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Week 1 - ENTRERENEURSHIP

The document discusses entrepreneurship including defining it as a proactive process of developing business ventures to make a profit. It examines the benefits of entrepreneurship and lists common traits of successful entrepreneurs such as being innovative, calculating risks, and having strong communication and leadership skills. It also outlines five levels of entrepreneurial development from self-employed individuals to true entrepreneurs who achieve business growth through delegation and additional investments.

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Loreen Lucana
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28 views23 pages

Week 1 - ENTRERENEURSHIP

The document discusses entrepreneurship including defining it as a proactive process of developing business ventures to make a profit. It examines the benefits of entrepreneurship and lists common traits of successful entrepreneurs such as being innovative, calculating risks, and having strong communication and leadership skills. It also outlines five levels of entrepreneurial development from self-employed individuals to true entrepreneurs who achieve business growth through delegation and additional investments.

Uploaded by

Loreen Lucana
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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ENTRERENEURSH

IP
Introduction to Entrepreneurship
BILL MARK
JACK MA ELON
What is Entrepreneurship?
ENTREPRENEURSHIP
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
opportunity
• Assessing its risks and rewards through
monitoring of operations
Brainstorming about Benefits of Entrepreneurship
in the socio-economic world
Societal and Economic Benefits of Entrepreneurship

1. Produce
more jobs with 2. Introduces
an increase in new products
the national and services
income
3. Forms
economic 4. Improves
independent people’s living
countries with
own capital
standards.
formation
Who are the Entrepreneurs?
>Entrepreneur = French origin, entre “between”
and pendre means “to take”

>Individuals with the innate ability and


extraordinary dedication to establish and manage
a business, acknowledging all the risks and
reaping its rewards.
An entrepreneur is
successful if the business
that he/she envisioned
has materialized into
thriving with regular
customers and financial
gain.
Yezimae or
witchikels!
The Common Traits of Entrepreneurs
Address problems before they
come, rather than when it already
happened.
Innovative, and can see
opportunities in complex
situations.
Calculate risks before jumping to
it.
Has interpersonal and social skills

Has good communication skills

With a heart as a leader

Decides based on experience and


knowledge, not impulsive.
If you got 5-6
Yezimae, you
might be a
successful
entrepreneur!
FIVE LEVELS OF ENTREPRENEURIAL
DEVELOPMENT

1. Self- 2. Manager 3. Leader 4. Investor 5. True


Employed Entrepreneur
1.Self-employed
• Self-reliant that results to exhaustion
• Then, realization that business
should work for them and not the
other way round
2. The Manager
• Delegate and hire employees to do the
work
• Then, they hired people who do not know
the demands of the business that results to
problems. Then?
• Manager will assess their strengths and
weakness and create a position job
description
3. The Leader
• Producing great results with minimal
supervision
• Recognize key leaders in the field
• Leaders now focus on the big picture and
strategic direction of their business
4. The Investor
• Look for more opportunities for business
to grow
• Purchase one business that will add
value/contribution to their company
• Delegate a manager for the operations
5. The True Entrepreneur
• With quality and excellence in work
• Achieved: idealization-visualization-
verbalization-and-materialization
Another brainstorming activity about most common small business
in the Philippines, then write on the board

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