Muntinlupa National High School

SHS/STEM STRAND

LEIZEL I. ODANG
Teacher

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Entrepreneurshi
p
EXPLORING BUSINESS, MARKETING &
ENTREPRENEURSHIP

UNDERSTAND THE CONCEPT OF

ENTREPRENEURSHIP

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Characteristics of Successful
Entrepreneurs
Recall personal characteristics and skills
needed for a successful entrepreneur.

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 What is an Entrepreneur?

An individual who undertakes the

risk associated with creating, organizing,
and owning a business.

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Characteristics of Successful
Entrepreneurs

•Persistent •Goal-oriented
•Creative •Independent
•Responsible •Self-confident
•Inquisitive •Risk taker

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 Skills Needed by Successful
Entrepreneurs
•Communication skills
•Human relations skills
•Math skills
•Problem-solving & Decision-making skills
•Technical skills
•Basic Business skills

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 Forms/Types of Business
1. Sole/Single Proprietorship
2. Partnership
3. Corporation
4. Cooperative
5. Franchises
6. Subsidiaries

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 Need of a Business
1. Capital
2.Manpower
3.Location
4.Business Plan
5.Legal Documents
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Entrepreneurship and the
Entrepreneurial Process
Understand entrepreneurship
and the entrepreneurial process.

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Entrepreneurship vs. Entrepreneurs
ENTREPRENEURSHIP ENTREPRENEUR
The process of An entrepreneur is an
starting and runningindividual who
one’s own business undertakes the risk
This involves a associated with
considerable amount creating, organizing,
of risk. and owning a
business.

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 5 Steps of the
Entrepreneurial Process
1. Discovery
2. Concept Development
3. Resourcing
4. Actualization
5. Harvesting

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Step 1: Discovery
The stage in which the entrepreneur generates
ideas, recognizes opportunities, and studies the
market.

Entrepreneurs consider the following:

Hobbies or Skills
Consumer Needs and Wants
Conduct Surveys and Questionnaires
Study Demographics

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 Step 2: Concept
Development
Entrepreneurs prepare the following in this
step:
Develop a Business Plan
◦ A detailed proposal describing the business idea

Choose Location for the Business

◦ Is the business online or does it have a physical location for
customers to visit to purchase products, services or combinations.
Decide if the idea will need a Patent or Trademark
◦ Patent –
◦ Trademark -

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Step 3: Resourcing
The stage in which the entrepreneur identifies
and acquires the financial, human, and capital
resources needed for the venture startup, etc.

Entrepreneurs contemplate the following:

Identify Potential Investors
Apply for loans, grants and financial assistance
Hire employees

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Step 4: Actualization
The stage in which the entrepreneur
operates the business and utilizes
resources to achieve its goals / objectives

Entrepreneurs prepare for the following:

Grand Opening of the Business
Day to Day Operations of the Business

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Step 5: Harvesting
The stage in which the entrepreneur
decides on venture’s future growth,
development, or demise.

Entrepreneurs consider the following:

Future Plans for the Business:
◦ Expansion to additional locations
◦ Company to change structure

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 Managerial Functions
1. Planning
2. Organizing
3. Directing
4. Controlling

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Planning- means deciding how something should
be done before you do it, You make a plan of action
so that things will work smoothly
Organizing – means gathering and arranging
everything needed to do a job
Directing- is the process which a manager
communicates with and influence other member of
the organization to oursue the company objectives
Controlling- means keeping track of things. If
something is wrong, connection is needed and this
is done by proper controlling.

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Thank You
and
God Bless
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