Entrepreneurship Mind

Setting

A presentation of MR. WINSTON T. SINGUN, Division Chief, DTI-Cagayan

WW2BAM
WW2BAB
 The Power of
Entrepreneurship
 4 options to get ahead
1. HOPE for help
2. EXPECT government support
3. GET a job
4. START something yourself
The ENTREPRENEUR

en·tre·pre·neur
ˌ/äntrəprəˈnər/
Our common understanding

 The boss
 The business owner

 The risk taker

 One who starts a small

business
 The resourceful guy?
 Understanding Entrepreneurial Competencies

OPPORTUNITY
SELF SEEKING
CONFIDENCE 10 1

PERSUASION 2
AND 9
NETWORKING PERSISTENCE

INFORMATION 3 COMMITMENT TO
SEEKING 8 WORK CONTRACT

DEMAND FOR
4 QUALITY AND
7
EFFICIENCY
SYSTEMATIC
PLANNING AND 5
MONITORING 6 RISK TAKING

GOAL SETTING
Personal Entrepreneurial Competencies
McBear Associates
 ENTREPRENEURS vs.
WANTrepreneurs
• ENTREPRENEURS IS A NAME FOR
PEOPLE WHO START BUSINESSES

• WANTrepreneurs are people with

a lot of business IDEAS
 WANTrepreneurs
• Lots of business IDEAS, but their:
– QUESTIONS
– BACKGROUND
– ISOLATION
– FEAR of FAILURE

STOP them!
Compelling Reasons
Why We Need
Entrepreneurs
 90% of the world’s jobs are created by
entrepreneurs
 Source of new products and innovation
 In the third-world countries, the entrepreneurs
keep the sagging economies alive
 It’s the entrepreneurs – not the central bank –
that keep the economy moving.
 What entrepreneurs do:
• SELL
• DELIVER
• MAKE
• INVENT
• BUILD
• GROW
• MAKE THE WORLD A BETTER
PLACE
 As businesses grow, they
• HIRE people
• BUY products
• BUY supplies
• ADD customers
 That’s how they
• CHANGE their lives
• HELP their families
• IMPROVE communities
• CREATE new markets
• DEVELOP countries, and
• CHANGE the world
 We Should All
Become
Entrepreneurs:
It's A Mindset,
Not A Business
Model
…and speaking of MINDSET
We can help you embrace the right
and positive entrepreneurial attitude
that will carry you through your
vibrant entrepreneurial journey. With
DTI’s Negosyo Center seminars, the
SME Roving Academy (SMERA) and
the Kapatid Mentor ME (KMME)
program, we infuse an entrepreneurial
mindset that is success- and
innovation-driven, collaborative, and
proactive.
At our Negosyo Centers, we teach you
to master the know-how & how-tos of
entrepreneurship, from what you need
to set up a business, basic rules of
spotting market opportunities, finding
your product positioning and
differentiation, product development,
market development, basic business
finance and plan preparation, as
well as developing a system for
continuous innovation.
We provide you with continuous business
guidance in partnership with the private
sector members like Go Negosyo,
Philippine Chamber of Commerce &
Industry, Philippine Franchise Association,
Association of Filipino Franchisers, Inc.,
and Federation of Filipino-Chinese
Chambers of Commerce and Industry, Inc.,
thanks to programs like Kapatid Mentor
ME. Experience coaching and mentoring
of industry experts and large corporations
on dierent aspects of business operations
for free!
We give you access to funding
through DTI’s Pondo sa Pagbabago at
Pag-asenso (P3) micronance
program—in cooperation with SB
Corp.— or connect you to micro
finance institutions (MFIs) to help you
out with financing, whether you’re
setting up a business or if you want
to expand
We equip you not only with the must-
have knowledge on equipment and
right tools to ensure quality
production under the Shared Service
Facilities (SSF) project, you can also
use these to level up your production
and increase productivity. With
innovation, you and your fellow
entrepreneurs can produce more
products more efficiently.
We help you promote your products
through provincial and national trade
fairs, OTOP (One-Town, One Product)
shows, Go Lokal! retail store
concepts in major malls, and the
internationally-recognized FAME
exhibits. We can also link your
business to big companies or to
government so that you can supply
them with your products on
a continued basis
We give you different business ideas
to help you get into business, from
traditional enterprises to direct
selling and franchising. We also teach
you livelihood skills like baking, soap-
making, etc. At our Negosyo Centers,
there’s more than one way to do
business. MSMEs need to have ties
with bigger guys to create synergies,
which are essential in matching and
innovating products and services
…back to Mind Setting
Grameen Bank
 Entrepreneurial Mindset

• Entrepreneurial mindset refers to

a specific state of mind which
orientates human conduct
towards entrepreneurial activities
and outcomes. Individuals with
entrepreneurial mindsets are
often drawn to opportunities,
innovation and new value
creation.
 “a way of thinking,
reasoning, and acting that
is opportunity obsessed,
holistic in approach, and
leadership balanced.”

Jeffrey Timmons
Anatomy of the
Entrepreneur
The Entrepreneurial
Mind Frame

The Entrepreneurial
Heart Flame

The Entrepreneurial
Gut Game
Mind Set of an Entrepreneur
• Anticipate failure
• Let go and delegate
• Stay curious, learn new skills
• Follow your instincts
The Entrepreneurial Mind
• “Only a warrior can handle the
road to become unbeatable. His
life is a challenge, and challenges
are not good or bad. They’re
simply challenges.”

Samurai Proverb
Drop the employee
Embrace Entrepreneurship MINDSET
1. Become Your Own Boss and Your Own
Servant
2. Create a Roadmap… But Adjust as Needed
3. Get Comfortable with the Uncomfortable
4. Don’t Get Too Attached to Failure or
Success
5. Feed Your Creative Juices
6. Invest in Yourself and Treat Your Time as
Money
7. Believe in Yourself, But Also Do Your
Homework
 Which one are you?
Employee Entrepreneur
Mindset Mindset

• thinks • knows the

about the business
work as supports
the the work
business
 Which one are you?
Employee Entrepreneur
Mindset Mindset
• supports a • sees a
solid fluid
structure
as process
foundation as core to
al to the the
business business
 Which one are you?
Employee Entrepreneur
Mindset Mindset

• is a doer • is a
first planner
first
 Which one are you?
Employee Entrepreneur
Mindset Mindset
• sees • uses
“business “business
controls controls and
and necessities,
necessities
” as other ” to track
people’s and manage
work the work
 Which one are you?
Employee Entrepreneur
Mindset Mindset

• focuses • focuses
on what is on
his or her interconn
responsibi ected
responsibi
lity
lities
 Here’s to the crazy ones
“Here’s to the crazy ones. The
rebels. The troublemakers. The
ones who see things differently.
While some may see them as the
crazy ones, we see genius. Because
the people who are crazy enough to
think they can change the world,
are the ones who do. “-
STEVE JOBS
“I really want to clear my life to
make it so that I have to make as
few decisions as possible about
anything except how to best serve
this community,”- Zuckerberg

“I’m trying to pare down decisions.

I don’t want to make decisions
about what I’m eating or wearing.
Because I have too many other
decisions to make.” - Obama
Most Valuable Possession

Reputation
A brand for
a company
is like a
reputation
for a
person.
You earn
reputation by
trying to do
hard things
well.
Jeff Bezos
Agyamanak, Apo!

Mabbalo