INTRODUCTION

TO
ENTRERENEURSH
IP

Prepared By: Ms. Kai Cunanan

 ENTRERENEURSHIP
• Is a proactive process of developing a
business venture to make a profit. It
involves seeking opportunities for a market,
establishing and operating a business out of
the opportunity and assessing its risks and
rewards through close monitoring of the
operations.
FACTORS AFFECTING ENTRERENEURSHIP
1. Personality Factors which includes:
• Initiative - which means doing things even
before being told.
• Proactive -which means he can classify
opportunities and seize it.
• Problem Solver - which means he can retain
good relations with other people.
FACTORS AFFECTING ENTRERENEURSHIP
1. Personality Factors which includes:
• Perseverance - meaning he will pursue things to
get done regardless of challenges.
• Persuasion - means that he can entice people to
buy even if they don’t.
• A Planner - meaning he makes plan before doing
things and do not fail to monitor it.
• Risk-taker - which means that he is willing to
gamble but he will calculate it first.
FACTORS AFFECTING ENTRERENEURSHIP

2. Environmental
Factors which include
political, climate, legal
system, economic and
social conditions and
market situations.
 Societal and Economic Benefits of
Entrepreneurship
1. Entrepreneurship produces more jobs that
equate to an increase in national income. –
Millions of unemployed people will have the
opportunities to have a decent occupation.
Small businesses produce jobs and create
wealth.
Societal and Economic Benefits of
Entrepreneurship

2. Entrepreneur amplifies
economic activities of
different sectors of society.
– A simple eatery in a rural
area and a coffee shop in an
urban area both ignite
economic activity regardless
of their business scale.
 Societal and Economic Benefits of
Entrepreneurship

3. Entrepreneurship introduces
new and innovative products
and services. – New products
and services are always available
in the market because of the
ingenuity of entrepreneurs to
seek opportunities and improve
on them.
 Societal and Economic Benefits of
Entrepreneurship
4. Entrepreneurship improves people’s living
standards – How can you look good if not for
the services of your nearby salon or barber
shop? How can your day be complete without
the food that a nearby eatery cooks? How can
you live without the sari-sari store near your
house where you buy your basic needs?
 Societal and Economic Benefits of
Entrepreneurship
5. Entrepreneurship disperses the economic
power and creates equality. – It balances the
economy by distributing national income to
more businesses rather than to only few
monopolies.
 Societal and Economic Benefits of
Entrepreneurship
6. Entrepreneurship controls the local wealth
and balances regional development – It makes
sure local resources are used properly and every
area has an appropriate allocation of resources.
 Societal and Economic Benefits of
Entrepreneurship
7. Entrepreneurship reduces social
conflicts and political unrest – Imagine if
there are no or only few sari-sari or
supermarket stores in your area. All of
you will then fight for the food supplies
because the store cannot supply all your
needs.
 Societal and Economic Benefits of
Entrepreneurship
8. Entrepreneurship Elicits Economic
Independence and Capital Formation – A
country with more entrepreneurs is highly likely
to become financially independent and will less
likely need the help of other countries. This also
applies to families, barangays and cities.
Entrepreneurship creates wealth instead of
borrowing wealth.
 WHO IS AN
ENTREPRENEUR?
 Entrepreneur
• The word “entrepreneur” was derived from
the French verb ENTREPRENDRE, which
means “to undertake.” This is pinpointing
to those who “undertake” the risk of
enterprise.
• The enterprise is created by an
entrepreneur and the process is called
“Entrepreneurship.”
• An entrepreneur is a unique individual who
has the innate ability and extraordinary
dedication to establish and manage a
business, acknowledging all the risks and
reaping its reward.
 5 Levels of Entrepreneurial Development
LEVEL 1: The Self-Employed Mindset

- The first level pertains to self-employed persons who

desire to have greater control over their lives, careers, and
destinies by independently braving their own path into
business.

- They believe that they could do their job just as well

without an employer – and perhaps, without the need for
other employees. They want more autonomy. They want
to do things their own way.
5 Levels of Entrepreneurial Development

LEVEL 2: The Managerial Perspective

- The second level, in contrast to the first mindset, has

a greater position to succeed as an entrepreneur
because of the belief that business is all about
managing people.

- Managers who become leaders succeed because they

accept the challenge and responsibility of ensuring that
others under their wings also succeed and flourish. By
getting the most out of employees, managers
themselves are able to delegate aspects of their
business to others and set higher goals.
5 Levels of Entrepreneurial Development

LEVEL 3: The Attitude of Owner/Leader

- Entrepreneurs who have become an owner or leader of a business

with a well-established organization.

- This entrepreneur enjoys remarkable benefits by knowing how to

step aside and let the business – and those employees working in it –
operate as a profit center that is not reliant upon the owner’s
constant hands-on participation. This kind of entrepreneur has
created an organization that is more self-sufficient and self-
sustaining.
5 Levels of Entrepreneurial Development

LEVEL 4: The Entrepreneurial Investor

- Entrepreneurs who are investing and managing their money to produce
more money and to elevate the business. Franchising is one of the key
tools of those who are in this level of entrepreneurial mindset.

- By franchising the original venture or buying up other healthy businesses,

the investor can get into the career of not just selling basic products and
services, but of selling entire businesses. The goal, of course, is still to turn
a profit.

- So rather than remaining at the helm of these companies, the investor

will buy them, ensure that they have valuable equity or attractive allure
and potential, and then sell them to other entrepreneurs or would-be
entrepreneurs. The focus becomes finding, buying, and perhaps
refurbishing, businesses.
5 Levels of Entrepreneurial Development
LEVEL 5: The True Entrepreneur

- Entrepreneur who turns goals and dreams into reality and who earns
through extensive passive income. These people profit in all situations
and add to their wealth by acquiring more profit centers, more paper
assets, and more entrepreneurial power.

- The true entrepreneur uses a four-step approach to thinking:

1) Idealization of dream – Imaging ideal world dreams
2) Visualization of goals - picturing the idea l world as a reality in order
to work on goals.
3) Verbalization of the vision – putting the dream and the vision into
words
4) Materialization of the dream- when dream becomes real and
tangible.
 WHY STUDY
ENTRERENEURSHIP?
Usefulness of the Course to the Students

1. It develops skills that will be needed in

starting up a business.
2. It enhances knowledge on how to operate
business.
3. It demonstrates how to manage a business.
4. Learners consider becoming an employer
rather than an employee.
Usefulness of the Course to the Students

5. Learners change their attitude towards the

course as a means of living.
6. Learners change in personal and career
attitudes such as communication, problem-
solving, collaboration, motivation, creativity,
and teamwork.
Importance of Entrepreneurship Education

1. key economic driver

2. increase the level of knowledge, competence
and improve the quality of life
3. alternative career path
 COMMON
COMPETENCIES OF
ENTRERENEURSHIP
Entrepreneurship Common Competencies

Competencies are
considered as the capability,
capacity and ability of the
learner in handling
situations in various areas in
business operations such as
in marketing, management,
production, and finance.
Entrepreneurship Common Competencies

1. Specific Goal Setting

2. Self-Efficacy
3. Need for Achievement
4. Ambition
5. Willingness to Learn
6. Adaptability and Flexibility
7. Willingness to Take Risk
8. Interpersonal Skills
ENTREPRENUERIAL SUCCESS
Competencies For Entrepreneurial Success

Competency Example

Integrity An entrepreneur knows

what is good and right.
Do what is best for
everyone and do not
act without thinking.
Competencies For Entrepreneurial Success

Competency Example
Review outcome
Conceptual projects in order to
understand where
Thinking problems occurred.
Check the impact of
the proposed solution
to both customers and
employees.
 Competencies For Entrepreneurial Success

Competency Example

Strategic An entrepreneur finds

ways to do things faster
Thinking or at less costs.
Competencies For Entrepreneurial Success

Competency Example
An entrepreneur
Decisiveness switches to an
alternative strategy to
reach a goal. It
generates new ideas
and innovative
solutions.
Competencies For Entrepreneurial Success

Competency Example
A good entrepreneur
Customer knows what his or her
customer needs in
Relations
order to satisfy them
Service and have a long term
relationship
Other Competencies For Entrepreneurial
Success

• Risk-taking
• Collaboration
• Commercial
Aptitude
• Optimism
• People-centered
 The common competencies are the
skills you need in starting a business.
On the other hand, the 10
competencies discussed are the skills
that you need to be a successful
entrepreneur.
 The Starting Point to Entrepreneurial
Success

1. Start to be on your own.

2. Explore the business environment.
3. Be in control.
4. Have a good accountant or trusted financial
adviser.
5. Seek the advice of professionals.
Competencies For Entrepreneurial Success

Steps Example
After planning, the
Start to be on entrepreneur will start
your own. to open his business
using the capital he
has.
Competencies For Entrepreneurial Success

Steps Example

Explore the Evaluate the business

business plan using knowledge
in SWOT analysis.
environment.
Competencies For Entrepreneurial Success

Steps Example
Be responsible for
Be in control. controlling not only all
transactions but also
people management.
Competencies For Entrepreneurial Success

Steps Example
Hire an accountant or
Have a good financial adviser who
accountant or may help in
financial adviser. transactions related to
funds or money.
Competencies For Entrepreneurial Success

Steps Example
Seek advice from
Seek the professionals to help
prepare necessary
advice of
documents like
professionals business permits, trade
name registration,
sanitary permits, etc.
 CORE COMETENCIES
OF ENTRERENEURSHIP
 Core Competencies

- defining
characteristics that
make a business or an
individual stand out
from the competition
 3 General Conditions in Core
Competencies

1. The activity must provide

superior value or
benefits to the
consumer.
2. It should be difficult for a
competitor to replicate.
3. It should be rare.
A core competence is
something unique that
a business has or can
do strategically well.
ENGAG EXPLO EXPLAI EXTEN EVALUA
What are the factors
that develop
entrepreneurial
activity?
 Entrepreneur’s
Initiative

Organization of
Capital
Resources
Development of
Administrative
Machinery
Development of
Entrepreneurial
Autonomy

Development of
SWOT Analysis
 REMEMBER:

SWOT (Strengths, Weaknesses,

Opportunities, and Threats) is a tool
used in evaluating a business.
Entrepreneurs should know how to
analyze their business using this tool.
 Example

A young entrepreneur, who

has a business offering milk
tea, wants to evaluate his
business in order to know
the challenges
encountered and identify
new markets.
 The Making of a Filipino Entrepreneur

Most Filipinos start

a business when
they see that other
businesses are
profitable.
All growth starts from the
beginning. The same
applies to the world of
business. There are a lot of
entrepreneurs who start
their business from a small
enterprise into a big
company.
JOB OPORTUNITIES IN
ENTRERENEURSHIP
 Job Opportunities

Entrepreneurship can
help the economy by
providing jobs and
employment
opportunities to Filipinos.
What are the job opportunities where
you can gain entrepreneurial skills?
 Job Opportunities

There are different career

paths that will gain
knowledge and
experience for you as a
young entrepreneur.
 Job Opportunities

Advertising, Marketing,
and Public Relations
 Job Opportunities

Business Development
 Job Opportunities

Design
 Job Opportunities

E-commerce and
Social Media
 Job Opportunities

Management
 Job Opportunities

Software, Web or App

Developer
 Job Opportunities

Sales Manager/ Account

Executive

Business Consultant

Product Manager
Job Opportunities
• Buy-and-sell business
• Street food business
• Hair styling and makeup business
• Cellphone loading business
• Sari-sari Store
• Rice retailing
• Food cart business
• Online selling business
• Printing business
• Flea Market business or tiangge
Job Opportunities
• Tutorial business
• Baking business
• Direct selling business
• Car wash and car care business
• Bar, café and restaurant
• Water station and LPG station
• Laundry and dry-cleaning
business
• Spa, gym, and nail care
business
 Franchising
Is a business arrangement wherein the
franchisor, who is the owner of the business,
acquires distribution centers through the
franchisees or the affiliated dealers.
 Franchising
Listed below are Entrepreneur Philippines, franchise
business options in the Philippines.

– Bakeries, Bakeshops and Bread products

– Beverage and confectionery
– Convenience stores and Drug Stores
– Fast food establishments and restaurants
– Food and snacks carts
– Gas Station/petroleum products
– Health & Wellness (Spa, Salon, Gym, Massage)
– Water Stations
 The job that best fits you will
help you gain experience in the
career, field, or industry where
you want to launch your own
business.
END ..