ENTREPRENEUR

SHIP
 HELLO! I am Sir Neil!
I am here to provide you information about the subject Entrepreneurship.
If you have inquiries, you can DM me at https://m.me/alvarado.noriel

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Overview of
Entrepreneurship
Relevance of Entrepreneurship in general.

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Entrepreneurship is living a few years
of your life like most people won’t, so
that you can spend the rest of your life
like most people can’t.

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Objectives:

◉To understand the definition of

entrepreneurship; and
◉To enumerate the societal and
economic benefits of entrepreneurship

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 What is
Entrepreneurship?

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What is Entrepreneurship?
◉ The word “entrepreneur” was derived from the
French verb “enterprendre”,which means “to
undertake” This is pinpointing to those who
“undertake” the risk of enterprise. The enterprise
is created by an entrepreneur and the process is
called “Entrepreneurship.”

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What is Entrepreneurship?
◉ Entrepreneurship is a proactive process of
developing a business venture to make a profit. It
involves seeking opportunities for a market,
establishing and operating a business out of the
opportunity, and assessing its risks and rewards
through close monitoring of the operations.

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 Societal and Economic
Benefits of Entrepreneurship

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◉ Entrepreneurship produces more job that equate to an increase in national
income. Millions of unemployed will have the opportunities to have a decent
occupation. Small business produce jobs and create wealth.
◉ Entrepreneurship amplifies economic activities of different sectors of society. A
simple eatery in a rural area and a coffee shop in an urban area both ignite
economic activity regardless of their business scale.
◉ Entrepreneurship introduces new and innovative products and services. New
products and services are always available in the market because of the
ingenuity of entrepreneurs to seek opportunities and improve them.
◉ Entrepreneurship improves people’s living standard. How can you look good if
not for the services of your nearby salon or barber shop? How can your day be
complete without the food that a nearby eatery cooks?

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◉ Entrepreneurship disperses the economic power and creates equality. It balances
the economy by distributing national income to more business rather than to only
few monopolies.
◉ Entrepreneurship reduces social conflict and political unrest. Imagine if there are no
or only few sari-sari or supermarket stores in your area. All of you will then fight for
the food supplies because the store cannot supply all your needs.
◉ Entrepreneurship controls the local wealth and balances regional development. It
makes sure local resources are used properly and that every area has an appropriate
allocation of resources.
◉ Entrepreneurship elicits economic independence and capital information. A country
with more entrepreneurs is highly to become financially independent and will less
likely need the help of other countries. This also applies to families, barangays, and
cities. Entrepreneurship creates wealth instead of borrowing wealth.

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 References

◉ Outcome-based learning module in Entrepreneurship

◉ Entrepreneurship by Dr. Eduardo A. Morato, Jr.

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