entrepreneurshi

p
 OBJECTI
1. Define the terms entrepreneurship and
VES entrepreneur
2. Respond to questions
asked.
3. Demonstrate interest on entrepreneurship in everyday life
and to the society as a whole.
Meaning of Entrepreneurship and Entrepreneur
(www.investopedia.com,www.reference.com ,www.europeanentrepreneurship
.com)
• ENTREPRENEURSHIP

• This is an act of creating a business or

businesses while building and scaling it to
generate a profit. It is an important driver of
economic growth and innovation.
 entrepreneur
A person who sets up a business
with the aim of making a profit
and creating a new business,
bearing most of the risks and
enjoying most of the rewards.
 IMPORTANCE OF
ENTREPRENEURSHIP
• Entrepreneurship generates new wealth in an
economy.
• .Entrepreneurship decreases poverty.

.It creates opportunities, ensures social justice,

instills confidence and stimulates the economy.

• .Entrepreneurs create jobs.

• Entrepreneurship improves productivity

 Relevance of Entrepreneurship to SHS
Students
(www.europeanentrepreneurship.com)
• To prepare students for livelihood even before college.
• Entrepreneurship develops their initiative and helps them to be
more creative and self-confident in whatever they undertake
and to act in a socially responsible way.
• Being aware of all the important factors and seeing how they
affect each other is the foundation of a smart decision-making
process.
• Entrepreneurship education requires students to be innovative,
creative and collaborative with others.
A. LIVELIHOOD B.
ENTREPRENEURSHIP
C. SOCIAL CHANGE D.SOCIO-
ECONOMIC E.BUSINESS OPPORTUNITY
F.bUSINESS VENTURE G.RELEVANCE
H.BUSINESS INNOVATION,
I.ENTREPRENEUR J.ECONOMY
• It involves developing new products
or improving existing technologies,
processes, designs and marketing to
solve problems, increase efficiency,
reach new customers, and
ultimately increase profits.
 2. Involves sale or lease of any
product, service, equipment, etc.
that will enable the purchaser-
licensee to begin a business.
 3. Refers to the act of creating a
business or businesses while
building and scaling it to generate
a profit.
 4. Refers to their "means of
securing the basic necessities
(food, water, shelter and
clothing) of life".
 5. The system of production,
distribution and consumption.
The overall measure of a
currency system; as the national
economy.
 6.Is a person who sets up a
business with the aim to make a
profit.
 7.Refers to any significant
alteration over time in behavior
patterns and cultural values and
norms.
 8.Related to the differences
between groups of people
caused mainly by their financial
situation.
 9. It is a new business that is formed
with a plan and expectation that
financial gain will follow. It is usually
formed out of a need for a service or
product that is lacking in the market.
10. It is simply the noun form of
the adjective "relevant," which
means "important to the matter
at hand."