Societal and Economic Benefits of Entrepreneurship

Disperses economic power

5 6
and creates equality

Controls the local wealth and

balances development

Reduces social conflicts and

political unrest
8
7 Elicits economic
independence and capital
formation
 ENTREPRENEUR
•Originate from french
word entre which means
“between” and prendre
which means “to take”.

•ENTREPRENEUR is a
unique individual who has
the innate ability and
extraordinary dedication
to establish and manage a
business.
Five Levels of Entrepreneurial Development

The leader.

The self-
employed. The
investor.

The The true

manager. entrepreneur
.
 The self-employed
• They do not want to conform to a fixed working
schedule.
• They want to do things in their own way.
• They will eventually realize that a successful
business should work for them, not the other
way around.
 The manager
• They delegate and hire potential employees to do the work.
• “entrepreneurs may get frustrated because the business does not
go as planned.”
• They will begin to create positions that match the requirements of
the business.
 The leader
• Stepping up and producing great results with minimal
supervision.
• They already recognized key leaders in their organization.
• Focus on the big picture and strategic direction of their business.
 The investor
• They look for more opportunities for their business to grow.

• They will delegate a suitable manager for such operations.

 The true entrepreneur
• They aim for quality and excellence in their work.
• They have fully learned, and continue to practice, a four-step
process of thinking---starting with idealization, visualization,
verbalization and materialization.
• Entrepreneurs now do not put much effort.
New terms coined to an entrepreneur’s field

Technopreneur
Social Entrepreneur
Intrapreneur
Extrapreneur
 KEY CONCEPTS
Common and Core Competencies
of Entrepreneur:
1. Proactive .They address issues
and challenges before execution
on a timely and most efficient
way.

2. Agents of change (They are

innovation champions)

3. Risk takers

4. Have a sharp eye for

opportunities (They know how
to assess and recognize
opportunity.)
 KEY CONCEPTS
Common and Core Competencies
of Entrepreneur:
5. Sociable (Soft skills are one of the
most important competencies of
entrepreneurs)

6. Networkers (A networker knows

the key people to connect with)

7. Decisive (Should always have a

decision about their business)

8. Balanced (Analytical and the

creative side)

9. Innovative (Improving and

thinking of new worthwhile ideas.)
 KEY CONCEPTS
Core Traits that entrepreneurs
should develop:
1. Leaders (To be a successful
leaders, they must be a source of
inspiration for their employees)

2. Communicators (Entrepreneurs
should know how to use all forms of
communication)

3. Specialists (They are the experts

of their chosen business. They
understand the totality and specificity
of their business)

4. Problem solvers (They possess

critical thinking skills and look at the
problems as puzzles that they need
to solve.)
Entrepreneurship
Or
Employment
Important Career Entrepreneur Employee
Factors
•Income is generated even entrepreneur •Income generated actively (i.e.,
is resting. working hours, no work = no pay)
INCOME •Opportunity income is limited •Income is usually fixed
•Income only earned when the business •Income earned whether business
is successful. is successful or not.
•Provides job and conducts the talent •Seeks for job is the one applying
HIRING/FIRING,
ORGANIZATIONAL selection is the owner of the business. for job and is interviewed by the
SETUP •Fully responsible for serving and company’s hiring officers.
making the business profitable. •Has the goal of satisfying only
•Has the power to disengage the employer or direct supervisor.
nonperforming employees. •Fully dependent on the
•Can venture into expansion. employer’s performance.
 •Performs all necessary variable task to •Has routine tasks and works on

DAILY TASKS establish. regular or normal hours.

•Prepare policies, procedures, and •Follow policies, procedures, and
memoranda for the business. memoranda from the employer.

LEISURE TIME AND •Has a flexible schedule and can take •Has a limited number of vacation
VACATIONS unlimited number of vacation days imposed by the employer.

•Taxed on the net income, can claim •Taxed on the gross income,
TAXATION taxable income deductions for allowable cannot use expenses incurred for
expenses incurred by the business. deductions.

•Comfortable in doing multiple and •May be comfortable with routines

COMFORT LEVEL challenging tasks and takes and minimal risks and may also
AT WORK accountability with the risks and profit. be comfortable in working for the
Thinks outside the box. company itself.
 CAREERS IN
ENTREPRENEURSHIP

3
1 2

4 5
 CAREERS IN
ENTREPRENEURSHIP

1. SARI- 2. RICE 3. FOOD 4. 5. BUY-

SARI RETAILING CART PRINTING AND-SELL
STORE BUSINESS BUSINESS BUSINESS
SARI-SARI STORE
▪ Provides affordable basic retail products to nearby communities.

RICE RETAILING
▪ A very common business in the country.

FOOD CART BUSINESS

▪ They are usually located inside or outside the malls, schools, parks,
offices, etc.

PRINTING BUSINESS
▪ Usually located near schools and offices. Used for business purposes,
occasions, etc.

BUY-AND-SELL BUSINESS
▪ Even can technically be a seller even without an actual business.
 CAREERS IN
ENTREPRENEURSHIP

8
6 7

9 10
 CAREERS IN
ENTREPRENEURSHIP

10.
9. LAUNDRY
6. STREET 7. FLEA 8.ONLINE
MARKET
CELLPHONE AND DRY
FOOD SELLING LOADING
BUSINESS CLEANING
BUSINESS BUSINESS BUSINESS
BUSINESS
STREET FOOD BUSINESS
▪ Literally located in streets, selling almost the same food products
sold by food cart business.

FLEA MARKET BUSINESS (Tiangge)

▪ Can set up small space and sell any type of goods in a palengke
setup.

ONLINE SELLING BUSINESS

▪ Deals with adding the Internet as a marketing and transaction
channel for selling.

CELLPHONE LOADING BUSINESS

LAUNDRY AND DRY CLEANING SERVICES

 CAREERS IN
ENTREPRENEURSHIP

13
11 12

14 15
 CAREERS IN
ENTREPRENEURSHIP

11. HAIR 13. VIDEO

12. SPA, 15.
STYLING AND 14.
GYM AND BAKING
AND PHOTO- TUTORIAL
NAIL CARE BUSINESS
MAKEUP BUSINESS GRAPHY BUSINESS
BUSINESS BUSINESS
HAIR STYLING AND MAKEUP BUSINESS

SPA, GYM AND NAIL CARE SERVICES

VIDEO AND PHOTOGRAPHY SERVICES

▪ This business requires talent in capturing precious moments of
celebrators, and other important events.

TUTORIAL BUSINESS
▪ Caters students who are not able to catch up with their lessons, or
those who just want to be ahead in class.

BAKING BUSINESS
 CAREERS IN
ENTREPRENEURSHIP

18
16 17

19 20
 CAREERS IN
ENTREPRENEURSHIP

16. WEB 18. CAR 20. WATER

19. BAR,
SITE DEV. 17. DIRECT WASH STATION
CAFÉ AND
AND SELLING AND CAR AND LPG
RESTO
DESIGN/ BUSINESS CARE STATION
BLOGGING BUSINESS
WEB SITE DEVELOPMENT AND DESIGN BLOGGING

DIRECT SELLING BUSINESS

▪ A face-to-face selling of products by a sales agent.

CAR WASH AND CAR CARE BUSINESS

BAR, CAFÉ, AND RESTAURANT

WATER STATION AND LPG STATION

INTRAPRENEURSHIP managing a startup business in an established business.
ACQUISITION buying another similar business or new business.
FRANCHISING is a business arrangement wherein the franchisor, who is the
owner of the business, acquires distribution centers through the franchisees
or affiliated dealers.
Franchise or Startup Businesses