ENTREPRENEURSHIP

“IF YOU CAN DREAM IT, YOU CAN DO IT.”

-WALT DISNEY
Importance of Entrepreneurship
Education

1.Entrepreneurship is very important to our

economy as key driver.
2.Entrepreneurship education is an
individual lifelong learning process.
3.Entrepreneurship will energize school
management.
4.Entrepreneurship will transform learners
to be innovators.
SOCORRO RAMOS
3
TONY TAN CAKTIONG
4
LUCIO TAN 5
HENRY SY 6
JAIME AUGUSTO ZOBEL DE AYALA
7
CORAZON D. ONG
8
What is
ENTREPRENEURSHIP?
Is the process of designing, launching
and running a new business offering a
product or services.

It is also the capacity and willingness

to develop, organize and manage a
business venture along with any risks
in order to make a profit.
10
Who is an entrepreneur?

Someone who creates and runs the

business.
12
What are Core Competencies?
 Core competencies are the main strengths
or strategic advantages of a business,
including the combination of pooled
knowledge and technical capacities that
allow a business to be competitive in the
marketplace.

13
14
1.Hard working- working diligently and
industriously
2.Self-confident- to succeed, one must
believe in one's self
3.Profit-oriented- interest in money
generation
4.Goal-oriented-Ability to set realistic
targets
5.Persistent-being patient and strive to
achieve the goal
6.Responds to feedback- obtaining
useful feedback and advise from
others.
7.Willing to listen- Being able to listen
to the advise of others
8.Commited- A major priority in the
entrepreneur's life
9.Risk-taker- Ability to take measured
or calculated risk
 August
Building a Business Plan 17
2010
18
19
20
21
23
24
25
 What is a
Business Plan?
 Business Plan

 isa written document that defines the

goals of your business and describes
how you will attain those goals.
 IDENTIFY AND ANALYZE THE EXISTING
PROBLEMS AND
NEEDS IN THE COMMUNITY WHERE THERE ARE
BUSINESS OPPORTUNITIES
How to identify the needs of the community?

 ENVIRONMENTAL SCANNING
 Isany of the various This can be done
techniques through through:
 interviews
which images/informa
 Sharing ideas
tion are recorded
 Reading
or gathered from
 Observation
conditions, situation
 Advertisement
and materials in the
particular environment
THE BUSINESS CONCEPT AND
THE BUSINESS MODEL
BUSINESS CONCEPT

 Contains the essence of the enterprise

in a concise but powerful manner. It
stresses the value of the product
offering the target customers who
would most likely to buy it.
BUSINESS MODEL

 is a formula on how the enterprise

exactly plans to make money out of
the business.
Preparing yourself
ANALYSE YOUR BUSINESS IDEA
Some questions to consider are:

What product/service will you provide?

Is your idea viable?
Is there a market for your product/service?
What skills do you need?
Who are your competitors?
What difference will you bring to the market?
Do you have the financial capacity to start a business?
33
Preparing yourself

Analyse yourself
Examine these questions:

Why are you starting a business?

What are your business and personal goals?
What are your skills?
What income do you need to generate?
What are the advantages and
disadvantages of starting your own business?
34
 Format of a Business Plan
 Section 1 Executive Summary
 Section 2 Personal Details
 Section 3 Business Plan
 The Problem
 Vision, Mission, Values
 Marketing Plan
 Production/Technical Plan
 Organizational Plan
 Operational Plan
 Section 4 Sustainability
 Financial Plan
 Social Impact
 Section 5 Sample Product
Section 1: Executive Summary
 contains everything that is relevant and
important to the business audience. It is a
synthesis of the entire plan.
 The Executive Summary section includes:
A first paragraph that introduces your business.
Your business name and location.
A brief explanation of customer needs and
your products or services.
The ways that the product or service meets

or exceeds the customer needs.

ENTERPRISE STRATEGY

 builds and develops the game plan for

attaining competitiveness.

ENTERPRISE DELIVERY SYSTEM

 theentire process of converting input

into output and these output into
outcomes.
Section 1: Executive Summary

Subsequent paragraphs that provide key

details about your business, including
projected sales and profits, unit sales,
profitability, and keys to success.
Visualsthat help the reader see important
information, including highlight charts,
market share projections, and customer
demand charts.
Section 2: Personal Details
Section 3: The Business Plan

3.1 THE PROBLEM

 A clear and concise description of the problem.
Identification of the needs to solve the problem.
Questions to Answer…
Who ? - would need it
What ? - is needed
When ? - is it needed
Where ? - is it needed
Why ? - is it needed
How Many ? - are needed
Section 3: The Business Plan
BUSINESS GOALS

Show the future and long-term

prospects of the enterprise.
Section 3: The Business Plan

3.2 VISION

itis a description or statement of

what the proponent sees if the
problem/need is solved.
Section 3: The Business Plan

Mission statement defines the long-

term goals of your business in three ways:
 What does your product or services do for
its customers? 
 What does your product/services do for its
employees or co-partner?
 What do you want from your business? 
Section 3: The Business Plan

3.2 Mission

it is a clear description of
goals and objectives that
presents practical steps to
achieve the vision
Section 3: The Business Plan

3.2 VALUES
it is a clear statement of
values critical to the
culture , integrity
and activities of the
business.
Section 3: The Business Plan
Values of the spa:
 “We will always treat our customers,
suppliers and fellow employees with honesty
courtesy and respect. Though we are the
experts in wellness and service provision,
we will always be willing to learn and
embrace the new as it supports our mission
and vision statements. Environmental
stewardship will be demonstrated from the
products we use and sell to the way we
power our spas and cleanly re-use/recycle
resources.”