INTRODUCTION TO

ENTREPRENEURSHIP
 CONTENTS:
 Relevance of the course
 Key concepts and common
competencies
 Core competency in
Entrepreneurship
 Career opportunities
 LEARNING
COMPETENCIES:

 Discuss the relevance of the

course;

 Explain the key concepts of

common competencies;

 Explain the core competencies

in Entrepreneurship; and

 Explore job opportunities for

 LESSON 1: RELEVANCE
OF THE COURSE
 Entrepreneurship as a course.

Entrepreneurship is a discipline
where individuals based from their
experiences, habits, innovations,
and skills are being executed to
form a profit-generating activities.
Entrepreneurship is thus
important for a number of
reasons, from promoting social
change to driving innovation.
 LESSON 1: RELEVANCE
OF THE COURSE
 Entrepreneurship Help in the Economic
Growth.
New and existing business ventures helps in
the economic growth and help jobless to earn
profit and income from the knowledge and
skills they have. Careers in entrepreneurship
stated that entrepreneurs start new business
and take on the risk and rewards of being an
owner.

One of the best opportunities in

entrepreneurship as a career is that you have
broad of options and open to many
possibilities to growyour business. This may
include; IT services, tutorials, media, clothing,
 LESSON 1: RELEVANCE
OF THE COURSE

Entrepreneurs first do
business where they are good
at and where their talents and
resources can be utilized to
create good money.
 LESSON 1: RELEVANCE
OF THE COURSE
 DRIVERS OF ENTREPRENEURSHIP.
1. Need Entrepreneurship - this
consider those who do not have no
option but to go into business for
themselves.

2. Opportunity Entrepreneurship - this

is another driver of entrepreneurship
wherein individuals see opportunity to
pursue the business due to available
resources and they are also doing
their passion in conducting the
 LESSON 1: RELEVANCE
OF THE COURSE
 ENTREPRENEURSHIP AS SOURCE OF
OPPORTUNITIES.

There are some businesses that can generate

income but does not necessarily need physical
shop or capital. As per Chinkee Tan, the referral
system and offering your skills can be a good
business but do not require capital at all.

People always experience different needs

depending on their age, situation, sex, religion,
beliefs, occupation, status in life, marital status,
educational attainment, profession, and others.
People have complex needs and because of the
complexity of needs, a lot of opportunities to
establish a business is highly needed.
 LESSON 1: RELEVANCE
OF THE COURSE

 ENTREPRENEURSHIP AS
SOURCE OF OPPORTUNITIES.

Customer needs are unique per

individual and this is the reason
why businesses struggle to
motivate. Entrepreneurs
continue to innovate, and this
make the business survives
decade after decade.
 LESSON 1: RELEVANCE
OF THE COURSE
 PROFILING OF CUSTOMERS.

Customers’ profile is important such as the age,

income, gender, profession, education, family size,
marital status, employed or not are the profile
needed to considerto be able for an entrepreneur to
cater the need of each consumer. Entrepreneurs
called in positioning the market. It is highly
important to identify the number of consumers who
will purchase the product or service in the
community and others.

Market segmentation where large number of

customers are break down to smaller target market
to concentrate on the most suitable needs. Each
group requires different strategies and marketing
mix (product, place, promotion, and price] depending
on the different wants and needs.
LESSON 1: RELEVANCE
OF THE COURSE
 LESSON 1: RELEVANCE
OF THE COURSE
 WANTS AND NEEDS.

NEEDS are the things that are needed

for an individual to survive. This include
primary needs which are called
physiological needs sch as shelter,
clothing, air to breathe food,
reproduction, sleep, and water.These are
the things indeed necessary for a person
to survive.

WANTS are the things also need by

individuals, but they can survive without
 LESSON 1: RELEVANCE
OF THE COURSE
 ENTREPRENEURIAL ACTIVITIES AS A SOURCE OF
INCOME.

Selling products is a kind of entrepreneurial business.

Capital is the term used for the money to invest in the
business. Sales is the total of capital and the profit
generated from the sales. And lastly, profit is the term
use in by subtracting the sale amount to the capital.

Price is the term used to the value of the product you

are buying. This includes the input cost, labor and the
mark up an entrepreneur wants to put on top of the
cost.

Example; Aling Nena sells turon, she spends 200 pesos

in producing 20 pieces turon, she is selling the turon
for 12 pesos, after selling all the turon, she generates
240 pesos. So, to know how much her profit is;
 LESSON 1: RELEVANCE
OF THE COURSE

 Example; Aling Nena sells turon, she

spends 200 pesos in producing 20
pieces turon, she is selling the turon
for 12 pesos, after selling all the
turon, she generates 240 pesos. So,
to know how much her profit is;
Profit = Sales - Capital
= Php 240 - Php 200
= Php 40
Therefore, Php 40 pesos is now her
 CONCEPTS AND
COMMON
COMPETENCIES
ENTREPRENEURSHIP DEFINITION:

Entrepreneurship – is the capacity and

willingness to develop, organize and
manage a business venture along with
any of its risks in order to make a profit.

Entrepreneurship meaning includes:

- newness
- Organinizing
- Creating
- Wealth
- Risk taking
 CONCEPTS AND
COMMON
COMPETENCIES
ENTREPRENEUR meaning:

Entrepreneur – is derived from a

French word:
“entre” meaning between
“prendre” meaning “to take”

Originally to describe:
- people who take on the risk
between buyers and sellers or who
undertake a task such as starting a
new venture.
 CONCEPTS AND
COMMON
COMPETENCIES

Entrepreneur – is an individual who

creates a new business, bearing
most of the risks, and enjoying most
of the rewards.

Our common understanding:

. The boss
. The business owner
. The risk taker
. One who starts a small business
 LESSON 2: THE START
OF ENTREPRENEURSHIP
IN THE PHILIPPINES

Known as developing countries, Philippines

is always challenged by high poverty rate
compared against countries in Asia.
Although the country has a growing
average of 6% economic growth, still
poverty prevalence is beyond 20% of the
total population.
Entrepreneurship has become the solution
to poverty through job formation, wealth
creation, and social empowerment.
For now, the Philippine government sees
entrepreneurship as the sole means to
address the poverty problem. Hence,
entrepreneurial ventures are really being
encouraged.
 LESSON 2: THE START
OF ENTREPRENEURSHIP
IN THE PHILIPPINES
The 1987 Philippine Constitution identifies
entrepreneurship as an instrument of economic
growth. The role of private enterprises in supporting
fair distribution of income and wealth, satifying
production of goods and services and escalating
productivity. The intention here is to raise the
quality of Filipino’s lives. Also, is to strengthen the
Philippine’s competitiveness and contribute to job
formation.

Over the years, the evolution of entrepreneurship

has been influenced by fast integration of economies
and globalization of markets. Traditionally, the
concept of entrepreneurship is just to support the
different factors of production.
These days, entrepreneurship involves the capacity
to see an opportunity, come up with an idea and
organize all the resources and skills and form
business ventures not just locally but internationally.
 INTRODUCTION 2: THE
START OF
ENTREPRENEURSHIP IN
THE PHILIPPINES
In the Philippines, the Philippine Chamber of Commerce
and Industry, the agency under the office of the
President is an advocate of entrepreneurship which
formed the Philippine Center for Entrepreneurship
(PCE). So far, PCE has created the “Go Negosyo
Communities” everywhere. The academic, business and
government sectors have collaborated to form these
communities. Professors, entrepreneurs, industry
experts, and venture capitalists had joined hands to
constantly network, mentor and cooperate to support a
feasible policy infrastructure. All “Go Negosyo”
communities have their abilities to continuously create
start-up ventures.

Today, entrepreneurship lessons are embedded into the

school curriculum to cultivate a culture of enterprise
and nurture tomorrow’s competitive entrepreneurs. In
the secondary particularly in the Senior Level, values
and mindsetof entrepreneurs are taught. At the College
level, Bachelor in Entrepreneurship is now a complete
 INTRODUCTION 2: THE
START OF
ENTREPRENEURSHIP IN
THE PHILIPPINES

The country has now regarded

entrepreneurship as a way of thinking and
not just an economic term. These days,
entrepreneurship has become a way of
motivating innovative individuals to pursue
opportunities regardless of its risks.
Although the challenge for the Philippines
is to provide good leadership that can help
social reforms through entrepreneurship.
With this leadership, entrepreneurs can
surely propel the economy and the society
in progress.
 INTRODUCTION 2: THE
SKILLS IMPORTANT IN
ENTREPRENEURSHIP

In the creation of approach, entrepreneurs

are able to learn through action and
manage uncertainty by developing these
five important skills. These skills could only
work for those who are eager to take
action. In order to develop these skills, an
entrepreneur needs to learn by doing.
Putting an idea into is the most important
thing to live a more entrepreneurial ang
influencing life.
 INTRODUCTION 2: THE
SKILLS IMPORTANT IN
ENTREPRENEURSHIP

1. 1. The Skill of Play

2. An entrepreneur with the skill of play usually allows
his imagination to explore, exposes his mind to a
treasure of opportunities and potentials and is very
innovative. It was Piaget, the well known child
psychologist who had been commending the benefits
of play for decades.

3. Going back to those playing moments during one’s

childhood days. Having fun and being playful makes
a person more attractive, involved, thrilled and
excited. Entrepreneurhip can be fun also.
Entrepreneurs may benefit and enjoy as if playing
while doing creative things that can boost
relationswith others, solving problems, ideation and
other exercises. Entrepreneurs may try more serious
educational games such as simulations, role playing
and reality games that may challenge their
 INTRODUCTION 2: THE
SKILLS IMPORTANT IN
ENTREPRENEURSHIP

1. 2. The Skill of Experimentation

2. The skill of experimentation calls for
entrepreneurs to act so as to learn.
Acting to learn means attempting to do
something, learning from such attempts
and structuring said learning when the
next thing similar happens.
Experimentation in entrepreneurship refers
to making action. Action could be in the
form of going out in the streets and
gathering real time data instead of just
using Google to find information. This could
be done by asking questions, confirming
assumptions and nothing every detail in
consideration.
 INTRODUCTION 2: THE
SKILLS IMPORTANT IN
ENTREPRENEURSHIP

1. Most new products and/or services

undergo experimentation. New products
usually need to be evaluated for
viability. Before launching said products
and/or services the company must know
through experimentation if there will be
the people who will really buy them.
2. The company may also find information
on how to improve these offerings in
order to avoid failures.
 INTRODUCTION 2: THE
SKILLS IMPORTANT IN
ENTREPRENEURSHIP
1. 3. The Skill of Empathy
2. The skill of empathy means being sympathetic
with the feeling, situation, purposes, opinions
and wants of other people.
3. Empathy is putting one’s shoes in the shoes of
others. Simply, it is relating to the feelings of
others when placed in similar circumstance.

4. Empathy is so vital to an entrepreneur. It is

significant in order to completely understand the
reality of becoming an entrepreneur. In addition,
empathy is needed when oneself in terms of the
ability to be an entrepreneur. Placing oneself to
the shoes of these entrepreneurs, a person could
imagine himself being in their situation. Besides,
empathy can help in having relationship with
stakeholders as their needs are determined so
that new products and services could be created.
 INTRODUCTION 2: THE
SKILLS IMPORTANT IN
ENTREPRENEURSHIP

1. 4. The Skill of Creativity

2. The skill of creativity means being open-
minded and letting loose ones ability to
create, discover opportunities and resolve
problems.
3. Based from researches, entrepreneur
students are more creative compared to
students in other business course. The
intention in using the skill in creativity is not
just to discover or search for opportunities
but to form them.

4. Creating opportunities depends on how much

an entrepreneur desires to learn, how
interested he is and how much effort he
would invest to apply his idea/s. Anyone may
have ideas, but ideas could only be great
 INTRODUCTION 2: THE
SKILLS IMPORTANT IN
ENTREPRENEURSHIP

1. In addition, creating opportunities could

only be successful based on the amount
of resources at hand., the capability to
cooperate rather than compete, the
determination to form the relationship,
the understanding on how much one can
afford to lose and the preparedness to
use ones knowledge incase of failure.

2. With creativity, fear and apparent

difficulties could be dismissed. The
courage to take action despite risky and
uncertain situations would be possible
with creativity in doing something of
significance.
 INTRODUCTION 2: THE
SKILLS IMPORTANT IN
ENTREPRENEURSHIP

1. 5. The Skill of Reflection

2. In order to make sense of the previously
discussed skills, an entrepreneur should
develop the skill of reflection.

3. Reflection organizes all the four skills

mentioned. Taking time to reflect , is
the most vital skills of all skills. The
discomfort handled, the feelings felt
and the knowledge possessed gives new
perspectives and allow for more
assessment of the results and forming
of conclusion, which can be done
through reflection.
 INTRODUCTION 2: THE
SKILLS IMPORTANT IN
ENTREPRENEURSHIP

1. Without doubt, reflection is essential and the

beneficial but not practiced very often. It
seems only few people do these, possibly
because people do not really know how to
reflect.

2. 1. Narrative – it is describing what happened

in terms of what took place, what was said and
the people involved.

3. 2. Emotional – This centers on the feelings and

the management of these feelings during a
certain situation.

4. 3. Perceptive – It focuses on ones insights and

feedbacks as well as the others in addition to
how various views, needs or inclinations
 INTRODUCTION 2: THE
SKILLS IMPORTANT IN
ENTREPRENEURSHIP

1. 4. Analytical – it is rationalizing about

skills and understanding obtained from
an experience and relating what has been
learned to anything heard about before.

2. 5. Evaluative This concerns on what went

as well as what went bad or whether the
experience was useful or not.

3. 6. Critical – This is considering the role

played in a situation, the approach
applied, what could still might be done,
the lessons from the experience, queries
in mind and the anticipation of the
possible result.
 INTRODUCTION 2: THE
SKILLS IMPORTANT IN
ENTREPRENEURSHIP

1. When reflecting, an entrepreneur

considers an experience that has
transpired and attempts to understand
or explain it. This often leads to insight
and deep learning or ideas to examine
new experiences.
 LESSON 2: THE TRUTHS
ABOUT
ENTREPRENEURSHIP
1. There are really no shortcuts when it comes to
entrepreneurship. Entrepreneurs must understand
that it is a hard commitment and there is no quick
formula for success.

2. Here are some truths about Entrepreneurship:

3. 1. Entrepreneurship is Not Solely for Startups:

4. A startup is a new company that is just starting to
progress and looking for a feasible business
model. Startups are typically small and primarily
funded and by a few founders or one person.
5. Traditionally, when a person starts a business, he
is called an entrepreneur.
6. An entrepreneur forms a business from research
on the feasibility of a business idea or business
model. The funding for the business usually comes
from the relatives or from the entrepreneur
 LESSON 2: THE TRUTHS
ABOUT
ENTREPRENEURSHIP

1. A business does not remain to be a

startup, because it can always develop
and progress into something bigger.
Being a startup is not the only track for
entrepreneurs.

2. Entrepreneurs can be all over, from

companies to franchises, to profit and
non-profit organizations, to family-
owned businesses.
 LESSON 2: THE TRUTHS
ABOUT
ENTREPRENEURSHIP
1. 2. Entrepreneurship Do Not Have Exceptional
Personality Qualities.
2. In reality, there is really no evidence to prove that
entrepreneurs possess special personality
qualities above others. Although without
scientific proof, traditionally there are four
recognized qualities of an entrepreneur which are
being an achiever, an influencer, a risk taker and
open min

3. Academicians are more fascinated with the

qualities of an entrepreneur rather than what he
does.
4. These days, the focus of academicians and
researchers is how entrepreneurs think and act.
There are discoveries lately that how
entrepreneurs think follow certain patterns.
Hence, everyone may act and think like an
entrepreneur . Obviously, anybody may change
 LESSON 2: THE TRUTHS
ABOUT
ENTREPRENEURSHIP
1. 3. Entrepreneurship can be Taught Yet Entails
Practice.

2. Nowadays, entrepreneurship is already taught in

colleges and universities. However, most schools
teach entrepreneurship as a linear process just like
in the manufacturing business.
3. Linear process consists of identification of
opportunity, knowing resources needed, obtaining
resources, planning, implementing and harvesting
once the business has been in place. Simply, the
linear process teach entrepreneurship as something
predictable.

4. In reality, however, this is not the case, since

entrepreneurship is unpredictable. Instead
entrepreneurship requires a person to possess a set
of skills. These skills should be improved
continuously through practice so that they can be
used for entrepreneurial action, not just for today
 LESSON 2: THE TRUTHS
ABOUT
ENTREPRENEURSHIP
1. 4. Entrepreneurship are NOT So Much Risk-
Takers.

2. There has been an existing stereotype about

entrepreneurs that they are “gamblers”.
Although there is really no valid proof on this
typecast about them, this suggests that
entrepreneurs take more risks compared to
anyone.
3. Gambling is really risky, because everything is
left no chance. In reality, anything in life is risky
because no one holds the future.
4. Entrepreneurs are really risk-takers but they
normally would make calculations first prior to
taking the next step. They usually measure
every lose they are willing to take on each step
of what they do. They take every single step as
lesson to learn and make use of the said lesson
 LESSON 2: THE TRUTHS
ABOUT
ENTREPRENEURSHIP
1. 5. Entrepreneurs Work in Partnership More than They
Compete.

2. The community is a vital partner of most entrepreneurs.

Most entrepreneurs learn their lessons from the shared
experiences others had faced. The support of a
community of entrepreneurs with similar mindset and
willing to support each other is important. This is for the
reason that no one would know about entrepreneurship
unless it has been experienced.

3. Working in partnership not only works with the rest of

the entrepreneurs, but also with target consumers, with
prospective investors and with family and friends.

4. Customer relationship is essential, investment requires

trust and relatives and friends are necessary to support
groups.

5. Partnership usually brings about more efficiency,

additional fresh ideas and produces ingenuity and
 LESSON 2: THE TRUTHS
ABOUT
ENTREPRENEURSHIP

1. 6. Entrepreneurship are More on Doing than

Planning.

2. Most people believe that any business to

succeed requires a business plan. Based on
researches, not all successful companies has
wrote a formal business plan. Perhaps people
would wonder how this came about. Simply,
these successful entrepreneurs had acted.
They went out of the streets , talked to
people, relate with customers, buzz about
their offerings whether product or service
and most importantly they form a solid
networking.
3. These successful people had really practiced
being real entrepreneurs. Gathering timely
data as guide for the next level decision is
 LESSON 2: THE TRUTHS
ABOUT
ENTREPRENEURSHIP

1. 6. Entrepreneurship are More on Doing

than Planning (cont’d).

2. Investors are interested with the action

of every entrepreneur such as the
relationship he has with the customers
and how he has arouse the interest of
these customers. While facts and
numbers are important, investors are
more fascinated with the ability of an
entrepreneur to deal with a series of
difficult situations, able to solve
problems and take positive feedback.
 LESSON 2: THE TRUTHS
ABOUT
ENTREPRENEURSHIP

1. 7. Entrepreneurs are More on Doing

than Planning (cont’d).

2. Investors are interested with the action

of every entrepreneur such as the
relationship he has with the customers
and how he has arouse the interest of
these customers. While facts and
numbers are important, investors are
more fascinated with the ability of an
entrepreneur to deal with a series of
difficult situations, able to solve
problems and take positive feedback.
 LESSON 2: THE TRUTHS
ABOUT
ENTREPRENEURSHIP

1. 8. Entrepreneurship is Truly a Life Skill.

2. Before, entrepreneurship was only popular

during creation of new businesses. Today,
entrepreneurship has gone far beyond the
ability to start a business venture. A lot of
people as well as organizations these days
consider entrepreneurship as a skill that is
useful in every human’s life. As a life skill
entrepreneurship can offer the
methodological way of thinking,
opportunity identification, specific way of
problem solving,adapting to new
situations and governing ones’ goals and
ambitions. The said life skill is not only for
entrepreneurs but also for other
 LESSON 2: THE TRUTHS
ABOUT
ENTREPRENEURSHIP
1. Some of these life skills include:

2. 1. Resilience – this is being able to deal with

setbacks through bouncing back and refocs
after failure.

3. 2. Agility – this is responding speedily and

conclusively to adjust to dynamic changing
environment and situations, grab new
opportunities and be competitive.

4. 3. Negotiating - a life skill entrepreneurship

can offer the methodological way of thinking,
opportunity identification, specific way of
problem solving,adapting to new situations and
governing ones’ goals and ambitions. The said
life skill is not only for entrepreneurs but also
 LESSON 2: THE TRUTHS
ABOUT
ENTREPRENEURSHIP

1. Some of these life skills include:

2. 1. Resilience – this is being able to deal

with setbacks through bouncing back
and refocs after failure.
3. 2. Agility – this is responding speedily
and conclusively to adjust to dynamic
changing environment and situations,
grab new opportunities and be
competitive.

4. 3. Negotiating - this is about setting

boundaries, ensuring for a good
relationship and understanding that a
good rapport is necessary to give any
 LESSON 2: THE TRUTHS
ABOUT
ENTREPRENEURSHIP

1. Some of these life skills include:

2. 4. Problem solving – this concerns creating

solutions from minor technical difficulties
to major financial headaches.
3. 2. Relationship building – this involves the
give and take relationship of the
entrepreneur with a supplier, investor or
even his employee.

4. 3. Mindfulness - this is the ability to

disconnect from the pressure and focus on
being in the moment by techniques such
as breathing, and meditation to better
manage ones thoughts and feelings and
escape from being burdened by them.
 LESSON 2: TYPES OF
ENTREPRENEURSHIP
1. Entrepreneurship is very significant and also an
innovative procedure that has a wide range of of
activities offering new things to society as well as
civilization. Due to all the different activities,
entrepreneurship is divided into various types below:

2. 1. Intrapreneurship – refers to encouraging people to

discover high-risk, high-reward concepts with the
support of a big corporate organization.
3. Ex. Google that supports its employees to provide a
20% of their time for innovative projects. This is the
very reason why about half of the company’s new
products come from intrapreneurship.
4. It was Paul Buchheit, who made the original template
for Gmail specifically the search function. The search
function of Gmail was the first of its kind among Email
service providers. The template has also improved
storage capacity. These days, Gmail is the popular
used platforms on the Internet. This creation of one of
the employees of Google has now driven key traffic to
Google’s products.
 LESSON 2: TYPES OF
ENTREPRENEURSHIP

1. 2. Entrepreneurs Inside – is almost similar with

intrapreneurship. The only difference between
the two is that entrepreneurs function inside
any type of organizations such as government
agencies, non-profit organizations, religious
entities, self-employed and even cooperatives,
whether they are big or small. This type of
entrepreneurs must be supported by
management. However, often it becomes
difficult for these entrepreneurs to practice
entrepreneurship due to resistance of
management to support novel ideas.
2. Entrepreneurs inside just like any other
entrepreneurs want to produce something of
value.
3. Puregold is a popular trader of consumer
products such as canned goods, housewares,
toiletries, dry goods, and food products, among
 LESSON 2: TYPES OF
ENTREPRENEURSHIP

1. It has popularized the “Palengke Day” where fruits

and vegetables are sold on “everyday prices” for
the budget-conscious customers. Although a bit
unattractive looking from the outside still they are
fresh inside. This is a way of reaching out to more
market which is an example of entrepreneurs
inside.

2. 3. Buying a Franchise –
3. A franchise is a type of license bought by an
entrepreneur as the franchisee from an existing
branded Business (franchisor) so that they may do
business under the name of the said brand. The
license serves as the right to open the business
using the brand’s proven business model and
system, its proven pricing, products and
promotional tactics. For a franchisee, it is best to
buy the right brand. A franchisee has the complete
access to the brand’s logos, slogans, signages and
 LESSON 2: TYPES OF
ENTREPRENEURSHIP

1. Much of the popularity of franchising these

days because it is already a ready business.
The franchisee just needs to “turn key” the
operation to start the business. A franchisee
must pay a royalty or a share of the proceeds
of the business to the franchisor based on the
agreement of both parties. Many of the stores
and restaurants seen everyday are franchises
that include 7-11, Ace Hardware, Pizza Hut,
Jollibee, Mc Donalds and a lot more.
2. 4. Buying a Small Business –
3. Another way to enter the business world is
buying a small business. In this manner, the
entrepreneur buys out the existing owner and
takes the management and operations of the
small business. This normally involves more
upfront cost and also presents less risk than
 LESSON 2: TYPES OF
ENTREPRENEURSHIP

1. In buying a small business, the new

owner may be able to acquire valuable
patents or copyrights, or have the
opportunity to drive an unprotective
business in an exciting direction with
his expertise.
2. Buying a small business has numerous
advantages. The new owner is able to
take over an operation that has already
making cash floes and profits. The
small business has an established
customer base, reputation, and
employees who are familiar with all
aspects of the business.
 LESSON 2: TYPES OF
ENTREPRENEURSHIP

1. 5. Social Entrepreneurship – means

pursuing innovative applications that
have the likelihood of solving
community based problems. A lot of
entrepreneurs are able to make
solutions to social problems such as
water shortages, education, poverty and
global warming. Social entrepreneurs
may try to produce environmentally-
friendly products, serve an underserved
community, or focus on philanthropic
activities.
 LESSON 2: TYPES OF
ENTREPRENEURSHIP

1. Social Entrepreneurs though are forced

to choose which impact to pursue, the
social or the economic one. However, a
social entrepreneur can do both. It is
possible to solve social problems at the
same time make profit to make the
business economically stable.
2. Example:
3. Bayani Brew – its products are ice tea
using the indigeneous ingredients such
as lemongrass, pandan, and sweet
potato tops.
 LESSON 2: TYPES OF
ENTREPRENEURSHIP

1. The local and indigeneous ingredients

are supplied by substicence farmers to
help them in their livelihood.

2. 6. Family business – is owned and

manage by members of the family that
is usually handed down from generation
to generation. Entrepreneurship is
practiced with this type of business
through the opportunity available for
each generation to be innovative in
their own way.
 LESSON 2: TYPES OF
ENTREPRENEURSHIP

1. It is essential for business survival to

have a entrepreneurial program done by
each generation. Most family businesses
stuck to their old ways and are unwilling
to embrace changes.
2. Example: Shoemart, Metrobank, the
Aboitiz Group, D. M Consunji Inc (DMCI)
are among the many owned and
managed brands by some of the most
influential families in the Philippines.
 LESSON 2: TYPES OF
ENTREPRENEURSHIP

1. Fu Pu Kuo San Tai-is a famous Chinese

saying which literally means “wealth
does not pass three generations.
2. 1st generation – founder works hard to
construct the business.
3. 2nd generation – becomes heir to it and
grows the family wealth.
4. 3rd generation – wastes it and puts an
end to the business.
 LESSON 2: TYPES OF
ENTREPRENEURSHIP

1. 7. Serial Entrepreneurs – is an
entrepreneur who constantly crops up
with fresh ideas and starts new
businesses. This is different from the
classic entrepreneur who only have one
idea to start with his venture, then play
an important role on its daily
operations.
2. A serial entrepreneur is a habitual one
who takes the challenge of repeatedly
initiating on putting up a business.
3. Example: Oprah Winfrey – a famous
American philanthropist.
 KEY CONCEPTS AND
COMMON
COMPETENCIES
 Why do we need to study
ENTREPRENEURSHIP?

Entrepreneurship teach us to….

. creates opportunity
. ensures social justice
. instills confidence
. stimulates the economy
. take risks
. fail and to persevere
. become creative, inventive and
KEY CONCEPTS AND
COMMON
COMPETENCIES
KEY CONCEPTS AND
COMMON
COMPETENCIES
KEY CONCEPTS AND
COMMON
COMPETENCIES
KEY CONCEPTS AND
COMMON
COMPETENCIES
KEY CONCEPTS AND
COMMON
COMPETENCIES
KEY CONCEPTS AND
COMMON
COMPETENCIES
KEY CONCEPTS AND
COMMON
COMPETENCIES
KEY CONCEPTS AND
COMMON
COMPETENCIES
KEY CONCEPTS AND
COMMON
COMPETENCIES
KEY CONCEPTS AND
COMMON
COMPETENCIES
KEY CONCEPTS AND
COMMON
COMPETENCIES
KEY CONCEPTS AND
COMMON
COMPETENCIES
KEY CONCEPTS AND
COMMON
COMPETENCIES
KEY CONCEPTS AND
COMMON
COMPETENCIES
CORE COMPETENCIES
IN
ENTREPRENEURSHIP
 CORE COMPETENCIES
IN
ENTREPRENEURSHIP

Core competencies are the

competitive advantages (products,
skills, services, capabilities and
more) that distinguish you from
others in your field.
CORE COMPETENCIES
IN
ENTREPRENEURSHIP
CORE COMPETENCIES
IN
ENTREPRENEURSHIP
CORE COMPETENCIES
IN
ENTREPRENEURSHIP
CORE COMPETENCIES
IN
ENTREPRENEURSHIP
CORE COMPETENCIES
IN
ENTREPRENEURSHIP
CORE COMPETENCIES
IN
ENTREPRENEURSHIP
INTRODUCTION 4:
CAREER
OPPORTUNITIES
INTRODUCTION 4:
CAREER
OPPORTUNITIES
INTRODUCTION 4:
CAREER
OPPORTUNITIES
INTRODUCTION 4:
CAREER
OPPORTUNITIES
INTRODUCTION 4:
CAREER
OPPORTUNITIES
INTRODUCTION 4:
CAREER
OPPORTUNITIES
INTRODUCTION 4:
CAREER
OPPORTUNITIES
INTRODUCTION 4:
CAREER
OPPORTUNITIES
THANK YOU!!!
-STAY SAFE
ALWAYS- -