THC10

ENTREPRENEURSHIP IN
TOURISM AND HOSPITALITY
 ENTREPRENEURSHIP IN TOURISM AND
HOSPTALITY
Aims to create new sustainable business by increasing the capacity and
willingness of enterprises to develop, organize and manage risk and
profit.
What is the benefit of creating jobs inclined with the
Tourism and Hospitality Industry?
 ENTREPRENEURSHIP

• What is Entrepreneurship?
The act of creating a business while calculating risks and gaining
profits.

• What is an Entrepreneur?
Someone who created the business with the aim to gain profit.
 ENTREPRENEURSHIP
• The Entrepreneurial Process
A cycle or life of a business.
 ENTREPRENEURSHIP

• The Entrepreneurial Process

Discovery
Developing Business Plan
Resourcing
Managing Company
Harvesting
 ENTREPRENEURSHIP

• Types of Entrepreneur
Innovator – who come up with new and complete ideas
Hustler- Hard workers who are willing to start small
Imitator – Copies certain business ideas
Researcher- Supports idea with scientific explanation
Buyer- Has capital/money to acquire business through e.g stocks
 ENTREPRENEURSHIP

• Types of Legal Business (Tourism and Hospitality)

Food and Beverage Businesses
Travel and Tourism Businesses
Lodging
Recreation
 Questions?
If none, let’s proceed to assigning of reporters for the next topics

PRELIM
Product and Service Innovation FINALS
Environmental Factors in Planning a Business Business Plan
Franchising Process Executive Summary
Organizational Management Business Description
Rewards and Recognition System Product/Service Description
Property Management Organizational Chart
SWOT Analysis
MIDTERM Marketing Plan
Components of Market Plan and Strategy Financial Requirements (Capital, etc)
SWOT Analysis Business Layouts
Business Strategies
Business Financial Transactions
Business Proposal Defense