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    Entrep Presentation - Reward and Risk

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    Crisanta Dumlao
    The document provides information about entrepreneurship including defining entrepreneurship, identifying what an entrepreneur is, and outlining some of the key rewards and risks of entrepreneurship. Specifically, it defines entrepreneurship as starting and building a business to generate a profit. It notes some rewards can include being your own boss and having flexibility, while some risks include long work hours and uncertain income. The document also discusses characteristics of successful entrepreneurs such as creativity, determination, and financial management skills.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Entrep Presentation - Reward and Risk

    Uploaded by

    Crisanta Dumlao
    12 views24 pages
    The document provides information about entrepreneurship including defining entrepreneurship, identifying what an entrepreneur is, and outlining some of the key rewards and risks of entrepreneurship. Specifically, it defines entrepreneurship as starting and building a business to generate a profit. It notes some rewards can include being your own boss and having flexibility, while some risks include long work hours and uncertain income. The document also discusses characteristics of successful entrepreneurs such as creativity, determination, and financial management skills.

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    Entrep Presentation- Reward and Risk

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    The document provides information about entrepreneurship including defining entrepreneurship, identifying what an entrepreneur is, and outlining some of the key rewards and risks of entrepreneurship. Specifically, it defines entrepreneurship as starting and building a business to generate a profit. It notes some rewards can include being your own boss and having flexibility, while some risks include long work hours and uncertain income. The document also discusses characteristics of successful entrepreneurs such as creativity, determination, and financial management skills.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    12 views24 pages

    Entrep Presentation - Reward and Risk

    Uploaded by

    Crisanta Dumlao
    The document provides information about entrepreneurship including defining entrepreneurship, identifying what an entrepreneur is, and outlining some of the key rewards and risks of entrepreneurship. Specifically, it defines entrepreneurship as starting and building a business to generate a profit. It notes some rewards can include being your own boss and having flexibility, while some risks include long work hours and uncertain income. The document also discusses characteristics of successful entrepreneurs such as creativity, determination, and financial management skills.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 24

    Picture me Out

    Picture Me Out
    Picture Me Out
    Based from the picture,
    what is entrepreneurship
    means to you?

    ⓘ Start presenting to display the poll results on this slide.


    Entrepreneurship
    Learning Objectives:

    1. Define Entrepreneurship.
    2. Identify the rewards of going
    into business for yourself.
    3. Recognize the risks of going
    into business for yourself.
    What is entrepreneurship?

    - the act of creating a business or businesses while


    building and scaling it to generate a profit.

    - defined as the act of starting and running your


    own business or a tendency to be creative and
    wish to work for yourself in your own ventures

    - the process of creating a new enterprise and


    bearing any risks, with the view of making the profit.
    What is entrepreneur?

    - Is an individual who creates a new business,


    bearing most of the risks and enjoying most
    of the rewards.
    - Seen as an innovator, source of new ideas,
    goods, services, and business or procedures.
    Rewards of Entrepreneurship

    being your own boss


    doing something you enjoy
    being creative
    setting your own schedule
    having job security
    making more money
    being recognized in the community
    Risks of Entrepreneurship
    working long hours

    having an uncertain income

    being fully responsible

    risking one’s investment


    Why be an entrepreneur?
    Risking One’s Investment

    Because of intense competition, business ownership can be a


    difficult undertaking.

    competition
    - the rivalry among businesses for consumer dollars
    Why be an entrepreneur?
    Risking One’s Investment

    The biggest risk of being in business is the possibility of losing


    one’s investment.

    investment
    - the amount of money a person puts into his or her business as capital
    Why be an entrepreneur?
    Risking One’s Investment

    One important factor of production for entrepreneurs is acquiring


    capital.

    capital
    - the buildings, equipment, tools, and other goods needed to produce
    a product, or the money used to buy these items
    What does it take to be an entrepreneur
    Section Objectives

    • Identify the background, characteristics, and skills of


    successful entrepreneurs.
    • Explain techniques that will improve your potential for
    becoming an entrepreneur.
    What does it take to be an entrepreneur
    Who Are Entrepreneurs?
    Entrepreneurs are important to the nation’s economy.

    Researchers have done studies to determine if entrepreneurs


    have any traits, experiences, and skills in common.
    What does it take to be an entrepreneur
    Background

    Many entrepreneurs were influenced early in life by a role model.

    role model
    - a person with attitudes and achievements that others wish to emulate
    What does it take to be an entrepreneur
    Twelve Characteristics of
    Successful Entrepreneurs
    What does it take to be an entrepreneur
    Ten Foundation Skills

    Researchers have identified ten foundation skills needed to be a


    successful entrepreneur.

    foundation skills
    - the skills used in all jobs and when setting up and running a business
    What does it take to be an entrepreneur
    Ten Foundation Skills
    Characteristics of an entrepreneur wherein he/she
    continue positive maintenance of entrepreneurial
    motivation and constantly renewed active
    engagement in a new business venture despite
    counter forces.

    ⓘ Start presenting to display the poll results on this slide.


    He/ she keeps on introducing new
    ideas, products and services

    ⓘ Start presenting to display the poll results on this slide.


    Three Levels of Competencies
    Personal Competencies

    • These are your abilities or potentials to ground yourself so


    that you are secure and self- assured in whatever situation
    you may find yourself.
    Example:
    Creativity
    Determination
    Integrity
    Tenacity
    Emotional balance
    Self- criticism
    Three Levels of Competencies
    Interpersonal Competencies

    • These are your ability to lead, influence, communicate,


    supervise, negotiate and control at all levels. It is the ability
    ability to get along with people and motivate people to
    perform jobs. Entrepreneurs must effectively manage
    people.
    Example:
    Communication
    Engagement
    Delegation
    Charisma
    Social skills
    Three Levels of Competencies
    Business Competencies

    • These are set of particular abilities and knowledge that sets


    a company apart from its competitors It also refers to the
    key characteristics that successful entrepreneurs should
    have in order to be successful.
    Example:
    Business vision
    Financial Management
    Networking
    Share your Idea

    Be the change you wish to see in the world.

    -Mahatma Gandhi

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