Jaycelle A.

Ramos Grade 12 – STEM Aristotle

Entrepreneurship
ENTREPRENEURSHIP WORD PUZZLE
activity no. 3
ACROSS
2. having equilibrium in analytical and creative side – BALANCE
4. do not stop improving and thinking new – INNOVATIVE
5. pursuing goals despite hindrances – OPTIMISM
6. source of inspiration of the employees – LEADERS
7. willing to take consequences of every opportunity –

DOWN
1. innovation champions – AGENTS OF CHANGE
3. tactical and very keen with details – SPECIALISTS
8. relationship mgmt key for employee & customer – SOCIABLE

ENTREPRENEUSHIP OR EMPLOYMENT

List all the perks and

downsides of being an
entrepreneur as compared to
being employed.
ENTREPRENEUR EMPLOYEE
◦ Employees only earn their
income during working hours.
◦ Entrepreneurs earn passive ◦ They have a fixed and safe
income even when they are limited compensation income
resting. INCOME depending on their
◦ They also have unlimited performance.
income opportunities. ◦ They earn their income
whether the business is
successful or not.
◦ Take long stressful hours of
hard work when starting.
◦ Entrepreneurs are dedicated
to do their passion and so,
◦ Employees take regular hours
they have to exert hard work
of work in their employment
and patience on a goal or
life.
project that is worthy.
DAILY TASK ◦ They usually do routine tasks.
◦ He/She do not stop improving
◦ They follow policies,
and thinking of new and
procedures, and memoranda
worthwhile ideas for his/her
from the employer.
business.
◦ Prepares policies, procedures,
and memoranda for the
business.
◦ It is a daunting job for
entrepreneurs to find their
leisure time. If they take a
break, there’s a possibility ◦ Employees have limited
LEISURE TIME AND
that their business might fall number of vacation days
VACATIONS
down. However, they can imposed by the employer.
already have a leisure time or
go on a vacation if their
business is already stable.
◦ Taxed on his income after TAXATION ◦ Employees are taxed on his
 income.
deducting expenses. An
◦ They cannot claim their daily
entrepreneur can claim his
expenses (e.g., transportation,
allowable expenditures
food, fuel) related to their job
related to his business as
as deductions from the
deductions from his taxable.
taxable income.
◦ Entrepreneurs are comfortable
◦ Employees may be
in doing multiple and
comfortable with routines and
challenging tasks and takes
COMFORT LEVEL minimal risks.
accountability with the risks
AT WORK ◦ They can also feel
and profits of their business.
comfortable in working for
◦ Entrepreneurs take many risks
the company itself.
than their employees.

CAREERS IN ENTREPRENEURSHIP
If I were to build my own business, I’d prefer Video & Photography Services, Restaurant, or Coffee
Shops.

APPLICATION
TEST YOURSELF

ASSESMENT
test 1. multiple choice:
1. B. SOCIAL ENTREPRENEUR
2. C. ACQUISITION
3. D. ENTREPRENEURSHIP
4. B. INTRAPRENEUR
5. C. INTEGRITY
6. A. TECHNOPRENEUR
7. C. EXTRAPRENEUR
8. B. THE LEADER
9. COMMERCIAL APTITUDE
10. C. COMPETENCIES

test 2. true or false:

TRUE 1. Entrepreneur is a risk-taker.
2. Entrepreneur plays the role of a business leader.
TRUE 3. Entrepreneur plays the role of an innovator.
TRUE 4. Entrepreneur promotes capital formation.
TRUE 5. Entrepreneur creates large-scale employment opportunities.
FALSE 6. Entrepreneur promotes unbalanced regional development.
FALSE 7. Entrepreneur reduces concentration of economic power.
FALSE 8. Entrepreneur does not help in wealth creation and distribution.
TRUE 9. Entrepreneur contributes to the increase of gross national product.
TRUE 10. Entrepreneurial initiatives improve the general standard of living.
TRUE 11. Entrepreneur must have a positive sense of value and personal beliefs.
TRUE 12. Entrepreneurship and employment are two different career paths that a person can choose.
FALSE 13. Entrepreneur persists in negative goals despite hindrances and problems.
14. Entrepreneur is limited to the his/her ideas and opinion.
TRUE 15. Entrepreneur looks at the problem on different angles and finds means to solve problem.

test 3. essay 5 points each.

1. Define Entrepreneurship
- Entrepreneurship is a proactive process of developing a business venture to make a profit. It
involves seeking opportunities for market, establishing and operating a business out of the
opportunity, and assessing its risks and rewards through close monitoring of the operations.
Entrepreneurship also provides employment, contributes development to the economy of the
country, and creates wealth to individuals.
2. State the importance of entrepreneur
- Entrepreneur is a unique individual who has the innate ability and extraordinary dedication to
establish and manage a business, acknowledging all the risks and reaping its rewards. They
entail a holistic business talent to be considered one, ranging from product and marketing
expertise to operations agility, and to financial proficiency. Entrepreneurs are very important
especially in our society because they help to drive change with innovation, where new and
improved products enable new markets to be developed. Moreover, entrepreneurs contribute
in other ways such as investing in community projects and supporting local charities. They
are the reason why society’s economy changes and progresses. Every entrepreneur brings
more entrepreneur by flourishing the next generation and mentoring new businesses and
ventures in the society.