Entrepreneurship & Its Benefits

Overview of
Entrepreneurship
Entrepreneurship
Kassandra Kay K. De Roxas, MMT

What comes to your mind?
Sino Ako?
Guess the pictures to be flashed on the screen.
Ka Padua – Ka Boy
Reflect Upon:
Describe the nature of business of Ka
Padua’s Store. What good or services
are offered by this business? What if
this business does not exist? How
would this affect our community?
What is Entrepreneurship?
Entrepreneurship is a proactive process of
developing business venture to make a profit.
It involves seeking opportunities for a market,
establishing and operating a business out of the
opportunity and assessing its risks and reward
through close monitoring business operations.
It is the science and art of starting a new business.
It is transforming the world by solving big problems.
Think About It!
What is the difference between
entrepreneur and
businessman?
Entrepreneur or
Businessman
It’s my idea really I don’t care whose idea it is
Change the world Make money
Realist Adventurer
Sell the product Invent the product
Doer Thinker
Being an entrepreneur may seem difficult, but it can
be rewarding if the enterprises flourishes.
An entrepreneur is successful if the business that he
or she envisioned has materialized into a thriving
industry with regular customers and financial
gain.
He or she either decides to maintain his or her
business or expand. This eventually reflects on
the society and the economy as a whole.
Overview of
Entrepreneurship
Entrepreneurship
Kassandra Kay K. De Roxas, MMT

Define Entrepreneurship.
REVIEW: RECITATION
What is the difference
between entrepreneur and
businessman?
REVIEW: RECITATION
Societal and Economic Benefits
of Entrepreneurship
1. It amplifies economic activities of different sectors of society.
2. It produces more jobs that equate to an increase in national
income.
3. It introduces new and innovative products and services.
4. It improves people’s living standards.
5. It disperses the economic power and creates equality.
6. It controls the local wealth and balances regional
development.
7. It reduces social conflicts and political unrest.
8. It elicits economic independence and capital formation.
Societal and Economic
Benefits of Entrepreneurship
1. Entrepreneurship amplifies economic activities
of different sectors of society.
 Millions of unemployed people will have the
opportunities to have a decent occupation.
 Small businesses produce jobs and create wealth.
2. Entrepreneurship produces more jobs that
equate to an increase in national income.
 A simple eatery in a
rural area and a coffee
shop in an urban area
both ignite economic
activity regardless of
their business scale.
3. Entrepreneurship introduces new and
innovative products and services.
 New products and
services are always
available in the market
because of the ingenuity
of entrepreneurs to seek
opportunities and
improve on them.
4. Entrepreneurship improves people’s living
standards.
 How can you look good if not for the services of
your nearby salon or barber shop?
 How can your day be complete without the food
that a nearby eatery cooks?
 How can you live without the sari-sari store near
your house where you buy your basic needs?
5. Entrepreneurship disperses the economic
power and creates equality.
 It balances the economy by distributing national
income to more businesses rather than to only few
monopolies.
6. Entrepreneurship controls the local wealth and
balances regional development.
 It makes sure local resources are used properly
and that every area has an appropriate allocation
of resources.
7. Entrepreneurship reduces social conflicts and
political unrest.
 Imagine if there are no or only few sari-sari or
supermarket stores in your area. All of you will
then fight for the food supplies because the store
cannot supply all your needs.
8. Entrepreneurship elicits economic
independence and capital formation.
 A country with more entrepreneurs is highly likely
to become financially independent and will less
likely need the help of other countries. This also
applies to families, barangays and cities.
 Entrepreneurship creates wealth instead of
borrowing wealth.
Societal and Economic Benefits
of Entrepreneurship
1. It amplifies economic activities of different sectors of society.
2. It produces more jobs that equate to an increase in national
income.
3. It introduces new and innovative products and services.
4. It improves people’s living standards.
5. It p disperses the economic power and creates equality.
6. It controls the local wealth and balances regional
development.
7. It reduces social conflicts and political unrest.
8. It elicits economic independence and capital formation.
Reflect Upon
Among the 10 Societal and Economic Benefits
of Entrepreneurship, which do you think is the
most evident in our community? Explain your
answer.
3, 2, 1 Journal
Quiz
No. 1
P erformance
Write a Reaction Paper based on the
success story of Henry Sy, Sr. in short
Task bond paper. Use the prescribed format:
No. 1 1. Summary of the success story of Mr
Henry Sy, Sr.
2. Answer the following questions:
a. What were his motivations in
becoming an entrepreneur?
b. What are his characteristics that
made him a successful entrepreneur?
3. After reading his success story, what
are your realizations?
Deadline:
June 17, 2019 (Monday)

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Overview of

Kassandra Kay K. De Roxas, MMT

Kassandra Kay K. De Roxas, MMT

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