Entrepreneur’s

Resources to Transform
Ideas and Pursuit of
Knowledge
Younglin J. Hitutuane, MBA

Business and
Entrepreneurship Dept.
1. Know about the
business resources
and ideas for an
entrepreneur
2. Discuss about
entrepreneurship
ideas in action
Objectives
3. Identify the pursuit of Entrepreneur’s Resources to
knowledge Transform Idea and Pursuit of
requirements for Knowledge
2
entrepreneurs
Business and
Entrepreneurship Dept.
TREY
research
1. Pursue Passions and
Interests.
2. Build positive relationships
and reach out when
necessary.
3. Think About What Needs
Improvement in Your
Industry.
4. Keep an Open Mind.
5. Have Capacity for Growth.
6. Draw Inspiration from
Brands and Companies
Learnings from Launching a
You Respect.
7. Avoid Perpetual Planning. START UP BUSINESS
8. Don’t Let the Fear of
Failure Hold You Back.
3

Business and
Entrepreneurship Dept.
TREY
research
Add a footer TREY 4
research
The benefits of being
an entrepreneur are
being one’s own boss
and having the
freedom and flexibility
Become an
to directly handle
problems
and be creative.
ENTREPRENEUR
Business and
Entrepreneurship Dept.

TREY 5
research
Entrepreneurs occupy a
central position in a market
economy. For it is the
entrepreneurs
who serve as the spark plug
in the economy’s engine,
activating and stimulating
all economic activity. The
economic success of
nations worldwide is the
ENTREPRENEURS in a
result of encouraging
and rewarding the MARKET ECONOMY
entrepreneurial instinct.

Business and
Entrepreneurship Dept.

TREY 6
research
Add a footer TREY 7
research
 SUCCESS FACTORS
1. Money Management
2. Planning
3. Adaptation
ENTREPRENEUR
Business and
Entrepreneurship Dept.

TREY 8
research
Money is what keeps a
business venture afloat. It
is an essential part of
buying inventory, paying
employees, marketing the
business, buying or
repairing business tools
and paying his own salary.

A successful entrepreneur MONEY MANAGEMENT

knows how to manage his
money. SUCCESS FACTORS
Business and
Entrepreneurship Dept.

TREY 9
research
Planning is essential to starting
and running a successful
business. From the early
stages -market research and
business plan writing-to later
stages-hiring, firing and
sustaining-a successful
entrepreneur
must think ahead, analyze
every single business decision
and constantly compile data. PLANNING
Another aspect of planning is
setting goals, outlining how to
SUCCESS FACTORS
achieve them and achieving
them.
Business and
Entrepreneurship Dept.

TREY 10
research
Add a footer TREY 11
research
Adaptation is essential in an
entrepreneur’s success.
ADAPTATION
This essential factor comes in
several different forms and is
vital to the beginning and life SUCCESS FACTORS
of a new company.
Business and
Entrepreneurship Dept.

TREY 12
research
 ZOOM / GOOGLE MEET
VIDEO CONFERENCING
Graded Oral Recitation:
WHAT SUCCESS FACTOR IS THE
MOST CHALLENGING FOR YOU?

Jack Ma Andrew Carnegie

VS. VS.
Colin Huang John D. Rockefeller

TREY
research
Business plan is an integral
part of the management of a
financial institution.
BUSINESS PLAN
It should build the institution’s
aims and objectives. It is a
documented conclusion of ENTREPRENEURS
how the business will create its
resources to achieve its goals
Business and
and how the institution will Entrepreneurship Dept.
evaluate progress. TREY 14
research
Operations management
refers to running the day-to-
day operations of a given
business. It can differ
dramatically depending on the OPERATIONS MANAGEMENT
type of business being run and
the operations undertaken.
Such management can also be ENTREPRENEURS
performed by in-house
employees or can be
Business and
outsourced, depending on the Entrepreneurship Dept.
circumstances. TREY 15
research
Generally, the most complex
types of operations management
exist in the manufacturing
industry. When goods are
manufactured, a lot of different
steps go into the operation of
the plant or company
doing the manufacturing. For
example, parts must be ordered
and purchased and delivered to OPERATIONS MANAGEMENT
employees; employees must be
hired, trained and supervised;
and goods must be packaged
and shipped or distributed to
ENTREPRENEURS
resellers or end users.
Business and
Entrepreneurship Dept.

TREY 16
research
Add a footer TREY 17
research
Within manufacturing,
operations management involves
taking care of all of these
individual steps. The manager of
operations may also take
measures to institute cost
control procedures or to
improve system efficiency using
systems analysis.

Techniques such as total quality

management, which involve
OPERATIONS MANAGEMENT
focusing on ensuring quality at
each step of the production
process, are used in order to
ENTREPRENEURS
successfully manage such large
and complex processes.
Business and
Entrepreneurship Dept.

TREY 18
research
Add a footer TREY 19
research
In other environments, operations
management takes on a very
different meaning. In a law office, for
example, management may primarily
relate to hiring and overseeing
support personnel for attorneys. An
office manager may be hired to
ensure that paralegals, legal
secretaries and clerks and other
support staff are available. Other
duties of an operations manager
may include ordering office supplies
and/or contracting with telephone OPERATIONS MANAGEMENT
service providers, Internet service
providers, technicians for copy
machines and other personnel and
services necessary to keep an office
ENTREPRENEURS
running smoothly.

Business and
Entrepreneurship Dept.

TREY 20
research
Add a footer TREY 21
research
Human resource management
(HRM) is based in the efficient
utilization by an entrepreneur
to achieve two main goals
within an organization.

The first is to effectively make HUMAN RESOURCE

use of the talents and abilities
of each employee to meet the
MANAGEMENT
operational objectives that
are the ultimate aim of the ENTREPRENEURS
organization. And the second
is ensuring the company
Business and
complies with applicable labor Entrepreneurship Dept.
laws. TREY 22
research
Risk management is a logical
process or approach that seeks
to eliminate or at least minimize
the level of risk associated with
a business operation.

Essentially, the process

identifies any type of situation
that could result in damage to
any resource within the RISK MANAGEMENT
possession of the company
including personnel, then take
steps to correct factors that are ENTREPRENEURS
highly likely to result in that
damage.
Business and
Entrepreneurship Dept.
TREY 23
research
1. Strategic Risk TYPES OF RISKS
2. Compliance Risk
3.
4.
Operational Risk
Financial Risk BUSINESS RISKS
5. Reputational Risk

Business and
Entrepreneurship Dept.
TREY 24
research
Everyone knows that a successful
business needs a comprehensive, well-
thought-out business plan. But it’s also
a fact of life that things change, and
your best-laid plans can sometimes
come to look very outdated, very
quickly.

This is strategic risk. It’s the risk that

STRATEGIC RISK
your company’s strategy becomes less
effective and your company struggles
to reach its goals as a result. It could
be due to technological changes, a
BUSINESS RISK
powerful new competitor entering the
market, shifts in customer demand,
Business and
spikes in the costs of raw materials, or Entrepreneurship Dept.
any number of other large-scale
changes.
TREY 25
research
Are you complying with all the
necessary laws and regulations
that apply to your business?

But laws change all the time, and

there’s always a risk that you’ll face
additional regulations in the future. COMPLIANCE RISK
And as your own business expands,
you might find yourself needing to
comply with new rules that didn’t
apply to you before.
BUSINESS RISK
Business and
Entrepreneurship Dept.
TREY 26
research
Operational risk refers to an
unexpected failure in your
company’s day-to-day operations.
It could be a technical failure, like a
server outage, or it could be
caused by your people or
processes.
OPERATIONAL RISK
In some cases, operational risk can
also stem from events outside your
BUSINESS RISK
control, such as a natural disaster,
or a power cut, or a problem with
your website host.  Anything that Business and
Entrepreneurship Dept.
interrupts your company’s core
operations comes under the TREY 27
research
Most categories of risk have a
financial impact, in terms of extra
costs or lost revenue. But the
FINANCIAL RISK
category of financial risk refers
specifically to the money flowing in
and out of your business, and the BUSINESS RISK
possibility of a sudden financial
loss.
Business and
Entrepreneurship Dept.
TREY 28
research
If your reputation is damaged,
you’ll see an immediate loss of
revenue, as customers become
wary of doing business with you.
But there are other effects, too.
Your employees may get
demoralized and even decide to
leave. You may find it hard to hire
good replacements, as potential
candidates have heard about your
bad reputation and don’t want to
join your firm. Suppliers may start REPUTATIONAL RISK
to offer you less favorable terms.
Advertisers, sponsors or other
partners may decide that they no
longer want to be associated with
BUSINESS RISK
you.

Business and
Entrepreneurship Dept.

TREY 29
research
Add a footer TREY 30
research
 FORUM ACTIVITY

BUSINESS IDEAS THAT 20 POINTS

ALMOST NEVER GOT OFF 3 ATTEMPTS

THE GROUND BUT AVAILABILITY

BECAUSE OF THE 3524 – day, Oct. , 2020 - p.m. up to day,

Oct. ,2020 – p.m.
FOUNDER’S PERSISTENCE 3525 – day, Oct. , 2020 - p.m. up to day,
TURNED OUT TO BE A Oct. ,2020 – p.m.
GIANT LEAP FOR 3527 – day, Oct. , 2020 - p.m. up to day,
CIVILIZATION Oct. ,2020 – p.m.
Add a footer 3528 – day, Oct. , 2020 - p.m. upTREY
to day,
31
Oct. ,2020 – p.m. research
 ThankYou
Younglin J. Hitutuane, MBA

Business and Entrepreneurship

Business and
Entrepreneurship Dept.

TREY 32
research