ENTREPRENEURSHIP

May G. Peñaranda
 Entrepreneurship

a process in which individuals identify

opportunities, allocate resources, and create
values arising from identification of unmet
needs or opportunities for change.
THE GOOD ENTREPRENEUR

ENTREPRENEUR- is someone who owns or

manages a business enterprise. He/ She
leads the business he/she idealized and
accepts full responsibility for the outcome of
his/her business.
 PERSONAL ENTREPRENEURAL
COMPETENCIES:

These competencies are the characteristics

that every entrepreneur must possess. But
aside from merely having them, one must
continuously develop and improve these
competencies in order to achieve and
maintain success.
 PERSONAL ENTREPRENEURAL
COMPETENCIES:

1. Vigilance for opportunities

the ability to quickly act when an
opportunity for business arises.
Entrepreneurship is a competitive field, and
an entrepreneur must always be on the
watch for opportunities for growth and
improvement.
 PERSONAL ENTREPRENEURAL
COMPETENCIES:

2. Commitment to work contract

Values his/her reputation for
dependability and always delivers his/her
end of any commitment undertaken.
3. Persistence
Persevere during the times of setbacks or
missed chances leading to failure. He/she
must be committed to his/her goals and find
ways to overcome any and all problems.
 PERSONAL ENTREPRENEURAL
COMPETENCIES:

4. Willingness to take risks

Knows that business involves risks. It is by
these risks than an entrepreneur can truly
create better products and services.

5. Demand for efficiency and quality

A true entrepreneur does not settle for anything
but the best. He/she always aims to provide
goods and services that are of the best quality.
 
 PERSONAL ENTREPRENEURAL
COMPETENCIES:

6. Goal setting
Setting goals gives the entrepreneur a sense
of purpose and inspiration to make and
realize plans.
7. Information seeking
An entrepreneur must be familiar with the
current trends and new information related to
his/her business. This will be vital in his/her
quest to render services that will satisfy the
needs and wants of his/her customers.
 PERSONAL ENTREPRENEURAL
COMPETENCIES:

8. Systematic planning and monitoring

Detailed planning and careful evaluation of
the business venture will result in a
successful and progressive entrepreneurial
pursuit.
9. Persuasion and networking
An entrepreneur must have the ability to be
social in order to convincingly promote the
products or services he/ she is offering.
 PERSONAL ENTREPRENEURAL
COMPETENCIES:

10. Self-confidence
An entrepreneur shows confidence in his/her
business because he/she knows that it was
done to the best of his/ her ability and
capacity.
 “Entrepreneurship is very important. The
more entrepreneurs there are in our
country, the better the economy. To be a
successful entrepreneur, though, needs a lot
of knowledge, patience and hard work”
 CHARACTERISTICS OF AN
ENTREPRENEUR

Successful entrepreneurs have a common set

of characteristics that enable them to do well
in business. These characteristics include
the following:

1. Creativity
An entrepreneur comes up with creative
ways to improve his/her goods and services,
leading people to patronize his/her business.
 CHARACTERISTICS OF AN
ENTREPRENEUR

2. Self-control
A disciplined entrepreneur is able to focus on
his/her goal by not letting any weakness get in
the way of the business. He/she should avoid
bad working habits that affect the business
and adopt good ones
3. Self-confidence
An entrepreneur succeeds in business
because he/she believes in his/ her products
and abilities.
 CHARACTERISTICS OF AN
ENTREPRENEUR

4. Decision –making skills

An entrepreneur’s knowledge and experience
will help keep the business on the right path.
A good decision-maker makes decisions out
of pure instinct and careful analyses.
5. Desire for responsibility
An entrepreneur does not choose things that
are easy to get but also aims high, unafraid
of the responsibilities that go with them.
 CHARACTERISTICS OF AN
ENTREPRENEUR
6. High energy level
An enthusiastic entrepreneur has the will and the
energy to work, and has the ability to spread his/
her enthusiasm among everyone involved in the
business.
7. Courage
An entrepreneur should be brave in the face of
risks and challenges that entail the world of
entrepreneurship. He/ she views these as agents of
change and uses them to gauge the business’
strengths and weaknesses.
 CHARACTERISTICS OF AN
ENTREPRENEUR
8. Well-defined values
An entrepreneur should exude a good
reputation and must be defined by a set of
values and a strong moral and work ethic that
will help strengthen his/ her character.
9. Desire for immediate feedback
An entrepreneur maintains open communication
with consumers with regards to feedback on the
products or services. He/ she welcome
comments and suggestions and is open to
change for the improvement of the business.
 CHARACTERISTICS OF AN
ENTREPRENEUR

10. Strong desire to achieve

On the road to success, an entrepreneur
must set goals that will help him/ her fulfill
his/her main objective. He/ she should work
hard to accomplish these goals in order to
achieve greatness.
“All successful entrepreneurs share common
characteristics. These traits help them
overcome the many difficulties and
challenges one must face in order to
succeed.”
 
Some of the successful entrepreneurs in the
Philippines
Lucio Tan - is a
Chinese Filipino businessman
with interests in banking,
airline, liquor, tobacco and
real estate industries.
Some of the successful entrepreneurs in the
Philippines
John Robinson L. Gokongwei, Jr. Chinese Filipino
businessman with holdings in telecommunications,
financial services, petrochemicals, power
generation, aviation and live stock farming. As of
September 2014, Gokongwei is the fifth richest
entrepreneur in the Philippines, with a net worth of
over $5 billion,

 
Some of the successful entrepreneurs in the
Philippines

Henry Sy, Sr. is a Chinese Filipino

businessman with interests in retailing,
real estate, hospitality, banking, mining,
education including healthcare services.
He pioneered the establishment of SM
Malls, anchored by Shoemart Department
Store and Supermarket earning him the
title, the Philippines' Retail King. He is the
chairman of SM Prime Holdings, Inc., the
holding corporation for all his business
interests in his vast business empire. In
2011, Forbes Magazine listed him as the
richest man in the Philippines.
Some of the successful entrepreneurs in the
Philippines

Tony Tan Caktiong - is a Filipino

entrepreneur. He is the founder, chairman
and CEO of the Filipino fast food chain
Jollibee.

 
Some of the successful entrepreneurs in the
Philippines
Socorro C. Ramos is the matriarch of
National Bookstore, the Philippines’ leading
retailer of books, office supplies, and
greeting cards. In 1965, she and her
husband Jose set up a nine-story building
along Avenida Rizal which would be the
very first National Bookstore. What has
become the Ramos family business has not
stopped growing since, having opened
Powerbooks, a now popular specialty
bookstore, in 1996.