Entrepreneurship

An Introduction

Prepared by: Cyrel P. Nicolas

Prepared by: Cyrel P. Nicolas
Prepared by: Cyrel P. Nicolas
Prepared by: Cyrel P. Nicolas
Prepared by: Cyrel P. Nicolas
Ben Chan

Prepared by: Cyrel P. Nicolas

What is an Entrepreneur?

Entrepreneur: A person who organizes and

manages an enterprise, especially a business,
usually with considerable initiative and risk.

Initiative: Readiness and ability in initiating action.

Risk: The hazard or chance of loss.

Prepared by: Cyrel P. Nicolas

What is an Entrepreneur?
“An entrepreneur is someone who perceives
an opportunity and creates an organization to
pursue it.“
What is an Entrepreneur?

“An entrepreneur is someone who perceives

an opportunity and creates an organization to
pursue it.“

Prepared by: Cyrel P. Nicolas

What Does it Take to Be Successful?

Prepared by: Cyrel P. Nicolas

What Does it Take to Be Successful?
“The idea is not what is important. In
entrepreneurship; ideas are a dime a dozen.
Developing the idea, implementing it, and
building a successful business are the
important things.”

Prepared by: Cyrel P. Nicolas

What Does it Take to Be Successful?

“Would-be
entrepreneurs who are
unable to name
customers are not
ready to start a
business. They have
only found an idea and
have not yet identified
a market need.”

Prepared by: Cyrel P. Nicolas

What Does it Take to Be Successful?

Somehow, someday… you are going to have

to earn
POSITIVE CASH FLOW.
Prepared by: Cyrel P. Nicolas
What Does it Take to Be Successful?

Prepared by: Cyrel P. Nicolas

What is a Venture?

• A venture is a business that an

entrepreneur would like to develop.

• The process of a venture includes the most

important developmental process called the
Business Plan.

Prepared by: Cyrel P. Nicolas

What is a Business Plan?

A business plan is a summary of how a

business owner, manager, or entrepreneur
intends to organize an entrepreneurial
endeavor and implement activities necessary
and sufficient for the venture to succeed.
It is a written explanation of the company's
business model.

Prepared by: Cyrel P. Nicolas

What is a Business Plan?

Business plans are used internally for

management and planning and are also used
to convince outsiders such as banks or
venture capitalists to invest money into a
venture.

Prepared by: Cyrel P. Nicolas

Activity for Today!

Take out a piece of paper and

write down everything that you
like to do.
Include sports, hobbies, and
anything else you like.

Prepared by: Cyrel P. Nicolas

Activity for Today!
List and identify any business ventures you
feel that you would like to run and why.

Develop what you might want to include in

your Business (be specific).

Business Name: (Why?)

No. of Employees:
Physical Location:
Name of Products/Services: (Costs and Why)
Prepared by: Cyrel P. Nicolas
Quiz1
1-3. Define Entrepreneur?
4-5 What is Venture?
6. Who is the owner of SM?
7. Who is the owner of Facebook?
8. Who is the owner of Jolibee?
9-11. Why should we surround ourselves with
like-minded people?
12-14. Why it is said that to become an
Entrepreneur, you need to be a risk-taker?
15. What is my full name?
Prepared by: Cyrel P. Nicolas