LESSON 1

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INTRODUCTION
TO
ENTREPRENEURSHIP
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At the end of this module,you are
expected to:

 A. Identify the relevance of learning entrepreneurship

 B. Define personal entrepreneurial competencies and skills

 C. Explore job opportunitist for entrepreneurial as a career.

 z What is an entrepreneur?
 The term entrepreneur was derived from “entreprendre’’ a
French word which means “to undertake”(Aduana,2016)
 An entrepreneur is an individual who creates a new
business, bearing most of the risks and enjoying most of
the rewards. The process of setting up a business is known
as entrepreneurship. The entrepreneur is commonly seen as
an innovator, a source of new ideas, goods, services, and
business/or procedures.
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ENTREPRENEURSHIP

 Entrepreneurship refers to the process of creating a new

enterprise and bearing any of its risks, with the view of
making the profit. The person who creates a new enterprise
and embraces every challenge for its development and
operation is known as an entrepreneur.

 is the act of creating, building and scaling a business or

businesses to generate a profit. Entrepreneurship is what
people do to take their career and dreams into their own hands
and lead it in the direction they want. It's about building a life on
your own terms.
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BENEFITS OF ENTREPRENEURSHIP
IN THE SOCIETY

 5 Benefits of Entrepreneurship in the Economy

 Entrepreneurs provide job opportunities. ...

 Entrepreneurs increase competition & boost productivity. ...

 Entrepreneurs create new business & new markets. ...

 Entrepreneurs add national income. ...

 Entrepreneurs introduce innovative technologies.

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CAREER OPPORTUNITIES IN
ENTREPREENURSHIP

 Career opportunities refer to any opportunities that

take you closer to your career goals. This can be a
job, an internship opportunity or a training
programme that helps you excel in your career
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CAREER OPPORTUNITIES

 Career Opportunities in Entrepreneurship

 Business Manager. ...

 Chief Executive Officer. ...

 Financial Manager. ...

 Public Relations Manager. ...

 Sales. ...

 Managing Director. ...

 Business Consultant.
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REWARDS OF ENTREPRENEURSHIP

 There are many reasons to consider entrepreneurship, from its freedom and
flexibility to the job satisfaction it can offer.

 Be your own boss. ...

 Potentially unlimited income. ...

 Choose when and where you work. ...

 Make a living doing what you love. ...

 Constant growth and development. ...

 Choose who you work with. ...

 Create a positive impact.

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RISKS OF ENTREPRENEURSHIP

1. Bankruptcy

2.Financial risk

3. Competitive risks,

4.Environmental risks

5. Reputational risks,

6.Political

7.Economic risks.
5 Salient Features of Entrepreneurship

1.Art of correct practices

z 2.Wealth Creating Venture
3.Providing values to customers
4.Opening and managing self-owned
business
5.Risk taking Venture
 CONTRIBUTIONS OF
ENTREPRENEURSHIP
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To the Filipinos:
1.It gives guidelines in the entrepreneur’s
wealth creating undertakes.
2. It aids in improving financial and social life.
3.It helps expand their creativity.
4.It brings out happiness, productiveness and
success in entrepreneur’s life
To the local community

1. It offers opportunity for employment in

the community.
2.It produces new demand in the market.
z 3.It contributes to increase in tax collection.
4.It accelerates the movement of different
factors of contribution.
5.It gives birth to new business opportunity.
6.It promotes a harmonious and loving
community.
7.It boost constructive competition.
To the Philippine Economy
1.It promotes competitiveness, thus
challenging entrepreneurs to continue
improving their products and services.
z 2. It aid in identifying an entrepreneurial
niche in the international market.
3.It helps speed up economic recovery
process of the country during financial
turmoil or breakdown.
4.It facilitates ease money flow in the local
market.
5.It supports the Philippine government in
its yearning to have advantageous
Personal Entrepreneurial Competencies
(PEC’s)
1. Hardworking
2.Self-confident
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3.Disciplined
4.Committed
5.Ability to accept change
6.Creative
7.Has initiative
8.Profit-oriented
 IMPORTANT SKILLS OF AN ENTREPRENEUR
1.PLANNING
This is strategic thinking and setting of goals to
achieve objectives by carefully maximizing all the
available resources.
2.DECISION
z MAKING
One decision may make or break a business,thus
making this a crucial one.It is the ability to think quickly
and make a wise judgement towards the pre
determined set objectives.
3.PEOPLE SKILLS
Doing business is not a one-man team
endeavor.From people working for you and with you, to
those you make deal with and even your competitors.
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Types of Jobs You Can Get With An
Entrepreneurship Degree
1. Mid-level Management for an Entrepreneurship
Degree Holder
Be in-charge of the execution of business ideas in big
companies.
2. Business Consultant
Identify and fix problems for both aspiring and young
entrepreneurs.
3. Sales
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Representing a firm,handling accounts and visiting clients

in the field are some of the task for this job.

4. Research and Development

Solving problems by working in a R&D firm should be

armed with an understanding of the what’s and how’s of the
business.

5. Not-for-Profit Fundraiser

Raising funds for various groups or organization for

different causes is comparable to accomplishing a business
task and creating a good communication network.
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 6.RECRUITER

 Work at Human Resource (HR) department as someone who has

knowledge in management, leadership and other significant
characteristics in selecting people who will be joining a company.
7.BUSINESS REPOPRTER
Having an understanding about the filed will give one an advantage
in writing articles or being in a broadcast team to make a business
section or program more knowledgable and interesting
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THANK YOU!