Introduction to

Entrepreneurship
Pre-Test: Write T if the statement is TRUE
and F if the statement is FALSE.
____1. Entrepreneurships produces more jobs to augment the
earnings of the country.
____2. Entrepreneurship improves people’s living standards.
____3. Entrepreneur is a person who creates the business in a creative
manner.
____4. A competency is the mixture of knowledge, skills, and attitude
required to perform the entrepreneurial functions to attain the
organizational success. Knowledge can be gained through attending
quality trainings.
____5. An entrepreneur never stopped seeking valuable information
that contributes to its success and further innovations.
____ 6. Entrepreneurship elicits economic independence
and capital formation.
____ 7. Entrepreneurship reduces social conflicts and
political unrest.
____ 8. Kenneth Cobonpue is a multi-awarded furniture
designer and manufacturer from Cebu, Philippines.
____ 9. The people who create these businesses are
often referred to as entrepreneurs.
____ 10. Attitude is the powerful weapon to perform all
the activities to meet the institution’s goal.
Activity 1
Questions:
1. Based on the graphic
visual representation,
what is your idea about
entrepreneurship?
2. What benefits you
can get from
entrepreneurship?
 Entrepreneurship Defined
Entrepreneurship is derived from the French
term “entre” means between, and “prendre”,
meaning to take.
Entrepreneurship is the process of establishing
a new business in a creative manner along with
the ability to take risk, to make a profit, and
imbibe the “entrepreneurial spirit.”
 Entrepreneurship Defined
Entrepreneurship is the process of designing,
launching and running a new business, which
is often initially a small business, or as the
"capacity and willingness to develop,
organize and manage a business venture
along with any of its risks to make a profit.
 Entrepreneurship is compelled by the
entrepreneur, a person who creates
the business and aggregates the
resources efficiently and effectively
to manage the business well.
 The entrepreneur is one who
undertakes to organize, manage, and
assume the risks of a business.
An entrepreneur is a unique
individual who has the innate ability
and extraordinary dedication to
establish and manage a business,
acknowledging all the risks and
reaping its reward.
 Benefits of entrepreneurship
1. Entrepreneurship produces more jobs that equate to an
increase in national income. Millions of unemployed
people will have opportunities to have a decent
occupation. Small businesses produce jobs and create
wealth.
2. Entrepreneurship amplifies economic activities of
different sectors of society. A simple eatery in a rural
area and a coffee shop in an urban area both ignite
economic activity regardless of their business scale.
3. Entrepreneurship introduces new and innovative
products and services. New products and services are
always available in the market because of the
ingenuity of entrepreneurs to seek opportunities and
improve on them.
4. Entrepreneurship improves people’s living
standards. How can you look good if not for the
services of your nearby salon or barber shop? How can
you live without the sari-sari store near your house
where you buy basic needs?
5. Entrepreneurship disperses the economic
power and creates equality. It balances the
economy by distributing national income to more
business rather than to only few monopolies.
6. Entrepreneurship controls the local wealth
and balances regional development. It makes
sure local resources are used properly and that
every area has an appropriate allocation of
resources.
7. Entrepreneurship reduces social conflicts and political
unrest. Imagine if there are no or only few sari-sari store or
supermarket stores in your area. All of you will then fight for
the food supplies because the store cannot supply all your
needs.
8. Entrepreneurship elicits economic independence and
capital formation. A country with more entrepreneurs is
highly likely to become financially independent and will less
likely need to help of other countries. This also applies to
families, Barangays, and cities. Entrepreneurship creates
wealth instead of borrowing wealth.
Eight Successful Filipino Entrepreneurs
Who Started Small (2019)
1. Socorro Ramos (National Book Store)
2. Tony Tan Caktiong (Jollibee)
3. Edgar Sia (Mang Inasal)
4. Cresida Tueres (Greenwich Pizza)
5. Milagros, Clarita, and Doris Leelin (Goldilocks)
6. Joe Magsaysay (Potato Corner)
7. Asiang Reyes (The Aristocrat)
8. Araceli and Jun Manas (Hen Lin)
Key Competencies in
Entrepreneurship
A competency is the mixture
of knowledge, skills, and
attitude required to perform
the entrepreneurial functions
to attain the organizational
success.
Core competency is the ability for you to
be competitive in the entrepreneurial
world.
Common competency is the one that
describes the KSA (knowledge, skills, and
attitude) present in all entrepreneur.
Here are the common competencies/traits that
the entrepreneurs must have.
1. Opportunity Seeking
2. Persistent
3. Commitment to work
4. Efficient
5. Risk taker
6. Goal oriented
7. Creative
8. Responsible
9. Persuasive
10.Self-confidence
Here are the core competencies/traits that
entrepreneurs should develop in managing
and running the business:

1.Leaders
2.Communicators
3.Specialists
4.Problem solvers
 Core traits/competencies

LEADERS COMMUNICATORS
 Successful  ENTREPRENEURS KNOW HOW
entrepreneurs
always have the heart of A TO USE ALL FORMS OF
COMMUNICATION TO
LEADER. EFFECTIVELY SHARE IDEAS
AND ADDRESS CERTAIN
CONCERNS WITH THEIR
CUSTOMERS OR EMPLOYEES.
 Core traits/competencies

SPECIALIST PROBLEM SOLVERS

 ENTREPRENEURS ARE  ENTREPRENEURS POSSESS
EXPERTS IN THEIR CRITICAL THINKING SKILLS
CHOSEN BUSINESS. THEY AND LOOK AT PROBLEMS AS
CHALLENGES OR PUZZLES
ARE TACTICAL AND ARE
THAT THEY NEED TO SOLVE.
VERY KEEN WITH DETAILS
Career Opportunities
in Entrepreneurship
>>>>>>>>
ENTREPRENEURSHIP
VS.
EMPLOYMENT
 e n e u r V S .
Entrepr
E mp l oy m e n t
Important Career
Factors Entrepreneurs
1. Income • Income generated passively
even when the entrepreneur
is resting
• Opportunity income
unlimited, depending on the
success of the business
• Income only earned when
the business is successful
Employment
• Income generated
actively
• Income usually fixed
per month and
increases every year
depending on the
employer and the
employee’s
performance
• Income earned whether
the business is
successful or not
 e n e u r V S .
Entrepr
E mp l oy m e n t
Important Career
Factors Entrepreneurs Employment

2. Hiring and Firing, • (Provide jobs) is the owner of • (Seeks for a job) is the
Organizational, Set- the business and conducts one applying for a job
Up, and major Key the talent selection and is interviewed by
Result Areas the company’s hiring
officers
• Fully responsible for serving • Has the goal of
customers, making the satisfying only the
business employer or the direct
profitable/sustainable and supervisor
providing employee
satisfaction
• Can venture into expansion • Can only work for the
of business such as current employer
franchising and buying other exclusively
similar businesses
 e n e u r V S .
Entrepr
E mp l oy m e n t
Important Career
Factors Entrepreneurs Employment

3. Daily Task • Performs all necessary • Has routine tasks and

variable task to establish and works on regular or
manage a startup business, normal hours
which usually takes most of
the entrepreneur’s time;
spend more hours on work
than a regular employee and
sometimes gets no sleep
• Prepares policies, • Follows policies,
procedures, and memoranda procedures, and
for the business memoranda from the
employer
 e n e u r V S .
Entrepr
E mp l oy m e n t
Important Career
Factors Entrepreneurs Employment

4. Leisure Time and • Has a flexible schedule and • Has a limited number of
Vacations can take unlimited number of vacation days imposed
vacation days by the employer

5. Comfort Level at • Is comfortable in doing • May be comfortable

Work multiple and challenging
tasks and takes
accountability with the risks
and profits of the business;
with routines and
minimal risks; may also
be comfortable in
working for the
company itself
3 types of business organizations

1. Service Business
This type of business offers professional skills, advice and
consultations.
Examples: barber shops and beauty parlors, repair shops, banks,
accounting and law firms
2. Merchandising Business
This type of business buys at wholesale and later sells the
products at retail. They make a profit by selling the merchandise
or products at prices that are higher than their purchase costs.
This type of business is also known as "buy and sell".
Examples: book stores, sari-sari stores, hardware stores
3. Manufacturing Business
This type of business buys raw materials and
uses them in making a new product,
therefore combining raw materials, labor and
expenses into a product for sale later on.
Examples: shoe manufacturing businesses,
car manufacturing, foods
List of most common small businesses in
the Philippines:
 Sari – sari store
 Rice retailing
 Food cart business
 Printing business
 Buy-and-sell business
 Street food business
 Flea market business or tiangge
 Online selling business
 Cellphone loading business
 Laundry and dry-cleaning business
 Hair styling and makeup business
 Spa, gym, and nail care business
 Video and photography business
 Tutorial business
 Baking business
 Web site development and design/blogging
 Direct selling business
 Car wash and car care business
 Bar, café, and restaurant
 Water station and LPG (liquefied petroleum gas) station
Franchising is a business arrangement
wherein the franchisor, who is the owner
of the business, acquires distribution
centers through the franchisees or the
affiliated dealers.
Entrepreneur Philippines’ franchise business
options in the Philippines:
Franchise or Startup Businesses
 Bakeries, bakeshops, and bread products
 Bars, cafes, and coffee shops
 Beverage and confectionery
 Car care
 Clothing and accessories
 Convenience stores
 Drug stores and pharmacies
 Fast food establishments and restaurants
 Food and snacks
 Gas stations/petroleum products
 General merchandise and retail
 Health and wellness (salon, massage, spa, and
gym)
 Schools
 Services (personal and business)
 Waters stations
Other Additional Business Opportunities

 Dealerships– an establishment authorized to

buy and sell specific goods, especially motor
vehicles.
 Direct selling - involves distributors selling
directly to consumer.
 Distributorship – a franchise granted by a
manufacturer or company to market its goods
especially at wholesale in a particular area.
Top 10 Entrepreneurial trends in the
Philippines (2020)
1. Food Cart
2. Eco Friendly products
3. Healthcare
4. Beauty and wellness
5. Water refilling
6. Bill Payment
7. Laundry Shop
8. Cold Beverage Stand
9. Car Wash
10. Education
JOLLIBEE NATIONAL BOOKSTORE

SHOE MART

BENCH TOBACCO CORPORATION

Activity 2.1: In the quotations of the famous
entrepreneurs lie the clues of the businesses they
started. Choose the answer from the box below.
____________ 1. “I started with shoes, and hard work and
discipline, the business prospered. “– Henry Sy, Sr.
Clues: shoe business and malls
____________ 2. “If you dream big and put your dreams into
action you will indefinitely make mistake. But don’t be
scared to make mistakes. Just be quick to recognize them
and learn from them as fast as you can.” – Tony Tan
Caktiong.
Clues: ice cream and fast food
___________ 3. “Whenever I want something, I really work hard to
get it. There’s no such thing as swerte.” – Socorro Ramos.
Clues: office supplies and bookstore
____________ 4. “The real test of an entrepreneur is how far he
can go when the tides of business turn for the worse. It is in times
like these when he should be unafraid. Be aggressive. Know your
market’s needs and serve them.” – Ben Chan.
Clues: clothing and store
____________ 5. “Entrepreneurs should never give up due to
failure. Not just entrepreneurs, but people of whatever profession
– all of us- should learn from our setbacks. We should never
surrender to despair.” – Lucio Tan
Clues: cigarette and manufacturing
Activity 2.2
1. Give five reasons that drive
Filipinos to choose
entrepreneurship?
2. What are the businesses you think
you will be profitable at? What
position would you like best and
why?
Activity 2: Answer the following
questions:
1. Give five reasons that drive Filipinos to choose entrepreneurship?
_____________________________________________________________________
2. What motivated you to become an entrepreneur?
____________________________________________________________________________________
______________________________________________________
3. What are the businesses you think you will be profitable at? What position would you like best
and why?
____________________________________________________________________________________
______________________________________________________
Assignment 1
1. Pick one famous tagline below:
a. ABS-CBN- “In the Service of the Filipino
Worldwide”
b. Del Monte – “Life gets better”
c. BDO – “We Find Ways”
d. Honda – “The power of Dreams”
e. Metro bank – “You’re in a good hand”
2. Reflect on the said tagline.
3. Relate the tagline to your daily activities.
4. Write it in a 1 whole sheet of paper.
PERFORMANCE 1. MY DREAM SHEET

1. Organize your personal objectives and

dreams 10 (10) years after you graduate
senior high.
2. Make a sketch note or draw it in a short
bond paper.