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Fundamentals of Entrepreneurship: FEBRUARY 3, 2021

The document provides information about an entrepreneurship seminar to be held on February 3, 2021 from 5:00PM to 8:00PM at the Don Mariano Marcos Memorial State University Mid-La Union Campus College of Graduate Studies. It defines entrepreneurs as individuals who create new businesses while bearing most risks and rewards. Entrepreneurship is creating a business to generate profit or solve problems. The document also discusses characteristics of Filipino entrepreneurs such as practicality, passion for business, confidence, hard work, leadership, and family values. Finally, it lists 10 common myths about entrepreneurs.

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Jezibel Mendoza
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89 views13 pages

Fundamentals of Entrepreneurship: FEBRUARY 3, 2021

The document provides information about an entrepreneurship seminar to be held on February 3, 2021 from 5:00PM to 8:00PM at the Don Mariano Marcos Memorial State University Mid-La Union Campus College of Graduate Studies. It defines entrepreneurs as individuals who create new businesses while bearing most risks and rewards. Entrepreneurship is creating a business to generate profit or solve problems. The document also discusses characteristics of Filipino entrepreneurs such as practicality, passion for business, confidence, hard work, leadership, and family values. Finally, it lists 10 common myths about entrepreneurs.

Uploaded by

Jezibel Mendoza
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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FUNDAMENTALS OF FEBRUARY 3, 2021

ENTREPRENEURSHIP 5:00PM-8:00PM

DON MARIANO MARCOS MEMORIAL STATE UNIVERSITY LHER VERELL S. PALABAY, DBA

MID-LA UNION CAMPUS


College of Graduate Studies
Entrepreneurship
Entrepreneur DEFINED
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
entrepreneur is commonly seen as an innovator, a source of new
ideas, goods, services, and business/or procedures.
Entrepreneurs play a key role in any economy, using the skills and
initiative necessary to anticipate needs and bring good new ideas to
market. Entrepreneurs who prove to be successful in taking on the
risks of a startup are rewarded with profits, fame, and continued
growth opportunities. Those who fail, suffer losses and become less
prevalent in the markets.
Entrepreneurship
Entrepreneur DEFINED
What Is an Entrepreneurship?
Entrepreneurship is the act of creating a business or businesses while
building and scaling it to generate a profit.

It is also about transforming the world by solving big problems. Like


bringing social change or creating an innovative product that
challenges the status quo of how we live our lives on a daily basis.
How Real Entrepreneurs Define Entrepreneurship

Altimese Nichole, Founder


of NicholeNichole shares: “Many are
excited to become an entrepreneur but
get discouraged when reality hits.
Entrepreneurship means staying
committed to your goals beyond your
feelings of excitement. Stay the course
and keep your ‘why’ in mind.”
How Real Entrepreneurs Define Entrepreneurship

Founder and CEO


of NeuroFlow, Christopher Molaro says,
“Entrepreneurship means being the one
that is willing to take a leap, work hard
enough to sacrifice everything else
around you, all in the name of solving
problems because no one else is
capable or possesses the desire.”
How Real Entrepreneurs Define Entrepreneurship

The meaning of entrepreneurship is a bit


different for Jolijt Tamanaha, Director of
Marketing and Finance of Fresh Prints, who
shares: “Entrepreneurs make their way down
a never-ending list of problems with grit,
passion, and energy. While intense, being an
entrepreneur means you get to live life
learning an incredible amount and maximize
your impact on the world because you have to
tackle the hardest problems.”
Characteristics of Filipino Entrepreneurs

Practicality and common sense


The most successful Filipino entrepreneurs are not
necessarily those who have the best education, or
have an impressive academic record.
Characteristics of Filipino Entrepreneurs

Passionate about business.


When a Filipino entrepreneur decides on what business he
will establish, usually it will be related to something he or
she is passionate about. This passion drives him to learn
everything possible about the products or services he is
offering to customers. The same passion also gives the
Filipino entrepreneur a strong commitment and
involvement in his enterprise.
Characteristics of Filipino Entrepreneurs

Confident and self-reliant


The Filipino entrepreneur is always hands-on and self-
reliant. When he is just starting out his business, he is
practically able to do everything involved in running
it-from finding the best suppliers to renting the place
of business, to the marketing, selling and customer
relations, and even accounting.
Characteristics of Filipino Entrepreneurs

Hard-working and goal-oriented


No one can doubt how hardworking the Filipino
entrepreneur is. His involvement in his business is nearly
absolute, to the point that his personal time for himself
and his loved ones is compromised. He is also goal-
oriented, and has the discipline to set smaller goals that
he will accomplish in order to meet his final objective.
Characteristics of Filipino Entrepreneurs

A leader and an innovator


The most successful Filipino entrepreneurs have
excellent leadership skills. He is able to convince
and influence his employees and his customers
positively. He is also able to innovate-to come up
with novel solutions when a challenging situation
arises.
Characteristics of Filipino Entrepreneurs

Value-oriented
Filipino entrepreneur has a set of values that
guides him in doing business. The greatest value
for a Filipino entrepreneur is his family.
10 Myths about Entrepreneurs

1. Entrepreneurs Are High Risk Takers


2. Entrepreneurs Are Born
3. Entrepreneurs Are Mainly Motivated to Get Rich
4. Entrepreneurs Give Little Attention to Their Personal Life
5. Entrepreneurs Are Often High-Tech Wizards
6. Entrepreneurs Are Loners and Introverts
7. Entrepreneurs Are Job Hoppers
8. Entrepreneurs Finance Their Business with Venture Capital
9. Entrepreneurs Are Often Ruthless or Deceptive
10. Entrepreneurs Have Limited Dedication

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