Introduction to

Entrepreneurship
Stephen B. Manongsong, LPT, MBA.
Objective
 Understand the relevance of the course
Entrepreneurship
 Explain the key concepts of common

competencies
 Explain the core competencies of

entrepreneurship
 Explore job opportunities for

Entrepreneurship as a career
Topic outline
Introduction to Entrepreneurship
-What is Entrepreneurship
Definition: Entrepreneurship
Entrepreneur
-Characteristic of an Entrepreneur
-What are the common and core
competencies of Entrepreneurship
-Career opportunities of Entrepreneurship
Motivation
What is Entrepreneurship
Retrieved via: www.youtube.com
Entrepreneurship
Can be describe as a process of action
an entrepreneur undertakes to establish
his enterprise. Entrepreneurship is a
creative activity. It is the ability to
create and build something from
practically nothing. It is an attitude of
mind to seek opportunities, take
calculated risk and derived benefits by
setting up a venture. It involved in
conception, creation and running an
enterprise.
Entrepreneur
“one who undertakes an
enterprise, especially a
contractor- acting as
intermediary between capital
and labor” –Oxford Dictionary
Characteristic of an Intrepreneur

MENTAL ABILITY
-Entrep must have creative
thinking and must be able to
analyze problems and
situations. He should be able to
anticipate changes
DIFFERENCES
ENTREPRENEUR ENTREPRENEURSHIP

• PERSON • PROCESS
• VISUALIZER • VISION
• CREATOR • CREATION
• ORGANIZER • ORGANIZATION
• INNOVATOR • INNOVATION
• PLANNER • PLANNING
Characteristic of an Entrepreneur

BUSINESS SECRECY
-He should his business
secret from his
competitors
Characteristic of an Entrepreneur

CLEAR OBJECTIVES
- He must have clear
objectives as to the exact
nature of business or the
nature of goods to be
produced.
Characteristic of an Entrepreneur

HUMAN RELATIONs
- He must maintain good
relation with his costumers,
employees etc,. To maintain
good relationship he should
have emotional stability,
personal relations and
considerations.
Characteristic of an Entrepreneur

COMMUNICATION ABILITY
- He should have good
communication skills means
both the sender and the
receiver should understand
each others message
Characteristic of an Entrepreneur

TECHNICAL KNOWLEDGE
-an Entrep should have
sufficient technical knowledge
Personal Characteristic of an
ENTREPRENEUR
 LONG TERM INVOLVEMENT
 MOTIVATOR
 RISK TAKER
 INITIATIVE
 HIGH ENERGY LEVEL
 GOAL SETTER
 SELF CONFIDENCE
COMMON AND CORE COMPETENCIES OF
ENTREPRENEURSHIP
a. DEVELOPING A BUSINESS PLAN
 MARKET
 KEY CONCEPTS OF THE MARKET
 PLAYERS IN THE MARKET

(COMPETITORS)
 PRODUCTS AND SERVICES AVAILABLE

IN THE MARKET
b. IMPLEMENTING A SIMPLE BUSINESS
WHY BE AN ENTREPRENEUR?
The biggest reward of becoming an
entrepreneur is the personal
satisfaction that comes from
having the freedom to make your
own business decision and then act
on them.
WHY BE AN ENTREPRENEUR?
1.MAKING YOUR OWN RULES
When you own a business, you
get to be your own boss.
WHY BE AN ENTREPRENEUR?
2. DOING WORK YOU ENJOY
Since the majority of
people’s lives is spent
working why not spent that
time doing something you
enjoy
WHY BE AN ENTREPRENEUR?
3.CREATING GREATER WORK
There’s no limit to what an
enterpreneur can make.
WHY BE AN ENTREPRENEUR?
4.HELPING YOUR
COMMUNITY
Being an entrepreneur lets
you make your community
and a world a better place.
Formative assessment
 What is the difference between
Entrepreneur and Businessman
 Give atleast five successful

entrepreneur and their

business venture.
References
 www.youtube.com
 www.scribd.com
 Entrepreneurship:owning your future 11th
edition 2010 Pearson Higher Education
 SHS_applied_Entrepreneurship_CurriculumGui

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