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  • ENTREP Chapter 1 Lesson 1

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    This document defines key terms related to entrepreneurship including entrepreneur, businessman, small business, and ordinary small business. It discusses entrepreneurs as people who undertake business ventures by operating and assuming risk, and defines entrepreneurship as correctly practicing concepts and principles of managing a self-owned business enterprise. The document asks students if they see themselves becoming entrepreneurs in the future and differentiates a small business from an ordinary small business based on adoption of entrepreneurship principles and workforce size. It also distinguishes an entrepreneur from a businessman based on goals of becoming successful versus making a livelihood. Contact information is provided for the entrepreneurship instructor.

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    This document defines key terms related to entrepreneurship including entrepreneur, businessman, small business, and ordinary small business. It discusses entrepreneurs as people who undertake business ventures by operating and assuming risk, and defines entrepreneurship as correctly practicing concepts and principles of managing a self-owned business enterprise. The document asks students if they see themselves becoming entrepreneurs in the future and differentiates a small business from an ordinary small business based on adoption of entrepreneurship principles and workforce size. It also distinguishes an entrepreneur from a businessman based on goals of becoming successful versus making a livelihood. Contact information is provided for the entrepreneurship instructor.

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    9 views9 pages

    ENTREP Chapter 1 Lesson 1

    Uploaded by

    Raniel Lagahid
    This document defines key terms related to entrepreneurship including entrepreneur, businessman, small business, and ordinary small business. It discusses entrepreneurs as people who undertake business ventures by operating and assuming risk, and defines entrepreneurship as correctly practicing concepts and principles of managing a self-owned business enterprise. The document asks students if they see themselves becoming entrepreneurs in the future and differentiates a small business from an ordinary small business based on adoption of entrepreneurship principles and workforce size. It also distinguishes an entrepreneur from a businessman based on goals of becoming successful versus making a livelihood. Contact information is provided for the entrepreneurship instructor.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 9

    CHAPTER 1:

    LESSON 1
    BUSINESS PLAN | JANUARY 2020

    DEFINING KEY TERMS

    Entrepreneurship
    Entrepreneur
    Businessman
    Small Business
    Ordinary Small Business
    BELLWORK 01

    What comes into your mind when you


    hear the words entrepreneur and
    entrepreneurship?

    BUSINESS PLAN | JANUARY 2020


    02

    ENTREPRENE
     UR
    from the French word
    entreprendre = “to undertake.”

     a person who organizes, operates,


    and assumes the risk of business
    venture (American Heritage Desk
    Dictionary)

     a person who strongly advocates


    and correctly practices the concepts
    and principles of entrepreneurship in
    operating and managing the self-
    owned entrepreneurial venture
    (also known as ENTERPRISE).
    02
    03

    ENTREPRENEURS
    HIP
     from the word entrepreneur

     the art of observing correct


    practices in managing and operating
    a self-owned wealth-creating
    business enterprise by providing
    goods and services that are
    valuable to the customers.

    03
    04

    QUESTION:
    Do you imagine yourself becoming
    an entrepreneur and managing
    your own business in the future?
    Acquiring basic knowledge in entrepreneurship is necessary for you.

    However, even a full understanding of concepts and principles of entrepreneurship

    is not an assurance that you will become a successful entrepreneur.

    STUDENT 1 STUDENT 2 STUDENT 3


    President Vice President Co-founder
    1
    Pertains to a business
    enterprise managed and
    operated by an owner who is
    not an advocate of and does
    not practice the concepts and
    principles of entrepreneurship.

    2
    Refers to a business that
    correctly adopts and practices
    the principles of
    Small Business entrepreneurship. It is owned
    vs. 06 by one person with a limited
    workforce of not more than 20
    Ordinary Small Business persons.
    Entrepreneur
    versus
    Businessman
    ENTREPRENEUR BUSINESSMAN

    starts a business venture based on opens a business with the primary goal
    entrepreneurial concepts and principles of making it his source of livelihood
    and the aspiration to become
    successful
    Ways how to reach your
    teacher: Contact Me

    MS. JUSTINE JOY JACA


    ENTREPRENEURSHIP INSTRUCTOR

    EMAIL ADDRESS
    jjjaca@uc.edu.ph

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