Who are the Entrepreneur?????

64% - business owners had some college education when

they start a business

60% - business owners use their own money or from

their families to start a business

Mostly 55 years old/mostly at old age

Based on the survey 1982 only 7% women worldwide

own business, but in 2010 women own business
increase by 28%.
Self assessment

• Everybody has strengths and weaknesses

• evaluating your strength and weaknesses
• vital part in becoming an entrepreneur
• Help to maximize your strong points and
strengthen your weaknesses
• Mostly, entrepreneurs are self aware in
hiring employees with skills, abilities and
character that implement business
processes and rules.
APTITUDE AND ATTITUDE
Aptitude
-is a natural ability to do a particular type of
work
-inborn ability

*sometimes can be develop through

hard work
Attitude

-is a way of viewing or thinking about

something that affects how you feel about it.
Entrepreneur –
- has a positive attitudes
- Needs to have self esteem
- view themselves in a positive ways.
- instead of seeing a situation as a problem, they
look at it as an opportunity
- find solutions more easily than people who think
negatively
- positive thinking and talking tends to make you
happier and have more energy and feel
motivated to achieved your goals.
- even though you didn’t get to choose which
aptitude you’d inherit but you do have the power to
choose your attitude.
 Positive attitudes can make difference
between failure and success

“Someone who has strong aptitude but has

an negative attitude will achieve less than
someone who has less aptitude but has a
strong positive attitudes”.

History proven that as an entrepreneurs “

Thoughts have power”
No one is born with all the
characteristic needed to
become a successful
entrepreneur. But if keep a
positive attitude and believe
yourself you can develop many
of them.
As the quote states:

Watch your thoughts………

They become Words
Watch your words ………..
They become action
Watch your action………….
They become habits
Watch your habits ……………
They become character
Watch your character…………
They become destiny
Personal Characteristic of an entrepreneurship

In the following list, notice the personality traits

you have already possess. Then focus on the one
you think you need to develop.

1. Courage – A willingness to take a risk in spite of possible

losses
2. Creativity – inventing new ways of doing things, thinking
outside the box
3. Curiosity – the desire to learn and ask question
4. Determination – refusing to quit in spite of obstacles
5. Discipline – the ability to stay focused and follow a
schedule to meet deadline
6. Empathy – being sensitive to the thoughts and feeling of
others.
7. Enthusiasm – being passionate about something, the
ability to see problems as opportunity

8. Flexibility – the ability to adopt to new situation,

willingness to change

9. Honesty – A commitment to being truthful and sincere

and sincere with others

10. Patience – recognizing that most goals are not reached

overnight

11. Responsibility – being accountable for your decision and

action; not passing the buck.
 SKILLS
- is an ability that’s learned through training and
practice.

1. Business Skills
understanding how to create and manage a business

2. Communication Skills
the ability to listen well, write well and speak well

3. Computer Skills
The ability to use technological tools effectively

4. Decision making and problem solving skills

knowing how to apply logic and information, and past experiences to
new decisions and problems
Logic – proper understanding of something
5. Mathematical skills
using math to create budget, keep accurate records and analyze
financial statement

6. Organizational Skills
the ability of keeping task and information in order; plan well and
manage time.

7. leadership skills
the ability to persuade and motivate people; knowing both how to be a
leader and work in a team.
Remember:

Do not discouraged if you not have

all the traits and skills to become a
successful entrepreneurs, you can
increase your entrepreneurial potentials
in the following six areas. Even if you
never become an entrepreneurs, paying
attentions to this areas will help you be
more successful in life.
The six Areas

1. Business Knowledge
be open minded to business activities and entrepreneurs. Read
magazine and books, watch TV and use internet to research about business

2. Financial Knowledge
strengthen your mathematical skills, investment accounting and
personal finances

3. Career exploration
be honest in evaluating your strength and weaknesses. Develop
positive attitude. Explore your career areas. Match your aptitude and
attitude, talk people who have a career you’d think you like.
 4.Education
-learning is a lifetime occupation, take advantage to learn new
things
- certificates, diploma and degree not only benefits you personally
but it can also help open door to more career opportunities.

5. Relationship
spend time with people who believe in you and inspire you. Being
surrounded by positive people well help you to stay positive and a
accomplish more.

6. Acknowledge Mentor
it will provide free guidance, tutoring and suggestion for achieving
your goals.
The key competencies o successful
entrepreneurs according to McClelland

1.Proactivity: initiative and assertiveness

2.Achievement orientation: ability to see and

act on opportunities

3.Commitment to others
Entrepreneurial personality
1. McClelland’s need for achievement

2. Calculated risk taker

3. High internal locus of control

4. Creativity

5. Innovative

6. Need for autonomy

7. Ambiguity tolerance

8. Vision

9. Self- efficacy
 The Economic System

Economics
is a social science deals with proper
allocation and efficient use of scarce
resources to satisfy the unlimited wants of
the society
Fundamental Question of economics
1.What goods and services are to produce

2.What quantity of goods and services are

to produce

3.How are goods and services produce

4. For whom to produce

 Types of economic system

1.Command Economy
- Government decides the answer to the
fundamental question of economics
- the government controls the production,
allocation, price of goods and services

2. Market economy
- Supplier and consumer control the
production allocation and prices of goods
and services
- other term capitalism
3. Mixed economy
- blending the command economy and market
economy
- modern economics are actually mixed economy.