Entrepreneurship is an art of correct practices.

1. Is creativity present in the operation of ordinary business along the streets and
highways and in your neighborhood? Why do you say so?

Yes, creativity is present in the operation of ordinary business along the streets and
highways and in our neighborhood because these ordinary business resort to schemes
and advertisements that attract their customers.

2. Will you consider the daily business practices of the small business owner within
the concept of entrepreneurship? Why?

Yes, daily business practices of small business owner are within the concept of
entrepreneurship because small businesses are the backbone of this country. They
create jobs, come up with new ways of doing old things, and help keep money in the
local community.

Entrepreneurship is a Wealth-creating Venture

1. Is your small business a wealth-creating venture or an income-generating

enterprise? Why do you say so?

My small business is an income-generating enterprise because a small business would

generate a current stream of cash flow. However, in the long run, if I expand my
business, it would be a wealth-creating venture as the income would be greater.

2. Does your business help improve life? How?

Yes, my business helps improve life because I would not only gain wealth for myself
but also help my employees earn income.

Entrepreneurship Provides Valuable Goods and Services

1. Is your product or service valuable? Why do you say so?

Yes, my product and service are valuable as they meet the needs of the community.

2. From whose perspective is your product or service valuable?

My product and service are both valuable from the perspective of the customers,
employees, and other stakeholders.

3. How will you make your product or service valuable to your target market?

I will make my product and service valuable to my target market by selling and
providing quality products and services.
Entrepreneurship Entails Opening and Managing the Self-owned Enterprise

1. Do you know someone who owns a small business?

Yes, I know someone who owns a restaurant.

2. Does he/she personally manage his/her business? How?

Yes, he personally manages the restaurant by being at the store every day, overseeing
and supervising how his staff work, and also attends to the needs of their customers.

3. Do you think he/she is an entrepreneur or an ordinary small businessperson? Why

do you say so?

I think he is an entrepreneur because he adapts to the needs of his customers.

Entrepreneurship Entails Opening and Managing the Self-owned Enterprise

1. Do you know someone who owns a small business?

2. Does he/she personally manage his/her business? How?
3. Do you think he/she is an entrepreneur or an ordinary small businessperson? Why
do you say so?