ENTREPRENEURSHIP AND

BUSINESS PLANNING
 MODULE 1    
  INTRO TO ENTREP
The Meaning of Management
 Elements of Business System
• Land (materials)
• Capital (money)
• Labor (manpower)
• Entrepreneur (management skills)
 Kinds of Business
• Industries – farming, fishing, mining etc
• Commerce – shoemart, rustans, robinsons
• Service Enterprise – tourism/hospitality
“Entrpreneurship is the process of
creating something different with value
by devoting the necessary time and
effort, assuming the accompanying
financial, psychic, and social risk, and
receiving the resulting rewards of
monetary and personal
satisfaction”(Hisrich and Peters )
Bygrave’s concept of entrepeneurship:
 First, an entrepreneur is someone who
perceives an opportunity and creates an
organization to pursue it.
 Second, the entrepreneurial process
involves all the functions activities, and
actions associated with perceiving
opportunities and creating organizations to
pursue them.
ADVANTAGES OF BECOMING
ENTREPRENEURS
 a.) Opportunity to gain control over once's
own destiny.
 b.) Opportunity to reach one's full potential.
 c.) Opportunity to benefit financially.
 d.) Opportunity to contribute to society and
be recognized for one's effort.
DRAWBACKS OF BEING AN
ENTREPRENEUR
 a.) Uncertainty of income.
 b.) Risk of losing the entire invested capital
 c.) Long hours and hard work
 d.) Lower quality of life until the business
gets established
 e.) Complete responsibility
Socio-economic benefits from
entrepreneurship
a. promotes self-help and employment
b. mobilizes capital
c. provides taxes to the economy
d. empowers individuals
e. enhance national identity and pride
f. enhance competitive consciousness
g. improves quality of life.
h. enhances equitable distribution of
income and wealth
 ATTRIBUTES OF ENTREPRENEURS
• a.) Solo self-employed individual. This group
also includes practitioners in the
fields/experience who provide management or
technical advisory services on a fixed-term or
long-term basis.
• b.) Deal-to-dealers. This group includes highly
knowledgeable business engaged in various
forms of trades frequently in directly or indirectly
related lines of work.
• c.) Team builders. They refer to those who go
on to build larger companies using hiring and
delegation can be regarded as another
category.
• d.) Independent innovators. They include such person
who hit upon ideas for better products or services and
then create companies to develop, produce and sell them.
• e.) Pattern multiplier. These are entrepreneurs who spot
an effective business pattern, quite possibly originated by
someone else, and multiply it to realize profits.
• f.) Economy-of scale exploiters. By locating the
business in lower rent and tax areas, and by reducing
services, they are able to reduce prices, which has given
them sales volume enabling them to reduce prices further
and make it difficult for competitors to enter or compete.
• g.) Capital aggregators. They include smart
entrepreneurs who use their experience and expertise in
pooling or syndicating a group of financiers to put together
a business endeavor.
• h.) Acquirers. There are two ways to enter independent
business – to start new one one or acquire a going
concern.
• i.) Independent inventors. They include pure
inventors who really developed their own product
or invention and take care of marketing them.
• j.) Buy-sell artist. They include wise guys referred
to as corporate raiders and broker who turn
around, sell and liquidate.
• k.) Apparent value manipulators. They refer to
those who acquire assets at a discount,
representing them for a new use or market, and
who restructure balance sheet to improve ratio.
Variations in Entrepreneurship
1. The intrapreneur
• -those who take hands on responsibility for
creating innovation within any kind of an
organization
• -intrapreneur is an entrepreneur within an
existing organization
• -being existing or being part of the
corporate structure, an intrapreneur is also
referred to as corporate entrepreneur.
Variations in Entrepreneurship
2. The Ultrapreneur
• - is an enterprising or entrepreneurial fellow but
his innovation commences within the
organization itself and whose impacts may
extend beyond the organization to which he or
she is directly a part.
3. Multipreneuring/Multipreneurship
• Tom Gorman postulated that multipreneuring
entails actually having a multiple skills so that
one can develop multiple sources of income and
multiple careers, either simultaneously or serially.
Variations in Entrepreneurship
4. Social entrepreneurship
• In social entrepreneurship, the idea is not
only promoting the purely business side of
the venture but it also focused on providing
a venue for employment generation at the
resource location mostly in the countryside.
5. Entrepreneurial governance
• Government focuses on results, reduces
bureaucracy, and promotes competition
both inside and outside government.
 MSMEs Defined

Micro, small, and medium enterprises

(MSMEs) are defined as any business
activity/enterprise engaged in industry, agri-
business/services, whether single
proprietorship, cooperative, partnership, or
corporation whose total assets, inclusive of
those arising from loans but exclusive of the
land on which the particular business entity's
office, plant and equipment are situated,
must have value falling under the following
categories:
 By Asset Size*

          Micro:                  Up to P3,000,000

            Small:                  P3,000,001 - P15,000,000
            Medium:               P15,000,001 - P100,000,000
            Large:                  above P100,000,000

Alternatively, MSMEs may also be

categorized based on the number of
employees:

            Micro:                   1 - 9 employees

            Small:                  10 -- 99 employees           
            Medium:              100 -- 199 employees
            Large:                   More than 200 employees
• MSMEs' Contribution to the Economy

MSMEs contribute to the creation of

wealth, employment, and income
generation, both in rural and urban areas,
thus, ensuring a more equitable income
distribution. They also provide the
economy with a continuous supply of
ideas, skills, and innovations necessary to
promote competition and the efficient
allocation of scarce resources.
 Business Idea and Development Award or
BIDA by PCCI
To bring out the entrepreneurial spirit and
creativeness of the students.
 
 BIDA Objectives
› Recognize creative or innovative products or services
using available local, indigenous or recycled
materials
› Develop entrepreneurial culture among Filipino youth
› Promote and develop a sense of nationalism among
Filipino youth through product or service
development
› Promote entrepreneurship as major component in
our Economic Sustainable Development (ESD).
Technology Category
• “Pinoy Fitness Co.”
• “Integrated and Reloadable Smart Card” 
• “Housing Opportunity for Urban Settlers
Endeavor” 
• “Pedicab Electric Company” or PELCO.
PELCO is a company that provides
electricity through pedicabs using hub
dynamos.
• Fire Eggstinguisher"
Food Category
 “Scotch Bites: Choco Butterscotch with
Malunggay”.
 “Fully Loaded Puso or Hanging Rice”
 Fully Loaded is an all-in-one and ready-to-eat
meal with cooked rice and viand stuffed inside the
woven strands of palm fronds.
 T2Go" or Tahong Longganisa To-Go
 "Kamote Kisses"
 "CocoNug"
 Family Fun Burger"
 "Pan Bisaya"
 "Coco Floura"
 Tectona Grandis Tea"
Non Food Category
 Oregatol- katol made of oregatol
 “Soless Limited,” the manufacture of
alternative cigarettes out of eggplant leaves.
 "Kakawate and Banana Peel Household
Fertilizer"
 Dumbrella"
 "Fish Feeds from Water Hyacinth in
Batangas"
 Carboxymethyl-Nata Cellulose"
 "Garnocit' Gel"
 "Star Solution"
 "AeroCure"
Service Category
 “Scrap-to-Craft”
 business project which provides seminars
and training on the production of
accessories, home and office decors and
furniture out of recycled waste and
indigenous materials.
 "Wholesome-Threesome Enterprise"
 "Madali System"
 Working Muscles Fitness Gym"
 Mang JANI LABS U Inc."
 food bus trip
 "KasipagJuan Inc.
 Business Lesson 1
always start with a small
capital
When to take the plunge?
Age is not a constraint for any
entrepreneurial endeavor or business
venture. However, how nicer it would be
when one can see, nurture and fully enjoy
the fruits of one’s efforts and hard work.
Timing in venturing into business is very
important.