1 Entreprenuerial Mind

ENTREPRENUERIAL
MIND
Prepared By:
TAMBIHASAN, AJILMA.
ENTREPRENEURSHIP
• Entrepreneurship- is a proactive process of developing a
business venture to make a profit.
• 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 rewards.
• Entrepreneurship- is a career that requires a plethora of
common and core competencies.
Here are social and economic benefits of entrepreneurship.
• 1. Entrepreneurship produces more job that equate to an increase in national
income.
• 2. Entrepreneurship amplifies economic activities in different sectors of
society.
• 3. Entrepreneurship introduces new and innovative products and services.
• 4. Entrepreneurship improves people’s living standard.
• 5. Entrepreneurship disperses the economic power and creates quality.
• 6. Entrepreneurship controls the wealth and balance regional development.
• 7. Entrepreneurship reduces social conflicts and political unrest.
• 8. Entrepreneurship elicits economic independents and capital performance.
There are five levels of entrepreneurial
development.
• 1. The self-employed- self-employed persons are simply put, not
comfortable with the routines desk job.
• 2. The manager- in this level, entrepreneurs feels the need to step up and
ask some help from people around them.
• 3. The leader- entrepreneur in this level already enjoy seeing their people
flourish stepping up and producing great results with minimal supervision.
• 4. The investor–investors look for more opportunities for their business to
grow.
• 5. The true entrepreneur- true entrepreneur; based on their experience,
now aim for quality and excellence in their work.
Here are some of new terms to suit an
entrepreneur field of expertise.
• 1. A technopreneur is an entrepreneur who puts technology at the core
of his or her business model.
• 2. A social entrepreneur is one who take advantage of the country’s
social problem and turn them into profitable institutions with I intention
of helping the disadvantages community rather than making a profit.
• 3. An intrapreneur is an entrepreneur in a large company or corporation
who is task to think, establish, and run a new big idea or project.
• 4. An extrapreneur is an entrepreneur who hops from one company to
another to act as the innovation champion, providing creative and
deficient solution.
Here are the common traits that entrepreneurs
should always have.
•1. Proactive •5. Sociable
•2. Agent of change •6. Networkers
•3. Risk taker •7. Decisive
•4. Have a sharp eye •8. Balanced
for opportunities •9. Innovative.
Here are the core traits that entrepreneurs should
develop in managing and running the business.
• 1. Leaders- successful entrepreneurs always have the heart of a leader.
• 2. Communicators- know how to used all form of communication to
effectively share ideas and address certain concerns with their customers
or employees.
• 3. Specialist- entrepreneurs are experts in their chosen business.
• 4. Problem solvers- entrepreneurs possess critical thinking skills and look.
“Entrepreneurship and Employment are two different career

paths that a person can choose depending on his or her personal
aspiration and work characteristics.”
Table 1.1 shows a comprehensive list of the perks and the
downsides of being an entrepreneur as compared to being
employed.
Important Career Factors Entrepreneur Employment
1. Income • Income generated • Income generated actively

passively even when ( i.e., on working hours ); no
entrepreneur is resting. work = no pay.
• Opportunity income • Income usually fixed per
unlimited depending on month and increase every
year depending on the
the source of the business. employer and the employee’s
• Income only earned when performance.
the business is successful. • Income earned whether the
business is successful or
unsuccessful.
2. Hiring and firing • Provides jobs; is the owner • Seeks for a job; is the one
of the business and applying for a job and is
organizational setup, conducts the talent Interview by the company’s
and major key result selection hiring officers.
areas. • Fully responsible for serving • Has the goal of satisfying
customers making the only the employer or the
business direct supervisor.
profitable/sustainable and • Fully dependent on the
providing employee employer’s performance; is
satisfaction. at risk of losing his/her job if
• Has the power to disengage the company does not
nonperforming employees performed well; may find it
applying the due process difficult to just leave their
policy of disengaging below par employer if this is
personnel. the only source of income
• Can venture into expansion • Can only work for the
of business such as current employer
franchising and buying exclusively.
other similar businesses.
3. Daily task • Performs all necessary • Has routine task and works on
variable task to establish and regular or normal hours
manage a startup business, • Follows policies, procedures,
which usually takes most of and memoranda from the
the entrepreneur’s time; employer
spend more hours on work
than regular employee and
sometimes gets no sleep.
• Prepares policies, procedures,
and memoranda for the
business.
4. Leisure times and vacations • Has flexible schedule and can • as limited number of vacation
take unlimited number of days imposed by the employer.
vacation days ( applicable only
if the business stabilized
already)
5. Taxation • Tax on the net income; • Taxed on the gross
can claim taxable income income; cannot use
deductions for allowable expenses to claim from
expenses incurred by the deductions from taxable
business income.
6. Comport level at work • Is comfortable in doing • May be comfortable with

multiple and challenging routines and minimal risk;
tasks and takes may also be comfortable
accountability with the in working for the
risk and profits of the company itself.
business; does not want
to be confined in a box;
thinks outside the box or
sometimes think there is
no box.
Careers in entrepreneurship
• Entrepreneurship consists of vast career options depending on
the passion and field of interest of the entrepreneur.
• 1. Sari-sari store • 9. Cellphone loading • 16. Web site
• 2. Rice retailing business development and
• 10. Laundry and dry design blogging
• 3. Food cart business
cleaning business. • 17. Direct selling
• 4. Printing business business
• 11. Hair styling and
• 5. Buy-and sell make up business • 18. Car wash and car
business • 12. Spa,gym and nail care business
• 6. Street food care business • 19. Bar, café and
business • 13. Video and restaurant
• 7. Flea market photography • 20. Water station and
business or tiangge business. LPG.( liquid petroleum
• 8. Online selling • 14. Tutorial business gas)
business • 15. Baking business
FRANCHISING- is a business arrangement wherein the franchisor, who is the owner of
the business, acquires distribution centers through the franchisees or affiliated dealers.
List down below are entrepreneur Philippines’ franchise business options in the
Philippines, which a potential entrepreneur can pursue after college or even after
finishing the k to 12 program.
• Franchise or Startup • Car care  Clothing and • Gas stations/petroleum
Business accessories products
• Bakeries, bakeshops, and • Convenience stores • Health and
bread products • Drug stores and
wellness( salon, massage,
• Bar cafes, and coffee
spa,and gym)
pharmacies 
shops • Schools  Services
• Fast food establishments
• Beverage and
( personal and business) 
and restaurants
confectionery • Water stations.
• Food and snacks carts
Get Ready for Seat Work!
My Map
DIRECTIONS: list the common traits that entrepreneurs
should always have.
A. Write your answer
inside the circles.
B. Refection and Analysis
DIRECTIONS: Answer the question briefly and
concisely.
1. How did you find the Activity? Was it
interesting? Hard?
2. 2. In your own words, define who is an
entrepreneur?.

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ENTREPRENUERIAL

“Entrepreneurship and Employment are two different career

1. Income • Income generated • Income generated actively

6. Comport level at work • Is comfortable in doing • May be comfortable with

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