Activity 1: Let Me See!

Directions: Arrange the following

properly to come up with a right
answer.
1. SSBIEUSN
2. SBJO
3. TEVNUER
4. TFROIP
5. YCENMOO
1. WEDRARS
2. OTCMRESUS
3. EEFBNTIS
4. NOIEPRATO
5. SKRIS
6. AMGEANNTEM
7. PLMONETYE
8. EAELDR
9. REUNETNREERP
10. YSTTARGE
 MODULE 1:

OVERVIEW

ENTREPRENEURSHIP
• A proactive process of developing a
business venture to make a profit
• Involves:
1. Seeking opportunities for a market
2. Establishing and operating a business out of the
opportunity
3. Assessing its risk and rewards through close
monitoring of the operations

ENTREPRENEURSHIP
• It may seem DIFFICULT, but REWARDING if the
enterprise flourishes.

• becomes successful if the business that he or she

envisioned has materialized into a thriving industry
with REGULAR CUSTOMERS and FINANCIAL
GAIN

• decides whether to MAINTAIN the business or

EXPAND

ENTREPRENEUR
1. It produces more jobs that equate to an increase in national
income.
2. It introduces new and innovative products and services.
3. It improves people’s living standards.
4. It disperses the economic power and creates equality.
5. It reduces social conflict and political unrest.
6. It elicits economic independence and capital formation.

SOCIETAL AND ECONOMIC BENEFITS OF

ENTREPRENEURSHIP
 • Millions of unemployed people will have the
opportunities to have a decent occupation. Small
businesses produce jobs and create wealth.

1. It produces more jobs that equate to an

increase in national income.
 • New products and services are always available in the
market because of the ingenuity of entrepreneurs to
seek opportunities and improve on them.

2. It introduces new and innovative products

and services.
• How can you look good if not for the services of your
nearby salon or barber shop? How can your day be
complete without the food that a nearby eatery cooks?
How can you live without a sari-sari store near your
house where you buy your basic needs?

3. It improves people’s living

standards.
• It balances the economy by distributing the national
income to more businesses rather than to only few
monopolies.

4. It disperses the economic

power and creates equality.
• Imagine if there are no or few sari-sari or
supermarket stores in your area. All of you will then
fight for the food supplies because the store cannot
supply all your needs.

5. It reduces social conflict and

political unrest.
• A country with more entrepreneurs is highly likely to
become financially independent and will less likely
need the help of other countries. This also applies to
families, barangays, and cities. Entrepreneurship
creates wealth not borrowing wealth.

6. It elicits economic independence

and capital formation
• What do you think are the factors that
drive Filipinos to become
entrepreneurial?

• Name three entrepreneurial trends that

you observe in your environment. Why do
you think these entrepreneurs venture in
these business?

Think-Pair-Share
ENTREPRENEUR
• has a French origin and was coined from the words ENTRE,
which means “between,” and PRENDRE, which means “to
take”
• A unique individual who has the innate ability and
extraordinary dedication to establish and manage a
business, acknowledging all the risks and reaping its
rewards
• A calling
• It entails a holistic business talent to be considered one,
ranging from product and marketing expertise to operations
agility, and to financial proficiency.

ENTREPRENEUR
• He or she will only expect returns once he or she already
added or created value out of the opportunity.
• being perceptive for opportunities in his or her surroundings
that a normal people don’t give importance to or often
neglect
• Sees existing problems about a certain product or service as
prospects rather than threats
• LEADERSHIP
• Bravely takes risks
• Innovates, executes his or her big ideas, rarely procrastinates

ENTREPRENEUR
LEVELS OF ENTREPRENEURIAL
DEVELOPMENT
1. THE SELF- EMPLOYED
2. THE MANAGER
3. THE LEADER
4. THE INVESTOR
5. THE TRUE ENTREPRENEUR
• Not comfortable with the routines of a desk job
• They do not want fixed schedule.
• They want to do things in their own way and start to
feel agitated when controlled by the powers-that-be.
• Self-sufficient, too reliant on themselves
• If they realize that a successful business should work
with collaboration, he can move on to the next level

SELF-EMPLOYED
• Asks help from the people around them
• They delegate and hire potential employees to do the
work.
• They begin to create positions that match the
requirements of the business and the employees
expertise, and he/she can go to the next level.

MANAGER
• ENTREPRENEURS in this level enjoys seeing their
people flourish, stepping up and producing great
results with minimal supervision.
• They can now sleep peacefully at night and have more
freedom and time for themselves.
• They already recognize the key leaders in their
organization.
• They focus now on the big picture and the strategic
direction of their business rather than in generating
sales and operating the business.

LEADER
• They look for the opportunities for their business to
grow.
• They may either purchase one or two businesses that
can potentially add value to the company, or sell their
established business (franchise)to potential
entrepreneurs.
• They will delegate suitable manager for such
operations and will act as directors.

INVESTOR
• They aim for quality and excellence in their work.
• They have fully learned, and continue to practice, a four-step
process of thinking:
1. IDEALIZATION- dreams and desires to build an ideal
environment
2. VISUALIZATION- starts to create plans to make the dream
a reality
3. VERBALIZATION- involves sharing their ideas with other
people, knowing that their vision is already incurring
4. MATERIALIZATION- vision becomes the reality

TRUE ENTREPRENEUR
 NEW TERMS IN
ENTREPRENEUR’S FIELD
OR EXPERTISE
 • An
entrepreneur
who puts
technology at
the core of
his or her
business
model

1. TECHNOPRENEUR
 • One who takes
advantage of
country’s social
problems and turn
them to profitable
institutions with the
intention of helping
the disadvantaged
community rather
than making a profit

2. SOCIAL ENTREPRENEUR
One example of social entrepreneurship is microfinance
institutions. These institutions provide banking services to
unemployed or low-income individuals or groups who otherwise
would have no other access to financial services.
• An entrepreneur in a
large company or
corporation who is
tasked to think,
establish, and run an
new big idea or project.
They are usually the
product managers or
the business
development managers
of the company.

3. INTRAPRENEUR
• are self-motivated, proactive, and action-oriented people
who take the initiative to pursue an innovative product or
service.
• An intrapreneur knows failure does not have a personal cost
as it does for an entrepreneur since the organization
absorbs losses that arise from failure.
• For example, an intrapreneurship may require an employee
to research and recommend a more efficient workflow chart
to a company’s brand within a target group or implement a
way to benefit company culture.

INTRAPRENEURS
 • One who hops
from one company
to another to act as
the innovation
champion,
providing creative
and effective
solutions.

4. EXTRAPRENEUR
COMMON AND CORE
COMPETENCIES IN
ENTREPRENEURSHIP
 TRAITS
(COMMON)

ENTREPRENEURS
should always have to be…
• Proactive.
• Agents of change.
• Risk takers.
• Have a sharp eye for opportunities.
• Sociable.
• Networkers.
• Decisive.
• Balanced.
• Innovative.
 • Leaders.
• Communicators.
• Specialists.
• Problem-solvers.

CORE TRAITS
THAT ENTREPS SHOULD DEVELOP IN MANAGING AND RUNNING
THE BUSINESSES
ENTREPRENEURSHI
P VS EMPLOYMENT
 ENTREPRENEUR EMPLOYEE
income generated passively Income generated actively
even when the entrepreneur is
resting Income usually fixed per
month and increases every
opportunity income unlimited, year depending on the
depending on the success of the employer and the employee’s
business performance

income only earned when the Income earned whether the

business is successful business is successful or
unsuccessful

INCOME
 ENTREPRENEUR
• Provides jobs; is owner of the
business and conducts the talent
selection
• Fully responsible for serving
customers, making the business
profitable/ sustainable, and
providing employee satisfaction
• Has the power the disengage
nonperforming employees
applying the due process policy of
disengaging personnel
• Can venture into expansion of
business such as franchising and
buying other similar business
EMPLOYEE
• Seeks for a job; is the one
applying for a job and is
interviewed by the company’s
hiring officers
• Has the goal of satisfying only the
employer or the direct supervisor
• Fully dependent on the
employer’s performance; is at risk
of losing his or her job if the
company does not perform well;
may find it difficult to just leave
their below par employer if this is
their only source of income
• Can only work for the current
employer exclusively

HIRING and FIRING, ORGANIZATIONAL

SETUP, and MAJOR KEY RESULT AREAS
 ENTREPRENEUR EMPLOYEE
• Performs all necessary • Has routine tasks and
variable tasks to establish works on regular or
and manage a start up normal hours
business, which usually
takes most of the • Follows policies,
entrepreneur ‘s time; procedures, and
spend more hours on work memoranda from the
than a regular employee employer
and sometimes gets no
sleep

• Prepares policies,
procedures, and
memoranda for business

DAILY TASKS
 ENTREPRENEUR EMPLOYEE
• Has a flexible schedule • Has a limited number of
and can take unlimited vacation days imposed by
number of vacation days the employer

LEISURE TIME AND VACATION

 ENTREPRENEUR EMPLOYEE

• Taxed on the net income; • Taxed on the gross

can claim taxable income income; cannot use
deductions for allowable expenses incurred
expenses incurred by the related to the job related
business to the job such as food
and transportation
expenses to claim for
deductions from taxable
income

TAXATION
 ENTREPRENEUR EMPLOYEE

• Is comfortable in doing • May be comfortable with

multiple and challenging routines and minimal
tasks and takes risks; may also be
accountability with the comfortable in working
risks and profits of the for the company itself
business; does not want
to be confined in a box;
thinks outside the box or
sometimes thinks there is
no box

COMFORT LEVEL AT WORK

 CAREERS IN
ENTREPRENEURSHIP
• Sari-sari Store
• Rice Retailing
• Food Cart
• Printing
• Buy-and-Sell
• Street Food
• Flea Market
• Online Selling
• Cellphone loading
• Laundry and Dry Cleaning
• Hair Styling and MakeUp
• Spa, Gym, and Nail Care
• Video and Photography
• Tutorial
• Baking
• Website Development and
Design Blogging
• Direct Selling
• Car Wash and Car Care
• Bar, Café, and Restaurant
• Water station and LPG
Station