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    Entrepreneurship: Nature and Concept

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    theaa banez
    1. Entrepreneurship refers to starting, owning, and managing a self-owned business venture that provides valuable goods and services to customers while taking on risks. 2. It involves continuously improving business practices through creativity to create wealth rather than just profit. 3. Small businesses owned by entrepreneurs apply entrepreneurship concepts like taking risks and providing customer value through a business with 20 or fewer employees.

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    Entrepreneurship: Nature and Concept

    Uploaded by

    theaa banez
    47 views11 pages
    1. Entrepreneurship refers to starting, owning, and managing a self-owned business venture that provides valuable goods and services to customers while taking on risks. 2. It involves continuously improving business practices through creativity to create wealth rather than just profit. 3. Small businesses owned by entrepreneurs apply entrepreneurship concepts like taking risks and providing customer value through a business with 20 or fewer employees.

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    About entrepreneurship

    Original Title

    Entrepreneurship

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    1. Entrepreneurship refers to starting, owning, and managing a self-owned business venture that provides valuable goods and services to customers while taking on risks. 2. It involves continuously improving business practices through creativity to create wealth rather than just profit. 3. Small businesses owned by entrepreneurs apply entrepreneurship concepts like taking risks and providing customer value through a business with 20 or fewer employees.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    47 views11 pages

    Entrepreneurship: Nature and Concept

    Uploaded by

    theaa banez
    1. Entrepreneurship refers to starting, owning, and managing a self-owned business venture that provides valuable goods and services to customers while taking on risks. 2. It involves continuously improving business practices through creativity to create wealth rather than just profit. 3. Small businesses owned by entrepreneurs apply entrepreneurship concepts like taking risks and providing customer value through a business with 20 or fewer employees.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 11

    ENTREPRENEURSHIP

    NATURE AND CONCEPT

    Prepared by:
    Mrs. Teresita B. Urbano,LPT
    ENTREPRENEUR
    - originates from the French word ”entreprendre” means “to undertake”
    - people who own, operate, and take the risk of a business venture

    ENTREPRENEURSHIP
    - The art of observing correct practices in managing and operating a self-
    owned wealth-creating business enterprise by providing goods and
    services that are valuable to the customers
    SMALL BUSINESS
    - refers to a business or enterprise that correctly adopts and practices the principles
    of entrepreneurship
    - owned by one person with a limited workforce not more than 20 persons

    ORDINARY SMALL BUSINESS


    - Pertains to business enterprise managed and operated by an owner
    who is not an advocate and does not practice the concepts and
    principles of entrepreneurship
    EMPLOYEES VS ENTREPRENEURS

    Entrepreneurs assume risk. This make them different from


    employees, who are people who work for someone else. Both may
    make decisions, but only the entrepreneur is directly affected by the
    consequences of those decisions.
    SALIENT FEATURES of
    ENTREPRENEURSHIP
    Providing values
    to customers

    Opening and
    Wealth-creating
    managing self-
    venture
    owned business
    ENTREPRENEURSHIP

    Art of correct Risk taking


    practices venture
    Entrepreneurship is an art of
    correct practices
    - It continuously grows, develops, improves, and expands; the change does
    not stop
    - As an art, entrepreneurship is closely related to creativity. By creativity, there
    is constant change or evolution that contributes towards the enhancement of
    the enterprises.
    Entrepreneurship is a Wealth-Creating
    Venture

    - Entrepreneurship is operating within the concepts of wealth creation


    rather than profit generation. ( Wealth is defined as the abundance of
    money, property, or possession)
    Entrepreneurship Provides Valuable
    Goods and Services
    - Valuable goods and services highly satisfy the target buyers in terms of
    quality and prices
    - The entrepreneur convinces the consumers that they gain more benefits than
    they gain more benefits than what they pay for the goods and services
    Entrepreneurship Entails
    Opening and Managing the Self-
    owned Enterprise
    - A business is considered self-owned when the person managing its
    daily is also its owners
    Entrepreneurship is a Risk-
    taking Venture
    - Once an entrepreneurial venture is born because of new ideas or
    opportunities, risk comes simultaneously with the venture.

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