Introduction To Entrepreneurship

Famous
Entrepreneurs
HENRY SY
SM
hoe Mart
MANNY
VILLAR
Vista Mall
EDGAR SIA
II
Mang Inas
TONY TAN
CAKTIONG
Jollibee
JOSE GERARDO
GUADARRAMA
Biscocho Hau
SOCORRO
RAMOS
National Books
• For those entrepreneurs were shown, who among
of them that you are familiar?
• What characteristics of entrepreneur does he/she

possess?
• In your own opinion, what do you need to
possess to become a successful entrepreneur?
Introduction
to
Entrepreneurship
Relevance of Entrepreneurship
Developme Creation Improving Means of

nt of standards economic
of Organizatio of living developmen
managerial n t
capabilities
Development of managerial capabilities
• Entrepreneurship helps in identifying and developing
managerial capabilities of entrepreneurs.
• Studying a problem, identifying its alternatives, comparing
alternative in terms of cost and benefit implication and
choosing the best alternative help in sharpening the
decision making skills of an entrepreneur.
Creation of Organization
• Entrepreneurship results in the creation of organizations
when entrepreneurs assemble and coordinate physical,
human and financial resources and direct them towards
achievement of objectives through managerial skills.
Improving standards of living
Entrepreneurship helps in making a wide variety of goods
and services available to the society which results into higher
standard of living for the people. Possessions of luxury cars,
computers, mobile phones, rapid growth of shopping malls,
etc. Point to the rising living standard of people. All these are
due to the efforts of entrepreneurs.
Means of economic development
Entrepreneurship involves creation and use of innovative
ideas, maximization of output from given resources, and
development of managerial skills. All these factors are
essential to the development of a country.
The word “Entrepreneur” was derived from the French
verb enterprendre, which means “to undertake”. This
is pinpointing to those who “undertake” the risk of
enterprise.
Innovator Willing to take

s risk
Enterprise is created by entrepreneur. It is the outcome
of the actor and the act. It is the business organization
that is formed and which provides goods and services,
created jobs, exports and over all economic
development.
Entrepreneurship is a science of converting ideas into
business. It is a process of actions of an entrepreneur
who is always in search of something new to exploit new
ideas into gainful opportunities by accepting the risk.
Why People Become Entrepreneurs?
Desire Desire
to Be to
One’s Succee
Own d
Boss Financia
Desire Desire
lly
for an
for Job
Improved
Security Quality of
Life
• Being your own Boss
-Self management is the motivation that drives
many entrepreneurs.
• Financial Success
-Entrepreneurs are wealth creators.
• Job Security
-Over the past ten years, large companies have
eliminated more jobs than they have created.
• Quality of Life
-Starting a business gives the founder some choice
over when, where, and how to work.
Traits/Qualities of an Entrepreneur
• Initiative- does things before being asked.
• Proactive- identifies and utilizes opportunities.

• Problem Solver- introduces innovative solutions to any
obstacles and problems in the enterprise.
• Perseverance- works against all odds to overcome

obstacles and is never complacent with success.
• Persuasion- convinces customers a financiers to
patronize his business.
• A Planner- collects information, prepares a plan, and

monitors performance willing to take calculated risks.
• Risk Taker –willing to take calculated risks.
• Self-confidence –makes decisions and sticks to his

decisions.
• Self-critical- learns from his mistakes and from
experiences of others.
• Creativity- the ability to come up with clever, workable

solutions.
• Business like Attitude- possessing the knowledge of
your chosen business and having the savvy to conduct
business.
• Ability to make decision- the talent to analyze complex

situations and draw conclusions that will make the
business succeed.
• Relation skills- the ability to get along with others to
inspire cooperation, confidence and loyalty.
• Confidence- having a firm belief in your own capabilities

and your chances of success.
Common Competencies in Entrepreneurship
Decisive Communicator Leader
Opportunity Proactive Risk Taker Innovative

Seeker
Common Competencies in Entrepreneurship
• Decisive- an entrepreneur must be firm in making
decisions.
• Communicator- an entrepreneur must have a convincing

power.
• Leader- an entrepreneur an entrepreneur must have the

charisma to be obeyed by his employees.
• Opportunity seeker- an entrepreneur must have the
ability to be the first to see business chances.
• Proactive- controlling a situation by making things to

happen or by preparing for possible future problems.
• Risktaker- they have the courage to pursue what is their

business ideas.
• Innovative- the entrepreneurs have big business ideas and

they do not stop improving and thinking of new worthwhile
ideas for their business.
Core Competencies in Entrepreneurship
Economi
c Profit
and Potential
dynamic Risk
Innovativ
activity Bearing
e
Core Competencies in Entrepreneurship
• Economic and dynamic activity- Entrepreneurship is an
economic activity because it involves the creation and
operation of an enterprise with a view to creating value or
wealth by ensuring optimum utilization of limited resources.
• Innovative- Entrepreneurs constantly look for new ideas, thus
he needs to be creative.
• Profit Potential- meaning the entrepreneur can be
compensated by his profit coming from the operation.
• Risk bearing- meaning the entrepreneur needs to gamble but
wise enough to offset the risk.
Activity Time!!!

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Famous

• What characteristics of entrepreneur does he/she

Developme Creation Improving Means of

Innovator Willing to take

• Proactive- identifies and utilizes opportunities.

• Perseverance- works against all odds to overcome

• A Planner- collects information, prepares a plan, and

• Self-confidence –makes decisions and sticks to his

• Creativity- the ability to come up with clever, workable

• Ability to make decision- the talent to analyze complex

• Confidence- having a firm belief in your own capabilities

Decisive Communicator Leader

Opportunity Proactive Risk Taker Innovative

• Communicator- an entrepreneur must have a convincing

• Leader- an entrepreneur an entrepreneur must have the

• Proactive- controlling a situation by making things to

• Risktaker- they have the courage to pursue what is their

• Innovative- the entrepreneurs have big business ideas and

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