ENTREPRENEURSHIP JOJO R.

GERONIMO
subject teacher
OBJECTIVE:
At the end of this lesson, the learners should be able to:
A. define entrepreneur and entrepreneurship;
B. enumerate the salient features of entrepreneurship; and
explain each feature.
 french word, “entreprendre” – “to
Entreprene undertake”
ur who strongly advocates and correctly practices the
concepts and principles of entrepreneurship in
operating self-owned business venture.
Enterpris
e

particular field of practice or process.

Entrepreneurship Art of observing correct practices in
managing and operating a self-owned
business venture.
 business or enterprise that correctly
adopts and practices the principles of
Small Business entrepreneurship

owned by one person with workforce not

more than 20 persons.

business operated by an owner who is

Ordinary not an advocate of concepts of
Small Business entrepreneurship.
THINGS TO REMEMBER!
1. Entrepreneurship is NOT a mere opening a business.
2. Knowing all the entrepreneurial concepts will NOT
assure a person of becoming a successful entrepreneur.
3. There is no universally accepted definition of
entrepreneurship.
SALIENT FEATURES OF
ENTREPRENEURSHIP
P
Provides valuable goods and services
A
Art of correct practices
W
Wealth-creating venture
O
Opening and managing self-owned business
R
Risk-taking venture
 Provides valuable
goods/services
Risk-taking Art of correct
venture practices

Entrepreneurshi
p

Opening and Wealth-creating

managing self- venture
owned business
PROVIDES VALUABLE
GOODS/SERVICES.
The mere act of selling goods or providing services does
not make a person perform or act within the concept of
entrepreneurship.
Entrepreneur defines value from the perspective of the
buyers.
Entrepreneur offers a valuable goods or services.
ART OF CORRECT
PRACTICES
Entrepreneurship is an art and not a science.
Entrepreneurship is not static.
As an art, entrepreneurship is closely related to creativity.
Creativity results in new ideas which are the backbone of
entrepreneurship.
As a future entrepreneur, one should always remember that
nothing is permanent in the field of entrepreneurship.
WEALTH-CREATING VENTURE
Wealth is not the same as profit.
A business is considered a wealth-creating venture when
it benefits the owner, consumers & the community.
OPENING AND MANAGING
SELF-OWNED BUSINESS
A business must be self-owned in order to qualify as an
entrepreneurial endeavor. A self-owned business is considered
when the person managing its daily activities is also its owner.
Planning is an important principle in management. It refers to the
process of setting the goals of the business.
RISK-TAKING VENTURE
“Risk is inherent in an entrepreneurial venture.”
The risk in entrepreneurship is called a business risk.