ENTREPRENEURSHI

P
XXXX

2 nd
Semester
Grading Components
Written Works 25
%
P-Task 45 %
Exam 30 %
TOTAL
 In your own
understanding, what
do you mean by
“ENTREPRENEURSHIP
”?
 What do you think
is/are the difference/s
of being businessman
and entrepreneur?
Concept of
•Entrepreneurship
The word “entrepreneur” was derived from the French verb
enterprendre, which means “to undertake.” This is pin pointing
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.
Definition of
Entrepreneurship
• Entrepreneurship is the process of
establishing a new business in a
creative manner along with the ability
to take risk, to make a profit, and
imbibe the “entrepreneurial spirit.”
 Entrepreneurship is the process of
designing, launching and running a
new business, which is often initially
a small business, or as the "capacity
and willingness to develop, organize
and manage a business venture
along with any of its risks to make a
profit.
 In your own
understanding, what
do you mean by
“ENTREPRENEURSHIP
”?
 Factors
Affecting
Entrepreneurs
Personality
Factors
which
 doing
things even
before
being told.
which means
he can classify
opportunities
and seize it.
 which means
he can retain
good relations
with other
people.
 meaning he
will pursue
things to get
done
regardless of
challenges.
means that he
can entice
people to buy
even if they
don’t want to.
he makes plans
before doing
things and does
not fail to
monitor it.
 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.
 Types of
Entrepreneurs
They are those who
always make new
things by thinking
of new ideas.
 They are those
who don’t create
new things but
Imitating Entrepreneurs
only follow the
ideas of other
entrepreneurs.
 They are
skeptical about
changes to be
made in the
Fabian Entreprenuers
organization.
They don’t
initiate but
 They are those
who live on the
labor of others.
They are die-hard
conservatives
even ready to
suffer the loss of
 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.
Benefits of
Entrepreneurs
hip
• produces more jobs that equate
to an increase in national income.
• amplifies economic activities of
different sectors of society.
• introduces new and
innovative products and
services.
• improves people’s living
standards.
Entrepreneurship disperses the economic
power and creates equality. It balances
the economy by distributing national
income to more business rather than to
only few monopolies.
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.
Entrepreneurship reduces social conflicts
and political unrest. Imagine if there are
no or only few sari-sari store or
supermarket stores in your area. All of
you will then fight for the food supplies
because the store cannot supply all your
needs.
Entrepreneurship elicits economic
independence and capital formation. A
country with more entrepreneurs is highly
likely to become financially independent and
will less likely need to help of other countries.
This also applies to families, Barangays, and
cities. Entrepreneurship creates wealth
instead of borrowing wealth.
 Key
Competencies
in
Entrepreneurs
A competency is the mixture of
knowledge, skills, and attitude
required to perform the
entrepreneurial functions to attain
the organizational success.
Knowledge can be gained through
attending quality trainings.
Skills can be developed by
executing it from the facts you
have learned in the trainings.
Attitude is the powerful weapon
to perform all the activities to
meet the institution’s goal.
Core competency is the ability for you to be
competitive in the entrepreneurial world.
Common competency is the one that
describes the KAS (knowledge, skills, and
attitude) present in all entrepreneur.
Both competencies are essential to be
considered as global entrepreneur, able to
compete worldwide.
Here are the common traits that the entrepreneurs
must have.
Opportunity seeking. Entrepreneurs seek
opportunities and turn it into business. They look
at every situation as an opportunity and how to
transform it into something that is relevance to
the world.
Persistence. Persistence describes the ability to
push and push toward the finish line, even if the
finish line seems comically out of reach
 Commitment to work contact. Entrepreneur
stand and committed of what they have said.
There are neither reasonable reasons nor excuses.
Whatever they promised to their clients,
entrepreneurs must be committed to do it – on or
before the given deadline regardless of the road
they are taking of.
Demand efficiency and quality. One key
for a successful entrepreneur is satisfying
the client’s needs and demands which
will achieve through efficient service and
quality products. It is in their blood to
give the BEST and achieve EXCELLENCE.
Risk taking. One capacity of an
entrepreneur is to know when to take
the opportunity and calculate the risk to
avoid possibility of killing ventures
because of too much risk taking.
Goal setting. Successful
entrepreneurs set and achieve goals
accordingly and stretch their selves
to the widest possibility they can be.
Information seeking. An entrepreneur never stopped
seeking valuable information that contributes to its
success and further innovations
Systematic Planning and monitoring. One key to
achieve goal is the systematic planning and monitoring.
Every entrepreneur knows it very well. Without
definite plan, goals can be confusing. Without regular
monitoring of plans, outcome of goals can be less
quality.
Persuasion and Networking. Entrepreneur must know when
and whom they should pursue potential loyal clients. They
build better relationship and synergize ideas and existing
resources.
Self-confidence – Self-confidence is a key part for the success
of a business. It is the difference between having faith in
yourself and feeling scared out of wits. It is about having trust
in what you know and your abilities to handle unexpected
events that life puts in your path.
Here are the core
traits that
entrepreneurs
should develop in
managing and
running the
business:
Leaders. Successful entrepreneurs
always have the heart of a leader. To
be successful leaders, they must be a
source of inspiration for their
employees.
Communicators. Entrepreneurs know how to use
all forms of communication to effectively share
ideas and address certain concerns with their
customers or employees. Effective communication
not only provides people with a clear view of
what business offers; they also help prevent
mishaps in an organization.
 Specialists. Entrepreneurs are
experts in their chose business.
They are tactical and are very
keen with details.
Problem solvers. Entrepreneurs possess
critical thinking skills and look at problems as
challenges or puzzles that they need to solve.
They know how to handle issues in any area
of the business, be it finance, operations, or
marketing.
Let Me Know
Give at least five (5) names of entrepreneurs
that you know, may it be from your
locality or within the Philippines. Identify
what are their common traits as
entrepreneurs.
Instruction: Interview any member of the family.
Let her or him identify the following:
1. The importance of skills, knowledge and
attitude in the business
2. Among the three, which in his/her opinion is
very important.
CAREER OPPORTUNITES
Entrepreneurship offers a lot of
careers opportunity that able the
learner to work in any field. This
will be the best jobs to all
aspiring entrepreneurs as long
as they are equipped with the
right traits such as:
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
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
3 types of business organizations

Service Business. This type of

business offers professional skills,
advice and consultations.
Examples: barber shops and beauty
parlors, repair shops, banks,
accounting and law firms
 Merchandising Business. This type of
business buys at wholesale and later sells
the products at retail. They make a profit by
selling the merchandise or products at prices
that are higher than their purchase costs.
This type of business is also known as "buy
and sell".
Examples: book stores, sari-sari stores,
hardware stores
 Manufacturing Business. This type of
business buys raw materials and
uses them in making a new product,
therefore combining raw materials,
labor and expenses into a product for
sale later on. Examples: shoe
manufacturing businesses, car
manufacturing plants
Additional Activities Instruction: Interview any member of the family. Let her or him identify the following:  The importance of skills, knowledge and attitude in the business  Among
the three, which in his/her opinion is very important.
Qui
1. They are those
who always make
new things by
thinking of new
 2. They are those who
don’t create new things
but only follow the ideas
of other entrepreneurs.
3. They are skeptical about
changes to be made in the
organization. They don’t
initiate but follow only after
they are satisfied.
4. They are those who live on
the labor of others. They are
die-hard conservatives even
ready to suffer the loss of
business.
 5. They are those who
initiate changes and drive
social innovation and
transformation in the various
fields such as education,
health, human rights,
The word “entrepreneur” was derived from
the French verb ____(6)______, which
means “______(7)_______.” This is pin
pointing to those who “undertake” the risk
of enterprise. The enterprise is created by
an entrepreneur and the process is called
________(8)_______.
Entrepreneurship is the process of
designing, launching and running a
___________(9)________
10-12 Give the Three Core
Competencies of Entrepreneur.
13. Which of the following is NOT true?
a. Entrepreneurship creates
organizations. b. Entrepreneurs
improve the life of the entrepreneur
alone.
b. c. Entrepreneurs improves the
economy.
c. d. None of the choices
13. Which of the following is NOT true?
a. Entrepreneurship creates
organizations. b. Entrepreneurs
improve the life of the entrepreneur
alone.
b. c. Entrepreneurs improves the
economy.
c. d. None of the choices
 Discuss the following: (5 points each) (10-15
words per item.
1.Risk Taker
2. Communicator
3.Leader
4.Opportunity Seeker
5.Proactive
6. Innovator
7.Decisive