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Entrepreneurship Module 1 Student

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Cjhay Labrejos
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30 views27 pages

Entrepreneurship Module 1 Student

Uploaded by

Cjhay Labrejos
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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ENTREPRENEURSHIP

Entrepreneurship
Entrepreneurship is the process of creating a
`

business activity of value to the entrepreneur


and the community with the accompanying
initiative and risks.
Concept of
Entrepreneurship
The word “entrepreneur” was derived from the French verb
enterprendre,which means “to undertake.”
`
This is pinpointing
to those who “undertake” the risk ofenterprise.
The enterprise is created by an entrepreneur and the
process is called “Entrepreneurship.”
Rewards of going
into a business
1. Having unlimited opportunity to make
money `

2. Being your own boss


3. Tapping your creativity
4. Helping others
5. Building an entrepreneurial legacy
Risk of going into a
business:
1. Possibility of failure
`

2. Unpredictable business conditions


3.Long hours of work
4. Unwanted or unexpected
responsibilities
Opportunities provided by
the entrepreneurs
1. Employment and Income - They would be
able to provide employment chance for the
`
people and uplift their living

2. Investment - Individuals have now an


alternative on where, what and how to
make use of their money to grow
Opportunities provided by
the entrepreneurs
3. Taxpayers - Business helps the community
and the country source an income for the
`
development from the taxes they are obliged
to remit.
4. Service providers - The services they offer
will be enjoyed by the community in a
convenient way
Opportunites provided by the
entrepreneurs
5. Suppliers of products - They help bring
new products and ideas to the market. The
`

products they have to produce is something


needed by the community.
Factors Affecting
Entrepreneurship
Personality Factors and
`

Environment Factors
Factors Affecting
Entrepreneurship
Personality Factors which include:
a. Initiative - doing things even before being
`

told.
b. Proactive - which means he can classify
opportunities and seize it.
Factors Affecting
Entrepreneurship
c. Problem Solver - which means he can retain
good relations with other
`

people.
d. Perseverance - meaning he will pursue things
to get done regardless of
challenges.
Factors Affecting
Entrepreneurship
e. Persuasion - means that he can entice people
to buy even if they don’t want to.
`

f. A Planner - he makes plans before doing


things and does not fail to
monitor it.
Factors Affecting
Entrepreneurship
g. Risk-taker - which means that he is willing
`

to gamble but he will calculate it


first.
Factors Affecting
Entrepreneurship
Environmental Factors which include political,
`

climate, legal system, economic and social


conditions and market situations.
Common Competencies
in Entrepreneurship
1. Decisive - an entrepreneur must be firm in making
decisions.
`

2. Communicator - an entrepreneur must have a


convincing power.
3. Leader - an entrepreneur must have the charisma
to be obeyed by his employees
Common Competencies
in Entrepreneurship
4. Opportunity seeker - an entrepreneur must have
the ability to be the first `to see business chances.
5. Proactive – an entrepreneur can control a situation
by making things happen or by preparing for possible
future problems.
Common Competencies
in Entrepreneurship
6. Risk Taker – an entrepreneur has the courage to
pursue business ideas. `

7. Innovative - the entrepreneur has big business


ideas and he does not stop improving and thinking of
new worthwhile ideas for his business.
Core Competencies
in Entrepreneurship
1. Economic and Dynamic Activity - Entrepreneurship
is an economic activitybecause
`
it involves the
creation and operation of an enterprise with a view to
creating value or wealth by ensuring optimum
utilization of limited resources.
Core Competencies
in Entrepreneurship
2. Innovative – The entrepreneur constantly looks for
new ideas, thus he needs` to be creative.
3. Profit Potential - The entrepreneur can be
compensated by his profit coming from the operation.
Core Competencies
in Entrepreneurship
4. Risk bearing – The entrepreneur needs to
gamble but wise enough to offset the risk.
`
Types of Entrepreneurs
1. Innovative Entrepreneurs - They are those who always
make new things by thinking of` new ideas. They have the
ability to think newer, better and more economical ideas.
2. Imitating Entrepreneurs - They are those who don’t
create new things but only follow the ideas of other
entrepreneurs.
Types of Entrepreneurs
3. Fabian Entrepreneurs - They are skeptical about changes
to be made in the organization.
` They don’t initiate but
follow only after they are satisfied.
4. Drone Entrepreneurs - They are those who live on the
labor of others. They are die-hard conservatives even ready
to suffer the loss of business.
Types of Entrepreneurs
5. Social Entrepreneurs - They are those who initiate
changes and drive social innovation
` and transformation in the
various fields such as education, health, human rights,
environment and enterprise development.
Career Opportunities of
Entrepreneurship
1. Business Consultant - with the
` expertise of in the field of
entrepreneurship, he can be a very good source of advices
to other entrepreneurs and would be business men.
Career Opportunities of
Entrepreneurship
2. Teacher - a graduate of an entrepreneurship can use his
knowledge in teaching. `

3. Researcher - the entrepreneur can be employed as a


researcher by an enterprise.
Career Opportunities of
Entrepreneurship
4. Sales - the entrepreneurship graduate can apply as a
salesman. `

5. Business Reporter - the entrepreneur being expert in the


field, can be employed as a business reporter.

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