satisfying only the
employer or the direct supervisor
• Fully dependent on the employer’s
performance; is at risk of losing his her
job if the company does not perform
well
• Can only work for the current
employer
exclusively
Pros and Cons of Entrepreneurship vs. Employment

IMPORTANT ENTREPRENEUR CAREER EMPLOYEE

FACTORS
3. Daily Task • Performs all necessary variable • Has routine tasks and works on
task to establish and manage a regular or normal hours
startup business; spend more • Follows policies, procedures and
hours on work than a regular memoranda from the employer
employee and sometimes gets no
sleep
• Prepares policies, procedures,
and
memoranda for businesses.
4. Leisure Time • Has a flexible schedule and can • Has limited number of vacation days
and Vacations take unlimited number of vacation imposed by the employer
days (applicable only if the
business has stabilized already)
CAREE
R IN
ENTRE
PRENE
URSHIP
CAREER IN ENTREPRENEURSHIP

Entrepreneurship consist of vast career options

depending on the passion and field of interest
of the entrepreneur. The saying “ When you
love what you do, it’s as you are not working” is
very much applicable to entrepreneurs who
consider managing their business as enjoyment
rather than working exhaustively.
 SOME OF THE MOST COMMON SMALL BUSINESS IN
THE PHILIPPINES

Sari-sari Store Food cart business

Rice retailing Flea markets or
Cellphone loading tiangge
business Online selling
Bakeries business
CAREER IN ENTREPRENEURSHIP

No successful business started huge right away.

A business starts with idea.
Once the business is establish, the business
owner, the entrepreneur, can choose to
franchising, intrapreneurship and acquisition.
CAREER IN ENTREPRENEURSHIP

1. FRANCHISING
 Is a business arrangement wherein the
franchisor acquires distribution centers through
the franchises or the affiliated dealers.
 Franchisor, the one who is the owner of the
business
CAREER IN ENTREPRENEURSHIP

2. INTRAPRENEURSHIP
 Managing a startup business in an
established business
3. ACQUISITION
 Buying another similar business or a new
business.
 FRANCHISE OR STARTUP BUSINESS

Entrepreneur Philippines’ franchise business options in the

Philippines
 Bakeries, bakeshops and bread
product
 Bars , cafes and coffee shops
 Beverage and confectionery
 Car care
 Clothing and Accessories
 Convenience Store
 Drug Stores and Pharmacies
 Fast food establishments and
restaurant
 Food and snack carts
 Gas stations/ petroleum products
 General Merchandise and retails
 Health and wellness (salon,
massage, spa and gym
 Schools
 Services (personal and business)
 Water Stations
Other Additional Business Opportunities

Dealership
Direct Selling
Distributorship
Essay:
What are the three business that
you think will be most
successful at?

 Why do you say so?

 TASK
:
 Choose three (3) successful entrepreneurs from
different fields that you know of and are engaged in
common small and franchise businesses enumerated
previously.
 Your goal is to understand the mindset of established
entrepreneurs by playing the role of an interviewer.
 Ask these three chosen entrepreneurs the following
questions using the interview method of research:

Go To Next Slide Please

TASK
:1. What motivated you to become an entrepreneur?
2. What do you think are your characteristics and competencies that made you a
successful entrepreneur?
3. Aside from the business that you have, what other businesses are you interested
in?
4. What do you think of being employed? Why didn’t you choose that path?
5. Who are your top three entrepreneur role models? Why do you want to be like
them?
6. How much do you love your job?

Bear in mind the critical factors that led to the success of these entrepreneurs.
You will be graded based on the completeness, accuracy, and presentation of your interview
results.
Reference:

Diwa Senior High School Series:

Entrepreneurship