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 START UP - MAGSIMULA, PAGSISIMULA

The term startup refers to a company in the first

stages of operations.
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 Entrepreneurship is the ability and readiness to
develop, organize and run a business enterprise,
along with any of its uncertainties in order to
make a profit. The most prominent example of
entrepreneurship is the starting of new
businesses.
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 What Is an Entrepreneur?

An entrepreneur is an individual who creates a

new business, bearing most of the risks and
enjoying most of the rewards. The process of
setting up a business is known as
entrepreneurship.
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 > A person who undertakes the risk of starting a new business venture
is called an entrepreneur.

> An entrepreneur creates a firm to realize their idea, known as

entrepreneurship, which aggregates capital and labor in order to
produce goods or services for profit.

> Entrepreneurship is highly risky but also can be highly rewarding,

as it serves to generate economic wealth
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 > Ensuring funding is key for

> entrepreneurs: Financing resources include Small

Business Administration loans and crowdfunding.

>The way entrepreneurs file and pay taxes will depend on

how the business is set up in terms of structure.
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 Why Are Entrepreneurs Important?

> Entrepreneurship is one of the resources economists

categorize as integral to production, the other three being
land/natural resources, labor, and capital. An entrepreneur
combines the first three of these to manufacture goods or
provide services.
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 What Are Different Types of
Entrepreneurs?

1. Builder

Builders seek to create scalable businesses

within a short time frame.
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 2. Opportunist

Opportunistic entrepreneurs are optimistic

individuals with the ability to pick out financial
opportunities, get in at the right time, stay on board
during the time of growth, and exit when a business
hits its peak.
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 3. Innovator

Innovators are those rare individuals that come

up with a great idea or product that no one has
thought of before.
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 4. Specialist

These individuals are analytical and risk-averse. They

have a strong skill set in a specific area obtained through
education or apprenticeship. A specialist entrepreneur will
build out their business through networking and referrals,
sometimes resulting in slower growth than a builder
entrepreneur.
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 Types of Entrepreneurship

1. Small-business

Small business entrepreneurship refers to opening a business

without turning it into a large conglomerate or opening many
chains. A single-location restaurant, one grocery shop, or a retail
shop to sell goods or services would all be examples of small
business entrepreneurship.
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 These people usually invest their own money and
succeed if their businesses turn a profit, which serves
as their income. Sometimes, they don't have outside
investors and will only take a loan if it helps continue
the business.
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 2. Scalable startup

These are companies that start with a unique idea that can be
built to a large scale—think Silicon Valley. The hopes are to
innovate with a unique product or service and continue growing
the company, continuously scaling up over time. These types of
companies often require investors and large amounts of capital to
grow their idea and expand into multiple markets
Large-company.
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 3. Large-company

Large company entrepreneurship is a new business

division created within an existing company. The existing
company may be well placed to branch out into other
sectors or it may be positioned well to become involved in
new technology.
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 Ceo’s of these companies either foresee a new market
for the company or individuals within the company
generate ideas that they bring to senior management
to start the process and development.
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 4. Social entrepreneurship

The goal of social entrepreneurship is to create a benefit

to society and humankind. This form of business focuses on
helping communities or the environment through their
products and services. They are not driven by profits but
rather by helping the world around them.
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 ACTIVITY: A few questions to ask yourself:

1. Do I have the personality, temperament, and mindset of taking

on the world on my own terms?

2. Do I have the required resources to devote all my time to my

venture?

3. Do I have an exit plan ready with a clearly defined timeline in

case my venture does not work?

4. Do I have a concrete plan for the next "x" number of months or

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will I face challenges midway due to family, financial, or other

commitments? Do I have a mitigation plan for those challenges?
 5. Do I have the required network to seek help and
advice as needed?

6. Have I identified and built bridges with experienced

mentors to learn from their expertise?

7. Have I prepared the rough draft of a complete risk

assessment, including dependencies on external
factors?

8. Have I realistically assessed the potential of my

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offering and how it will figure in the existing market?

 9. If my offering is going to replace an existing product
in the market, how will my competitors react?

10.To keep my offering secure, will it make sense to get

a patent? Do I have the capacity to wait until I receive it?

11.Have I identified my target customer base for the

initial phase? Do I have scalability plans ready for larger
markets?

12. Have I identified sales and distribution channels?

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 > is the capcity and willingness to develop , organize
and manage a business venture along with any its
risksin order to make a profit.
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 > The entrepreneurial mindset as refers to a
specific state of mind which human conduct
towards entrepreneurial activities and outcomes
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 WHAT IS ENTRENEURIAL MINDSET?

1. ENTREPRENEUR - a person who organizes and

manages any entreprise , especially a business, usually with
considerable initiative and risks.

2. mindset - a mental attitude or inclination .

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 FIXED MINDSET GROWTH MIND SET

> INNATE > UNCHANGING SKILLS >RESULT OF HARD WORK

>CAN ALWAYS IMPROVE

> SOMETHING TO AVOID CHALLENGES > EMBRACE

> WILL REVEAL LACK OF > OPPORTUNITY TO CHANGE
SKILLOVERWHELM > CALLS FOR PERSEVERANCE

> NOT NECESSARY EFFORT > ESSENTIAL

> LINKED TO BEING NOT GOOD
ENOUGH
> PRODUCES DEFENSIVENESS
> PERSONALIZED
> BLAME OTHERS , NOT MY FAULT
> EASILY DISCOURAGING
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> LEADS TO MASTERY
FEEDBACK > USEFUL AND POSITIVE
> WELCOMED
> IDENTIFY AREAS TO IMPROVE
SETBACKS > OPPORTUNITIES TO LEARN FROM
> FOCUS ON MAKING CHANGES
 BUSINESS PLAN - A WRITTEN
DOCUMENT DESCRIBING THE NATURE
OF THE BUSINESS , THE SALES AND
MARKETING STRATEGY , AND THE
BACKGROUND ,AND CONTAINING A
PROJECTED PROFIT AND LOSS
STATEMENT .
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 > FOUNDATIONAL ENTREPRENEURIAL SKILLS:
1. MARKETING SKILLS.
IT IS THE ABILITY TO INTRODUCE YOUR PRODUCT AND
BUSINESS TO THE CUSTOMERS.

2. SALES SKILLS.
IT IS THE ABILITY TO CONVERT PROSPECT INTO PAYING
CUSTOMERS.

3. FINANCE SKILLS.
IT IS THE ABILITY TO STRATEGIES AND USE THE FINANCES
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PROPERLY TO CREATE MORE INCOME.

 4. PLANNING SKILLS.
IT IS THE ABILITY TO PLAN AND SET GOALS.
CREATING EFFECTIVE STRATEGIES TO MOVE
FORWARD.

5. BASIC MANAGEMENT SKILLS.

IT IS THE ABILITY TO CALCULATE THE PROS
AND CONS OF THE BUSINESS AND THROUGH
PROVIDING SUITABLE AND EFFECTIVE
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SOLUTIONS.
 6. LEADERSHIP SKILLS.
IT IS THE ABILITY TO LEAD PEOPLE
EFFECTIVELY INSPIRING THEM TO DO BETTER
AND BRINGING ON THE BEST THAT AN
INDIVIDUAL HAS.

7. COMMUNICATION SKILLS.
IT IS THE ABILITY TO INTERACT WITH
DIFFERENT KIND OF PEOPLE AND TRANSMITTING
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EFFECTIVELY AND CLEARLY.

 > 10 QUALITIES OF AN ENTREPRENEUR;

1. OPPORTUNITY SeEKING.
ENTREPRENEURS SEEK OPPORTUNITIES AND TURN IN
INTO BUSINESS .

2. PERSISTENCE.
DESCRIBES THE ABILITY TO PUSH AND PUSH TOWARD
THE FINISH LINE,EVEN IF THE FINISH LINES SEEMS
COMICALLY OUT OF REACH .ITS ABOUT TENACITY AND
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STUBBORN NESS.
 3. COMMITMENT TO WORK.
CONTRACT- ENTREPRENEURS STAND AND
COMMITTED OF WHAT THEY’VE SAID.THERE ARE
NEITHER REASONABLE REASONS NOR
EXCUSES.WHATEVER THEY PROMISED TO THEIR
CLIENTS, ENTREPRENEURS MUST BE COMMITTED TO DO
IT ON OR BEFORE THE GIVEN DEADLINE REGARDLESS
OF THE ROAD THEY ARE TAKING OF.
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 4. DEMaND EFFICIENCY AND QUALITY.
ONE KEY FOR A SUCCESSFUL ENTREPRENEUR IS
SATISFYING THE CLIENT’S NEEDS AND DEMANDS
WHICH WILL ACHIEVE THROURGH EFFICIENT
SERVICE AND QUALITY PRODUCTS. IT IS IN THEIR
BLOOD TO GIVE THE “BEST” AND ACHIEVE
“EXCELLENCE”
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 5. RISK TAKING.
ONE CAPACITY OF AN ENTREPRENEUR IS TO
KNOW WHEN TO TAKE THE OPPURTUNITY AND
CALCULATE THE RISK TO AVOID THE POSSIBILITY
OF KILING THE VENTURES BECAUSE OF TOO
MUCH TAKING.

6. GOAL SETTING.
SUCCESSFUL ENTREPRENEURS SET AND
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ACHIEVE GOALS ACCORDINGLY AND STRETCH

THEIR SELVES TO THE WIDEST POSSIBILITY THEY
 7. INFORMATION SEEKING.
AN ENTREPRENEUR NEVER STOPPED ON
SEEKING VALUABLE INFORMATION THAT
CONTRIBUTES TO ITS SUCCESS AND FURTHER
INNOVATIONS.

8. SYSTEMATIC PLANNING AND MONITORING.

ONE KEY TO ACHIEVED GOALS IS THE
SYSTEMIC PLANNING AND MONITORING .
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 9. PERSUASION AND NETWORKING.
ENTREPRENEUR MUST KNOW “WHEN” AND
“WHOM” THEY SHOULD PURSUE
POTENTIALSLOYAL CLIENTS. THEY BUILD BETTER
RELATIONSHIP AND SYNERGIZE IDEAS AND
EXISTING RESOURCES.

10. SELF-CONFIDENCE.
SELF-CONFIDENCE IS A KEY PART FOR THE
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SUCCESS OF A BUSINESS .IT IS DIFERRENCE

BETWEEN HAVING FAITH IN YOUR SELF AND
 CAREER OPPORTUNITIES
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 > REWARDS IN BUSINESS:

1. High possibilities for greater income.

you can set your target income freely and work hard it.
because you manage your own business, you can now reach
out an take actions to allow opportunities out there that can
create an income and will prosper your business.
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 2. “be your own boss”. you are the boss to your own
business.
including the time, making decision settings of goals,
when to say “yes” or “no” and everything. but just be
reminded that everything you made has consequences. so as
an entreprenuers, it is a challenge for you to lead your
buisiness and your people in a right direction and in a right
way.
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 3. opportunity to stretch and use your own capacity and
creativity.
there is a wide opportunity for you to stretch an use your
capacity as an entreprenuer. no one will stop you if you will
do something and create something. only yourself if you
allow it. youself is th eone who bring the inner drive you
possess to offer great ieas that can change the world.
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 4. opportunity to help others.
through your business you can partner and help
with social economic supplier from the community
and provide jobs opportunities to people out there,
neighboors to your family member.
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 5. build an entrepreneurial legacy.
just like henry sy who is the founder of sm which is widely
knoen its influence in business; nd donald trump who started the us
reality game show which is a program of aspiring businessmen and
woman who competes “the apprentice”. mr. sy and mr. trump is a
legacy and inspire other people to achieve more through their
dicipline and right attitude which made them to where they are
right now. the legacy they made will transferred to their next youth
and many generations.
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 > risks IN BUSINESS:

1. possibility in failure.
in having a business, not all the time will gain profits and
wou will be successful. there are some times that you will
experience failure but as an entrepreneur, it is a challenge to
face that failure and use it as an opportunity, learn from
your mistakes and start over again.
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 2. unpredictable state in industry.
time to time the supply and demands are quickly
changing entrepreneur, problems are great
opportunities to seek possibilities. you can now
strategic respond positively to the changes that is
always moving around.
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 4. wider range of responsibilities
this is very true most specially in a newly start up business that
one who will be responsible in everything in your business. from
planning, marketing, negotiation, finance, and people - if sooner
or later you can already afford to hire people. but it is also let you
explore things and memorize how does a business work. when you
know how your business, you are less from the risk that your
employee may cheat you because you knoow how it needs and
what are the resources needed for it to be done.
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 Activity: Qualities of an Entrepreneur

Objectives:

1. Analyze the qualities of an entrepreneur

2. Enable to show honesty to oneself
3. Assessment on personal qualities
4. Apply the qualities of an entrepreneur
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 3. longer time of working hours
it requires you longer hours in a day to work than a
regular does. this will happen most especially if you
don’t have employee yet. but sooner or later, endure
the pain through the reward that your business may
give you back according to the hard things you have
done.
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 Activity: Qualities of an Entrepreneur

Instructions:

1. Self-assessment. Assess and rate yourself from 1 - 10 (1 is

the lowest and 10 is the highest) if you (already) possess the
quality listed below.
2. Identify at least five (5) that you will act upon to achieve a
higher (highest) rating for each of the quaities of an entrepreneur
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listed below by the end of the course.

 Activity: Qualities of an Entrepreneur

Instructions:

3. At the end of the course, ask the students to compare their

initial ratings to their final rating.
4. After filling out their initial rating, divide the class into smaller
group.
5. Ask them to share among their group mates the initial rating
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they have.
 Activity: Qualities of an Entrepreneur
INITIAL RATINGS
RATINGS After
TODAY STRATEGIES (Cite
QUALITIES OF AN ENTREPRENEUR (End of the
(Begenning of the at least five (5))
course)
Course)
1. Opportunity Seeking
2. Persistence
3. Commitment to work-contract
4. Demand Efficiency and Quality
5. Risk taking
6. Goal Setting
7. Information seeking
8. Systematic Planning and Monitoring
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9. Persuasion and Networking

10. Self-confidence
 Activity: Qualities of an Entrepreneur

Suggested guide processing questions:

1. How do you find the activity?

2. How does it feel sharing your initial rating with you classmates?
3. How does it feel listening to your classmates’ ratings?
4. What did you notice among the ratings shared?
5. What drives you in achieving the highest rating to each quality of an
entrepreneur?
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 THANK YOU SO MUCH!
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― Irene M. Pepperberg
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 (1) ________ Greek literature refers to any literary work (poetry, prose, drama)
written in the Ancient Greek
language, from the earliest texts until roughly the rise of the Byzantine Empire. The
first is a faithful depiction
of the poverty-stricken country life and the second is a systematic account of
creation and of the (2)
_________. Ancient Greek tragedy, (3) ____________, and satyr developed around
Greece’s theatre
culture. All of them were particularly developed in (4) _____________, so most
works are written in the Attic
dialect. Aeschylus, Sophocles, and Euripides are the most well-known tragedy
writers, while Aristophanes is
the most famous comedy writer. There were countless important Greek philosophers
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in Ancient Greece, but

Socrates, Plato, and (5) ____________ tower above the rest.
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 Direction: Match Column A with Column B. Choose the letter only and write it on the blanks provided.
V. ANALYSIS, APPLICATION AND EXPLORATION
Finally, let us summarize the lesson of what we had
discussed today.
Aristotle Comedy Ancient gods Athens
COLUMN A
1. ZEUS
2. HERA
3. APOLLO
4. HERMES
5. HADES
6. ATHENA
7. ARES
8. EROS
9. APHRODITE
10. POSEIDON
COLUMN A
A. god of war
B. god of the sea
C. god of love and desire
D. goddess of marriage
E. king of gods
F. god of healing
G. goddess of wisdom
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H. goddess of love and beauty

I. heavenly messenger
J. god of death
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GENERALIZATION:

• GIVE THE THREE (3) FORMS OF

APPROACHES IN COMMUNITY
DEVELOPMENT?

• SUMMARIZE THE TOPIC THAT WE DISCUSS?

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 Get ¼ paper or any kind
of paper !!!
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 QUIZ: true or false

1. Technical assistance approach - deliberation and

confrontation of those occupying positions of authority
and professional officials who are charged with the
responsibility of decision-making for the community.

2. Self-help approach - emphasizes processes that

encourage community members to work together,
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collaborate, and formulate decisions and actions.

 3. Conflict approach - These actors are contracted by
community members to solve specific problems.

ENUMERATE:
4-6 Give the 3 methods and strategies community
development?
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7-10 Give 4 phases of community action?

KEY ANSWER:
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 1.False
2.True
3.False

4-6
-Community organizing,
-Community resource management,
-Community education and learning.
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 7-10

● Establishing links and partnership-building with local groups;

● Community profilings

● Needs and resources assessment;

● Participatory action planning and leadership development;

● Resource mobilization;

● Plan implementation; and

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● Monitoring and evaluation

 Thank you!
Do you have any questions?
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