Fajardo (2009) defines

entrepreneurship as the new

or different ways of doing
things using technology,
marketing, human relations,
and management
ENTREPRENEURSHIP

Fajardo (2009) stresses that

entrepreneurship is the
effective and efficient way of
managing business capacity
and quality of an individual
toward customer satisfaction.
ENTREPRENEUR

An entrepreneur is someone
who thinks creatively; plans
strategically; and projects
clear, realistic, and objective
plans.
(LEE AND LEE, 2008) AN
ENTREPRENEUR SHOULD BE:

1.An administrator
2.A planner
3.A leader
4.A negotiator
5.A communicator
6.A decision-maker
7.A good follower
SOCIAL ENTREPRENEURSHIP
• They are the pioneers of innovation that
benefit humanity. They are also the
drivers of change.

• Drucker adds that “social entrepreneur

are hunter-gatherers of our culture. They
look around, see where the food is and
go to get it. They will give up almost
anything to have the right to make their
own choices, decisions, and
opportunity.”
ADVANTAGES OF MANAGING ONE’S
OWN BUSINESS

1.Personal Relationship with

customers and employees
2.Flexibility in management
3.Government incentives
4.Knowledge of record-keeping
techniques
5.Independence
DISADVANTAGES OF MANAGING
ONE’S OWN BUSINESS

1.Difficulty in raising capital

2.Risk of failure
3.Limited management skills
4.Lack of opportunities for
employees
RETAILING
 is concerned with selling certain goods that
usually satisfy potential and existing customers.

1.Storekeeping
2.Pricing
3.Advertising
4.Record-keeping
5.Maintaining inventory
 SERVICE TYPES OF
ENTREPRENEURIAL ACTIVITY
1. Food Services
2. Lodging Services
3. Financial Services
4. Recreation and Tourism Services
5. Transportation Services
6. Personal Services
7. Repair and Maintenance Services
8. Rental Services
 SOCIAL RESPONSIBILITY OF
ENTREPRENEURS
1. Adopt mission to create and
sustain (not just commercial)
value.
2. Recognize and relentlessly
pursue new opportunities,
innovative, adaptive, and daring.
3. Exhibit heightened sense of
accountability
Philanthropists
A successful businessperson who
helps the less privileged in the
society. He/she donates a
considerable amount of money to a
foundation.

Examples: Bill Gates, Angelina

Jolie, Ramon Ang, Tony Caktiong,
Gina Lopez and etc.
Activists

group of people who are

putting pressure on
policymakers and the public
to stop a specific practice,
are not social entrepreneur.
DEVELOPING A BUSINESS PLAN

Planning involves asking and

answering the ff:
a. What to do
b. How to do it
c. When to do it
d. What to expect in the future
DEVELOPING A BUSINESS PLAN

Planning should be:

1. Realistic
2. Based on felt needs.
3. Starting with simple
projects
Criteria for Business Planning
1. Clarity of objectives
2. Satisfactory Accomplishment
3. Provision of guidelines
4. Identification of departments
5. Set time frame or duration
6. Specified resources and
corresponding cost
7. Designated and accountable
officers/executives