Klarrize Angel L.

Omlang G12-10ABM
Introduction:
1. Relevance of the course
Entrepreneurship education aids students from all socioeconomic backgrounds to think outside
the box and nurture unconventional talents and skills. It creates opportunities, ensures social
justice, instills confidence and stimulates the economy. Entrepreneurship education is a lifelong
learning process, starting as early as elementary school and progressing through all levels of
education, including adult education.

Introducing young kids to entrepreneurship develops their initiative and helps them to be more
creative and self-confident in whatever they undertake and to act in a socially responsible way.
There are many ways entrepreneurship lessons can be integrated in the school curriculum.

2. Key concepts and common competencies

Is there such a thing as a ‘natural-born entrepreneur’? According to this Idea there is not. Specific
techniques and habits must be practiced and developed by all would-be entrepreneurs. And as well as
business competencies, entrepreneurs need interpersonal and self-leadership skills too; however,
these are often overlooked. Read on for advice on how to build and put these skills into practice.

 Personal competencies: creativity, determination, integrity, tenacity, emotional balance and self-
criticism.

 Interpersonal competencies: communication, engagement/charisma, delegation, respect.

 Business competencies: business vision, resource management, networking, negotiating skills

3. Core competency in entrepreneurship.

Cash Flow Management. You’ve got to pay your bills! And when you can’t? You have obvious
two choices. Go out of business, or raise more capital. But that comes with a price; diluted stock
or loss of control.

Personnel Management. You’ve got to get some help! And it ain’t easy! Probably the most
important skill successful entrepreneurs have learned in their years of experience is how to hire
the right people. But even if you hire well, you still have to train, incentivize, and encourage your
people to do their best.

Distribution Management. You’ve got to get your product to market! This requires satisfying
several levels of distribution before it gets to your ultimate customer. This is perhaps the most
important skill set new product producers overlook. They tend to focus on production and think, if
their product is good enough and priced right, it will sell
4. Career opportunitieS

 Mid-level management

At big companies, the C-level folks develop ideas, the ground force does the
work, and mid-level management converts the idea into execution.
Graduates with entrepreneurial degrees are well suited for this opportunity.

 Business consultant
The Fortune 500 is ripe with business consultants. They need people who
can go to a client site, identify problems and fix them. That is what an
entrepreneur does, and that is why this job is perfect for you. You have the
training to help identify things that others may not pick up on and the
training to know how to fix them.

 Sales
Someone who works in sales or runs the department needs to know how
businesses run. They need to know how to represent a company, manage
accounts, and follow up on leads.

 Research and development

To work in R&D, you need to understand business concepts, procedures, and
practices. With all of the training and education someone has received
learning about entrepreneurship, they are well prepared for this type of
position.

 Not-for-profit fundraiser
Being able to raise funds requires understanding the importance of business
and networking relationships. It is a great place for someone with this type
of degree because you will have experience in studying advanced concepts
that can be used to your advantage on the job.

 Teacher
Now here me out on this one. I am not suggesting that you go teach
entrepreneurship. I suggest you teach a core competency (e.g., math,
history, literature, etc.), but teach students the entrepreneurial side. Teach
them the benefits of math to business, history to innovation, and literature
to persuasive advertising.
 Recruiter
Having had courses that cover operations management, leadership, and a
variety of others, you most likely have a keen sense of what type of person
is needed to fulfill a position. Companies who use recruiters rely upon
someone being not just people savvy, but having an in-depth business sense
as well.

 Business reporter
If you can write articles, or pick up a quick class to learn it, you are in a
prime position to take the lead on covering a local business beat. You will
understand the field and concepts and can use your knowledge to make the
business section that much more interesting and telling.