ENTREPRENEURSHIP LE.SSON 1 S.Y 2024.pptx

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1. ST. AUGUSTINE INSTITUTE OF PAMPANGA, INC. Module 1

2. LESSON 1

3. ENTREPRENEURSHIP is the process of establishing a new business in a creative manner along with the ability to take risk, to make a profit, and absorb the entrepreneurial spirit.

4. WHAT IS ENTREPRENEUR?

5. ENTREPRENEUR a person who creates the business and aggregates the resources efficiently and effectively to manage the business well.

6. ENTREPRENEUR ‘’ Entreprende ’’

7. ENTREPRENEUR

8. Here are the SOCIETAL AND ECONOMIC benefits of entrepreneurship

9. 1. Entrepreneurship produces more jobs that equate to an increase in national income. --> Millions of unemployed people will have the opportunities to have a decent occupation. SOCIETAL AND ECONOMIC benefits of ENTREPRENEURSHIP

10. 2. Entrepreneurship amplifies economic activities of different sectors of society. -- > A simple eatery in a rural area and a coffee shop in an urban area both ignite economic activity regardless of their business scale. SOCIETAL AND ECONOMIC benefits of ENTREPRENEURSHIP

11. 3. Entrepreneurship introduces new and innovative products and services. --> New products and services are always available in the market because of the ingenuity of entrepreneurs to seek opportunities and improve on them. SOCIETAL AND ECONOMIC benefits of ENTREPRENEURSHIP

12. 4. Entrepreneurship improves people's living standards. --> How can you look good if not for the services of your nearby salon or barber shop?How can you live without the sari-sari store near your house where you can buy your basic needs? SOCIETAL AND ECONOMIC benefits of ENTREPRENEURSHIP

13. 5. Entrepreneurship disperses the economic power and creates equality. --> It balanses the economy by distributing national income to more businesses rather than to only few monopolies. SOCIETAL AND ECONOMIC benefits of ENTREPRENEURSHIP By establishing businesses, entrepreneurs create jobs and contribute to economic activity, providing opportunities for various people to engage in the economic system.

14. SOCIETAL AND ECONOMIC benefits of ENTREPRENEURSHIP 6. Entrepreneurship controls the local wealth and balances regional development. --> It makes sure local resources are used properly and that every area has an appropriate allocation of resources.

15. 7. Entrepreneurship reduces societal conflicts and political unrest. --> Imagine if there are no or only few sari-sari or supermarket stores in your area. SOCIETAL AND ECONOMIC benefits of ENTREPRENEURSHIP

16. 8. Entrepreneurship elicits economic independence and capital formation. --> A country with more entrepreneurs is highly likely to become financially independent and will less likely need the help of other countries. SOCIETAL AND ECONOMIC benefits of ENTREPRENEURSHIP

17. According to United Nations Report, in developing countries, MSMEs account for more than 90% of all jobs, sales, and value added;

18. While in developed countries, they account for only 50% of these same measures, then the rest is Large enterprise.

19. MICRO, SMALL, MEDIUM ENTERPRISE (MSMEs). MICRO ENTERPRISE- SMALL ENTERPRISE- MEDIUM ENTERPRISE-

20. LARGE ENTERPRISE-

21. MICRO ENTERPRISE EX: Sari-sari store, Taho Vendor, and Street vendor, barber shop. SMALL ENTERPRISE Ex: Fast Food (Jollibee, Mang Inasal, and Burger King) and Restaurants.

22. MEDIUM ENTERPRISE Ex: Mall, SM Pampanga, Savemore, Manufacturing Company LARGE ENTERPRISE Ex: Jollibee Food Corporation, San Miguel Corporation and SM Prime Holdings, Inc.

23. ANY QUESTIONS? CLARIFICATION?

24. PERFORMANCE TASK #1 Move in your community, Record one (1) MICRO, SMALL and Medium enterprise that have been established there for at least two years. Find out the effects of their presence in your community.

25. THANK YOU!