Entrep_Presentation 1-Cost-Conscious.pptx

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1. Activity 1: Cost-conscious Habits in Utilizing Resources Trainer: Lynette Y. Salas

2. Lesson Objective: ✓ Define cost-consciousness in the workplace ✓ Apply cost-conscious principles in making decisions Objectives: SKILLSPRENEURSHIP 2

3. Motivation: Read the proverb: “ Ang taong masinop kahit barya ay binibigyan ng halaga ”. (A person who is frugal, values even the smallest penny). 3

4. QUESTION? What does this proverb mean to you? Are you a cost-conscious person? Why or Why not? 4

5. What is Cost-consciousness? • Cost-conscious means being aware that everything has costs, and not being wasteful with resources. It also means not spending money unnecessarily. • A person can be cost-conscious by paying attention to details and not wasting time or resources. • Business owners usually appreciate cost-conscious person, as they save the owner from spending extra money.

6. ACTIVITY 1 Do the this activity. 6

7. 7 Let’s Apply: Being Cost-Conscious Situation: Arya told you that the company is looking for a new supplier of 100 Burger Buns per day at a lower cost. Arya provided you with these 2 options and she asked for your recommendation. Remember! Your recommendation may help you get that Regular Job at the Arya Snack House.

8. Direction: In a Manila Paper, give 5 reasons of why Supplier A or Supplier B is to be chosen by Ayra for her new business, Snack House. Defend your answer in the class. You have 20 minutes to prepare your group output. 8

9. TIME IS UP! PRESENT YOUR OUTPUT. 9 Large image

10. Thank You April Hansson [phone] [email protected] Trey Research 10

11. Key Facts 9.4: Characteristics of an Entrepreneur 1. Hard Working: running a business requires a lot of energy and drive. This involves the ability to work for long hours when necessary. 2. Self-Confident: to succeed, entrepreneurs have to believe in themselves and in their ability to achieve the goals they have set for themselves. 11

12. 3.Communicates clearly: an entrepreneur communicates every day with a variety of different people, including customers, suppliers, and employees. Clear communication – whether in writing, in person, over the phone or over the internet – is critical to avoiding challenges in running a business. 4. Profit-Oriented: interest in generating money is a clear indicator of an entrepreneur’s suitability for being a business owner. Once profits are generated, the entrepreneur can make decisions about how the profits can be used – to expand the enterprise or for personal use. 5. Goal-Oriented: success in business depends upon being able to set realistic goals or targets and to work with determination to achieve them. 12

13. Add a footer 13 6. Persistent: all businesses, even successful ones, face challenges. Being persistent in solving a problem is one of the keys to being a successful entrepreneur. 7. Willingness to Learn : an entrepreneur knows he/she does not know everything, and strives to keep learning and adapting to improve the business. All businesses inevitably contain failures as well as successes. Recognizing and learning from failures is an essential characteristic of an entrepreneur. 8. Demonstrates Initiative: research shows that successful entrepreneurs take the initiative and put themselves in positions where they are personally responsible for success or failure. 9 . Willing to Listen: entrepreneurs listen to other people. They value hearing other people’s ideas and advice. They evaluate others’ advice, and sometimes make improvements to their businesses using that feedback.

14. Add a footer 14 10. Copes with Uncertainty: being an entrepreneur is much more uncertain than employment. This uncertainty is about sales and turnover, but it often also exists in other areas such as material delivery and prices, and bank support. An ability to cope with this uncertainty without becoming too stressed is a necessary trait of being an entrepreneur. Source: https://www.pexels.com/photo/person-counting-money-with-smartphones-in-front-on-desk-210990/ 11. Builds on Strengths: successful business people base their work upon the strength(s) they have, such as manual skills, communication skills, selling skills, organizational skills, writing skills, knowledge of a particular product or service, knowledge of people in a trade and ability to make and use a network of contacts.

15. 12. Focuses on Customer Service : Customers are essential for a business to succeed, and successful business owners put good customer service first. They continually build their customer base. 13. Reliable and Has Integrity: the qualities of honesty, fair dealing and reliability in terms of doing what one has promised to do are essential traits of an entrepreneur. 14. Pays Attention to Details: an entrepreneur keeps track of everything related to the business. This includes managing time well, keeping records of inventory and customers, and financial management and planning. 15. Risk-Taker: Entrepreneurs have the ability to take measured or calculated risks. Such risks involve working out the likely costs and gains, the chance of success and the belief in oneself to make the risk pay off. 15

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