Business Enterprise Simulation ✓ Hardworking

*PUP graduates are usually hired for

(Sir Eric Ramos)
they are known as dedicated in doing the
tasks assigned to them
What is the difference of a businessman to
an entrepreneur?
Throughput
They are the same in nature but different in • This is where the process of creating the
product begins
focus.
Output
Businessman = Profit
Entrepreneur = Sustainability • Product or services are being achieved
here
* Profit
• The product has to be converted to sales or
* People
revenue which meets the company’s
* Planet
expectation and achieves the quality
product, delivers it on time and prices it
4 Important Aspects of Business
right which makes up the customer’s
1. Marketing
- the 8 P’s expectation.
- you don’t need to sell, people will come to
3 Most Important Financial Instruments
you
a. Sales Report
*Product *Positioning
Revenue - Expenses = Income
*Price *Packaging
*Place *Process
b. Income Statement
*People *Physical Evidence
- Sources of Revenue:
*Finances
• The people is considered as the most
*Operations
important P of marketing
*Investments
c. Cash Flow Statements
2. Operations
- product development - liquidity of the company
- fulfill your promises - Cash on Hand (COH)
- 6 M’s - Breakeven
* goal for a day, a month or a week
* point you need to sell
*Money *Machine
* you need to exceed in order to
*Manpower *Management
collect revenue
*Method *Materials

Input • The greatest value for COH is 0 since you

cannot spend what you don’t have.
• Manpower = involved in making the product
at this point
d. Balance Sheet
- Financial Statement
• Management = comprised of the HR or
*Assets
Human Resource
*Liabilities
= you need the right people
*Owner’s Equity
to accomplish the right job
Assets = Liabilities + Owner’s Equity
*Qualifications:
✓ Passionate

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• A “wannapreneur” has great ideas but an f. Act Quickly
“entrepreneur” starts his or her idea early - immediate decisions
* you learn by doing
* entrepreneurship may be easy but it g. Technology - Wise
is challenging - updated with today’s trends

Business fail because of… h. Creative

• poor planning - resourceful
• lack of business knowledge - new ways to solve problems
• lack of entrepreneurial characteristics
• inability to work with others Do you have what it takes to be an
• failure to choose the right business entrepreneur?

In the concept of the animal kingdom, • Self Assessment

entrepreneurship lessons can be seen as… - evaluate your strengths and
• free as a bird weaknesses
• eager as a beaver - assess your interests
• quiet as a mouse
• hardworking as an ant • Assess your Aptitude
• playful as a kitten
• fast as a rabbit • Isenberg Entrepreneur Test
• brave as a lion

“ Entrepreneurship is like a boomerang…

if you just put the right effort, you will be
rewarded with more effort”

Characteristics of the New Century

Successful Entrepreneurs
a. Independent
- makes own decision
- self-sufficient

b. Self - Confident
- secure
- believe in themselves

c. Has Determination and Perseverance

- will power to resolve

d. Goal - Oriented
- focused
- know what one wants

e. Motivated
- driven
- inspired

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