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Things To Consider In Making Entrepreneurships & Businesses

ABSTRACT

Decide if you're ready to start your own business: Asking yourself if you're ready may seem
like an easy question, but there's more to owning a business than just working for yourself.
As a business owner, you need good management skills, relevant industry experience, technical
skills, a sound knowledge of finance and a long-term vision to grow and succeed.
It's important to understand what's involved in running a business and knowing whether you're
suited to owning a business. Consider the following before starting a business your reasons for
getting into business, will the business satisfy your needs, your level of skills, your business
goals, the advantages and disadvantages of establishing your own business, time requirements
and commitments. Your business has a better chance of succeeding if there is a good match
between your idea, and your skills, interests and motivations.
Conduct market research into your business idea: Before you venture into your new business it's
important to conduct some market research to see if your idea is feasible. You need to find out if
there is a need for your product or service and who your competitors are, their strengths and
weaknesses and how your business will differ from theirs. Some questions to consider are: what
product or service you will provide?; is your idea feasible?; how will you protect your idea?; is
there a market for your product or service?; what skills do you need?; who are your
competitors?; what difference will you bring to the market?; do you have the financial capacity
to own a business?; Putting the effort into researching your idea will help you determine whether
you can turn your idea into a profitable business.

Choose your type of business and business structure: Once you've established that your business
idea has potential, you then need to decide what type of business to start, and whether you'll open
a brand new business or buy an already established business. Both options have their challenges
and benefits.The benefits of starting your own business include: You get to be your own boss,
you have total creative control, you have flexible hours, it generates a new source of income and
it can be rewarding to watch your business grow. The challenges of starting your own business
include: It can require a significant amount of time and money, you need to research the market
place and you need to establish your contacts.
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Things To Consider In Making Entrepreneurships & Businesses

The benefits of buying an established business or franchise include: The business already has
stock, there is an existing customer base, the business already has an established income stream,
established suppliers and with franchises an established brand.
The challenges of buying an established business or franchise include: It can require a significant
amount of money, you can inherit a poor public image from the previous owner, you may not
have as much control, especially when purchasing a franchise and it may not be as flexible as
with starting your own business. Depending on what type of business you want to start, you may
not need a physical business location. Home-based and online businesses are becoming
increasingly popular and offer many advantages. Aside from choosing what type of business to
start, you also need to decide what type of business structure External link you'll need. Business
structures include: sole trader - an individual trading on their own; partnership - an association of
people or entities running a business together, but not as a company; company - a legal entity
separate from its shareholders; trust - an entity that holds property or income for the benefits of
others. There are advantages and disadvantages for each type of structure and it's important to
consider whether your activity is a business or a hobby. Each structure can have different tax
implications, so you may want to consult a professional business advisor, accountant or solicitor
for advice. The size and nature of your business, compliance requirements, insurance and
establishment costs are common factors that may influence your choice of business structure.

Write a business plan for your new business: Investing time and focus in creating a detailed,
well-structured business plan will give you direction and help your business become a success.
Your business plan is essential for your business. It sets the direction for your business and keeps
you on track once it's up and running. You'll also need a business plan for securing finance for
your business. Some important things to include in your business plan are:
executive summary - a one-page overview written after your business plan is finalised
introduction - explains the purpose and objectives of going into business
marketing analysis - looks at the industry you are entering and how you fit in
marketing plan - your marketing strategy
operations plan - how you'll set up the business, i.e. structure, location, regulations
management plan - how you'll manage your business
financial plan - how you'll finance your business, costing and financial projections.
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Things To Consider In Making Entrepreneurships & Businesses

Create a marketing plan for your new business: Good marketing helps your customers
understand why your product or service is better than, or different from, your competition.
Developing a marketing plan is essential for the success of your business. Regardless of how
good your product or service is, customers will not come to you, you'll need to go out and find
them. A marketing plan should set clear, realistic and measureable objectives, include deadlines,
provide a budget and allocate responsibilities. Your marketing plan should include: analysis of
your current market; your business objectives; key strategies; steps to achieving your objectives
proposed budget; timing.
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Things To Consider In Making Entrepreneurships & Businesses

I. INTRODUCTION
A. THESIS STATEMENT
Things To Consider In Making Business or Entrepreneurship
In business there are rules which make the business owners intended to assert
business structure or to control or influence the behavior of the business. It
describe the operations, definitions and constraints that apply to an organization.
Business rules are the things you may consider in making entrpreneurship or a
business that can apply to people, processes, corporate behavior and computing
systems in an organization, and are put in place to help the organization achieve
its goals.

B. OVERVIEW THE TOPIC

A. DEFINITION OF TERMS
Entrepreneur is a person who organizes, runs and assumes the risks
of a business for the purpose of making a profit.
Franchise is a contract with a parent company to use its trade name
and sell its goods or services within a certain area.
Franchisor a person buying into the franchise business and the
company selling the franchise opportunities to others.
Inflation is defined as an increase in the general price level.
Growth occurs when unemployed are put back to work and when
there is increased flow of goods and services from farms to
households and increased flow of income to households.
Capital money invested in a business to generate income.

B. OBJECTIVES
a. Demonstrate the topic of entrepreneurship.
b. Recognize the importance of entrepreneurship in the upliftment of
the country.
c. Demonstrate ability to conduct simple entrepreneurial activities.

II. BODY OF THE RESEARCH PAPER

A.
1. WHAT IS ENTREPRENEURSHIP?
Entrepreneurship is the willingness to take risk and develop, organize
and manage a business venture in a competitive global marketplace
that is constantly evolving. Entrepreneurs are pioneers, innovators,
leaders and inventors. They are at the forefront of technological and
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Things To Consider In Making Entrepreneurships & Businesses

socio movements in their fields, in their forward thinking, in their
desire to push the envelope. They are dreamers and most importantly.

2. ROLE OF ENTREPRENEURSHIP IN ECONOMIC GROWTH

The impact of entrepreneurship in economic growth can be measured
by their contribution to output, employment, income, investments,
exports and other economic indicators. Employment generated by the
business organized by entrepreneurs runs to millions persons. The
taxes paid to government in the form of licenses, fees, permits
applicable to the entrepreneur, as well as income taxes applicable the
employees and the entrepreneurs, amount to billions of pesos. The
taxes collected are in turn poured into the development of efforts of the
government.
In the Philippines, most of economic activities fall under the micro and
small business categories. There are many retailers, vendors and other
small priorities. As long as they perform some risk taking ventures,
innovations and creative undertakings, they are considered
entrepreneurs.

3. CHARACTERISTICS OF SUCCESS (Guide to entrepreneurial

competencies)
People can be drawn to the prospect of entrepreneurship for many
reasons: from capitalizing on a business idea and building wealth, to
sensing the appeal of startup culture and aspiring to be their own boss.
While there are numerous benefits associated with entrepreneurship,
not all entrepreneurships are capable of spearheading a successful high
growth business venture.
While some entrepreneurs may possess many of the skills necessary to
increase their chances of success, others may benefit from completing
their expertise with knowledgeable team members.
To help prospective entrepreneurs evaluate whether they are well
suited for starting an innovation based venture, assess what
competencies they lack and 1 or possess and gauge what type(s) of
individual(s) may strengthen their venture team, this document will
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Things To Consider In Making Entrepreneurships & Businesses

outline the entrepreneurial traits, motivations and competencies found
to be associated with success.

4. CHARACTER TRAITS AND WORK ETHICS THAT ARE

COMMON TO SUCCESSFUL ENTREPRENEURS
a. Entrepreneurs are careful about money. They always know
how much money they have. They know the value and cost of
things so they can recognize a real bargain. Most entrepreneurs
earned money when they were teenagers babysitting, mowing
lawns, delivering newspapers, sacking groceries, etc.
b. Entrepreneurs are competitive by nature. Many were active in
sports and competitions in high school and college. Others
were competitive in wanting to make good grades, earn
respects of their parents and teachers and achieve their goals.
c. Entrepreneurs believe in the old adage, early bird catches the
worm. They sleep and eat enough to maintain their energy
levels but they dont usually linger over non productive tasks.
d. Entrepreneurs are risk - takers their hunches and act them.
Taking risks can be small first steps, like placing your first ad
in a mail order publication.
e. Entrepreneurs have a head for business. They are always
thinking of new ideas and new ways to make money or
increase their business. They are not afraid to put these ideas
in to use.
f. Entrepreneurial are usually loners rather than joiners. Thats
one reason why the home based, mail order business is so
appealing to many entrepreneurs. They prefer a solitary works
environment.
g. Entrepreneurs are usually honorable people who do business
based on a handshake or a promise. They tend to form strong
associations with others who share this work ethic.
h. Entrepreneurs set aside time for leisure activities and family.
Their principal form of relaxation is their work, but they realize
the importance of unwinding and spend time with their family.
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Things To Consider In Making Entrepreneurships & Businesses

5. MANAGERIAL SKILLS
THE MOST ESSENTIAL LEADERSHIP
Integrity is perhaps the most valued and respected quality of
leadership and one of the most important management skills
you need to attain. By saying what youll do and then doing
what you say, you will build trust around your team. What
makes a good leader is the ability to stay calm and in control,
especially when everyone around them is wondering whether
its the right decision or if it was a mistake to commit to a
particular course of action. When you exude confidence in
yourself, in the decision, and in the people around you, you
instill the same feelings and attitudes in others. Leaders have
what is called courageous patience. Between the decision
and the result, there is always a period of uncertainty when no
one knows if the effort is going to be successful. To be a
successful leader, you must strive to have these essential
leadership qualities. If you have lived with this feeling many
times in your career, youre in good company.
To be successful as a leader, you need a combination of two
ingredients: character and competence. You need to be a person
of integrity. Someone people trust and are willing to follow. To
be trusted in business, you must be trustworthy. You must
believe in yourself, your company, the essential goodness of
your products and services, and in your people. You need to
believe that you are offering an excellent product or service in
every way, one that makes a difference in the lives of your
customers. You must lead by example and obtain management
skills that inspire others to join you in the exciting project of
building a great company. At the same time, you must become
excellent at the key capabilities and functions of leadership and
set yourself on a course of continuous improvement throughout
your career.
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Things To Consider In Making Entrepreneurships & Businesses

CERTAIN CHARACTERISTICS THAT MOST SUCCESSFUL ENTREPRENEURS
POSSESS
o Ability to plan: Entrepreneurs must be able to develop business plans to meet
goals in a variety of areas, including finance, marketing, production, sales and
personnel.
o Communication skills: Entrepreneurs should be able to explain, discuss, sell and
market their goods or services.
o Marketing skills: Good marketing skills, which result in people wanting to buy
goods or services, are critical to entrepreneurial success.
o Interpersonal skills: The ability of establish and maintain positive relationships
with customers and clients, employees, financial lenders, investors, lawyers and
accountants, among others, is crucial to the success of entrepreneurs business
venture.
o Basic management skills: Even if entrepreneurs hire others to deal with day to
day tasks of the business, entrepreneurs need to know whether their company has
the correct resources.
o Leadership skills: The ability to develop a vision for the company and to inspire
employees to pursue it is imperative for success.

KEY TIPS FOR THOSE WANTING TO ENTER THE WORLD

ENTREPRENEURSHIP
o Learn from others failures. Rather than admiring the small percentage of
businesses that grow to become successful, study those that end up failing.
o Make sure this is what you want. Because entrepreneurship entails so much hard
work, it is critical ensure youre following right path. The vast majority of great
entrepreneurs failed multiple times before they finally found business idea that
look off and brought them success.
o Solve problems. Entrepreneurs should always be in search of problems to solve
and not the other way around.
o Be passionate. To be successful, you should find your passion and then build a
business around that.
o Get advice from those who done it. Would be business owners to find mentors
who are successful, as well as to read books, network with people they admire and
look into great educational programs to help them throughout the process.
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Things To Consider In Making Entrepreneurships & Businesses

6. RULES AND REGULATION APPLIED TO BUSINESS
ENTERPRISE

Organizational Structure
When you decide to start your business you need to consider your
organizational structure. Whether you incorporate, form a limited
liability company or a partnership, or run it as a sole proprietorship,
discussing the benefits of each organizational structure with your
attorney or business adviser allows you to make the right decision.
Check with the Secretary of State for necessary documents and
appropriate business filings. Maintain these documents regularly with
annual updates on officers' roles, company structure and registered
agents. Technology allows many business owners to file required
documentation electronically.
Taxation
The Internal Revenue Service website contains business regulation
information for new businesses, especially tax matters. Depending on
your business type, you may qualify for certain types of tax categories,
such as an S Corporation or a 501(c)3 organization for nonprofit
organizations. Discuss the advantages of each tax category with your
accountant, attorney or business adviser. In addition, you will need to
obtain a tax identification number for your business.
Employment
If you are starting a business that will be staffed with employees,
check with federal, state and local government entities for filings and
regulations related to becoming an employer. Federal agencies such as
the U.S. Department of Labor, the Equal Employment Opportunity
Commission and Occupational Safety and Health Administration
require employers to post information about minimum wage and fair
employment practices. Without these required postings, you may be
subject to penalties, fines and possible litigation. State agency postings
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Things To Consider In Making Entrepreneurships & Businesses

and regulations often mirror federal requirements, but double-check to
be sure you understand your obligations as an employer.

7. SOLVING PRACTICAL PROBLEMS

IMPROVING CUSTOMER SATISFACTION AND
EFFICIENCY
Problem solving strategies are common in place in business and it is
essential that the right tool is used for the specific problem in hand.
Process improvement and effective problem solving strategies are two
weaknesses of many companies. Every company has problems. Every
single one. The difference between the outstanding, world class
performers and the average companies is how well they react to issues
when they arise. More important, how well they put to bed issues that
have risen, so they do not come back.
The better performing companies have also found ways to get better at
what they do- continuously.
Some companies believe that scrap, waste and defects are just the cost
of being in business. Its what happens- its life! Theyre right! Is a
cost... a cost that can be avoided, because this cost is a cost of poor
quality!
This cost adds up, and up in the form of dollars, euros, Ponds that can,
and does affect you companys ability to remain profitable... and stay
in business. Remember, the only thing that eventually kills a business
is having no cash!
PICKING THE RIGHT ISSUE
In business, errors are made; issues arise, so how do you know what
problem to deal with amongst the mountain of problems that may
exist. Where do you start? What problem strategies are there to help
diagnose and eliminate the causes amongst the myriad of issues?
Simply put, one must find the biggest impact, either by number of
times the issue arises or the financial impact it has on the business, or
any other scoring method. Then it is a case of focusing the problem
solving effort on this issue until it is resolved.
PROBLEM SOLVING STRATEGIES ROAD MAP
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Things To Consider In Making Entrepreneurships & Businesses

When thinking of the term problem solving strategies, one can be
forgiven for conjuring up a myriad of statistical and in depth analysis
tools, however the vision of Kaizen and the identification and
elimination of anything that is a variation to standard is what problem
solving strategies is all about.
You simple pick the most appropriate too for the problem at hand.
There are a couple of well-known continuous improvement road maps
that should be used, like PDCA or DMAIC, but in essence, problem
solving is all about the following:
1. Identify the problem
2. Identify the root causes
3. Brainstorm the solutions
4. Select appropriate solution
5. Implement and check the impact of the solution
IDENTIFY THE PROBLEM
You may know there is a problem, but do you know what the root
cause is? Can you put your finger on the actual problem? Are there a
number of issues that are just symptoms of a bigger cause?
It can be easy to get lost in the see of issues and problems in a
business, but keeping it simple is the main aim of the game.
Simply put, if you have a problem somewhere and it is causing a big
impact, measure it! Understand the process: What is the actual
problem? How many times does it happen and what generic factors are
causing this?
IDENTITY THE ROOT CAUSES
Analysis tools like the Process flow chart, Scatter diagrams,
histograms, and others can help pin point at what point in the process
issues arise, but a simple tool to help kick-start the root causes analysis
is the Fishbone diagram.
The objective here is to wade through the symptoms, and identify the
root causes to the problem.
BRAINSTORM ALTERNATIVE SOLUTION
Use a group, preferably cross functional, to understand the problem,
identify the potential causes and agree what they think the root causes
are.
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Things To Consider In Making Entrepreneurships & Businesses

At this point, a simple exercise would be to discuss the problem and in
turn, get each individual within the team to identify possible causes.
No idea is a bad idea, and the remit is to get as many ideas as possible.
This process can be over one session or a number of details sessions.
The time span will very much depend on the size of the problem.
SELECT THE MOST APPROPRIATE SOLUTION
An agreement must be reached by the team as to what the root cause/s
are, and so, from the ideas generated in previous step, the team must
agree as to what the top three possible root causes are.
Once agreed, its on to the next stage to work out possible solutions to
remove the root causes
IMPLEMENT AND CHECK SOLUTION
Root causes and countermeasures highlighted and agreed? The next
step is to Implement the solutions, checking the impact of them, and
measuring to ensure that the root causes/s has gone, thus the problem
has been eliminated.
This stage may take time to gather the data and measure the process
outputs to truly identify the impact of the solution- all the same time
searching to see the level of impact to the initial problem and whether
the problem is still there.
If the problem is in fact still there, then its back to the group
brainstorming stage for further analysis, and repeat the process again.
PROBLEM SOLVING TOOLS
Remember, the key is to eliminate problems as soon as you can,
therefore creating a continuous improvement culture.
A number of problem solving strategies are currently popular and can
be seen below, so give them a go and see how you get on. The tools
can be used in any industry, company or sector, with the remit of
identifying the problem at source, correcting this problem and
removing the root causes for good. Continuously striving for this
relentless identification and elimination of problems will mean that
your company is more competitive and is effectively using problem
solving strategies to gain leverage on the competition.

B. OTHER INFORMATION
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Things To Consider In Making Entrepreneurships & Businesses

1. SIX PHASES OF DECISION MAKING

Identifying the
DECISION LEADERSHIP
Problems

Gathering the Data Selecting the Best Implementation of

About the Problems Solution Decision

Formulating
Analyzing the Data Alternative
Solutions

This is the scientific method of decision making. However, implementation of the decision is a
different matter. It requires leadership which involves skills in dealing with people.
In implementing the decisions, entrepreneurs are generally careful. They implement their
decisions on a trial basis or in a limited scale. This is to test the feasibility or profitability of their
decisions. If they happen to be right in their decisions, they implement their business projects in
full scale. The idea is that if they were wrong in their decisions, their losses are only minimal.
Ask yourself this question, Do I have what it takes to be a home entrepreneur? Like any
business venture, a home based business requires an investment of time, energy and resources.
An entrepreneur is a person who gas decided to take control of his future and become self
employed whether by creating his own unique business or working as a member team, as I
multi level marketing.

2. Better ways to have a successful business career

A. The secret of success is to try to always improve yourself no matter
where you are or what your position is. Learn all you can. In
business, miracles, do not simply happen. Rather, success is the
culmination of excessive learning and leveraging that knowledge
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Things To Consider In Making Entrepreneurships & Businesses

to set firm goals then seeing those proposed accomplish through
the end.
B. Think in terms of solutions rather than focusing on problems.
Simply because we cant see a solution at a given moment does not
mean its not there. Use your subconscious voice in order to gain
answers and expand your horizon instead of listening to their inner
voice that says a particular goal cant be achieved. People with a
strong sense of a self worth tell themselves that they can handle
anything including hurdles that arise in pursuit of their core goals.

C. Everyone who is willing to pay the price can be a success.

Remember that it is the difficult things that really develop us,
anything that requires a small effort, utilizes very few of our
faculties and does us little benefit in the end.

D. Learn to remove distractions. Maintain a discipline and focus on

your priorities. Dont do the easy things first. Rather, prioritize
those commitments that provide the highest return.

E. Determine what is of value to you. Define what type of job you

want, what type of people you want to be around, how much
money you want to make and what knowledge you wish to gain.

F. With people, you get what you put in. Sincere caring and
positivity will enable you to gain the cooperation and friendship of
those around you. Start to look for the good in everyone and
everything. Not only do encourage those around us by focusing on
their more positive traits, we win their trust and loyalty.

G. Surround yourself with can do people. Its the type of people

whom you around yourself with that either enhances the chance for
success or greatly hinders our ambition and creativity. People who
believe things cant be done will go out and prove themselves
right. By associating yourself with individuals who go out and
make things happen, you will catch their ambitious and beliefs.
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H. Become a fighter. Success seems to be largely a matter of hanging
on after others have let go. Resiliency is necessary attribute on the
way to achievement. In order to consistently meet hurdles with
effective countermeasures, view problems as temporary and
surmountable. As universal trait of those who are less successful at
work is that they see even the smallest setbacks as career ending
tragedies.
I. Choose a career that is enjoyable and the money and success will
come. Contrary to popular belief, happiness is not a byproduct of
success. Instead, it is an ingredients; pleasure in ones work is a
key component on the road to achievement. Happiness breeds
focus, creativity and ambition. In order to be at maximum
production, an individual must be content with their work. They
money will come later.

J. Nothing to great can be achieved alone. Success in dealing with

people relies on a sympathetic grasp of the persons viewpoint.
Learn to see the world from other peoples perspective and
remember that appreciation, kindliness and friendliness gets things
done.

3. HOW TO BECOME MORE BUSINESS - MINDED

3.1. Assess your business from the customers perspective.
Imagine yourself in the consumer's position as this individual first
hears about the product through the businesss marketing materials,
goes through the shopping experience either in person or online,
purchases the product and uses it. Take note of which procedures
seem redundant or cumbersome for the individual.\
3.2. Enlist the help of a person entirely unfamiliar with the
industry, company and product and have the person engage in this
procedure from start to finish as a way of getting a fresh pair of
eyes on the business.
3.3. Use well-known business metrics to assess your business.
Allocate an hour to perform a SWOT analysis to measure the
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Things To Consider In Making Entrepreneurships & Businesses

companys strengths, weaknesses, opportunities and threats.
Undergo a PEST analysis to measure the companys political,
economic, social and technological hurdles. Robert Chapman
explains in the book Simple Tools and Techniques of Enterprise
Risk Management that this type of analysis helps businesses be
more proactive and forecast successfully.
3.4. Think through the consequences of every business decision.
Steven Strauss, author of the The Business Start-Up Kit,
explains that thinking like a businessman entails evaluating risks
and making calculated decisions. Many business decisions have
unintended consequences arising from shortsighted decision-
making. A way of avoiding these negative externalities is by
holding strategy meetings with directors from various departments.
People from different backgrounds often can identify how a
decision negatively affects their work, department and the
company as a whole.

4. SUCCESSFUL BUSINESS MAN

1. Alfonso T. Yuchengco - Yuchengco Group of Companies, Rizal

Commercial Banking Corporation (RCBC), Mapua Institute of
Technology.

2. Alfredo M. Yao - Zest-O Corp. (Zest-O)

3. Amable R. Aguiluz V - AMA Institute of Computer Studies (AMA)

4. Andrew Gotianun - Filinvest Development Corporation, Filinvest Land,

East West Bank

5. Andrew Tan - Megaworld Corporation, Alliance Global Group Inc.,

Emperador Distillers, Golden Arches Development Corporation

6. Axel Kornerup - Netopia Internet Caf

7. Beatrice Campos Unilab

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III. ANALYSIS OF DATA
A. REASONS WHY ENTREPRENEURSHIP IS IMPORTANT
1. ENTREPRENEURSHIP CREATES JOB OPPORTUNITIES
When an entrepreneur starts a business using his financial assets, he must
need some time to share his load. For this purpose, he hires people to work
with him. As the time passes, the entrepreneur gets satisfied that he investing
his money in the right place. So he starts a huge business, hence creating
more job opportunities for people.
2. ENTREPRENEURSHIP CAUSE ECONOMIC GROWTH
By creating job opportunities for people, an entrepreneur provides wealth to
the people. They tend to start a new business with innovation like providing
the best quality product within low price so that people can save their money
and get the best product. This strengthens the economy of a country. For this
purpose Government also welcomes entrepreneurs to their business.
3. ENTREPRENEURSHIP PROVIDES STRENGTH TO SMALL BUSINESS
Most of the time, entrepreneurs prefer to invest their money in small business.
Such activities of the entrepreneurs provide strength to the small business. So
the niche markets flourish providing strength to the economy of the country.

B. PERSONAL VIEWS ABOUT ENTREPRENEURSHIP

SOME ADVANTAGES
You are your own business
Enjoy the profits
Sense of pride in your business
Flexibility in your work schedule

SOME DISADVANTAGES
Will need to put in long hours
Need money to start
Have to keep up with government rules and regulations
May have to mark hard decision (hiring, firing, etc.)
May lose money

IV. CONCLUSION
Entrepreneurship is the development of a business from the group up coming up
with an idea and turning it into a profitable business. But while the definition of
entrepreneurship may be simple, its execution is much more difficult. Most people
think being an entrepreneurial is all about coming up with an idea, but thats just one
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part. Its also important to know right from the start how you will reach interested
customers in an effective and affordable way. An entrepreneur is someone whether it
be a product and/or service, and have the skill set, will and courage to take extreme
risk to do whatever it takes to turn that concept into reality and not only bring it to
market, but make it a variable product and/or service that people want or need.

BIBLIOGRAPHY:

Kuratko, Donald and R. Hodgetts. Entrepreneurship: A Contemporary Approach.

Chicago: Dryden Press.1989.
Navarro, Et al, Effective THE IV Series, Adriana Publications Co. 1998 Magazines,
Publications: Booklets
Leuterio, Florida C., A Module in Entrepreneurship, St. Augustine Publications, Inc.,
Espana Cor Don Quijote St., Sampaloc, Manila,1999
Fajardo, Feliciano R., Entrepreneurship, National Book Store, 125 Pioneer St.,
Mandaluyong City, 1994
Business Management 3 and 4 (SEDP Series), Makati, Diwa Learning Systems Inc.,
1993
Business Technology, Business Management 1 (SEDP Series) Q.C: IMC, 1991
Ignacio, Monico H., An Introduction to Business and Management, 2nd ed. Phil. Sinag-
Tala Publishers, Inc. 1989
Fajardo, Feliciano R., Entrepreneurship: 24K. Printing Co., Inc., Valenzuela, 1994
Gee Velasques; Role of Entrepreneurship in Economic Growth, REX Bookstore,
Nicanor Reyes, Sr. St., Manila, 1996
Evangelista, J., Business Planning, FNB Educational, Inc., Uranus St., Congressional
Ave., Proj. 6, Q.C.
Navarro L., de Guzman J., Asuncion, Ramos G. Jr., Gamiron Albino J.,
Entrepreneurship, SEDP- NSEC Services, Abiva Publishing House, Inc., 1991