Employees or Entrepreneur

MODULE 1:
OVERVIEW OF
ENTREPRENEURS
HIP
ENTREPRENEURSHI
P
OR
EMPLOYMENT?
Important Career Entrepreneur Employee
Factors
1. Income • Income generated passively even when the • Income generated actively; no
entrepreneur is resting work = no pay
• Opportunity income unlimited, depending • Income usually fixed per month
on the success of the business. and increases every year
• Income only earned when the business is depending on the employer and
successful. the employee performance.
2. Hiring and Firing, • Provides jobs; is the owner of the business • Seeks for a job; is the one
Organizational Setup, and conducts the talent selection. applying for a job and is
and Major Key • Fully responsible for serving customers, interviewed by the company’s
Results Areas making the business profitable/sustainable, hiring officers.
and providing employee satisfaction. • Has the goal of satisfying only
• Has the power to disengage nonperforming the employer or the direct
employees applying the due process policy of supervisor.
disengaging personnel. • Fully dependent on the
• Can venture into expansion of business such employer’s performance.
as franchising and buying other similar • Can only work for the current
businesses. employer exclusively.
Factors
3. Daily Tasks • Performs all necessary variable tasks to • Has the routine tasks and works
establish and manage a startup business, on regular or normal hours.
which usually takes most of the • Follows policies, procedure, and
entrepreneur’s time; spend more hours on memoranda from the employer.
work than a regular employee and sometimes
gets no sleep.
• Prepares policies, procedures, and
memoranda for the business.
4. Leisure Time and • Has a flexible schedule and can take • Has a limited number of
Vacations unlimited number of vacation days vacation days imposed by the
(applicable only if the business as stabilized employer.
already)
5. Taxation • Taxed on the net income; can claim taxable • Taxed on the gross income;
income deductions for allowable expenses cannot use expenses incurred
incurred by the business. related to the job such as food
and transportation expenses to
claim for deductions from
taxable income.
Factors
6. Comfort Level at • Is comfortable in doing multiple and • May be comfortable with

Work challenging tasks and takes accountability routines and minimal risks; may
with the risks and profits of the business; also be comfortable in working
does not want to be confined in a box; thinks for the company itself.
outside the box or sometimes thinks there is
no box.
Careers in
Entrepreneurship
“ When you love what you do, it’s as if you are not working.”
Most Common Small Businesses in the
Philippines
1. Sari-Sari Store 11. Hair, styling and makeup business
2. Rice retailing 12. Spa, gym, nail care business
3. Food cart business 13. Video and photography business
4. Printing business 14. Tutorial business
5. Buy-and-sell business 15. Baking business
6. Street food business 16. Web site development and
design/blogging
7. Flea market business or “tiangge”
17. Direct selling business
8. Online selling business
18. Car wash and car care business
9. Cellphone loading business
19. Bar, café, and restaurant
10. Laundry and dry cleaning business
20. Water station and LPG station
Franchise or Startup Businesses
• Bakeries, bakeshops, and bread • Food and snack carts
products
• Gas stations/petroleum products
• Bars, café, and coffee shops
• General merchandise and retail
• Beverage and confectionery
• Health and wellness (salon,
• Car café massage, spa and gym)
• Clothing and accessories • Schools
• Convenience stores • Services (personal and business)
• Drug stores and pharmacies • Water stations
• Fast food establishments and
restaurants
Other Business Opportunities
• Dealerships
• Direct selling
• Distributorship
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.

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MODULE 1:

6. Comfort Level at • Is comfortable in doing multiple and • May be comfortable with

Franchising is a business arrangement wherein the franchisor,

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