Answer the following items: (4 items x 10 points)

1. What are the common characteristics of the three (3) Filipino entrepreneurs
described above? How did these characteristics influence their businesses?

The common characteristics of the three (3) Filipino entrepreneurs described above
are Desire for responsibility because they feel a deep sense of accountability for the
outcome of their business ventures. They prefer to control their resources, and they use
those resources to achieve self-determined goals.

2. How did entrepreneurship aggravate yet eventually improved the lives of the
featured personalities in the case?

entrepreneurship worsened but eventually improved the lives of the personality

features in the case because they showed their ability and to reach their goals, even if
they were rejected by other people they still continued their businesses.

3. How do you think these businessmen manage the pitfalls of entrepreneurship?

Propose better ways of managing and avoiding business failures.

I think these businessmen manage the pitfalls of entrepreneurship because the ly

develop a Solid Business Plan because if an entrepreneur’s business model passes the
feasibility test, the next step is to prepare a business plan. For any entrepreneur, a well-
written business plan is a crucial ingredient in preparing for business success.

4. -Currently, what do you think is the primary force that drives entrepreneurship in
the Philippines? How can the Filipinos capitalize on this force to boost the
economy in times of recession?
 Now, I think the main force driving entrepreneurship in the Philippines and
how can Filipinos use this force to boost the economy in times of recession they
should know and be aware of modern technology advancements because with
the help of modern business machines such as personal computers, laptop
computers, smartphones, fax machines, copiers, color printers, answering
machines, and voice mail, even an individual working at home can look like a big
business. therefor it is one of the biggest help to entrepreneurs to grow it
thoroughly and it will also help our economy.