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    Entrepreneurship Module 1

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    Abi Mae Dela Rosa
    The document is an introduction to entrepreneurship. It defines entrepreneurship as creating something new of value by devoting time and effort. It lists benefits like opportunity for profits and contribution to society, as well as drawbacks like stress and risk of losing capital. Key characteristics of entrepreneurs are initiative, seeing and acting on opportunities, persistence, and problem solving. The document contrasts entrepreneurs and managers and outlines the entrepreneurial process.

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    Entrepreneurship Module 1

    Uploaded by

    Abi Mae Dela Rosa
    762 views5 pages
    The document is an introduction to entrepreneurship. It defines entrepreneurship as creating something new of value by devoting time and effort. It lists benefits like opportunity for profits and contribution to society, as well as drawbacks like stress and risk of losing capital. Key characteristics of entrepreneurs are initiative, seeing and acting on opportunities, persistence, and problem solving. The document contrasts entrepreneurs and managers and outlines the entrepreneurial process.

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    The document is an introduction to entrepreneurship. It defines entrepreneurship as creating something new of value by devoting time and effort. It lists benefits like opportunity for profits and contribution to society, as well as drawbacks like stress and risk of losing capital. Key characteristics of entrepreneurs are initiative, seeing and acting on opportunities, persistence, and problem solving. The document contrasts entrepreneurs and managers and outlines the entrepreneurial process.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    762 views5 pages

    Entrepreneurship Module 1

    Uploaded by

    Abi Mae Dela Rosa
    The document is an introduction to entrepreneurship. It defines entrepreneurship as creating something new of value by devoting time and effort. It lists benefits like opportunity for profits and contribution to society, as well as drawbacks like stress and risk of losing capital. Key characteristics of entrepreneurs are initiative, seeing and acting on opportunities, persistence, and problem solving. The document contrasts entrepreneurs and managers and outlines the entrepreneurial process.

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    ENTREPRENEURSHIP

    MODULE 1
    INTRODUCTION TO
    ENTREPRENEURSHIP
    ABI MAE B.DELA ROSA
    Name of

    Student:___________________________________
    Section:___________________________________________
    Question: What are the names that come to your mind when you think of an entrepreneur?
    Answer:
    ______________________________________________________________________________
    ______________________________________________________________________________
    ______________________________________________________________________________

    Question: What do you understand of an entrepreneur?


    The boss?
    The business owner?
    The risk taker?
    One who starts small business?
    The resourceful and creative person?

    DEFINITION:
    Origin of the word:
    Enteprendre an undertaker
    According to George Gilder from the Spirit of the Enterprise
    It is making the world forever new. It is taking aggressive actions.
    According to Joseph Schumpeter
    It is destroying the old order and creating new ones.
    Entrepreneurship is the process of creating something new of value by devoting (giving) the
    necessary time and effort.

    1
    Benefits of Entrepreneurship
    Opportunity to make a difference
    Opportunity to reach your full potential
    Opportunity to get unlimited profits
    Opportunity to do whatever you enjoy
    Opportunity to contribute to society and be recognized for your efforts
    Opportunity to gain control over your own destiny

    Drawback of Entrepreneurship
    High levels of stress
    Complete responsibilities
    Discouragement
    Long hours and hard work
    Uncertainly of income
    Risk of losing your entire invested capital
    Lower quality of life until the business gets established

    Three Masteries of an Entrepreneur


    Mastery of Self (Mind, Heart, and Gut)
    Mastery of Opportunity
    Mastery of Enterprise

    Question: In your own opinion what characteristics best describe an Entrepreneur?


    ______________________________________________________________________________
    ______________________________________________________________________________
    ______________________________________________________________________________

    2
    Characteristics of an Entrepreneurs
    Initiative
    Sees and Act on Opportunities
    Persistence
    Information seeking
    Concern on High Quality and Output Increased Productivity
    Commitment to work contract
    Effieciency Orientation
    Systematic and Organized Planning
    Problem Solving
    Self Confidence
    Assertiveness Negotiation with suppliers and customers
    Persuasive and Influential Peers and Stakeholders
    Inspirational - employees
    Effective Communicator external and internal of organization

    Difference Between an Entrepreneur and a Manager

    3
    The Entrepreneurial Process

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