 Entrepreneur

 Entrepreneurship
 Terms related to

Entrepreneurship
• Hx of
entrpreneurship
Entrepreneur
The word entrepreneur is French and,
literally translated, means ―between
taker or ―go-between.

- He or she is an individual who

actively form or lead their own
business and nurture them for growth
and prosperity.
 A person who creates and manages
change by the recognition of
opportunities (needs, wants,
opportunities, problems, and challenges)
and develops people and manages
resources to take advantage of the
resources to take the opportunity and
creates a venture (profitable business).
Entrepreneurship
 – Entrepreneurship is the process of creating
something new of value by devoting
(giving) the necessary time and effort.
 By accepting and acknowledging the
necessary financial, psychological, and
social risks, and
 Finally receiving the resulting rewards be it
monetary and personal satisfaction and
freedom to do what you want.
Terminologies of Entrepreneurship
 Business Failure – A business that
files bankruptcy and loses money for
creditors, the people who lent them
money, and their investors.
 Capital – The buildings, equipment,
tools, and other goods needed to
produce a product, or the money
used to purchase these items.
 Competition – Striving for the
same customer or market.
 Demand – The amount or quantity
of goods or services that
consumers are willing and able to
buy.
 Discontinuance – A business that is
operating under a new name or a
business that has been purposely
discontinued.
 Economics – The branch of social
science that deals with the production
and distribution and consumption of
goods and services and their
management.
 Elastic – When a small change in
price produces a large change in
demand.
 Enterprise Zones – Specially
designated areas of a community
that provide tax benefits to new
businesses locating there and grants
for new product development.
 Entrepreneur – One who organizes,
manages and assumes the risk of
business or enterprise.
 Entrepreneurial – The approach use
by an entrepreneur.
 Enterprise – A unit of economic
organization or activity specifically a
business organization.
 Free Enterprise System – An
economic system in which people
are free to operate their businesses
as they see fit, with little
government interference.
 Inelastic – When a small change in
price produces little or no effect on
the quantity demanded.
 Investment – The amount of money
one puts into a business as capital.
 Opportunity – An idea that has
commercial value.
 Profit – Money that is left after all
the expenses of running a business
have been deducted from the income.
 Scarcity – When wants are greater
than resources.
 Services – Intangible items that
have monetary value and satisfy
needs and wants.
 Start-up Resources – Resources an
entrepreneur needs to have when
starting a business, including
capital, skilled labor, management
expertise, legal and financial
advice, a facility, equipment, and
most importantly, customers.
 Venture – A business undertaking
involving risk.
Brief history of Entrepreneurship
Contents
Earliest Period
Middle Ages
17th Century

18th Century

19th Century &

20th Century
Earliest Period
Middle Ages
18 Century
th
19 and 20 Centuries
th th
10 Successful Cebuano Entrepreneurs
Thank you!