entreprenership

1. Introduction to
Entrepreneurship
Department of Education
NEW GENERATION INTERNATIONAL SCHOOL
Ms. Maria Patrisia Padilla
Email Address: ngisshs@gmail.com
Tel. No.: (046) 419-2272 / 419-1982

2. Email Address: ngisshs@gmail.com
Tel. No.: (046) 419-2272 / 419-1982

3. Understand the relevance
of the course
Entrepreneurship
03
Objectives
04
01
02
Explain the key concepts
of common
competencies
Explain the core
competencies of
entrepreneurship
Explore job opportunities
for Entrepreneurship
as a career
Email Address: ngisshs@gmail.com
Tel. No.: (046) 419-2272 / 419-1982

4. Topic Outline
Introduction to Entrepreneurship
-What is Entrepreneurship
Definition: Entrepreneurship
Entrepreneur
-Characteristic of an Entrepreneur
-What are the common and core competencies of
Entrepreneurship
-Career opportunities of Entrepreneurship
Email Address: ngisshs@gmail.com
Tel. No.: (046) 419-2272 / 419-1982

5. • Entrepreneurship 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. With this definition, being an entrepreneur may seem difficult,
but it can be rewarding if the enterprise flourishes. Creating a sound
business plan, along with efficient and effective operation of the
business, will not only benefit the entrepreneur but also the entire society
and the economy.
The Definition of Entrepreneurship

6. Who is an Entrepreneur?
The word “entrepreneur” has a French origin and was coined from the words
entre, which means “between,” and prendre , which means “to take.”
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 rewards. Like other vocations, being an
entrepreneur is also a calling. It is not a career that one can just jump into
when he or she decides so. It entails a holistic business talent to be
considered one , ranging from product and marketing expertise to operations
agility , and to financial proficiency.

7. 1.The self-employed. Self-employed persons are, simply put, not comfortable with routines of a
desk job. They do not want to conform to a fixed working schedule . They want to do things in their
own way and start to feel agitated when controlled by the powers-that-be. While they can be self-
sufficient, their tendency is to become too reliant on themselves , which leads to exhaustion. If
they realize this, they can move on the next level.
2.The manager. In this level, entrepreneurs feel the need to step up and ask some help from the
people around them. They delegate and hire potential employees to do the work. However, they
may have the tendency to get more people who do not know the exact needs and requirements of
the job, because entrepreneurs think that the battle is in the scale and not the profitability. As a
result, entrepreneurs may get frustrated because the business does not go as planned, and some
potential problems arise from how employees operate. When they begin to realize this,
entrepreneurs will start knowing their employees better, assessing their strengths and their areas
for improvement. They will begin to create positions that match the requirements of the business
and the employees’ expertise. Entrepreneurs can now move on to the next level.
Five levels of Entrepreneurial development.

8. 3. The leader. Entrepreneurs in this level already enjoy seeing their people flourish ,
stepping up and producing great results with minimal supervision. Unlike before
where they are in charge of virtually everything, they can now sleep peacefully at
night and have more freedom and time for themselves. They already recognized key
leaders in their organizations. In effect, these key leaders also enjoy the
entrepreneurs’ trust and are satisfied with the outcome of their careers .
Entrepreneurs at this stage now focus on the big picture and strategic direction of
their business rather than in generating sales and operating the business. At this
point, entrepreneurs can now move on to the next level.
4.The investor. Investors look for more opportunities for their business to grow. They
may either purchase one or two business that can potentially add value to the
company, or sell their established business(as a franchise ) to potential
entrepreneurs. They will delegate a suitable manager for such operations and will act
as directors. When this becomes successful, they will now become true
entrepreneurs.
Five levels of Entrepreneurial development.

9. 5. The true entrepreneur. True entrepreneurs, based on their
experience, now aim for quality and excellence in their work. They
have fully learned, and to continue practice, a four-step process of
thinking; starting with idealization, visualization, verbalization, and
materialization, entrepreneurs start to create plans to make the
dream a reality. Verbalization involves sharing their ideas with other
people, knowing that their vision is already occurring. Materialization
happens when the vision becomes a reality. In this stage, true
entrepreneurs now have an income that keeps on multiplying even if
they do not put much effort.
Five levels of Entrepreneurial development.

10. 1. A technopreneur is an entrepreneur who puts technology at then core of his or her
business model.
2. A social entrepreneur is one who takes advantage of the country’s social problems
and turn them to profitable institutions with the intention of helping the disadvantaged
community rather than making a profit.
3. an intrapreneur is an entrepreneur on a large company corporation who is tasked
to think, establish, and run a new big idea or project. Intrapreneurs are usually the
product managers or the business development managers of a company.
4. An extrapreneur is an entrepreneur who hops from one company to another to act
as the innovation champion, providing creative and efficient solutions
The world of entrepreneurship these days has already evolved,
and new terms are coined to suit an entrepreneur’s field or
expertise. Here are some of them.

11. 1. Proactive. Entrepreneurs are reactive rather than passive. They address issues, problems, and
challenges before they come rather than when they already happened. They ensure that proper
research is done, the risk factors are assessed, and plans are executed on a timely and most efficient
way.
2. Agents of changed. Entrepreneurs are innovation champions. They see opportunities in hopeless
and complex situations. They are always enthused to improve and develop new products and
services and introduce them to the market. They don’t settle for mediocrity and the status qou.
3. Risk takers. Entrepreneurs will not be successful if they do not take risks. By taking risks,
entrepreneurs do not just grab opportunities left and right; they have to take into consideration and
potential various threats they may encounter. Entrepreneurs calculate risks; if they think that there is
a big chance of succeeding, they push through with the venture and don’t let the opportunity pass.
4. Have a sharp eye for opportunities. Entrepreneurs have a talent for recognizing an opportunity
even by using the macro level data only. They know how to assess the net cause and effect of an
opportunity and decide intelligently if a venture should be considered or not.
Here are the common traits that entrepreneurs should always have.

12. 5. Sociable. Soft skills are one of the most important competencies of entrepreneurs as
these establish the relationship with the most important assets of the company──its
people and its customers. Relationship management is the key for employee and
customer retention, which can be achieved by a sociable entrepreneur.
6. Decisive. Entrepreneurs always have a decision about their business. They do not
settle for gray areas or unclear solutions. They do not leave an issue unsolved without a
disposition.
Here are the common traits that entrepreneurs should always have.

13. 1. Sari-sari store. There are approximately more than one million sari-sari stores in the Philippines.
Situated in almost all neighborhoods , these convenience stores provide affordable basic retail
products to nearby communities. A sari-sari store is one of the easiest businesses to set up due to
the minimal capital required and because it can be managed at home, where the business owner
lives.
2. Rice retailing. Because rice is the staple food of Filipinos and other Asian countries, rice retailing
business is very common in the country.
3. Food cart business. This business is also very popular in the Philippines. The number of food cart
businesses is not as big as number of sari-sari stores, but food carts are present in almost every
populous location. They are usually located inside or outside the malls, schools, parks, train stations,
and offices.
Careers in entrepreneurship : Here is a list of the most common small
businesses in the Philippines.

14. 4. Printing business. This business is also lucrative in the Philippines because the demand is very
high. Usually situated near schools and offices, printing businesses cater to needs of students for their
projects and also to offices for their advertising and business requirements (Flyers, billboards,
magazines, newspapers, journals, and calendars). Printing businesses also cater to the printing
demands of occasions such as weddings, anniversaries, birthdays, funerals, and graduations.
5. Buy and sell business. This business is one of the emerging businesses in the Philippines, and it is
not just done traditionally in brick-and-mortar stores but also over the Internet. The influx of buy-and-
sell web site has changed the behaviour of how Filipinos exchange goods in the most efficient and
practical way. Every one can technically be a seller even without an actual business.
6. Street food business. Just like the food cart business, this kind of business is widespread in the
Philippines. Street foods businesses are literally located in streets, selling almost the same food
products being sold by the food cart business.
Careers in entrepreneurship : Here is a list of the most common small
businesses in the Philippines.

15. 7. Flea market business or tiangge. In this type of business, entrepreneurs set up a small space and
sell any type of goods in a palengke steup that is normally in an open space. Customers are more
interested to buy from this flea markets because they can bargain for the price. Products being sold
range from clothes, to foods, items, to souvenirs, and to household effects.
8. Online selling business. This business deals with adding the Internet as marketing and
transaction channel for selling. This very similar with the buy-and-sell business, except that the focus
is on selling existing and established products online. The Internet has the revolutionized the way
Filipinos transact business.
9. Cell phone loading business. More than 95% of Filipinos are prepaid mobile phone users,
according to an article published by the Philippine daily inquirer (2012). Moreover, 80% of Filipinos
households have assess to mobile phones. This is the reason why there are so many cell phone
loading stations in the country.
10. Laundry and dry cleaning business. This type of business is often located at central business
districts and areas with several condominiums and townhouses. Furthermore these business
establishments also have a significance presents near schools, dormitories, and apartments.
Careers in entrepreneurship : Here is a list of the most common small
businesses in the Philippines.

16. 11. Hair styling and make up business. One of the successful businesses in the Philippines is the
hairstyling business., which includes parlors, and barber shops. Aside from the core service of giving
haircuts, this business also offers auxiliary services such as hair treatments (perm, straightening,
highlighting), massage, and nail styling. Filipinos are generally conscious about proper grooming and
hygiene, so that’s why this business is profitable.
12. Spa, gym, and nail care business. Related to the hair styling and make up business in the spa,
gym, and nail care business. One of the ways Filipinos cope with stress is by going to a spa. This
business offers a range of massage treatments such as facial and body scrubs. Filipinos now also go
the gym because Filipinos are becoming health-conscious. Nail care is very much enjoyed by Filipino
women who avail of manicure, a pedicure, or both. Filipino men are also focusing on their overall
appearance these days.
13. Video and photography business. This business requires talent in capturing precious moments of
celebrators in weddings, birthdays, anniversaries, graduation and other important events. This
business is gaining popularity because of the presence of social media, were videos and photographs
supposed to be shared to other people.
Careers in entrepreneurship : Here is a list of the most common small
businesses in the Philippines.

17. 14. Tutorial business. This business caters to students who are not able to catch up with their
lessons, or those who just want to be ahead in class. A tutorial business is composed of experts in a
particular field who transfer their knowledge to another for a fee. In the Philippines, the tutorial
business has become an important aid in reinforcing and enriching the students’ basic education
knowledge.
15. Baking business. A lot of bakeries are present in almost all neighborhoods in the Philippines
because bread is the second staple foods of Filipinos. Pan de sal is the most common bread being
offered by this business.
16. web site development and design/blogging. The popularity of the Internet brought so many opportunities to
Internet-savvy budding entrepreneurs. In this business, the web site developer conceptualizes and implements a
web site for another business whose objective on to inform, persuade, and remind its customer. Blogging, although
initially made as a site to write your personal thoughts, has a become source of income by online writers, depending
on the writer’s agenda. A blog may become famous or successful if the site has a number of followers or readers.
Some people may earn cash by allowing companies to place ads in their blogs.
Careers in entrepreneurship : Here is a list of the most common small
businesses in the Philippines.

18. 17. Direct selling business. This business is also very common in the Philippines. It is
face-toface selling of products by sales agent. The products include fashion accessories,
health and wellness items, clothing, food supplements, and homecare items.
18. Car wash and car care business. You often see this business in large cities of the
proliferation of cars. In fact, the demand for car care increases every year.
19. Bar, cafè, restaurant. The number of foodies (food enthusiasts) has increased
because of the Filipino plate became globalized. Filipino customers’ demand for variety
and quality taste has evolved as well; thus, these businesses are continuously thriving.
20. Water station and LPG (liquified petroleum gas) station. These businesses can never
go wrong as they continuously serve households, supplying them with their purified
water and gas needs. The products that they sell are used for daily consumption, which
is why a lot of these are almost every corner in the Philippines, especially in the urban
areas.
Careers in entrepreneurship : Here is a list of the
most common small businesses in the Philippines.

19. DIFFERENCES
ENTREPRENEUR ENTREPRENEURSHIP
• PERSON
• VISUALIZER
• CREATOR
• ORGANIZER
• INNOVATOR
• PLANNER
• LEADER
• PROCESS
• VISION
• CREATION
• ORGANIZATION
• INNOVATION
• PLANNING
• LEADERSHIP

20. The entrepreneurial process is a step-by-
step procedure in establishing any kind of
business that an entrepreneur has to
undergo. It is composed of four aspects.
1. Opportunity spotting and assessment . This
is the beginning of the process and is
considered the most difficult. Entrepreneurs at
this point take note of interesting trends in
their environment. Consumers are reliable
sources of opportunity information because
market needs originate from them.

21. 2. Developing a business plan. Entrepreneurs
should formulate a business plan when they
have already spotted and assessed the
opportunities for a market.
3. Determining the capital needed. A big idea
can never be translated into reality if the
entrepreneur’s resources are limited.
Therefore, it is mandatory in the
entrepreneurial process to calculate the
resources needed to establish the business
and compare this against the entrepreneur’s
current resources.

22. 4. Running the business. This is the part
where the entrepreneur should use the
resources allocated for the new venture.

23. SCANNING THE MARKETING ENVIRONMENT:

24. 3’s OF OPPORTUNITY :

25. 3’s OF OPPORTUNITY :

26. 3’s OF OPPORTUNITY :

27. 3’s OF OPPORTUNITY :

28. The biggest reward of becoming an
entrepreneur is the personal
satisfaction that comes from having
the freedom to make your own
business decision and then act on
them.
WHY BE AN ENTREPRENEUR?

29. WHY BE AN
ENTREPRENEUR?

30. MAKING YOUR
OWN RULES
When you own a
business, you get
to be your own
boss.
01
WHY BE AN ENTREPRENEUR?

31. DOING WORK
YOU ENJOY
Since the majority
of people’s lives is
spent working why
not spent that time
doing something
you enjoy
02
WHY BE AN ENTREPRENEUR?

32. CREATING
GREATER WORK
There’s no limit to
what an
entrepreneur can
make.
03
WHY BE AN ENTREPRENEUR?

33. HELPING YOUR
COMMUNITY
Being an
entrepreneur lets
you make your
community and a
world a better
place.
04
WHY BE AN ENTREPRENEUR?