entrep-request-ppt-with-socio-economic-benefits.pptx

Entrepreneurship

1. Entrepreneurship

2. Entrepreneurship Entrepreneurship - the study of business Entrepreneur - the one who organize and manage a business. Business -is an organized effort of individuals to produce and sell goods and services in order to satisfy the needs of society. Management - means putting the right people with the right skills in the right place at the right time with the right motivation in order to accomplish something. Planning - think before a particular task is done A basic management function or process of thinking about the activity or task required to achieve a desired goal.

3. Concept of Entrepreneurship The word “entrepreneur” was derived from the French verb ent re prendre , which means “to undertake.” Entrepreneurship - is a process of actions of an entrepreneur who is always in search of something new to exploit new ideas into gainful opportunities by accepting risk and uncertainty of the enterprise.

4. Socio-economic benefits from Entrepreneurship 1.    Entrepreneurship creates employment. 2.    Entrepreneurship improves the quality of life. 3.    Entrepreneurship contributes to a more equitable distribution of income. 4.   Entrepreneurship utilizes resources. 5.   Entrepreneurship brings social benefits through the government.

5. The Flow of Entrepreneurial Benefits Contributions of Entrepreneurship The Filipino People Local Community Philippine Economy

6. 1- 6 Why Become an Entrepreneur? The three primary reasons that people become entrepreneurs and start their own firms Desire to be their own boss Financial rewards Desire to pursue their own ideas

7. SKILLS AND CORE COMPETENCIES IN ENTREPRENEURSHIP

8. COGNITIVE SKILLS ability to understand written materials ability to learn and apply new information ability to solve problems systematically ability to create new ideas ability to innovate new products and procedures or methods

9. 2. TECHNICAL SKILLS information technology feasibility study and business plan preparation technical writings skill marketing management and finance

10. 3. INTERPERSONAL SKILLS skills in verbal communication skills in non-verbal communication skills in listening skills in leading skills in negotiating

11. ENTREPRENEURIAL OPTIONS

12. Start a "Work at Home" Business This option can involve everything like running an online business or starting your own web site.

13. Buy an Existing Business- This option in entrepreneurship offers the chance to start out with an established small business that already has an income stream and a core set of customers.

14. C Copy an Existing Concept- Find a great local business started by someone else. If there's nothing like it in your own community, you can study it and transfer it to your community or to a place you want to live

15. Start a "Work at Home" Business This option can involve everything like running an online business or starting your own web site.

16. Difference Between Goods and Services Good  – It’s a tangible process. A good can be measured or weighted, and it has physical dimensions. Examples of goods: CD Furniture Printer Dishwasher Notebook

17. Service  – It’s an intangible process. A service can’t be measured or weighted, and it doesn’t have a physical form. Examples of services: Airlines Internet Service Providers Insurance Providers Medical Advice Financial Consulting

18. Marketing Mix The marketing mix is intended to influence the customer in his purchasing decision. The job of business operator is to provide a blending of the variables that will lead the customer to make a purchasing decision favourable to the company.

19. 7 P’s in Marketing Product Place Price Promotion People Packaging Positioning

20. 4 M’s of Operation Manpower Method Machine Materials

21. Basic Accounting Equation: A = L + C Assets = Liabilities + Capital Assets – resources owned by the business Liabilities – financial obligations Capital – is the share of the owner

22. PROFITABILITY GOING TO SUSTAINABILITY BTK = Benta (sales) hindi ginagalaw Tubo = sapat sa mga gastusin Kita = ang sobra ng benta at tubo

23. Financial Analysis Balance Sheet Statement It is statement which can give you the condition of your business as of a certain date. Sample: HAPPY Company Balance Sheet (in Philippine Peso) Assets Current Assets Cash 280, 000 Account Receivable 1, 340, 000 Merchandise Inventory 2, 180, 000 Total Current Assets 3, 800, 000

24. Noncurrent Assets ( Fixed Assets) Furniture and Equipment 3, 440, 000 TOTAL ASSETS 7, 240, 000 LIABILITIES AND OWNER’S EQUITY Current Liabilities Accounts Payable 1, 740, 000 Accrued Expenses 120, 000 Total Current Liabilities 1, 860, 000 Noncurrent Liability Mortgage Payable 1, 000, 000 Total Liabilities 2, 860, 000 Owner’s Equity 4, 380, 000 TOTAL LIABILITIES AND OWNER’S EQUITY 7, 240, 000

25. Power truth… Being born poor is not a sin. Staying poor is….

26. Here are the couple of simple ideas that you can start with: Change the way you THINK – the power of mind-set. Change the way you TALK – the power of confession Change the way you DO things – the power of focus and action

27. Multiple Choice: Direction: Choose the letter of the best answer and write it on a separate sheet of paper.

28. 1.This means putting the right people with the right skills in the right place at the right time with the right motivation in order to accomplish something . Planning b. Management c. Business d. Marketing

29. 2.______ i s a process of actions of a person who is always in search of something new to exploit new ideas into gainful opportunities by accepting risk and uncertainty of the enterprise. a. Marketing b. Management c. Planning d. Entrepreneurship

30. 3 . ________ is the ability to solve problems systematically and ability to create new ideas. a. Cognitive Skills b. Management Skills c. Interpersonal Skills d. Technical Skills

31. 4 . ________ involves skills in listening, leading and negotiating. a. Cognitive Skills b. Management Skills c. Interpersonal Skills d. Technical Skills

32. 5 . ________ involves skills in information technology, marketing management and finance a. Cognitive Skills b. Technical Skills c. Interpersonal Skills d.Management Skills

33. 6 . ________ is desired by a customer that is not required for us to survive. a. Needs b. Wants c. Demand d. None of the above

34. 7 . ________states of deprivation, such as food, clothing, shelter and safety. a. Needs b. Wants c. Demand d. None of the above

35. 8. ________ can’t be measured or weighted, and it doesn’t have a physical form. a. Goods b. Services c. Office equipments d. None of the above

36. 9 . ________ can be measured or weighted, and it has physical dimensions . a. Goods b. Services c. Demands d. None of the above

37. 10. ________ Businesses like McDonalds, 7-Eleven, Burger King. Start a New Business Concept Buy a Franchise Buy an Existing Business Copy an Existing Concept

38. Multiple Choice. Direction: Choose the letter that best describes the statement . . 1 . Firm owned, controlled and operated by a group of users for their own benefit A. Sole proprietorship B. Partnership C. Corporation D. Cooperative 2. A business with two or more individuals own and manage the business. A. Sole proprietorship B. Partnership C. Corporation D. Cooperative 3 . A partnership in which the partners liability is limited to their investments. A. General Partnership B. Limited Partnership C. Joint venture D. None of the choices

39. 4. A business that is chartered by a state and legally operates apart from its owners. A. Sole proprietorship B. Partnership C. Corporation D. Cooperative 5. A partnership in which two companies join to complete a specific project. The partnership ends after a specified period of time. A. General Partnership B. Limited Partnership C. Joint venture D. None of the choices

40. 6. A business with one owner who operates the business on his or her own . A. Sole proprietorship B. Partnership C. Corporation D. Cooperative 7. Partnership in which all owners share in operating the business and in assuming liability for the business debts. A. General Partnership B. Limited Partnership C. Joint venture D. None of the choices

41. Entrepreneurial Options: Start a New Business Concept Buy a Franchise Buy an Existing Business Copy an Existing Concept Start a "Work at Home" Business

42. National Training of Trainers for Grade 11 Teachers 16 “A rich person is not one who has the most. But is one who needs the least” www.theinterviewwithgod.com

43. “ LEARNING ACTIVITIES National Training of Trainers for Grade 11 Teachers 16 Make your group presentation on the following: Create a simple BUSINESS PLAN Do the SWOT Analysis