Entrepreneurship

Success
Dreams Possessions
Accomplishments Satisfaction
Career Titles
Education Connections
Awards and Fame
Recognition Family
Financial stability Happiness
Travel
Common Filipino Thinking

Employment
Education Success
/ abroad
Reality
• Frustrations • Trials
• Doubts • Disappointments
• Challenges • Embarrassment
• Insecurities • Judgments
• Failures • Wrong people
• Repetitions • Self pity
One path of Success:

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.
 Do something
TODAY
that your future self
will thank you for.
Entrepreneurship 101
• Developing a unique venture for the basic
purpose of having profit.
• Seeking opportunities within people and the
environment.
• Establishing a secured business opportunity.
• Assessing risks and rewards through close
monitoring.
Entrepreneurship Facts
• Produces more jobs that equate to an increase in
national income.
• Amplifies economic activities of different sectors
of society.
• Introduces new and innovative products and
services.
• Improves people’s living standards.
Entrepreneurship Facts
• Disperses the economic power and creates
equality.
• Controls the local wealth and balances regional
development.
• Reduces social conflicts and political unrest.
• Elicits economic independence and capital
formation
Entrepreneurship
Entrepreneurship is hard but
with the right mindset,
entrepreneurship is a path for
us to attain success!
Entrepreneurial
• A skill that is linking a man
from an entrepreneur
▫ Innovative and
creative
▫ Self- motivated
▫ Takes initiative
▫ Flexible and adaptable
▫ Assertive
▫ Decisive
▫ Growth-oriented
▫ Opportunity-driven
▫ Active and dynamic
▫ Implementation-
focused
▫ Productive in an
unstructured
environment
▫ Value-driven
▫ People- and team-
focused
Entrepreneurs
• People who posses the entrepreneurial skills and
put them into practice.
• The set of skills people posses can manifest in all
kinds of combinations and degrees. Everyone
has at least some of these characteristics, but not
everyone can be entrepreneurs.
The Entrepreneurial Focus
• The focus of entrepreneurs is on opportunity
and results. It asks:
▫ Where is the opportunity?
▫ How do I capitalize on it?
▫ How quickly can I act?
▫ What resources do I need?
▫ How do I access those resources?
▫ How can I do more with less?
▫ Where do I want to be in the end?
Levels of entrepreneurial development

• The self-employed
• The manager
• The leader
• The investor
• The true entrepreneur
The Self-Employed Entrepreneurs
• Do not want routinary job
• Do not want to conform with fixed work
schedules
• Do things their way and not other’s way
• Self-reliant and independent
• Extremely decisive
• Exhausted
• They work for business- instead of business
working for them.
The Managers
• Seek help from others
• Delegate and leverage
• Quantity- oriented
• Frustrated
• Manage the but not lead
The leaders
• Enjoy seeing people develop
• Growth- oriented
• Enjoy minimal supervision
• More free and have personal time for themselves
• Enjoy having leaders in their organization
• See things in a bigger perspective
• Strategize long-term goals
• Do not concern in sales in general
• Invest to more ventures
The Investor- Entrepreneurs
• Look for more opportunities
• Purchase businesses/ investment that add value
to the organization
• Sell mother business (as franchise)
• Delegate proficient and loyal managers and
leaders to the business/es
The True Entrepreneurs
• Aim for quality and excellence in their work
• Fully learned and continue to practice the four-
step process of thinking- Idealization,
Visualization, Verbalization, and Materialization
• Have stable flow of income that keeps on
multiplying
Administrative:
the other way around
• Not all able-people will be in the world of
enterprise. Some will be employed and some will
continue selling their skills (still entrepreneur though).
• They are:
▫ Risk averse
▫ Threatened by change/ unknown
▫ Safe-takers
▫ Process-driven
▫ Cautious and psychocentric
▫ Control- motivated
Fact:
• In the study conducted by Prof. Barbara
Sahakian from Cambridge University, still more
than half of the millennial tend to be more
administrative rather than entrepreneurial.
The sad reality of the
Entrepreneurial Mind
• Not all mindset are ready to be involved in
businesses.

• Reason?
• Laziness and Fear of Failure…
“We are all enrolled in a full-
time information school called
life. Each day in this school,
we have the opportunity to
learn lessons”
Activity:
• Do you think you are entrepreneurial? If not, or
if you are not sure, do you want to be one? What
might you do to make it happen? Elaborate your
answer.

• When you look around, what can you observe as

business opportunities? What and why do you
think they are opportunities? Do you see a path
to capturing profit in them?
Activity:

• Choose your own Filipino entrepreneur. Discuss

his/her profile and history of success.
Activity: Start-up, Entrepreneurs!!!