LESSON 1 – DEFINING KEY TERMS

At the end of the lesson, the learner should be

able to define entrepreneur and
entrepreneurship.
 ANAGRAM
 is a word or phrase formed by rearranging the letters of a
different word or phrase, typically using all the original
letters exactly once. For example, the word anagram can
be rearranged into nag a ram, or the
word binary into brainy or the word adobe into abode.
According to Wikipedia
1. tapiCal 7. seItnitivia
2. fitPro 8. Cnoiietomtp
3. dnloeKweg
4. killsS
5. skWorer
6. scRuseero
WHAT COMES INTO YOUR MIND WHEN YOU HEAR THIS WORD?

ENTREPRENEURSHI
P
 CAPITAL
is the money or wealth
needed to produce goods and
services. 
 PROFIT
is a very important concept for any
business. Profit is the
financial return or reward that
entrepreneurs aim to achieve to reflect
the risk that they take.
 KNOWLEDGE
facts, information, and skills acquired by
a person through experience or
education; the theoretical or practical
understanding of a subject.
 SKILLS
the ability to do something
well; expertise.
 WORKERS
a person who is employed
Read more: http://www.businessdictionary.com/definition/worker.html
 RESOURCES
a stock or supply of money, materials,
staff, and other assets that can be drawn
on by a person or organization in order
to function effectively.
 INITIATIVES
the ability to assess and initiate things
independently.
the power or opportunity to act or take
charge before others do.
 COMPETITION
- the activity or condition of competing.
 in marketing - is the rivalry between companies
selling similar products and services with the
goal of achieving revenue, profit, and market
share growth.
Art of observing correct practices
in managing & operating a self-
owned wealth-creating business
enterprise by providing goods &
services that are valuable to the
customers.
 the activity of setting up a business
or businesses, taking on financial
risks in the hope of profit.
According to Google
No bosses.
No restricting schedules.
No one holding back.
 ENTREPRENEUR
1. From the French word entreprendre – meaning to undertake
2. Signify the start of a new business undertaking
3. When compare, the relationship is like that of a manager and
the management, in which a manager is a person who practices
correctly the concept of management.
 An entrepreneur is a
person who sets up a
business with the aim to
make a profit.
 An entrepreneur can be a
person who sets up their first
online store on the side or a
freelancer just starting out.
Entrepreneurs are some of
the world’s most powerful
transformers.
Understanding entrepreneurs
can help more people to
recognize the value they
contribute to the world.
Why entrepreneurs are important
in the society?
1. Entrepreneurs create
jobs. Without them, jobs
wouldn’t exist.
2. Entrepreneurs create
change. Many of them
improved the world with their
products, ideas, or businesses.
3. Entrepreneurs give help to the
society. They make more money
and thus, pay more taxes which
helps funds for social services.
Why
become an
entre-
preneur?
1. To change the world.
2. We don’t want a boss.
3. We want flexible hours.
4. We are risk takers.
5. We can’t get a job.
6. We don’t fit into the
corporate environment.
7. We are curious.
8. We are ambitious.
Entrepreneurial 1. Focus
Skills 2. Determination
1. Marketing 3. Talent
2. Customer service 4. Continuous learner
3. Leadership
4. Execution
Entrepreneur Ideas 1. Marketing business
1. Store owner 2. Blogger
2. Freelancer 3. Real estate agent
3. App creator 4. Photographer
4. Service based 5. Buy and sell
5. Consultant based 6. Tutor
 10 FAMOUS SUCCESSFUL FILIPINO
ENTREPRENEURS
1. SOCORRO C. RAMOS 6. Jaime Zobel de Ayala - Ayala Corporation
National Book Store, Inc.
2. TONY TAN CAKTIONG 7. Alfredo Yao - Zest-O Corporation
Jollibee Foods Corporation
3. Lucio Tan - Philippine Airlines 8. Mariano Que - Mercury Drugstore
4. ATTY. FELIPE L. GOZON
GMA Network, Inc.  9. Cecilio K. Pedro - Lamoiyan Corporation
5. Henry Sy – ShoeMart 10. Corazon D. Ong - CDO Foodsphere, Inc.
“A person who sees a problem is a
human being; a person who finds a
solution is visionary; and the
person who goes out and does
something about it is an
entrepreneur.”
Task:
If you are to build your own
kind of business, what
would it be? Why?
Business type: _______________
Proposed business name:______________
Reasons to establish:
a. _________________________
b. _________________________
c. _________________________