Lesson 01 - Introduction To Entrepreneurship

IMMACULATE CONCEPTION SCHOOL OF MALOLOS -
SENIOR HIGH SCHOOL

AY 2022 - 2023
INTRODUCTION to
ENTREPRENEURSHIP
JENIFER CHO
G12 STEM SJPII & SJXXIIII
OPENING PRAYER
OBJECTIVES
• Define entrepreneur and entrepreneurship;
• Explain the context of small and medium-scale
industries;
• Demonstrate the role of entrepreneurs in the
economy;
• Identify entrepreneurial competencies; and,
• Discuss the different theories on entrepreneurship.
ENTREPRENEURIAL
SELF-TEST
YES III X3 9
=
MAYBE II X2 4
=
NO I X1 1
=
TOTAL SCORE: 14
ENTREPRENEURIAL SELF-TEST
Direction:
Answer each question with
YES, MAYBE and NO
• I am persistent.
• When I am interested in a project, I
need less sleep.
• When there is something, I want,
I keep my goal clearly in mind.
Questions 1 of 8
• I examine mistakes and learn from

them.
• I keep New Year’s Resolution.
• I have a strong personal need to
succeed.
Questions 2 of 8
• If something cannot be done, I find a

way.
• If something cannot be done, I find a
way.
• I see problems as challenges.
Questions 3 of 8
• I examine mistakes and learn from

them.
• I keep New Year’s Resolution.
• I have a strong personal need to
succeed.
Questions 4 of 8
• I take chances.
• I will gamble on a good idea even if it
is not sure thing.
• To learn something new, I explore
unfamiliar objects.
Questions 5 of 8
• I can recover from emotional
setbacks.
• I feel sure of myself.
• I am a positive person.
• I experiment with new ways to do
things.
Questions 6 of 8
• I am willing to undergo sacrifices to

gain possible long- term rewards.
• I usually do things my own way.
• I tend to rebel against authority.
Questions 7 of 8
• I often enjoy being alone.

• I like being in control.
• I have a reputation for being
stubborn.
Questions 8 of 8
TOTAL SCORES PER ANSWER
YES – 3 points
MAYBE – 2 points
NO – 1 point
TOTAL SCORES INTERPRETATION
60-75: You have the qualities of an
eeeeeee entrepreneur.
48-59: You have the potential but e e
eeee eto need push yourself.
37-47: You may want to start a eeeeeee
business alone.
Below 37: Self-employment may not
ffffffffffffff be for you.
LESSON PROPER
LESSON NO. 01
INTRODUCTION to
ENTREPRENEURSHIP
what is
ENTREPRENEUR?
ENTREPRENEUR
a person who starts and/or operates a

business. An entrepreneur is creative
and innovative. He is a person who
starts something new.
ENTREPRENEURSHIP
what people do to take their career and

dreams into their hands and lead it in the
direction of their own choice.
ENTREPRENEURSHIP
the word entrepreneurship originates

from the French word,
"entreprendre", which means
"to undertake".
ENTREPRENEUR
VS
ENTREPRENEURSHIP
ENTREPRENEUR ENTREPRENEURSHIP
• Entrepreneurs are those who set a goal and • Entrepreneurship is developing and
convert it to a business operating the business
• Someone who have new solutions for • Systematic and creative to run the business
society by running an enterprise smoothly
• Create ideas and shape the business • Pushes people to create and think unique
products and services
• Someone who leads the team by providing
guidance and direction • Create a variety of professional networks
• A risk-taker, minimize the risk and looks • Strengthen interpersonal relationships with
forward to the future people
ENTREPRENEUR ENTREPRENEURSHIP
• Visualizer • Vision
• Innovator • Innovation
• Leader • Leadership
• Risk Bearer • Risk bearing Practices
• Coordinator • Coordination
• Planner • Planning
• Administrator • Administration
• Initiator • Initiatives
• Technician • Technology
short RECAP
ENTREPRENEUR ENTREPRENEURSHIP ENTERPRISE

person process outcome
ROLE of ENTREPRENEURS
in the ECONOMY
VICIOUS CYCLE OF DEVELOPEMENT
Employment
and Income
Entrepreneurs Savings
Investment and Taxes
THE ENTREPRENEUR
mobilizers of capital
service
tax payers
providers
suppliers
employers of products
ROLE of ENTREPRENEURS in
ECONOMIC GROWTH
ROLE of ENTREPRENEURS in ECONOMIC GROWTH
Micro, small and medium enterprise

(SMEs) are a vital component of the
economy.
Microbusiness, small and medium enterprise

provide employment for 70 percent of the
Philippine labor force. According to the 2001 NSO,
of the total business enterprises of 811,589, the
MSMEs provide jobs to 69.1% of the employed
Filipinos with their economic output of 32%.
It is important to the economy to

increase the output of the SMEs to help
the economy move and grow.
To attain this, the SMEs should have more

access to:
• credit;
• better sources of raw materials;
• modern technology; and;
• more marketing information
The government has three strategies to help SMEs.

They are:
• Provide credit, technology, and marketing support
to new enterprises.
• Tap overseas Filipino workers to invest their
earnings in SMEs.
• Promote greater involvement of LGUs in
promoting small business activities
In November 2002, RA 9178 was signed

into law. RA 9178 or the Barangay Micro
Business Enterprise (BMBEs) Act of 2002
provides five incentives and benefits.
This incentives and benefits are:

• Exempt BMBEs from income tax
and encourages LGUs to exempt or
reduce local taxes imposed on
BMBEs.

2. Exempt BMBEs from coverage of the
minimum wage law

3. Improve credit delivery to BMBEs

4. Provide for the technology transfer,
production and management training, and
marketing assistance to BMBEs.

5. Provide trade and investment
promotion to BMBEs.
ENTREPRENEURS in
SMALL and MEDIUM INDUSTRIES
ENTREPRENEURS in SMALL and MEDIUM INDUSTRIES
Small and Medium scale businesses are important in the

country because of the following reasons:
1. They help provide the supply of

products to customers.

2. They help provide personal service.


3. Small and Medium scale business

serves as a means of earning to an
unemployed individual.

4. Small and Medium scale business also

provide employment to other people.
Small and Medium scale businesses are important in the country
because of the following reasons:
5. Small and Medium scale entrepreneurs

also pay taxes to the government, and such
payment allows the government to provide
services to the people.
ENTREPRENEURIAL
COMPETENCIES
ENTREPRENEURIAL COMPETENCIES
strong desire creative

to succeed
risk taker
responsible
for their activities
high level
of confidence
REMINDERS TO THE
NEW ENTREPRENEUR
REMINDERS to the NEW ENTREPRENEUR
1. Make sure you get things done.

2. Be close to the customers.
3. Innovate. Be open to new ideas.
4. Produce through people. Trust them.
5. Be hands-on in running your business.
REMINDERS to the NEW ENTREPRENEUR
6. Be clear with your values.

7. Know your expertise. Continue doing it.
sssStick to what you know best.
8. Keep things simple.
9. Keep a lean staff.
10. Keep firm on directions but at the same
ttttttime give your people autonomy.
some MYTHS about
ENTREPENEURSHIP
Some MYTHS about ENTREPRENEURSHIP
1. Entrepreneurs, like leaders, are born,

not made.
2. Entrepreneurs are academic and
social misfits.
3. To be entrepreneur, one needs
money only.
Some MYTHS about ENTREPRENEURSHIP
4. To be entrepreneur, a great idea is the

only ingredient.
5. One wants to be an entrepreneur as
having no boss is great fun.
ACTIVITY
IN-SCHOOL ACTIVITY
Using the answer that you get in Entrepreneurial Self-Test,
• Make a self-evaluation. Do you possess the characteristics of an
entrepreneur?
• In which of the characteristics did you score high? Low?
• White your answer on paper, scan it using your cellphone,
• Send it using LMS.
• Your work must be in Pdf form.
• Before you turn in, you must attach as printout your file on class
notebook under the Activity Section.
• After that you're good to go. Turn it in.
ACTIVITY
Pretend that you will be putting up a small business.

Follow the instruction below.
1. Tell what kind of business venture you intend to

open and why you have chosen it.
2. Explain briefly how you can be an entrepreneur and
not merely a businessperson.
NAME:
GRADE LEVEL & SECTION:
1ST QUARTER 2ND QUARTER
ATTENDANCE RECITATION ATTENDANCE RECITATION
CLOSING PRAYER

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IMMACULATE CONCEPTION SCHOOL OF MALOLOS -

SENIOR HIGH SCHOOL

• I examine mistakes and learn from

• If something cannot be done, I find a

• I examine mistakes and learn from

• I am willing to undergo sacrifices to

• I often enjoy being alone.

a person who starts and/or operates a

what people do to take their career and

the word entrepreneurship originates

ENTREPRENEUR ENTREPRENEURSHIP ENTERPRISE

Micro, small and medium enterprise

Microbusiness, small and medium enterprise

It is important to the economy to

To attain this, the SMEs should have more

The government has three strategies to help SMEs.

In November 2002, RA 9178 was signed

This incentives and benefits are:

This incentives and benefits are:

This incentives and benefits are:

This incentives and benefits are:

This incentives and benefits are:

Small and Medium scale businesses are important in the

1. They help provide the supply of

Small and Medium scale businesses are important in the

2. They help provide personal service.

Small and Medium scale businesses are important in the

3. Small and Medium scale business

Small and Medium scale businesses are important in the

4. Small and Medium scale business also

5. Small and Medium scale entrepreneurs

strong desire creative

1. Make sure you get things done.

6. Be clear with your values.

1. Entrepreneurs, like leaders, are born,

4. To be entrepreneur, a great idea is the

Pretend that you will be putting up a small business.

1. Tell what kind of business venture you intend to

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