1. IDEAL ENTREPRENEUR quarter 1 week 1.pptx

TLE 6

1. Technology and Livelihood Education ISAIAS T. ANDING TLE Teacher

2. Entrepreneurship is the pursuit of opportunity beyond resources controlled. Entrepreneur is “a person who starts a business and is willing to risk loss in order to make money.”

3. What do you think are the qualities of a successful entrepreneur?

4. LET’S BE INFORMED An entrepreneur is someone who is willing to put up the capital needed to set up a business fully aware of the risks involved. It is he or she who plans, organizes, and manages the business, hires the people to help run it, and ensures that the product or service being offered is sold at a reasonable profit in order to earn.

5. Qualities of an Ideal Entrepreneur Industrious Displays hard work and perseverance in the face of challenges; utilizes skills to diligently carry out tasks or make goods. Innovative Has the ability to envision future needs or demands and create new opportunities, products, and services to meet these demands. Honest Does not engage in deceptive or fraudulent acts; displays sincerity at all times.

6. Qualities of an Ideal Entrepreneur Persistent Does not easily give up or let go. Caring Understands the feelings, concerns, and needs not only of his or her customers but also his or her workers. Helpful Is always available to provide assistance.

7. Qualities of an Ideal Entrepreneur Faith in goodness and righteousness Conducts business fairly and cultivates a culture of righteousness Organized yet flexible Is able to adapt to any change yet remain logical and organized Confident Feels or shows certainty, as of success.

8. Qualities of an Ideal Entrepreneur Strategist Is a careful planner; sets long term goals and plans and executes a well thought of strategy in order to achieve them. Prudent Is never wasteful and always ensures that all resources are used wisely and every bit of raw material does not go to waste Determined Is a go-getter and an achiever; acting on a dream, vision, and plan, no matter how hard it may seem at first

9. Qualities of an Ideal Entrepreneur Knowledgeable Is well-trained and possess information and understanding of concepts necessary to run a business venture High quality philosophy Strives for excellence and perfection to exceed customer satisfaction Risk-taker Takes calculated risks and knows how to match opportunities with market realities; takes on risks anticipating business profitability and chances of success.

10. Buyers are: Persons or organizations who agree to purchase the finished products or services presented with the prescribed or correct features. Persons or organizations that purchase materials from suppliers for products and services. Manufacturers who purchase raw materials needed for production

11. Sellers are: Persons or group of persons who transfer goods and services to the buyers in exchange for money. Persons who offer things to buyers in return of something which most of the time is money. Vendors creditors, dealers, merchants and suppliers who dispose things in return for money.

12. Below are the duties of a seller: Make business fairly with buyers Deliver on time, with proper care and place of delivery Provide warranty for the product sold to the buyer.

13. What are your opinions and ideas about the pictures? What does it offers? A Product or service ?

14. What are your opinions and ideas about the pictures? What does it offers? A Product or service ?

15. What are your opinions and ideas about the pictures? What does it offers? A Product or service ?

16. What are your opinions and ideas about the pictures? What does it offers? A Product or service ?

17. What are your opinions and ideas about the pictures? What does it offers? A Product or service ?

18. What are your opinions and ideas about the pictures? What does it offers? A Product or service

19. A product is something that is manufactured following a process or grown and nurtured in order to be sold for a profit . Sellers could offer products in the school and the community based on existing needs and demands. Examples include the following: 1. Bottled water is one of the most in-demand products in school and community that can provide a solution to a need. Sells products based on needs and demands in school and community

20. Used clothing and furniture commonly known as garage sale business offers old products and sometimes overruns sold at a lower price. Street food such as fishballs , siomai , and assorted kakanin can be sold the whole day and are offered at a lower price. Baked products such as pandesal , ensaymada , bread loaf, cakes and other pastries are equally salable. Assorted fruits such as bananas, green mangoes with bagoong, sliced pineapple, and sliced watermelon are appealing as well. Different flavors of ice cream on a cart placed on a cone, cup or bread are salable to children and adults alike. Beauty products made of organic and natural ingredients are popular nowadays too.

21. The profitability of the store is greatly affected by the pricing of the product. There are several components of a price, these are: a. Cost – this refers to the part of the price that covers the product. It is the amount paid for the merchandise. b. Markup – this refers to the additional expenses involved in selling the goods such as the transportation, taxes and others. c. Profit – this refers to the amount added to the item cost. How to compute the selling price? 1. Determine the markup percentage, then multiply this with the cost of the product. 2. Add the markup cost with the cost of the product. 3. Check the percentage. Computing the Price of the Product