Entrepreneurship and

Ordinary Small Business

Activity
 Entrepreneurship is different from the
activities of ORDINARY SMALL BUSINESSES
ENTREPRENEURSHIP COVERS SMALL,
MEDIUM SCALE BUSINESSES
ENTREPRENEUR or Owner of Ordinary
Small Business?
 MOTIVE
(motibo)

areason for doing

something, especially one
that is hidden or not obvious.
MOTIVE IN OPENING A BUSINESS

ENTREPRENEUR ORDINARY SMALL

BUSINESS

Iwant to become I need a source of

successful income
1. What Small business would you engage in?

2. Why would you open your own small

business?

3. When your next-door neighbor opens a

small business and it attracts good customer,
are you also going to open your own small
business? Why?
 PERCEPTION
(pagkaunawa)

a way of regarding,
understanding, or
interpreting something; a
mental impression.
 PERCEPTION OF RISK IN THE
BUSINESS

ENTREPRENEUR ORDINARY SMALL

BUSINESS

Iwill take and face I will avoid the

every risk risk
1. Would you expect risks in your business?
Why?

2. How would you handle the risk in your

business

3. Would you have the necessary plan in

case business risks arise? What would it
be?
REACTIONS TO CHANGES IN THE
ENVIRONMENT

ENTREPRENEUR ORDINARY SMALL

BUSINESS

REACTS REACTS NEGATIVELY

POSITIVELY
REMAIN STATIC/NOT DOING
THINKS OF NEW IDEAS ANYTHING
 VIEW ON COMPETITION

ENTREPRENEUR ORDINARY SMALL

BUSINESS

SIGN OF HEALTHY UNHEALTHY ELEMENT.

ECONOMIC ENVIRONMENT, I WILL AVOID IT
Will Improve our Products
1. What is your view about competition?

2. Do you consider competition in your

community healthy? Why

3. How should you treat your competitors?

VISION FOR DEVELOPMENT AND
GROWTH

ENTREPRENEUR ORDINARY SMALL

BUSINESS

Clear Mission and Chance or Luck

Vision
 HORIZON OF BUSINESS
OPERATION

ENTREPRENEUR ORDINARY SMALL

BUSINESS

Has both Local and Centered only on

Global perspectives local environment
SOURCES OF BUSINESS FUNDS

ENTREPRENEUR ORDINARY SMALL

BUSINESS

BELIEVES IN TOO RISKY TO

HIS/HER BUSINESS ENGAGE
1. What will be the primary source of funds
for your business?

2. Do you strongly believe that your

businessventure is worth funding by
external sources? Why or why not?

3. Would you consider the cost of borrowing

before you actually borrow the funds?