ENTREPRENEURS

HIP
WHY ARE WE
TAKING THIS
SUBJECT?
Unit I – DEVELOPING A BUSINESS PLAN
1. Overview of Entrepreneurship
2. Recognizing the Potential Market
3. The Marketing Plan
4. Product Development, Operations, and
Financial Plan
Unit II – IMPLEMENTING A BUSINESS PLAN
5. Implementation of Marketing Plans
6. Implementation of Business Operations Plan
7. Financial Statement Analysis and Overall
Interpretation of Business Results
 WHAT IS
ENTREPRENEURS
HIP?
ENTREPRENEURSHIP
Is a proactive process of business
venture to make a profit. It involves;
(a) seeking potential market
(b) establishing and operating a
business and
(c) close monitoring of operations.
 SUCCESSFUL
ENTREPRENEUR
SOUND BUSINESS PLAN
+
EFFICIENT AND
EFFECTIVE BUSINESS
OPERATION
 SUCCESSFUL
ENTREPRENEUR
REGULAR CUSTOMERS
+
CONSISTENT
FINANCIAL GAIN
 SUCCESSFUL
ENTREPRENEUR

 TO MAINTAIN
BUSINESS
 TO EXPAND BUSINESS
ASSIGNMENT
ZXX
What are the benefits of
entrepreneurship? Explain each.
½ crosswise
THE SOCIAL AND
ECONOMIC
BENEFITS OF
ENTREPRENEURS
HIP
1. Entrepreneurship produces
more jobs that equate to an
increase in national income.
2. Entrepreneurship amplifies
economic activities of
different sectors of society.
3. Entrepreneurship introduces
new and innovative
products and services.
4. Entrepreneurship improves
people’s living standards.
5. Entrepreneurship disperses
economic power and creates
equality.
6. Entrepreneurship controls
the local wealth and balances
regional development.
7. Entrepreneurship reduces
social conflict and political
unrest.
ASSIGNMENT FOR THURSDAY
Search for a success
ZXX story of an
entrepreneur. Bring a photograph
of him/her. Prepare to narrate his/
her success story to the class.