GOOD MORNING!

What comes to
your mind when
you hear the word
“Entrepreneur”?
“Entrepreneurship?
INTRODUCTION TO
ENTREPRENEURSHIP
OBJECTIVES:

1.Discuss the relevance of the course and

explain the key concepts of common
competencies

2. Explore job opportunities for entrepreneurship

as a career

3. Conduct an interview to three successful

entrepreneurs
Activity 1

In your notebook, write five (5)

Entrepreneurs and identify what are their
common traits. (10 minutes)
Question:
What characteristics can you
observe or see that are common among
entrepreneurs you have listed?
What do you need to possess
to become a successful
ENTREPRENEUR?

What is the relevance of

Entrepreneurship to an
organization?
RELEVANCE OF ENTREPRENEURSHIP
TO AN ORGANIZATION
1.Development of Managerial Capabilities - this means that one
of the benefits an entrepreneur gets is to develop his managerial
skills.
2. Creation of Organizations - which means that because of
entrepreneurship many organizations will exist.
3. Improving Standard of Living - this means that
entrepreneurship can lift up the economic status of an individual.
4. Means of Economic Development - this means that not only
the life of the entrepreneur is improved but also the society where
the business is located.
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 of
enterprise. The enterprise is created by an entrepreneur
and the process is called “Entrepreneurship.”

Entrepreneurs are innovators. They are willing to take the

risks and generate unique ideas that can provide
profitable solutions to the needs of the market and the
society.
Factors Affecting Entrepreneurship
1. Personality Factors which include:
a. Initiative - doing things even before being told.
b. Proactive - which means he can classify opportunities and seize it.
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.
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.
g. Risk-taker - which means that he is willing to gamble but he will
calculate it first.
2. 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.
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.

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 activity because it involves the creation
and operation of an enterprise with a view to creating
value or wealth by ensuring optimum utilization of limited
resources.
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.
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.
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.
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.
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.
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.
Activity 3. Self- Assessment
Direction: Find out if you have the qualities of an
entrepreneur. Put a check mark on the column
that identifies whether you have the qualities of
an entrepreneur or not.
Qualities YES NO
Risk Taker
Communicator
Leader
Opportunity Seeker
Proactive
Innovator
Decisive
SHORT QUIZ
HOME DELIGHT
Choose three successful entrepreneurs in your
community or nearby places and conduct an
interview using the guide questions below.
1. What motivated you to become an
entrepreneur?
2. What do you think are your characteristics and
competencies that made you a successful
entrepreneur?
3. What do you think of being employed? Why
you did not choose that path?
THANK YOU and GOD
BLESS! Stay safe
.