ERICA JAZTINE Z.

ARANETA

ABM 11 P – 3

1. What are the roles of entrepreneurs in the society

 Economic role: entrepreneurs play an important direct and direct role in
maintaining healthy economy. Paying taxes on time, helping employees maintain
a standard of living, being a healthy part of the supply and demand chain of
economics etc.
 Maintaining ethics: people who represent their businesses locally and globally
need to have standard of ethics so that they’re able to run their businesses
successfully and along side not disrupt other non competition business.
Sometimes entrepreneurs disturb other business who they purchase equipment,
raw materials etc by not paying for their services on time. This causes stress on
other businesses,
 Bringing more entrepreneurs in the society: I believe that it’s the duty of every
entrepreneur to bring more entrepreneurs in the society by grooming the next
generation and mentoring new businesses and ventures. The more the
successful businesses in a society the happier the society since everyone has a
good standard of life.
 Brining new advancements in their fields: An entrepreneur needs to stay
relevant and updated all the time. This also leads to new advancements that he
brings in the society,
 Environmental contributions: knowingly and unknowingly every entrepreneur
has his impacts on the environment in various degrees depending on his venture.

2. What are the ways of getting into Business?

 Independently Sell for a Brand
- One of the easiest ways to be your own boss is to sell for an established brand.
This is what a lot of insurance agents and real estate agents do. You can usually
 open your own office at some point, set your own hours, and live a “be your own
boss” lifestyle while being associated with a brand that people are familiar with. It’s
a good way to start a business without having to start completely from scratch.
Here are a few good examples of people doing it right.

 Freelance or Consult
- One of the easiest ways to start a business is to freelance or consult. You don’t
need a lot of startup cash to do this, and you have the potential to trade on your
knowledge and skills and brand to make money. If you have knowledge and skills,
you can start a business as a freelancer or consultant.

 Franchise
- Another way to be your own boss with the help of an established brand is to buy a
franchise. You have access to highly-recognized brands if you can afford to buy into
the franchise. Many franchises also help you set up with advertising and more.
Depending on how you go about it, you can have a turnkey business that works
really well for you. Just be aware that you might have to adhere to specific
requirements as part of owning a franchise. But, ultimately, it’s an easy way to get
brand recognition and be dialed into a specific audience.

 Start a Service Business in Your Community

- Don’t forget that you can start a service business in your community. Look
around. Is there a need you can fulfill? From daycare to dog walking, there are
plenty of service-oriented needs. You can start a service business tutoring, doing
handyman work, or just about any other thing that people don’t want to do and are
willing to pay someone else to do.
  Be Ready to Work
- No matter how you decide to start a business, though, you have to be ready to
work. Any business owner will tell you that it’s a lot of hard work to start and
manage a business. You need to be able a self-starter, be willing to get out there
and market yourself, and sometimes work more than you did with a traditional job.

3. What are the process of goal settings?

1. Believe in the process

The first step to goal setting is having absolute faith and belief in the process. If you
don’t have the confidence in yourself and your abilities, then you might as well forget
about your attempt to achieve your goals. If you are in doubt, look around you.
Everything you can see began as a goal in someone’s head. Turn your thoughts into a
reality.

2. Write it down
In order to eventuate the goal, you have to plan your attack. Write your goals down and
schedule dates for their completion and evaluation. This can be the key to success, as
writing down your goals will position you as the creator. If you neglect this step, you
may continue to forget them or they will diminish in importance. Having them
somewhere that you see them every day will help to reiterate their significance and
increase your chances of achieving them.

3. Set goals that are specific

A goal has a much greater chance of being accomplished if it deals with specific facts
and events. If your directions are vague, they can be misconstrued and easily skipped
over. Specific goals provide regimen and precision to your training program.
4. Set goals that are measurable
If your goals are able to adhere to concrete criteria, you are able to measure progress
towards their achievement. If you identify what you will see, hear and feel when you
reach your goal, you can feel as if you have accomplished something tangible. In order
to achieve effective goal setting, you should break your goal down into measurable
elements.

5. Set goals that are attainable

While there is nothing wrong with shooting for the stars, it is important to investigate
whether the goal is really applicable to you and your lifestyle. If you don’t have the time,
money or experience to achieve something, you will be setting yourself up to fail and
most certainly be miserable. For the most effective goal setting, ensure you are planning
your steps wisely and establishing a realistic time frame that will allow you to carry out
those steps.

6. Set goals that are realistic

Nothing demotivates more than not being able to achieve something you set up to do.
To be realistic, your goal must represent an objective in which you are willing and able
to work towards. You are the only one that can determine just how substantial your
goal should be, but you should ensure there is a realistic chance that given the right
circumstances, you are able to achieve it.

7. Set goals that are timely

Every set goal should be grounded within a time frame. Without a time frame, there is
no sense of urgency. Make a tentative plan of everything you do and the time in which
you want to do it. Instilling deadlines will help you and your team work towards them,
creating motivation that can keep morale high. However, creating time frames can be a
tricky and sensitive task. On the one hand, being too stringent on the timely aspect of
goal setting can motivate, but it can also have the opposite effect, demotivating if you
aren’t ticking the boxes on schedule.

8. Remain accountable
When you are working towards a goal, things are bound to get tough. When facing
adversity, you have to hold yourself accountable. Telling your family and friends about
your goals may give you the responsibility you need, helping you gather the support
system to give you a push. If you remain accountable in your everyday life, you will also
surround yourself with constant encouragement from those who are following your
progress.

9. Don’t be afraid to ask for help

When entering a new venture, it is crucial to learn from those around you. Asking for
help is nothing to be ashamed of, as freshening up your skills may be the thing that sets
you apart. Seeking advice may come in a variety of different forms: from asking a friend,
to developing a mentor – these will only get you one step closer to achieving your goals.
Many people find that going back to study is one of the most beneficial steps when
attempting to successfully achieve a goal. Adult learning courses are available in a
variety of helpful fields, with some like a Diploma of Project Management specifically
targeting those in your position.

10. Continuously assess your progress

As time goes on, our goals are constantly changing and evolving. The end result may not
look anything like what we initially set out to do; however, this can sometimes be a
good thing. In order to learn from your mistakes and assist you next time, constantly
assess your progress throughout your goal-setting journey.