How to become an

Entrepreneur?
In general, these are the steps you
will take to become an
entrepreneur:

Step 1: Find Your Industry or Niche

Step 2: Research Your Market
Step 3: Educate Yourself
Step 4: Build Your Business Slowly
What traits are the most important
for Entrepreneurs?
• Motivation and confidence are key
• Skills critical to entrepreneur success
• Fundraising and investment
• Networking
• Managing effectively
• Communicating
• Learning the trends
Successful Filipino Entrepreneurs
EDGAR J. SIA ll – MANG INASAL
• Edgar “Injap” J. Sia ll
• Born in 1977
• Sia is the chairman of Double Dragon Properties
(and co-owner with billionaire Tony Tan Caktiong),
and the founder of the Mang inasal fast food
restaurant chain.
• In 2011, Sia become the youngest billionaire in the
Philippines at the age of 34 after selling his
70percent stake in Mang Inasal to Jollibee.
GOLDILOCKS -
Sisters: Milagros Leelin Yee
Clarita Leelin Go
Sister in law : Doris Wilson
• Goldilocks was founded by sisters Milagros Leenlin Yee,
Clarita Leelin Go and their sister-in-law, Doris Wilson.
• On May15,1966, the sisters together with their sister-in-law,
opened Goldilocks on a 70-sqm on the ground floor of a three-
story building at Pasong Tamo, Makati.
• The name GOLDILOCKS was chosen because of two
important words embedded in the name – GOLD and LUCK,
which suggest FORTUNE and SUCCESS.
• They opened the first branch with only 10 employees in it, and
just two displayed cakes.
JOE MAGSAYSAY – POTATO CORNER
• Joe Magsaysay
• When the group asked him to join in before they
opened their first outlet, he readily agreed, they
opened their first outlet in July of 1992.
• In 26 years since he and his partners put up the first
Potato Corner stall in SM Megamall, he is
encountered his fair, share of loyal, sometimes
obsessive fans.
STRENGHTS OF FILIPINO
ENTREPRENEURS
Qualities which are considered as strength for an
entrepreneur are the following:
Always sets his/her own realistic goals
Self-reliant
Focuses on positive objectives
Periodically reviews performances
Learns from own mistakes
Accepts changes and uses them when to
motivate self
Cont.
Takes care of himself/herself physically
Sticks to schedule
Is self – motivated
Is action oriented
Manages backtracking
Finishes work once started
Reflects on time management regularly
Associates with other entrepreneurs; patterns,
lifestyle, values and habits after successful
entrepreneurs
ROLE OF ENTREPRENEURS
Entrepreneurs occupy a central position in
a market economy. For it’s the entrepreneurs
who serve as the spark plug in the economy’s
engine, activating and stimulating all
economic activity. The economic success of
nations worldwide is the result of encouraging
and rewarding the entrepreneurial instinct.
Cont.
A society is prosperous only to the degree to
which it rewards and encourages entrepreneurial
activity because it is the entrepreneurs and their
activities that are the critical determination of the
level of success, prosperity, growth and opportunity
in any economy. The most dynamic societies in the
world are the ones that have the most entrepreneurs,
plus the economic and legal structure to encourage
and motivate entrepreneurs to greater activities.
Cont.
• Entrepreneurs seek disequilibrium – a gap
between the wants and needs of customers and
the products and services that are currently
available.
• The entrepreneur then brings together the
factors of production necessary to produce,
offer and sell desired products and services.
• They invest and risk their money – to produce a
product or service that can be sold at a profit.
Cont.
• Entrepreneurs are optimistic and future
oriented; they believe that success is possible
and are willing to risk their resources in the
pursuit of profit.
• They’re fast moving, willing to try many
different strategies to achieve their goals of
profits.
• They’re flexible, willing to change quickly when
they get new information.
Cont.
• Entrepreneurs are skilled at selling against
the competition by creating perceptions of
difference and uniqueness in their products
and services.
• As an entrepreneur, you are extremely
important to your world. Your success is
vital to the success of the nation
 FOUR MAIN
CHARATCERISTICS OF
SUCCESSFUL ENTREPRENEUR
Ambition and self - confidence
Willingness to take a leap of faith
Ability to learn from mistakes
Trust in and respect for the team
 Group 3

Reporters:
Jhon Kevin Borja
Marlene Canilang
Fatima Cayago
Shiella May Doria

BSOA 2ND YEAR