E P R EN E N T R IP Overview of Entrepreneurship and its Relevance to SHS Students WILLIAM HENRY “BILL” GATES III
Born October 28, 1944
American business magnate, philanthropist, investor, computer programmer and inventor. In 1975, Gates co founded MICROSOFT, the world’s largest PC software company, with Paul Allen Net Worth: US$105.6 billion (May 2020) JEFF BEZOS
Born January 12, 1964
Founder and CEO of Amazon.com Net worth: US$204.6 billion (August 26, 2020)
Declared by Forbes as the Richest
Man in the World. Overview of Entrepreneurship and its Relevance to SHS Students LEARNING OBJECTIVES: Increase your knowledge about entrepreneurship; & Determine the relevance of Entrepreneurship to your everyday life and to the society as a whole. WHAT IS ENTREPRENEURSHIP? It is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make profit. - (Business Dictionary) WHAT IS ENTREPRENEURSHIP? An important driver of economic growth and innovation. What people do to take their career and dreams into their hands and lead it in the direction of their own choice. ENTREPRENEUR A person who sets up a business with the aim to make a profit and creates 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. Playing a key role in any economy, using the skills and initiative necessary to anticipate needs and bring good new ideas to market. “Understanding what an entrepreneur is can help more people recognize the value they contribute to the world. Entrepreneurs take the idea and execute it while entrepreneurship is about execution of ideas.” Relevance of Entrepreneurship to SHS Students 1.To prepare students for livelihood even before college. 2.Entrepreneurship education aids students from all socioeconomic backgrounds to think outside the box and nurture unconventional talents and skills. 3.Entrepreneurship develops their initiative and helps them to be more creative and self-confident in whatever they undertake and to act in a socially responsible way. 4.It exposes students to numerous opportunities to learn how to think critically and analyze the pieces on the board. Relevance of Entrepreneurship to SHS Students 5. Being aware of all the important factors and seeing how they affect each other is the foundation of a smart decision-making process. 6. Students have to be exposed to real-world examples and learn from their own experience. 7. Entrepreneurship education requires students to be innovative, creative and collaborative with others. 8. Entrepreneurship education provides budding entrepreneurs with the skills and knowledge to come up with business ideas and develop their own ventures. Activity:
What appropriate product and/or
business that can be conceptualized during this COVID -19 pandemic? Write as many in bullet form in your paper. Some business that is in demand today are:
Delivery Services like grab food
Online Selling of food products and hygiene products like soap, etc. To make fashionable face masks E-Loading services Events hosting using app like zoom “The way to get started is to quit talking and begin doing.” -Walt Disney