Hi, welcome to
Senior High School!
ENTREPRENEURSHIP
TEACHER: INGRID T. UBA
Introduction to
Entrepreneurship
Introduction to
Entrepreneurship
Learning outcomes:
By the end of this course, students should be
able to:
Think like an entrepreneur
Create business plan
Understand how business operate
Demonstrate innovation, initiative and leadership
Appreciate the value of entrepreneurship
What You Need to know
Businesses are the backbone of the economy.
Entrepreneurs plays an important role in
developing the economy through providing the
needed products and services including the
solution to the problem of unemployment.
What You Need to know
Entrepreneurs are encouraged by the economy
because they can provide a lot of opportunities for the
unemployed young people. It will increase in per
capital income, higher standard of living and
increased individual saving, revenue to the
government in the form of income tax, value added
tax, export duties, import duties, and balanced
regional development.
At the end of this lesson, the
learners should be able to
1. discuss the relevance of the course;
2. explain the key concepts of common competencies;
3. explain the core competencies in Entrepreneurship;
4. explore job opportunities for Entrepreneurship as a
career
Instructions: Write T if the statement is T R U E and F if the
statement is FALSE.
T F 1. Entrepreneur means “to undertake.”
T F 2. Entrepreneurship is a process of actions of an
entrepreneur who is always in search of opportunities.
T F 3. The greatest significance of
entrepreneurship is to help identify and develop the
managerial capabilities of entrepreneurs.
T F 4. Entrepreneurship will lead to the
creation of organizations.
T F 5. Entrepreneurship can improve the
life of the entrepreneur only.
T F 6. Coward people will become successful
entrepreneur.
T F 7. An entrepreneur is a “Risk Taker”.
T F 8. Entrepreneurship is not an economic
activity.
T F 9. Entrepreneurs are innovative.
T F 10 Profit potential is the compensation of the
. entrepreneur.
T F 11. An entrepreneur can become a
business consultant”.
T F 12. An entrepreneur can also be a
researcher.
T F 13 An entrepreneur can also become a
. salesman.
T F 14 Entrepreneurship graduates can
. become a business reporter.
T F 15. The entrepreneur could easily see the
results of his efforts”.
T F 12. An entrepreneur can also be a
researcher.
T F 13 An entrepreneur can also become a
. salesman.
T F 14 Entrepreneurship graduates can
. become a business reporter.
T F 15. The entrepreneur could easily see the
results of his efforts”.
Concept of Entrepreneurship
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. The enterprise is created by an
entrepreneur and the process is called
“Entrepreneurship.”
Entrepreneurs are innovators, willing
to take risks and generate new ideas
to make it unique and profitable
solutions to the present-day
problems.
What is an Entrepreneur?
Anentrepreneur is a person who
creates, starts, and manage a
business. They take risks to turn an
idea into a product or service,
hoping to earn a profit and solve a
problem.
What is an Entrepreneur?
Anentrepreneur is a person who
creates, starts, and manage a
business. They take risks to turn an
idea into a product or service,
hoping to earn a profit and solve a
problem.
Entrepreneurship
Entrepreneurship is the process of designing,
launching and running a new business, which is often
initially a small business, or as the "capacity and
willingness to develop, organize and manage a
business venture along with any of its risks to make a
profit.
The people w h o create these businesses are
often referred to as entrepreneurs.
Relevance of Entrepreneurship
to an Organization
1. Development of Managerial capabilities-
This means that one of the benefits an
entrepreneur gets is to develop his managerial
skills.
Relevance of Entrepreneurship
to an Organization
2. Creation of Organizations –
Which means that because of entrepreneurships many
organizations will exist.
Relevance of Entrepreneurship
to an Organization
3. Improving standard of living –
This means that entrepreneurship can lift
up the economic status of an individual..
Relevance of Entrepreneurship
to an Organization
4. Means of economic development –
This means that not only the life of the
entrepreneur is improved but also the
society where the business is located.
Activity 1 Let Me Know
Give at least five (5) names of entrepreneurs that you
know. May it be from your locality or within Philippines.
Identify what are their common traits as entrepreneur.
Write it in one half cross wise and submit it to your
teacher.
1. What characteristics that you can observe
or see that is common to them?
2.
Who among the entrepreneurs you
mentioned that you admire most and why?
3.In your own opinion, what do you need to
possess to become a successful
entrepreneur?
K e y C o m p e t e n c i e s in Entrepreneurship
A c o m p e t e n c y is the mixture of knowle dge , skills, a n d
attitude required to p e r f o r m t h e e n t r e p r e n e u r i a l f u n c t i o n s
t o attain t h e o rg a n i z a t i o n a l s u c c e s s . Knowledge can be
gained through attending quality trainings. Skills can be
developed b y e x e c u t i n g it f r o m t h e f a c t s y o u h a v e l e a r n e d i n
t h e tra in in g s. A t t i t u d e is t h e powerful weapon to perform all
the activities to meet the institution’s goal.
Co re competency is the ability for you to be
competitive in the e ntre pre ne uria l w o r l d . C o m m o n
c o m p e t e n c y is th e o n e that d e s c r ib e s the K A S (knowledge,
skills, a n d attitude) present in all entrepreneur. Both
competencies are essential to be considered a s global
entrepreneur, able to compete worldwide.
Here are the common traits that the entrepreneurs
must have:
1. Opportunity seeking-
Entrepreneurs seek opportunities and turn it into
business. They look at every situation as an opportunity
and how to transform it into something that is relevance to
the world.
Here are the common traits that the entrepreneurs must
have:
2. Persistence
Persistence describes the ability to p u s h a n d p u s h tow ard the finish
line, even if the finish line seems comically out of reach.
3.Commitment to work contact
Entrepreneur stand and committed of what they have said. There are neither
reasonable reasons nor excuses. Whatever they promised to their clients,
entrepreneurs m u s t be committed to d o it – o n or before the given deadline
regardless of the road they are taking of.
4. D e m a n d efficiency a n d quality-
O n e k e y for a successful entrepreneur is satisfying the
client’s needs and demands which will achieve through
efficient service and quality products. It is in their blood to
give the BEST and achieve EXCELLENCE.
