OVERVIEW OF

ENTREPRENEURSHIP
ENTREPRENEURSHIP
1. PROACTIVE
2. AGENTS OF CHANGE
3. RISK TAKERS
4. HAVE A SHARP EYE FOR OPPORTUNITIES
5. SOCIABLE
6. NETWORKERS
7. DECISIVE
8. BALANCED
9. INNOVATIVE
 CORE TRAITS THAT ENTREPRENEURS SHOULD
DEVELOP
1. LEADERS
2. COMMUNICATORS
3. SPECIALISTS
4. PROBLEM SOLVERS
 Leader Specialist

Entrepreneur

Communicator Problem Solver

ENTREPRENEURSHIP OR EMPLOYMENT?
ENTREPRENEURSHIP OR EMPLOYMENT?
Important Career Entrepreneur Employee
Factors
1. Income Income generated No work = No pay
passively even
when the
entrepreneur is
resting.
ENTREPRENEURSHIP OR EMPLOYMENT?
Important Career Entrepreneur Employee
Factors
2. Hiring and firing Provides jobs; is Seeks for job
the owner of the
business and
conducts the talent
selection.
ENTREPRENEURSHIP OR EMPLOYMENT?
Important Career Entrepreneur Employee
Factors
3. Daily Task Prepares policies, Follows policies,
procedures, and and procedures.
memoranda for the
business.
ENTREPRENEURSHIP OR EMPLOYMENT?
Important Career Entrepreneur Employee
Factors
4. Leisure time and Has a flexible Has a limited
vacations schedule and can number of vacation
take unlimited days imposed by
number of vacation the employer.
days.
ENTREPRENEURSHIP OR EMPLOYMENT?
Important Career Entrepreneur Employee
Factors
5. Taxation Taxed on the net Taxed on the gross
income; can claim income
taxable income
deductions for
allowable
expenses incurred
by the business.
ENTREPRENEURSHIP OR EMPLOYMENT?
Important Career Entrepreneur Employee
Factors
6. Comfort level at Comfortable in Maybe comfortable
work doing multiple and with routines and
challenging tasks. minimal risks.
Does not want to be Comfortable in
confine in a box working for the
company.
SEATWORK TIME!

IDENTIFY WHICH AMONG THE FOLLOWING DESCRIPTIONS REFER

TO ENTREPRENEURS AND WHICH REFER TO EMPLOYEES. ON THE
BLANKS, WRITE EN FOR ENTREPRENEUR AND EM FOR EMPLOYEE.
_____1. INCOME IS EARNED WHETHER THE
BUSINESS IS SUCCESSFUL OR UNSUCCESSFUL.
_____2. HE/SHE IS USUALLY COMFORTABLE WITH
ROUTINES AND MINIMAL RISKS.
_____3. HE/SHE IS FULLY RESPONSIBLE FOR
SERVING COSTUMERS, MAKING THE BUSINESS
PROFITABLE/SUSTAINABLE, AND PROVIDING
EMPLOYEE SATISFACTION.
_____4. HE/SHE PREPARES POLICIES, PROCEDURES, AND
MEMORANDA FOR THE BUSINESS.
_____5. HE/SHE IS FULLY DEPENDENT ON THE
EMPLOYER’S PERFORMANCE. IF THE COMPANY DOES
NOT PERFORM WELL, HE /SHE IS AT RISK OF BECOMING
JOBLESS.
_____6.HE/SHE IS COMFORTABLE IN DOING MULTIPLE
AND CHALLENGING TASKS AND TAKES ACCOUNTABILITY
WITH THE RISKS AND PROFITS OF THE BUSINESS.
_____7. INCOME IS GENERATED ON WORKING HOURS
ONLY.
_____8. HE/SHE HAS A FLEXIBLE SCHEDULE AND CAN
TAKE AN UNLIMITED NUMBER OF VACATION DAYS.
_____9. HE/SHE IS TAXED ON THE GROSS INCOME.
EXPENSES INCURRED RELATED TO THE JOB SUCH AS
FOOD AND TRANSPORTATION EXPENSES CANNOT BE
USED TO CLAIM FOR DEDUCTIONS FROM TAXABLE
INCOME.
_____10. HE/SHE HAS THE POWER TO DISENGAGE
NONPERFORMING EMPLOYEES, APPLYING THE
DUE PROCESS POLICY OF DISENGAGING
PERSONNEL.