ENTREPRENEURSHIP

LESSON 1.
OVERVIEW OF
ENTREPRENEURSHIP
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LEARNING OBJECTIVES:
At the end of this module, you are expected to:
 Discuss the relevance of
entrepreneurship to the economy;
 Explain the personal entrepreneurial
competencies of entrepreneurs;
 Explore entrepreneurship as a career
and compare it with other job
opportunities. 3
What is
ENTREPRENEURSHIP?
 The process of creating a
business or businesses while
building and scaling it to
generate a profit.
 An important driver of economic
growth and innovation.

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What is
ENTREPRENEURSHIP?
 About building a life on your own
terms. No bosses. No restricting
schedules, and no one holds you
back .
 What people do to take their
career and dreams into their
hands and lead it in the direction
of their own choice. 5
What is ENTREPRENEUR?
 Entrepreneur comes from the
French word “Entreprendre” which
means to begin something or to
undertake.
 Entrepreneur is a person who
organizes and manages a business
undertaking, assuming the risk for
the sake of profit.
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Benefits of Entrepreneurship to the
SOCIETY
1. Helps the economy grow
2. Encourages technological growth
3. Aids human development
4. Promotes inclusive growth
5. Entrepreneurship begets
entrepreneurship
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Benefits of Entrepreneurship to the
SOCIETY
1. Helps the economy grow
- As more products or services are
demanded, the more are supplied;
and consequently, the more exchange
are done between consumers and
entrepreneurs. This beneficial effect
on the economy is the reason
entrepreneurs are sometimes called 8

the “backbone of the economy”.

Benefits of Entrepreneurship to the
SOCIETY

2. Encourages technological growth

- Entrepreneurs are able to see
things in different ways, paving the
way to innovation.

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Benefits of Entrepreneurship to the
SOCIETY

3. Aids human development

- Entrepreneurs aid human
development through employment
generation.

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Benefits of Entrepreneurship to the
SOCIETY

4. Promotes inclusive growth

- Entrepreneurs see opportunities
where most see none and
entrepreneurship makes these
opportunities into realities.

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Benefits of Entrepreneurship to the
SOCIETY

5. Entrepreneurship begets
entrepreneurship
- The success of one entrepreneur
becomes the success of the other
entrepreneur as well.

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Career Opportunities
-Being an entrepreneur is a noble
profession much like being an
engineer, a doctor, an accountant, a
nurse, a lawyer or any other
professionals.
- Being an entrepreneur is also a
career.
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 REWARDS AND RISKS OF BEING AN
ENTREPRENEUR
REWARDS:

a.) Make money

b.) Being your own boss
c.) Gain self-satisfaction

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 REWARDS AND RISKS OF BEING AN
ENTREPRENEUR
RISKS:
a.) Possibility of failure
b.) Unpredictable business conditions
c.) Long hours of work
d.)Unwanted or unexpected
responsibilities

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THANK
YOU
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