ENTREPRENEURSHIP

Presented by: Marlon N. Tabanao Jr., LPT

 Objectives for the week

• Define entrepreneurship and its relevance

• Explain the core competencies
• Explore the job opportunities
 Activity (15 mins)

Define entrepreneurship in your own words.

Entrepreneurship is the art of observing correct
practices in managing and operating a self-owned
wealth-creating business enterprise by providing
products and services that are valuable to the
customers.
(Aduana, 2017)
Entrepreneurship is the
• art of observing correct practices
• managing and operating a self-owned business
• wealth-creating venture
• providing valuable products and services
 Entrepreneurial Characteristics

• Ability to deal with ambiguity

• Self-starters, optimists, perseverant, energetic, action-
oriented
• Persuasive leaders, people-oriented, natural networkers,
communicators
• Creative and highly imaginative
 Entrepreneurial Characteristics

• Passionately seek new opportunities

• Temper risk with reality
• Work with urgency but balanced with a focus on long-
term goals
• Focus on adaptive execution
Entrepreneur + Capital = Product + Customers = Business
What do you think is the relevance of entrepreneurship
To the Filipino people?
To the local community?
To the Philippine economy?
 Relevance of Entrepreneurship

TO THE FILIPINO PEOPLE

• Improve financial and social life
• Broaden creativity
• Makes them achieve a fruitful and successful life
 Relevance of Entrepreneurship
TO THE LOCAL COMMUNITY
• Provides employment
• Creates new demand in the market
• Contributes in raising and collection of taxes
• Creates new business opportunities
• Promotes a peaceful and loving community
• Increases constructive competition
 Relevance of Entrepreneurship
TO THE PHILIPPINE ECONOMY
• Encourages competitiveness
• Hasten economic recovery process
• Facilitates smooth flow of money
• Helps the national government achieve a favorable economic
rating
 "If you want to be a successful entrepreneur, do not start
out wanting to be one. Start out with a customer problem
and a product that solves it. Get capital. Make the product,
market it, win customers. Someday you will wake up and
realize what you have become: a guy who took a risk,
started a business, and made money. An entrepreneur."
- Steve Tobak, "The true meaning of 'entrepreneur'"
References:
Aduana, N. L. (2017). Entrepreneurship in Philippine setting for senior high school. Quezon City,
Philippines: C & E Publishing, Inc.
Kaplan, J. M., & Warren, A. C. (2016). Patterns of entrepreneurship management (5th ed.).
Nagao, T., & Saitō, I. (2000). Kokology: The game of self-discovery. New York, NY: Simon &
Schuster.
Tobak, S. (2015, April 3). The true meaning of 'entrepreneur'. Retrieved from
https://www.entrepreneur.com/article/244565