Lesson 1

INTRODUCTION TO
ENTREPRENEURSHIP
Can you tell me what comes into your mind
when you hear the word “ENTREPRENEUR”?

Can you give me a name of a successful

entrepreneur that you know within thr PH?
The Top 12 Most Successful Entrepreneurs in the Philippines

Tony Tan Caktiong (Jollibee Foods) ... Founder and chairman of Jollibee Foods Corporation Co-
chairman of Double Dragon Properties, Corp.
• Socorro Ramos (National Book Store) ... She is the co-founder of National Book Store, the
largest bookstore chain in the Philippines.
• Edgar Sia (Mang Inasal) ... the founder of the Mang Inasal fast food restaurant chain.
• Mariano Que (Mercury Drug) ...
• Cresida Tueres (Greenwich Pizza) ...
• Cecilio Kwok Pedro (Lamoiyan Corporation)

• Being a billionare is a result of hard work and determination. Starting your own business is
actually a good start of fulfilling your dream.
• Entrepreneurship is the answer !!!
 Entrepreneurship and Entrepreneur
Entrepreneurship is .......
> The process of creating, launching and managing the business operation.
> An important driver of economic growth and innovation.
> What people do to to take their career and dreams into their hands and lead it in
the direction of their own choice.

An Entrepreneur is ........
> A person who sets up a business with the aim to make a profit and create a new
business, bearing most of the risks and enjoying most of the rewards.
> An innovator, a source of new ideas, goods, services, and business/or procedures.
Concept of Entrepreneurship

• The word “entrepreneur” was derived from the

French verb enterprendre, which means “to
undertake”. This is pinpointing to those who
undertake the risk of enterprise. The enterprise is
created by an entrepreneur and the process is called
“Entrepreneurship”.
To undertake > since we are in the business world, this term applies to
someone who wants to start a business or enterprise.
Now, there is also a difference between a
businessman and entrepreneur:

• Businessman > They are only after a profit and not innovative.
Innovative refers to a person who are motivated to identify where
things can be improved and act on it.

Entrepreneur > is a person who creates an enterprise and creates new

ideas or concepts, they are innovators willing to take risks.
BUSINESSMAN ENTREPRENEUR

P10.00
P10.00

P20.00
P12.00
Relevance of Entrepreneurship to an
organization
• 1. Development of Managerial capabilities - this means that one of
the benefits an entrepreneur gets is to develop his managerial skills.
• 2. Creation of Organizations - which means that because of
entrepreneurships many organizations will exist.
• 3. Improving standard of living - this means that entrepreneurship
can lift up the economic status of an individual.
• 4. Means of economic development - this means that not only the
life of the entrepreneur is improved but also the society.
 Factors Affecting Entrepreneurship
1. Personality Factors which includes:

a. Initiative - which means doing things even before being told

b. Proactive - means he can classify opportunities and seize it.
c. Problem Solver - which means he can retain good relations with other people.
d. Perserverance - meaning he will pursue things to get done regardless of challenges
e. Persuasion - means that he can entice people to buy even if they don’t
f. A planner - meaning he makes plan before doing things and do not fail to monitor it
g. Risk Taker - means that he is willing to gamble but he will calculate

2. Environmental Factors - w/c include political, climate, legal system, economic and social
conditions and market situations.
 Types of Entrepreneurs
• 1. Innovative Entrepreneur - they are those who always make new things by
thinking of new ideas.
• 2. Imitating Entrepreneurs - they are those who don’t create new things but only
follow the ideas of other entrepreneurs.
• 3. Fabian Entrepreneurs - they are those skeptical. They don’t initiate but follow
only after they are satisfied.
• 4. Drone Entrepreneurs - they are those who lives on the labor of others. They
are die-hard conservatives even ready to suffer the loss of business.
• 5. Social Entrepreneurs - they are those who initiate changes in the various fields
such as education, health, human rights, environment and enterprise
development.
Career Opportunities of Entrepreneurship

• Business Consultant
• Teacher
• Researcher
• Sales
• Business Reporter
 Activity 1
Matching type (write only the letter of your answer on a sheet of paper
Column 2
a. The process of creating, launching and managing the business
Column 1 operation.
1. Innovative Entrepreneur b. Which means doing things even before being told
2. “To undertake” c. A person who sets up a business with the aim to make a profit
3. Creation of Organizations d. This term applies to someone who wants to start a business
4. Entrepreneur e. Which means that because of entrepreneurships many
organizations will exist.
5. Initiative
f. They are those skeptical. They don’t initiate but follow only after
6. Perserverance they are satisfied.
7. Persuasion g. This means that not only the life of the entrepreneur is improved
but also the society.
8. Entrepreneurship
9. Means of economic development
h. They are those who always make new things by thinking of new
10. Fabian Entrepreneurs ideas.
i. Means that he can entice people to buy even if they don’t
j. He will pursue things to get done regardless of challenges.