ENTREPRENEURIAL DEVELOPMENT

October 06, 2018

Divine Word College
Calapan City
 HELLO!
I am Ydah Michelle!
I believe that every moment matters.
Never stop learning.
Take on risks and ride the journey.

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1
SELF ANALYSIS
Are you Entrepreneurial?

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If you scored
between 80-100

You have outstanding ability to be an entrepreneur.

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If you scored
between 60-79
You have satisfactory ability to be an entrepreneur

5
If you scored
between 40-59
Self-employment may not be an appropriate career
for you

6
If you scored
between 0-39
You should probably avoid entrepreneurship

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 HOWEVER,
ONLY YOU
CAN MAKE
THAT DECISION
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“Dream without action is
just a dream;
Plan without action
remains to be a dream.”

Paulo Tibig
#EntrepChamp
Motivational Speaker, Author

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 Allow yourself to be a
beginner.No one starts off
being excellent.

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Personal Characteristics
of an Entrepreneur

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Works Hard
Statements 1 & 8

Self-employment requires a great deal of time and effort.

The entrepreneur must perform a wide variety of time-
consuming tasks. 77% of all entrepreneurs report working
50 hours or more per week, and 54% say that they work
more than 60 hours per week. Such a time commitment
requires that you have a high energy level.

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Wants Financial Success
Statements 6

A primary reason that most entrepreneurs have for going

into business is to achieve financial success. If you want to
be an entrepreneur, you need to establish a reasonable
financial goal that you want to achieve through self-
employment. This goal will help you measure how well you
are doing in fulfilling your personal needs through an
entrepreneurial career.
Has Family Support
Statements 2

A successful entrepreneur needs family support. If you are

married, your spouse must believe in your business
because it will require that both of you sacrifice time and
money. The stress may create disruptions in family
relationships. If you have children, they will need
encouragement in understanding your need to spend so
much time away from the family. The more positive support
you receive from your family, the more you can concentrate
on making the business a success.
Is Energetic
Statements 1 & 8

Self-employment requires long work hours. You will

frequently be unable to control the number of hours
required to fulfill all the necessary tasks. The entrepreneur
must have a high energy level to respond to the job's
demands.
Has Internal “Locus of Control”
Statements 10

Successful entrepreneurs have an internal locus of control

or inner sense of responsibility for the outcome of a
venture. To be an entrepreneur, you should have a strong
sense of being a "victor" who is responsible for your
actions. If, however, you often consider yourself a "victim"
and blame other people, bad luck, or difficult circumstances
for your failures, entrepreneurship might not be the right
career move for you.
Takes Risks
Statements 3

Entrepreneurs are risk takers. They risk their careers, time

and money in order to make a success of their businesses.
To be successful in self-employment, you should feel
comfortable taking reasonable risks.
Sacrifices Employment Benefits
Statements 4

One of the major realities of self-employment is that you won't

receive a regular paycheck. You pay for your own fringe
benefits. A nice office, secretarial assistance, equipment and
other features of employment you have grown to expect are no
longer available unless you provide them for yourself.
Has a Need to Achieve
Statements 7 & 11

Entrepreneurs have a strong need for achievement. They strive

to excel and accomplish objectives that are quite high. You
should be willing to set high goals for yourself and enjoy striving
to achieve those goals.

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Has Business Experience
Statements 12

An entrepreneur should have extensive business experience to

be successful. General management experience is beneficial
because an entrepreneur should know something about all
types of management. Formal training and education in
management also are helpful
Is Independent
Statements 5 and 9

Entrepreneurs like to be independent and in control of

situations. Many people who become self- employed consider
the opportunity to be their own boss as one of the major
benefits of self-.employment. Although being independent may
not be a major concern for you, it is certainly an aspect of self-
employment that you need to feel comfortable with. If you
cannot afford to hire other employees when you begin your
business, you may at first be lonely as a self-employed person.
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Has a Self-employed Parent as
Role Model
Statements 14

Research has shown that entrepreneurs are more likely to have

a parent who is self-employed. A parent's inspiration and
knowledge about operating a business can contribute to an
entrepreneur's success.
Has Self-confidence
Statements 10, 15 and 18

An important characteristic of entrepreneurs is self-confidence.

This factor is particularly important when you face major
challenges and difficulties with your business. You need to
believe in yourself. Your belief will help you overcome the
problems that inevitably affect all self-employed persons at
some point in their careers.

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Has Integrity
Statement 16

People often cite honesty and integrity as characteristics of

entrepreneurs. Customers do not want to deal with business
owners who are dishonest and unethical. You should feel
positive about your ethical treatment of people and be
committed to conducting your business with the utmost integrity.
Has Determination
Statement 17

One of the most important characteristics of entrepreneurs is

determination. This trait is closely related to self-confidence.
The more you believe in yourself, the more likely you are to
continue to struggle for success when faced with tremendous
obstacles. You need determination in order to overcome the
problems that beset every new venture.

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Adapts to Change
Statements 13 and 19

A new business changes rapidly, so an entrepreneur must be

able to adapt to change. Two primary skills are required for
adaptation to change: the capacity to solve problems, and the
ability to make quick decisions. Another skill is the ability to
learn from your mistakes.
Has a Good Network of
Professionals
Statement 20

An entrepreneur has a good network of professionals. This

network provides access to those who can be consulted for
advice, information, and referrals. You should have an
extensive network of professionals to whom you can turn for
assistance.

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GISING PA BA KAYO?
THE
ENTREPRENEUR’S
PROFILE
The Entrepreneur is
curious
to discover different
revenue generating
ideas in the
marketplace.
 The Entrepreneur is
persistent in seeking for
the proverbial “Pot of
Gold”
The Entrepreneur is
optimistic in
seeking
opportunities..
 The Entrepreneur’s
creativity is
enhanced by skills in
problem-solving
The Entrepreneur has
passion to find
fulfillment of a high
need for achievement
The
Entrepreneur is
motivated by
challenges
The Entrepreneur has genuine interest
in people.
 And guts to
overcome
challenges
The Entrepreneur
has keen intuition
The Entrepreneur will
take the initiative
rather than wait to be
served.
The Entrepreneurial
Mindset
Opportunity
Seeking
Opportunity Screening
Opportunity Seizing
SARAP TALAGA
MATULOG, ANO?
Three Competences of an
ENTREPRENEUR
ORIGINATOR

OPERATOR IMPLEMENTOR ORGANIZER

Rewards and Risk
of Being an Entrepreneur

 Make money
 Be your own boss
 Express creativity
 Feel fulfilled
 The risk of failure
 Long hours of hard work
 Unwanted responsibilities
 “There is no
shortcut to
entrepreneurial
success.”
-Paulo Tibig
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Where do you start?

ANONG
ANONG
MERON SA
MERON KA?
PALIGID?
Looking Within
Looking Outside

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Looking Within
 Who you are
A cook can start a carinderia, tapsilog stall or a small
restaurant.

 What you know

A hobby or a technical training can become the basis for a full
time successful enterprise.

 What you have

Trinkets, collections of ornaments and home accessories
Looking Outside
 Find a business opportunity in every market need
All enterprising ventures answer a particular human need.

 Study demand and supply gaps

Find out how the present demand for certain products or
services in the community is being met.

 Capitalize on available resources

The availability of certain resources in an area can suggest
business opportunities.

 Adapt, complement, reshape

Be observant.
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Screening Your Idea
 Knowing the market for your product or services
Do a market assessment.
Identify you target customers. How would you catch their attention?

 Creating your product or services

Do you have the capability to create your product or services?

 Putting your business together

It concerns your ability to put together all the resources you will use in the business

 Looking at your finances

Do a financial assessment.
How much will it cost to start a business and keep it going at least until the revenues
keep coming in?
Making the Final Selection

 Find your niche

Find your unique place with a new or fresh idea and service
offering.
 Follow your heart
Think of the role you will play in your new business.

 Prepare a financial statement

NEGOSYO vs. LIVELIHOOD
Isang proyekto o gawain na may sinusunod na sistema
NEGOSYO LIVELIHOOD
 3-4 functions  1-2 functions (produksyon,
(produksyon/operasyon, pagbebenta
pagbebenta, organisasyon at
pananalapi
 Legal  Impormal
 Establisyemento  Sa sariling bahay
 Kumita  Pantawid-gutom
 Base sa teknolohiya  Low-tech, base sa
materyales
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Basic Business Cycle
Tools
Land & Building
Borrowings
Equipment
Donation
Inventory
Own Savings

Capital
NAGKUNWARI
KA PANG
NAKIKINIG
EH TULOG
KA PA RIN!
56
Thank you!
Any questions?
The theme distinctly
emphasizes the importance
of the digital market place in
the economic activities of
consumers.

with the reminder that digital

market place will be fairer
and safer, if consumers are
vigilant when transacting
online.
74% OF PEOPLE ARE
CONCERNED BY
WHAT INFORMATION
IS COLLECTED
ABOUT THEM BY
COMPANIES ONLINE
IN THE WORLD’S LEAST ECONOMICALLY
DEVELOPED COUNTRIES, LESS THAN 10%
OF PEOPLE HAVE THE INTERNET. IN THE
MOST DEVELOPED, IT’S 80%.
Top 10 Ways to Stay Safe
as a Consumer Online
 1
It can take only 10
minutes to crack a
lowercase password
with 6 characters. Use
original and different
passwords for all your
accounts.
 2
Set passcodes on all
your devices. Without it,
your apps, tickets,
calendars, contacts,
payment information and
personal information is
readily available.
 3
In 2015, 429 million
identities were left
exposed online. Check
and update your privacy
settings on social media
and avoid sharing
personal information
online.
 4
Always set a
password for access
to your Wi-Fi network.
Without one, you don’t
know who you’re
sharing your network
with.
 5
In 2015, spam email
attempts to obtain sensitive
information such as
usernames and passwords
to people’s work emails
increased by 55%. Watch
out! Don’t trust email offers
or rewards which seem too
good to be true.
 6
In 2016, the number of
email viruses detected
was four times higher
than in 2015. Be aware
and avoid opening
unusual email
attachments and links.
 7
Avoid sharing
unnecessary personal
details online. Use
temporary email
addresses which will
expire within a certain
amount time when
signing up to one-off
services. There are
websites which can set
them up for you.
 8
Over half a billion
digital personal records
were lost or stolen in
2015. Stay safe when
making payments
online and only use
websites that start with
“https” and have a
green padlock sign.
 9
Hackers exploit out of
date software and
opening systems to
launch cyber attacks.
Turn automatic updates
on for all your devices
to stay secure.
 1
0
Almost 1/3 of the
world’s computers have
been affected by
malicious software.
Make sure you install
and update firewalls,
antivirus and anti-spy
software.
 Online Shopping
Securitips
 Use hard to guess passwords
 Give required information only
 Validate too-good-to-be-true deals and discounts
 Check the URL or Website Address
 Read the terms, conditions and payment methods
 Use secure payment only
 Log-out your account after every transaction
 BABALA
HUWAG MAGPALOKO SA MGA PYRAMID SCAMS, PONZI SCAMS AT IBA
PANG MGA URI NG PANLOLOKO! NASA HULI ANG PAGSISISI!!

ANG MGA SUMUSUNOD AY MGA PANGKARANIWANG URI NG

PANLOLOKO:

• INVESTMENTS NA “DOUBLE YOUR MONEY”,

“EASY MONEY” AT “QUICK MONEY” NA LAGPAS
ANG KITA SA UMIIRAL NA TUBO SA MGA
BANGKO.

• ANGPUHUNAN NA PERA AY KIKITA SA PAG

RECRUIT NG IBANG TAO AT HINDI SA
PAGBEBENTA NG PRODUKTONG MAY HALAGA.
• IKAW AY NAPANGAKUAN NG “RISK FREE” O
100% PANIGURADONG BALIK NG IYONG
PUHUNAN AT HINIHIMOKNA KUMILOS O SUMALI
AGAD NG DI MAWALA ANG PAMBIHIRANG ALOK.

• IKAW AY DAPAT MAGDEPOSITO PARA SA

“SHIPPING FEE” INSURANCE, REGISTRATION
FEE IYONG NAPANALUNANG PREMYO O
LIBRENG REGALO AT NUMERO LAMANG ANG
IBINIGAY NA CONTACT INFORMATION.
• IKAW AY HINIHINGIAN NG PERSONAL NA MGA
IMPORMASYON TULAD NG BANK ACCOUNT
INFORMATION, CREDIT CARD NUMBERS, PIN
PASSWORDS.

• ANG NEGOSYO NA NAG-AALOK AY WALANG

MAIBIGAY NA MGA KASULATAN O KATIBAYAN.

• IKAW AY NANALO SA LOTTO O RAFFLE NA

HINDI MO SINALIHAN.