ENTREPRENEURSHIP

(Relevance to the Course)

 ENTREPRENEURSHIP
• A science of converting processed ideas into a
remarkable business venture.
• A capacity for innovation, investment and
expansion in new market, products and
techniques.
• The process of running a business of one’s
own.
 Benefits to SHS School Students
• Classify individual entrepreneurial
interest
• Apply basic marketing acumen
• Determine legitimate sources of
resources
• Analyze ownership structures
• Convert threats into opportunities
 Benefits to SHS School Students
• Evaluation of feasibility of ideas
• Discovery of entrepreneurial innovators who
also have the competence and edge to start
their own business
• Consider ethical and legal business practices
• Write a micro business plan
 Entrepreneurial skills needed in order to
achieve objectives and goals of the
organization

• Networking/collaborating- can negotiate with

competitors
• Creative/critical thinking- can analyze
problems and create innovative solutions
• Organizing- can work methodically allocate
time and resources
 Entrepreneurial skills needed in order to
achieve objectives and goals of the
organization
• Checking, Examining, & Recording- the ability
to maintain confidential records, easily locate
and complete appropriate forms and
paperwork, detect errors, and make the
necessary corrections
• Planning- must be specific about the direction
of their venture and strategy they will adopt
to achieve their goals
 Entrepreneurial skills needed in order to
achieve objectives and goals of the
organization
• Business principles- being well versed in
market knowledge, economic principles, and
ethical practices are essential entrepreneurial
knowledge
• Innovation & Creations- apply their creativity
to the formulation of inventive systems and
products. Assessing changes in trends and
seeking out opportunities to improve services
and products.
 Entrepreneurial skills needed in order to
achieve objectives and goals of the
organization

• Marketing- competent im both executing

strategies that promote their products and
establishes client/customer relationship
• Financial management- competent at
accounting and funds management