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Lesson 2. Introduction to Entrep Fsfe

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3 views

Lesson 2. Introduction to Entrep Fsfe

Uploaded by

hannahaki97
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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INTRODUCTION

TO
ENTREPRENEURSHIP
LESSON
OBJECTIVES:

a. Identify the relevance of learning Entrepreneurship;


b. Define personal entrepreneurial competencies and skills; and
c. Explore job opportunities for Entrepreneurship as a career.
What is an Entrepreneur?
Entrepreneur- was derived from
“entreprendre”, a French word which
means “to undertake” (Aduana, 2016).

Entrepreneurs- are innovative opportunity


seekers. They create value by introducing
new products or services or finding better
ways of making them.

Entrepreneurs- are not the same with


ordinary businessmen whose major goal is
to gain profit by producing, buying, and
selling of products.
What is an Entrepreneurship?

-----is an art of observing correct practices in managing


and operating a self-owned wealth creating business
enterprise by providing goods and services that are
valuable to the customers (Aduana, 2016)
Five Salient Features of
Entrepreneurship (Aduana, 2016)
Art of Correct Wealth creating Providing values to
01
Practices 02
venture 03
customers

Opening and
04 05 Risk taking
managing self-owned
venture
business
Art of Correct
Practices
Entrepreneurship is an art and not a science thus,
there is a constant change; it continuously grows,
develops, improves and expands. As an art, it is
closely related to creativity that contributes to the
enhancement of the enterprise. Entrepreneurship
education teaches how failure makes people more
creative and innovative.
The current situation we are in gave birth
to many opportunities. Food businesses
that used to be for dine-in purposes only
evolved into food service deliveries and DIY
(Do IT Yourself) food kits to name a few

Five Salient Features of Entrepreneurship (Aduana, 2016)


Wealth creating venture
How are you going to define wealth?
Although profit is a good indication of
wealth, improving the life of an entrepreneur
in terms of economic, financial, social, moral
and psychological aspects are also priceless
outcomes of entrepreneurship.

Conscious Canvas PH creates lovely and well-crafted


tote bags that are ideal for everyday use made by
persons with disabilities (PWDs). What is commendable
with this business venture is that 10% of its profits goes
to para-athletes. More than the profit it brings about,
loyalty of its workers and admiration from other people
in the community is the real return of investment of this
venture.

Five Salient Features of Entrepreneurship (Aduana, 2016)


Wealth creating venture
Conscious Canvas PH creates lovely and
well-crafted tote bags that are ideal for
everyday use made by persons with
disabilities (PWDs). What is commendable
with this business venture is that 10% of
its profits goes to para-athletes. More
than the profit it brings about, loyalty of
its workers and admiration from other
people in the community is the real
return of investment of this venture.

Five Salient Features of Entrepreneurship (Aduana, 2016)


Providing values to
customers
Products and services are considered
valuable when they satisfy the needs and
wants of the customers. It also gives the
buyers reason to purchase your product
over and over again and even refer it to
others.

Five Salient Features of Entrepreneurship (Aduana, 2016)


Providing values to
customers
Adding armrests on the chairs of the
wooden dining sets will result to
additional materials and time spent on
making a product thus increasing
the cost of production. If a customer does
not find this necessary, this
product modification will not bring any
benefit to the entrepreneur.

Five Salient Features of Entrepreneurship (Aduana, 2016)


Opening and managing self-owned business
Businesses which are managed by other
people for the benefit of the owner falls
under intrapreneurship.
Entrepreneurship is different from
intrapreneurship. The concept of
entrepreneurial endeavor may range from a
small sari-sari store up to multimillion
companies as long as the business is
managed by the owner himself.

Five Salient Features of Entrepreneurship (Aduana, 2016)


Opening and managing
self-owned business
A cakeshop manager who works for
the store owner and receives a
monthly salary cannot be considered
an entrepreneur despite that she is
handling a business. All profits go to
the owner (who just wait for the
remittance of the sales) himself and
the manager is merely an employee.
Opening and managing self-owned business

Five Salient Features of Entrepreneurship (Aduana, 2016)


Risk taking venture
Risk is a part of any entrepreneurial
endeavor. A good entrepreneur does not
avoid risks, rather face them by analyzing the
risks and good decision-making skills for the
survival of the venture.
The pandemic caused many business
establishments to cease operations and this
had a huge impact on the sales of business
ventures. Some entrepreneurs resort to
online selling of their products as to not fully
stop their ventures and have an alternative
way of gaining profit during this situation.

Five Salient Features of Entrepreneurship (Aduana, 2016)


Thank you

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